Ndovu (Aminex's nominated joint operator of KNDL together with the Tanzanian Petroleum Development Corporation) is in advanced negotiations for a gas sales agreement with the Tanzanian authorities and these negotiations are expected to be satisfactorily concluded in the near future. Solo notes that the Tanzanian authorities have recently reached agreement with another operator in the region.
Hey buddy - just a quick question (p.s I'm heaverly invested) The sales agreement, who's it between? I havent got any time in the next few weeks to read up on anything so if you could just paste any info I can take a look at some point
Now with HH out of the way which many was waiting for , Dont blame them it was risky during the HH drill now risk free its all positive news to be released starting from increasing stake in the kilwani gas field followed by gas sales agreement both due any day now
Yep i'm still in KEA gona ride it out was my biggest holding.. did have enough confidence in P3.. but oil is always a risk as is Gas but Ruvama basin is on another level and believe chinese/indians will want a big stake or as people have mentioned BP are in the region is well.. so this could light up at anytime and defo worth a go at the price i paid today.. this touched over 1p only couple of weeks ago.. seems like the MM's are trading this side ways currently before the lift off!!..
Felchesmi Mramba, managing director of state-owned Tanzania Electric Supply Company (TANESCO), said, “At present, natural gas accounts for between 40-45 per cent of power generation in the country, but the rate will increase to about 80 per cent when the projects are completed.”
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