Looks like we are on count down now. Spud by end of next week or the beginning of the week after - funds coming in and debt going down and NT-3 ready for the drill following NT-2. So say we start mid December we then have 45-60 days so early to mid February before news. In the grand scheme of things that's not too long to wait(think about how long we had to wait for the imminent GSA to be signed!). So for now so far so good. Thanks for your excellent analysis yesterday TIPTOP - very informative and much appreciated. GLAH
To me, nothing beats (in the stocks and shares world) finding a Company with such great assets and being able to take a position when its unloved or below the market radar and then sitting back and watching the story unfold and the corresponding uptick in the share price/value of my investment.
Always nice to catch those pump n dumps on the right side but nothing in comparison to the reward of sustained profit after many years of patience. All the best to those who continue to hold :-)
Yes, my feelings also esox... When discussing the Ruvuma drills at the EGM, JB intimated that the NT3 drill would follow NT2 for a variety of reasons not last was so that they could reassess certain aspects of the drill if NT2 dictated - one of these was the position.... But yes if the civil works have been completed this would seem to suggest that the position is "fixed"....
Plus I do remeber that "liquids" was always a prospect at NT2 and in particular NT3. Where it has been suggested in the past that there may be an oil (rather than condensate) play there....
Additionally, the Company has now completed all necessary civil works for the subsequent Ntorya-3 wellsite. Ntorya-3, which will be located approximately 5 kilometers from the Ntorya-1
Slightly confused by this passage in Rns, should it say "is located" as i think civil works completed means that pad is ready. Also picked up in Zac interview that its not just "gas" that we are expecting but liguids as well which could be considerable amount.
Thanks for the answer CrustyPete. Well, I first traded this share back in Feb 2012 and have paid as much as 4.10. This has therefore been a long and depressing journey. It would be simply fantastic if the share does indeed reach those heights. I can be patient a while longer!
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