The position has changed significantly with cutbacks in drilling programs worldwide. Tanzania is not immune and I would expect in the circumstances they would be prepared to extend licence conditions for Ruvuma if Jay made a request. However there is still time for us to execute our drilling program and Rig Operators will be biting our hands off to get a contract, at competitive rates, possibly a slice of the action, as this appears to be Jays favoured payment option. Given AEX will be producing and selling gas shortly we are in a very favourable position.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.