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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??
Https://energycapitalpower.com/tanzania-lng-gas-prospects-iae-2024/
Https://www.newvision.co.ug/category/news/uganda-tanzania-officials-discuss-energy-mini-NV_186856
Https://dailynews.co.tz/csr-natural-gas-boosts-social-economic-development-in-songosongo/
Yes it's many years away but if they can't reach an agreement which they seemingly can't then it will be 20 years away not 10 ....my point here is the government are holding both projects up for the same reason...greed.There is no compelling argument to why it takes 5 years to issue a dev licence...none
I am guessing we are facing the same issue as Shell etc are with their LNG ....greed is the major issue here...the government wants to keep changing the rules of engagement.I have said this before...we will not get our development licence until the LNG partners either get their licence or simply walk away.... couldn't blame them really....it's a joke shop at this stage ....a new president a new damn ....I'm not seeing it.
Https://www.bloomberg.com/news/articles/2024-02-28/tanzania-lng-slows-as-state-delays-on-signing-agreement-with-equinor-shell
Says it all really .... this government needs to pull the finger out