Member Info for blackgold00

yes, nearly 2 years ago, lets hope this is it now, its in every ones interest to get it done, the PSA licence, farm-out, development licence, and its will wine win for all.

thanks edgar, yes we best keep an eye on mr Emmanuel Tayari

black swans flying overhead ?

yes Drewky will certainly get a big hat tip from me if news comes out in a week or so. that Emmanuel Tayari seems an active fellow on twitter re; Tanzania etc. fingers crossed for next week then : )

yes, lets see what happens

http://www.swalaoilandgas.com/documents/Update-on-Operations-and-Discussions-with-Orca.pdf

UPDATE ON OPERATIONS AND DISCUSSIONS WITH ORCA

I have a feeling Orca are making ready incase their psa license is not going to be renewed ?

from todays news
"While Orca is keen to extend the PSA beyond 2026 with a view to continuing to support Tanzania’s economic and industrial development, Orca will only agree to changes to the PSA and commitments to further investment in the field where the Songo Songo licence and PSA are extended on acceptable terms and there is a clear path to monetizing the gas with returns that are superior to other investment opportunities available to the Company."

https://www.assayerisk.com/20180608-tanzania-special-committee-report-oil-and-gas/
‘Loopholes’ in contracts were identified which had denied the government Sh291 billion (US$128 million) of revenue. Pan African Energy Tanzania (PAET), a gas producer, was specifically singled out as having avoided paying Sh136bn in tax (US$60 million)."
It was claimed that Songas, a producer of electricity, and PAET had been collaborating to shift their burden of operations to the Tanzania Petroleum Development Company (TPDC) and Tanzania Electricity Supply Company (TANESCO)."

"The Committee specifically proposed that the government does not renew its power production and gas drilling contracts with Songas due to losses that have been incurred in the present ‘unfair deal’: the government – Songas contract is set to expire in 2024."

http://www.saksongroup.com/rig-details/4/2600-HP

He added: “Tanzania has not delayed to invest in natural gas; teams of exploration are still exploring for more areas with natural gas and to those areas discovered with natural gas, we are in talks with investors who are willingly to invest to our country for the benefit of all Tanzanians.”

yes ok, this time then Robbie, ahh, I think I can hear it, yes, a rumble in the jungle.

dunder, BC, Before Christ: ?

lol, I nearly said the same over on ADV : )

are they all sells ?

I suppose once the attorney general office has completed the PSA review, it will have to go before the the Tanzanian Parliament, to be enshrined in law. so are we waiting on the resumption of parliament ?

https://www.parliament.go.tz/news/bunge-laahirishwa-hadi-januari-28-2020

"but why can they not start drilling with that drill"
FROGLEGS, they have not got their license to drill, yet .

the CH-1 site looks like it has been cleaned up. 2020 ? is that the right date of the image fjones

"early bird" ?, yes, but to early for some I think. : )

sooner or later the news has to drop

well i'm pretty sure Magufuli will see the merits of having the PSA review completed and oil/gas exploration restarted before 2020 Election campaigning begins ?

fjones, this might drift slowly on no news, but will be strait back to 1.5 plus on just the whiff of psa news.

hmm, well i'm defiantly not going to say it won't, but I would be surprised if it did, but in saying that, I have to say that I been surprised before by the share price : )