Very happy with this today. All systems go. Highlight for me was the talk of Ntorya 1 being put into production. True forward planning going on here. Although the GSA has held Jay up a bit, he's certainly not sat on his hands :-)
Hope that clears debt issue up for anyone that was concerned. As suggested the $3.3m from Solo has come off the debt already with the next $3.3m to do the same. Add in Moldova sale, US contact plus Kiliwani production and we are in the money :-)
A very good interim report with a clear direction where we are headed. More detail now of why the GSA is being delayed, this infers that it is one of the joint partners that has not yet fulfilled their requirements.
"A Gas Sales Agreement ("GSA") is effectively complete but awaiting the finalisation of payment protection clauses and guarantees prior to final signature by all Joint Venture partners."
As suspected it's going to be an increased flow between 20 - 30 . That's a 50% increase to suspected income. This well can produce 40 so 30 is very reasonable for stable production . That could increase income to $22.5m per year. Turn up the taps chaps :-)
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