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Agree completely. If a rough timeline has been given - and bearing in mind this timeline was made to look like a stretch - and 3 weeks have gone past without a word from management, it does make you wonder what they think of their shareholders.
Is really like to know when they submitted the prospectus to FCA. I bet it was towards end of March and FCA clock started ticking only after Easter.
In the response to Bratt90, I took the prospectus being submitted to the FCA to have taken place towards the end of the month I.e. March.
Still, Agree with you that it must be FCA related back and forth causing the delay. I do wish they'd all hurry up and things moving though. Hate my money being tied up.
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
In the Natural Gas sub-sector, he said that strict management continues where under the Sixth Phase Government, a license has been issued for the extraction of natural gas in the Ntorya well in Mtwara region while the last license was issued in 2006.
Earl - if you are going to bring in randomly selected statements from the RNS without explaining context, read this line from the same RNS:
The Directors do not believe the current market valuation reflects the underlying strength of the Company's product business, its IP portfolio or the current market opportunity.