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Https://www.pura.go.tz/index.php/news/tpdc-doubles-its-stake-in-the-mnazi-bay-block
As per mnazi bay...
Now that would require a signing ceremony
Agreed, and I don't think they have the cash to inject, so we could second guess part of the reason for negotiations taking so long was to take account of how this might be handled
"Tanzania and Uganda Ink Historic Gas Pipeline Deal"
November 13, 2023
Tanzania and Uganda signed a bilateral agreement on Thursday that pledges to build a natural gas pipeline in a ground-breaking and spice-infused gesture.
This pipeline has the potential to catapult both countries into an age of extraordinary energy security and economic prosperity.
As the deal was being signed, Biteko said, “This project will not only skyrocket the demand for natural gas, but it will also breathe vitality into Tanzania’s Lindi and Mtwara regions, transforming them into powerhouses of energy production.”
https://infrastructure.go.ug/tanzania-and-uganda-ink-historic-gas-pipeline-deal/
"Speaking at the signing ceremony, Mr. Biteko emphasized that the project will increase the demand for natural gas in Tanzania as well as gas production in the Lindi and Mtwara regions of the country."
https://en.sputniknews.africa/20231110/tanzania-uganda-sign-agreement-to-construct-natural-gas-pipeline-1063448396.html
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Ntorya is in Mtwara.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
"the Ntorya Gas Field, located in Mtwara Province, Tanzania."
https://arapetroleum.com/gas-sales-agreement-for-the-ntorya-gas-field/
Lump of cash coming in from the back-in - highly unlikely if you are to believe the BoD. Contributions to past and future costs likely to come from TPDC's share of future income streams. So cash in future but not likely in the short term.
Ecologist,
They don't have any verifiable info, it's all utter drivel made up in their twisted mind to try and 1) wind up shareholders 2) bash the stock, that is it, there is nothing material in anything they post, never has been and never will be.
Back in would mean a big lump of cash coming to AEX soon.
FOMO Friday anyone?
1 hour to the bell
FOMO Friday 😊
Aim for the stars and be happy with the moon 🌛
Yep, as I suggested - that would be a good outcome.
It needs more I grant you but a few decent buys may see the sp to 1.15 where it closed last night
But with only 2 -3 trades in the last 2 hours RJ. Volume is what we need RJ, isolated trades at whatever price are of little consequence and indicative of very little. Executed more for effect or opportunism than for substance by and large.
Close last night was 1.20. Actually last trade was 1.229
Current last trade is 1.20 paid. We will see. If does start to go up no doubt the little bogey men with jump out with there 10pence sells.
Good find Edgar, it seems after the talking they are now moving forward with the planning and feasibility study stage.
We will need a massive increase in volumes to achieve that RJ methinks. I would like to think it possible but it is a bit of stretch... 1.15p bid close though I expect.
Blue day?
around the corner maybe
Blue Day coming cp
I might agree with that if they actually offered anything other than personal attacks.
You can reason and debate with people holding different views.
Trolls are different entirely
Yes, and I wonder where the gas is going to come from to fill that pipeline 🙂
Https://x.com/memd_uganda/status/1783846124018675809?s=61&t=qBcoKadtpeaziPRqZIXyxg
Bring on the 25 year development licence, we have all seen the EVIDENCE presented. Not seen any evidence to support the somewhat pathetic counter arguments.
Have a great weekend all!
It's not only this board that has a resident doomsayer, almost all have. And, just sometimes, their vitriol has roots in reality (even insider knowledge) so I don't write off everything that is spouted simply because it does not fit with my anticipations.
I remember only too well a certain MisterX on a Tullow board. He was less amusing than our resident hero but also managed to get on everyone's nerves. But when Tullow eventually crashed big time, we all wished we had listened to him a little more carefully.
Cassandras can sometimes be right but they would help their case if a little verifiable info was forthcoming.
"Shut up Tom"... oh, the irony! Lol.
Now Rojo, that is amusing ;0)
It might only be my perverse way of looking at things BUT, if the TPDC had ALREADY exercised their back-in rights of whatever that might be , surely to goodness that would justify an RNS - to suggest that such a move would not be price sensitive is surely ridiculous...?
Maybe in the same way that the recent "announcements" by the Govt and other bodies have evidently been indications of soon to be executed events, this might be too? Though surely this would have happened as part of the GSA or an amendment to the previous PSA?
Anyway, no point speculating and I know the BD have long been expecting the back-in rights to be executed but, yet again this seems to be another case of the "cart before the horse" or otherwise, appalling communications.
I've now put you, bojo and the rest of your crew on my filter list as I no longer wish to have my eyes polluted with utter garbage and nonsense.