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Geo doesnt care about factual information.
https://www.ippmedia.com/en/news/tpdc-gas-explorer-refinery-logistics-talks
Was a private person until June. Been owner for about a year.
damojarl: "Lack of energy"? What do you mean?
Its the board decision to focus on Tanzania.
https://www.ippmedia.com/en/news/natural-gas-power-plant-tanesco-adds-45mw
First turbine on fire from June 10th!
https://www.linkedin.com/posts/csienergygroup_kinyerezi-1-power-plant-extension-project-activity-6943060982923440128-8PP_?utm_source=linkedin_share&utm_medium=member_desktop_web
From Investor Meeting 13.6.
https://www.youtube.com/watch?v=7OnxBDSjCAo
They want more gas from Mnazi Bay. Easy, sign a new PSA and M&P will drill!
https://www.thecitizen.co.tz/tanzania/news/why-tanesco-reassembling-is-necessary-3761092
I thought its still CSI.
70 MW should requre approx. 12 mmscf/d.
Blackgold wrote:
"As i read it the gas field has 5-6 years of strong production with little upside to increase production, plus Mnazi Bay concession has little prospects for new gas discovery, their last (exploration well) outside the Mnazi Bay gas field, was a failure and (pugged and abandoned) and they have not since, (2012), firmed up or brought forward any further prospects/targets for exploration drilling"
From WEN presentation June 2015 page 10:
"Near-term exploration targets
– 6 prospects identified
– 1.5 Tscf (614 Bscf Wentworth’s share) unrisked
P50 Prospective Resources1
– Exploration to be funded through cash flow
– All costs recoverable against existing and
future production within the Concession"
https://www.reuters.com/markets/commodities/eu-drafts-plan-label-gas-nuclear-investments-green-2022-01-01/
Mnazi Bay gas should qualify for these demands. Might be more interesting for professional investors with a ESG focus?
Jan 1 (Reuters) - The European Union has drawn up plans to label some natural gas and nuclear energy projects as "green"
investments after a year-long battle between governments over which investments are truly climate-friendly.
The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU "sustainable finance taxonomy".
This is a list of economic activities and the environmental criteria they must meet to be labelled as green investments.
By restricting the "green" label to truly climate-friendly projects, the system aims to make those investments more attractive to private capital, and stop "greenwashing", where companies or investors overstate their eco-friendly credentials.
Brussels has also made moves to apply the system to some EU funding, meaning the rules could decide which projects are eligible for certain public finance.
A draft of the Commission's proposal, seen by Reuters, would label nuclear power plant investments as green if the project has a plan, funds and a site to safely dispose of radioactive waste. To be deemed green, new nuclear plants must receive construction permits before 2045.
Investments in natural gas power plants would also be deemed green if they produce emissions below 270g of CO2 equivalent per kilowatt hour (kWh), replace a more polluting fossil fuel plant, receive a construction permit by Dec. 31 2030 and plan to switch to low-carbon gases by the end of 2035.
I see now that the RNS for FIL Invest is just formalities due to cancel of 8,5 million shares. Good.
FIL Invest crosses 10%. Is ut simply out og oil and gas, or do they know stuff we don't?
There is several very interesting prospects at Mnazi Bay, with gross un-risked Pmean GIIP ~1.5 Tcf.
However, no further exploration will be done before a new PSA for ten more years is signed with the government. WEN holds a 39.925 per cent exploration interest.
More about interesting prospects at Mnazi Bay:
https://wp-wentworth-2020.s3.eu-west-2.amazonaws.com/media/2020/11/19100618/2019-10-03-TZOG-final.pdf
I think you mix it up a little bit, Bjørn. This is not the Arsenal og LIverpool supporters chat forum..
Investors from hell? Well, To speak for my self, I have been owner of Wenworth since november 2014. The SP back then (in todays currency rate) was 42 pence. Please explain carefully if I am to blaim why the SP today is half of it.
You have been an owner since 2018, and I don't have to tell more about the stupid reason you got into it. Every Norwegian WEN-owner, and so do Mick.
Rumours saus AXA pulled out because of Micks negative approach om this board.
Axa is out.