Tranche to be snapped up by Solo , First income days away , Sidetrack , discounted prices to use machinary rugs etc . Jay and Neil great working relationship . GSA signed . TPDC great people wanting the best for us . Happy times .
But, as it happens TT, I too believe something is in the offing - and I mean over and above the Solo decision or a date for commercial production. Though I do think that the date for CP will be the trigger for the announcement of those further developments....
I think everyone is in agreement that Solo would be raving mad not to take their option - the issue is do they have the wherewithall to do so and, if not what course of action will Solo take to find it? AEX allowing Solo to defer the purchase is a possible option but, to my mind will be seen as a negative by the market and will adversely affect the share price.... Only positive confirmation by Solo to buy in without delay will satisfy the market that AEX BOD are actually delivering on "the plan"....
His stance has always been that Tanzania is his number one investment and he works very closely with JB. There's never been a doubt in my mind he won't take the second tranche. Where else is he going to get instant booked reserves, a healthy income and production for at least 20 years if surrounding wells are a guide. I do feel that once he buys into Kiliwani he will want a free carry on Ruvuma by whatever means possible. Wether that comes from Aminex or an outside farmee remains to be seen. As you all know I'd like to see Jay grab Ruvuma by the horns and borrow big to drive forward the project, giving Solo a free carry in the process in exchange for 12.5% of Ruvuma. This will only be possible once Kiliwani is booked as we don't appear to of booked reserves yet. In theory a GSA should allow us to book those reserves but that hasn't happened yet, so we await production. If we can get a commitment from the government to build infrastructure for Ntorya then a deal could be fast tracked!
Get the feeling something is bubbling in the background :-)
Sounds likely but, of course all that takes time and shareholder sanctioning.... ARGH!
Though, on the Solo board, people who ought to know more than me (Solo shareholders) seem to have dismissed it as an option after listening....
Another interesting comment he made was in connection with Ntorya and the fact that they are working on the "infrasructure" for the enabling of gas production; really, who? AEX? Solo? What with? Beans...? This has always been TDPC in AEX's history as AEX have never had a pot to pi55 in...
BUt he also says that whilst KN might be on stream within weeks, Ruvuma will be years.... no surprise but "year" would have been better to hear than "years"
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