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And this from ARa Petroleum website. Obviously published before yesterday's news.
Recently the Gas Sales Agreement was inked between the parties and APT has been told by TPDC that the Development Licence is imminent
So RNS any time now 🤞
According to him, the Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region.
The above from an article published in.... The Guardian on 17th April
https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538
And here's the man himself doing the speech that was reported in the press. I don't speak Swahili but I can see that what he says is in the press reports including the mention of Tanesco. This is obviously the speech (or part of it) where the Ntorya License was mentioned.
https://www.youtube.com/watch?v=0YcOoFVu65E
Hi all, Is it worth reminding folks to take a fresh look at ARA`s website regarding their executive summary of the Tanzania asset! Quite a good read if you ask me.
No denying this either. Proof that the Deputy Prime Minister did open the exhibition, and this is on a government feed. 2nd post down, and the same pictures that are in the press articles.
DR. BITEKO OPENS THE SHOW OF ENERGY WEEK 2024
Deputy Prime Minister and Minister of Energy, Hon. Dr. Doto Mashaka Biteko, has today officially opened the exhibition of Energy Week for 2024, which is taking place at Parliament grounds in Dodoma.
The exhibitions aim at educating MPs on the performance of the energy sector, the implementation of projects and strategies to strengthen that sector, receiving and giving answers to arguments and various issues of MPs in electricity, oil and natural gas services so that they can get returns to the citizens they represent.
https://www.facebook.com/EWURATanzania/?locale=ms_MY
Feeling a bit seasick
I do hope this hasn't been fake news (and you've all been taken in again) !
What's going on guys ?
SP is not exactly heading in the right direction is it ?
More coverage in Times Majira of the mainstream Tanzania press. It's obviously genuine news.
https://timesmajira.co.tz/ahadi-ya-rais-samia-ya-kumaliza-mgao-wa-umeme-nchini-yatimizwa/
More confirmations completed than a Bit coin block transaction.
Pot, kettle and black springs to mind.
Delusional ?
haggismcshaggis/StockCheque is king of the dipstick plonkers.
He's already losing the plot and filtering everyone. Hopefully he'll implode like a wet phart (and soon!)
2 mill buy at 1.10.
And another troll moron filtered.
Why do they think that anyone would believe a word of the garbage they post, they are so delusional.
Buy you say….
2 million buy printed from 8am. Follow the money
Toddle pip old bean 😂
As per expectations ... the trolls arrive.
Another dipstick filtered.
Spot on RJ!!
The Licence approval in Parliament has to go through the Tanzania Government process of BEING ISSUED, to the operator, ARA Petroleum Tanzania, upon which the operator can then advise Aminex that IT HAS RECEIVED THE LICENSE.
Aminex cannot RNS anything until it has been advised by the operator that the License is in in their possession.
We know Tanzania Government processes are slow, so this could take more than a day or two, but the significant posts by Aminex on it's Twitter account indicate they KNOW that it's on it's way, but as I say, they cannon STATE IT AS FACT until it becomes A FACT when ARA take possession of the Licence paperwork.
Yes emptyend, understood and accepted. We can but hope :0)
There will be a process. Host country awareness is normal practice.
I have no idea how far advanced plans are. It may not be impossible to cover off a number of unknowns in one RNS - though I’d agree it is questionable.
I have another holding (PHAR) where there are a number of outstanding, but linked, issues (rig contract, rig availability, well cost, drilling plan, timing…..and partnership/farmout). I’m expecting those all to be resolved in one RNS - and it might be similar here, given that the licence issue will have been known about in advance.
More buys then sells this morning and mms have taken this down.
Any further information re future work programme and timings would of course be good news emptyend but the last we heard ARA had not even signed a rig contract, so to what extent that timing information is currently available is questionable methinks?
I'll believe that when I see it BG.
Good morning emptyend - and will that RNS require the TPDC (or similar) to run their eye over it first?
CP,
I remind you of my comment yesterday. Nothing can be said without being in the possession of written evidence.
And there is the additional question of whether any RNS would contain further info about forward plans, well timings etc.
I don’t know about the latter, but would be interested to see such info.