@oilinvestorlanc's excellent long summary/ worth a quick recap on anticipated newsflow as he saw it in his post. I think only 7 has actually happened so far? Though 6 sounds close to being finalised?
1. signing of the GSA in Tanzania and first gas from Killiwani 2. Confirmation of drilling plans in Tanzania - likely 2 wells in February/March 3. final results from extended well test from Moambe 4. Results of testing from Zingana 5. Submission of EEA development proposal for Bomono (nowish) 6. Signing of offtake agreements with Actis etc. 7. Details of forward plan for Bomono 8. Tanzania results from wells (should be relatively quick wells)
Take a look at peer group eg,Rose,NCT,Northern pEtroleum, Hurricane, etc A vicious bear market in oil caused by Saudi going it alone from OPEC and forcing the price down to bankrupt Russia, Venezuela and fracking companies in USA. Look at North Sea where revenues have sunk like a stone which would have caused difficulties form SNP had they gone independent. The oil price is no longer viable for many producers.
amazingly some people continue to stalk me to accuse different things its a shame the ignorant cannot read properly........there is a difference (as any sensible person will tell you) between advising someone to trade and making a statement as to what you are trading. some just need to provoke......they don't even take a day off on xmas eve........a bit like scrooge :-)
ha ha ha the bare face cheek...says the guy that screamed xel would never get to 30p ,bought in @ 29.5p to watch it plummet to 15p then called that the bottom to watch it bounce to 13.88p ...yes listen to the scribe called Martha Mr Know sod all!
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