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12 months; 12 years; 12 decades.....?
"Currently the team is looking at financial and economic modeling used in PSAs to determine the best for the country". If it has taken a year to review 11 contracts, how long do we think it will take them to determine the model they want, then to negotiate with companies? If we need a PSA agreed to sit alongside the licence, it might not be as quick as we might hope.
Another 12 months to wait with this bunch of jokers
Thanks very much
https://habarileo.co.tz/habari/2019-05-305cef8647f10c8.aspx#
Mike - according to this reviews completed.. Guess report to energy ministry to follow.. Hopefully not too long now..
Thanks for coming back BG
Where are they currently up to with PSA reviews
Have they started?
Is there a timeframe?
Small companies could go out of business Simply waiting
Mike007 "One more question Is this conference in October any more significant in the whole scheme of things than the one they held last year?
yes, I think so, over the years Tanzania has been moving to position themselves, to take advantage of the substantial gas resource that has been discovered over resent years, pipeline, processing plants, infrastructure etc, so as the whole industry grows as each year passes so the conference must become more significant. plus I would say the PSA review will be designed to take the industry and exploration forward.
Of course they will be going they have a great relationship with the authorities in Tanzania.
Any of our Bod going?
No all talk no action
No all talk no action
Thanks all
One more question Is this conference in October any more significant in the whole scheme of things than the one they held last year?
Thanks
“We believe that this Conference has come at the right time as we need more dedicated investors to join in with the government plans.”
Hon. Dr. Medard Kalemani
Minister of Energy
United Republic of Tanzania
well i'm with cperkin and think we'll be getting the PSA extension news etc, by end of Sept, because what i'm thinking, if the (PSA review) was not completed by then, it would cast a big cloud of uncertainty over the upcoming Oct 2nd and 3rd (Tanzania Oil & Gas Congress) and would have an effect of deterring investors rather than encourage oil/gas investment into Tanzania.
https://www.cwctog.com/
"Following the huge success of 2018, the 3rd Tanzania Oil & Gas Congress will be returning 2 – 3 October in Dar es Salaam, with the full support of the Ministry of Energy, TPDC and all key government bodies. This year, the Congress will focus on exciting investment opportunities, strategies to boost industrialisation and new oil and gas projects in the region."
Mike007 - personally I think it's too difficult to say with any degree of certainty. The agreement has already been (long!) overdue so I'm taking a more pessimistic view. The SP has been clobbered as a result of the delays and so I think the current rise is more a tease than anything else. My stance is expect further drops if the agreement continues to be delayed but expect one hell of a bounce if and when the agreement is completed.
Would like to know if others agree?
Confluence of events. A jigsaw is the sum of its parts.
Do people expect the licence extension and transfer of ownership to be done soon
At the moment the market appears to think so but that isn’t exactly what’s in the last rns
Thoughts appreciated
then, 1.5p the stop after :)