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I've been giving the Rio Grande a wide berth ever since the Plonker started building his silly wall. I'm self-isolating on my yacht in the Med. Just left Monaco, heading for Cannes tonight. San Tropez next week...
On 23 April 2020, Tullow announced that it had agreed the sale of its assets in Uganda to Total and that CNOOC had rights of pre-emption to acquire 50% of these assets on the same terms and conditions as Total. CNOOC has now informed Tullow and Total that it has elected not to exercise its pre-emption rights. Accordingly, there are no changes to the previously announced transaction or timeline and Tullow continues to expect the transaction to complete in the second half of 2020.
Rojo !!! Family (Tick) Happiness (Tick) Money (No) Weight (in Progress) regarding stocks I done very well touch wood but I watched alot of my picks go by the wayside but nice to picked them, I note I doing ok on AA and posted on Twitter before it went up SO YES mostly but I never said I was perfect and learning everyday, I put a lot of faith in AEX & Solo so hoping my judgement is correct, but I will say although the interview didn`t go down too well it nice to know there is a honest bloke at the helm and is rare in Oil & Gas Industry and let see if he delivers and despite what people think about me I want the best for everyone invested here both in money/health & life :o)
Excellent news for the Uganda-Tanzania Crude Oil pipeline project (EACOP) from Hoima-Tanga. CNOOC Uganda has informed @TullowOilplc and @Total that it will not pre-empt the sale of Tullow’s assets in Uganda to Total
Average age in Tanzania is 17.5 years and 40% of the population are rural, not prime Covid ground it seems, regardless the Gov has been taking a kicking of late ref O&G and not before time, even a professor at Dara Uni put his name to a publication last October that was less than complementary as posted at the time.
"The African Nation That Can’t Get Its Energy Industry Off The Ground"
Dunderhead I`m not boasting and never have but I believe the SP will be at least 3p on the drill but where this goes in the lead-up to it is down to people wanting to invest or not in the upcoming project but (I HOPE) we move higher as it too cheap where we are at the moment GLA !!!
My credibility is I invested 18k here and 11k in Solo, thats all people need to know and I will of course trade the shares as I have no emotions anymore in a stock where in 2017-2018 I was wet behind the ears and still am in some respects. I really really respect some investors here just want to wait and get the BIG PRIZE (Drill) but I love to trade now and can`t be bothered to wait whilst a share is like a tide coming in and out, I always try to put what I think about a share and 1.20-1.40 is unreasonable and was looking good until that interview but now knowing the true facts I`m comfortable to be invested here but Solo I`m concerned with no update there since 2/3 but remain confident that the board will deliver !!!
Yes we do have "agendas" Frank , we have already established that; you will say anything at all if it puts money in your own pocket and I will say it how I see it irrespective of my own short term benefit.... you may remember my saying, only this morning, that I thought the sp would rise above 1p fairly soon; are you now insinuating that I am trying to get a lower entry price?! Laughable.
So your "contacts" Frank? Are you prepared to divulge who or what these contacts are? Or would that prove how meaningless they are? And don't try telling me that you cannot divulge their identity because you promised "confidentiality" - you already have a track record on that one, so that won't hold water.
"the Government needs to get the Oil & Gas business going now esp after the Tanzanian economy been shattered by Covid..." So where is the evidence for this? Can you even provide any evidence that their economy has been shattered by Covid? see the URL below.
All reports suggest that, so far at least, most Aftrican countries have been largely unaffected by Covid. And it could be said that the Tanzanian Govt has needed the Oil and Gas business (they have NO Oil business by the way) to get going at any time over the last 5 plus years but that has made not the slightest bit of difference to the urgency of their actions..
You may well be right Frank but you need to provide some substantiation for those assertions if they are to have any credibility at all - and so far the only thing that you have come up with is that you are relying on totally unsubstantiated "contacts"... LOL!
So I am sorry Frank, but even though we know that you will try anything for a "ramp" - this effort is more than just a bit pathetic.
CrustyPete the Government needs to get the Oil & Gas business going now esp after the Tanzanian economy been shattered by Covid, I firmly believe they are more amicable than ever before and why things are going to move along nicely here on the SP and they too read articles and aware of perception, my conversations over the past weeks with contacts suggest more positive than you but of course Crusty we all have agendas don`t we ;o)
So what is any different today than has been the case for the last 2 years....? They have done feck all to "keep all parties happy" during that period. They could have had the Farm-Out at any time they liked during the last 2 years - they only had to grant the license extension.
And in any case the share price is NOT going to rise on the basis that the Tanzanian Govt might want "to keep all parties happy" whether you think so or not.
maybe now they paid there CGT they might get some/all of there outstanding monies owed back, we just don`t know whats going on in the background as boxes are now getting ticked, after all many millions are now being invested once the Farm-out is signed off so the Government want to keep all parties happy now no doubt GLA !!!
Indeed it was John just over 2p after first rising to 3.5p. And, at that time, we were in far better a financial position than we find ourselves today.... with two years of overheads down the drain, a "new" $2.2 million CGT bill and another possible $2.2 million tax bill from 2013 -2015 to pay.
I do expect to see rise and stay above 1p but not because of, nor reliant on the Farm-Out.
John2015 my prediction is 1.20-1.40 or (or more)on news of Farm-out and if the my conversations are true it going to be drilled before 2021 (subject to Covid of course) people won`t want to miss this opportunity, so if some think it going to be 2-3-4p+ people will need to position themselves soon as it is bargain at these levels but of course (DYOR) !!!