It seems every time we get news the share price takes a dive,what is this all about? So let's tell the world we have water and air,not oil and gas,so the share price can go up to £1 and we can all sell up and join gaslady in france.Mouse
Our JV partner Bounty has 10% in Kiliwani and 5% in Nyuni. Pages 13 & 14 particularly interesting to us - mentions 2 leads from adjacent permit Viazi & Balungi to be evaluated with 3D seismic survey - nice pictures, figures mentioned - worth a look!
DL released that we were to drill 2 wells in 2015 in the Ruvuma basin. These wells were to appraise the Ntorya discovery. It looks more likely that we will drill alone with Solo as this "channel fairway" becomes so prolific with in our Ruvuma block. This group of reservoirs is quickly becoming the centre stage for this world class asset. Keeping hold of our 75% would be great and provide us with a huge slice of this amazing asset. No farm down required.
"While priority is being given to the Ntorya and Likonde areas which will be the catalyst for a new drilling campaign."
Sorry Andy, I haven't looked in on TXO for a long time. It doesn't fit my investment criteria so it got scratched. I wish you all the best though. A quick look at its MC shows its valued at just over £1m so you should be ok . I haven't got time at the moment to study their financial position and assets though.
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