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Fingers crossed.
Atb,
Northern
Hopefully this Tuesday RNS.
The important political people that need to be at the presentation ceremony are engaged all weekdays in Parliament until end of June, so that only leaves weekends for them to do the ceremony. This weekend is as good as any, and they've had a few weeks to organise the event. Anyone's guess as to which weekend, but Hon. Doto Biteko will want it wrapped up ASAP.
Yes, sorry, probably semantics, what I meant was when they can announce that they have it via an RNS and then consequently that Ara can start setting the drilling location up and commence drilling.
Atb,
Northern
"if they can get the development licence"
They have it, it's been signed of by EVERYONE that needs to sign it off, all they are waiting in is a presentation ceremony, which is not an 'if' its a 'when'. Could be this weekend.
Pray tell....
Hadn't thought about it but the question could be applicable here too!
I would be just over the moon if they can get the development licence and start the drilling - I know I have repeated this a few times but still true!
I must admit there does appear to be more optimism - just wish it could be backed up with some good news in the not too distant π
Atb,
Northern
Wrong place, right time, right line then Northern! π
Oops wrong board - sorry.
Northern
Well Northern, if CH-1 is successful and prove up the (4.5 TCF prospect) the well is testing, ( that's additional to the already proven 3.45 TCF by NT-1 and NT-2 ) , so we will then be talking nearly 8 TCF of gas, that they will then be able to transfer from resource category to reserve.
So yes, after a successful CH-1 drill and test, I think we might all be a bit surprised with the value the market starts to place on Aminex's 25% of the Ntorya discovery at that time.
But of course there is much more to the Ruvuma PSA than just Ntorya. Yes exciting times ahead. π
Hard to tell I guess those numbers aren't out of the question..... maybe higher with right PR and the drill results reflect 3d or better with multi drill and news on pipeline progression and finally money coming in the door.Are we likely to see dividends paid in next number of years as cash flows in??
When firstly the drilling is announced as successful(6-7p) and then if good test results(7-8p) or if really good test results(9-11p)
Or am I being a bit too optimistic there?
Atb,
Northern
I'm not sure I'd want to celebrate in a crusty shard.
Better idea Ufufuo - way back I suggested we had a 'do'' at the Shard. Crusty could buy the place outright !
He would only cheat and bring one of these https://www.pinterest.com/pin/119134352620760394/
You'll have to ramp the SP all the way to 10p for that.
But I'd be delighted if you succeed.
I'd like to see a hat eating party π₯³
I have a huge holding ;-)
Your cellar plan sounds good. 10p party at Crustyβs place I think π
Tuesday? I beg to differ, they will need to get the RNS into the LSE and approved, as it is shut on Monday I would doubt we will see it that soon. Though I would love to be proven wrong - maybe it is already "in" and awaiting publication?
Ufufuo you say "Buy/hold for champagne for life." Blimey must either have a huge holding or like very cheap champagne! ;0)
I cannot bear Champagne - I would rather fill my Cellar with Hermitage, Cote Rotie and CNDP....
Yes RJ, remember that extremely high pressure that was found in Likonde-1, that is what is sitting under this stock, just waiting for something to come along and release it. That might be the licence presentation ceremony, the CH-1 drilling, the pipeline being constructed, first commercial Gas, something will create a big rally IMVHO at some point, something that wakes the rest of the market up to what this company has and causes a significant re-rating.
Of course Rojo, and others hoping for our investments failure !
Email, it us more about the realisation of what we have here. Due to past delays this has gone under the radar and many don't appreciate the size of this field.
Larger than UK reserves must give an indication that this is vastly undervalued as the field development process is due to begin within the next 3 months
As a tea total would happily join you... But what makes you so sure?... I mean in the long time I am sure too, but next week - ? ehm - not really
Couldn't have put it better myself πΎπΎπΎ π
Agreed Roger. Weekend beer money? Buy/hold for champagne for life.