Thanks, hope you don't make same assumptions when buying shares. Your danger is because you are so heavily invested in solo you only now seem to want to look for positives even when you need to step back and stay objective. When was the last time you said something negative about solo. I can only take your word you have these 100 million solo shares. I respect your views, just keep it objective pal.
At a guess, all the ones showing today are Pi’s buys, unless any one on here knows different. Then on Monday there will be another delayed sell for Friday for the total amount EIP has sold this week, followed by a RNS. I haven’t been keeping tally, but I suspect it will be heading towards 100m shares reducing their holding to somewhere just over 10%, depending what else happens today. Mind you, this is just a guess work and difficult to predict with buys reported as sells!
I have said before that, in my view, booking of reserves is likely to occur post a COD but have been told by many here on this BB that, in fact, booking of reserves could occur now - we have estimated reserves and we have a fixed price; that should be enough....
The COD though, we have been told, will be at the "optimal flow rate" and until this is confirmed do we know what precentage of the estimated reserves will ultimately be extracted....? Hence the COD dependency in my view.
That may well be true CP, but that simply hides from us Pi's what is going on , we have no idea how much gas is currently being taken from the well head and thus we are unable to book reserves and we will not know until the COD @ GSA rates is initiated or we get an end of year fiscal report . A sliding scale up to the 25 to 30 mcfd might have been better and reserves booked as we go.
perhaps my comment on the Tanzanians waiting for gas as a result is wrong, just wish they would get on with it though
That is not quite true cperkin. It is probably right to assume that with a TOP the TPDC are not likely to agree to a COD before they have consistent demand for the agreed flow rate but there is no reason why they could not be taking that same rate without the COD is in place - without the COD no TOP...
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