Member Info for blackgold00

might be wrong, but if that was a sale, and given the size it didn't push the price down, but instead the price now has gone up, would indicate some big buyers behind the scene ??

yes quite possibly, i fancy there were some hefty buys a few days prior to the TPDCs twitting of the PSA signing ceremony, someone with their ear close to the ground ??

4 and a half mill just now and 2 and a half about 10.30

But maybe his friends or partner does

yes, back to back

could be a bit more info here, but official it is.
https://tpdc.co.tz/
"Minister Makamba Gives Instructions To TPDC And PURA
Minister of Energy Hon. January Makamba, has commissioned the Petroleum Development Corporation
Tanzania (TPDC) together with the Petroleum Upstream Regulatory Authority (PURA),
to ensure the gas extraction project in the Ruvuma block located in Mtwara Region
you are done on time.
Hon. Makamba said this today on 25/11/2022 in Dar es Salaam when
half of the signing of the Production and Revenue Sharing Supplemental Agreement (PSA)
Ruvuma-Mtwara block between the Ministry of Energy, TPDC, ARA Company
Petroleum and Ivory Resources Company.
The Government's mission is to see that the project is completed within 12 to 18 months and
we do not expect to hear that the project is delayed due to financial challenges. Project
If this is completed, it will be the first gas project that will benefit the nation
various fields including the Government to get Royalty (12.5%), to get tax, Government
to get income dividends from the sale of gas as well as employment for the citizens of
Lindi and Mtwara regions" said the Hon. Strings
On his part, the Executive Director of the Tanzania Petroleum Development Corporation
(TPDC) Dr. James Mataragio has said that the research and discovery of gas has already been done by
What is happening right now is the start of the construction of the gas pipeline from the area
Ntorya to Madimba and after the completion of the construction gas production
you will start.
Dr. Mataragio has said that the investment is worth US dollars
500 million is expected to produce approximately 1.6 trillion cubic feet which is the amount of
gas discovered in the area and make it clear that its implementation will help
raising the bar with more investors.
And the Director General of ARA Petroleum (Tanzania) Ndg. Erhan Saygi
He thanked the Government of Tanzania especially the Village Government Leaders for cooperation
who showed it and added that the completion of the project will shape the improvement of
infrastructure and increase employment to increase the output of the people and the Nation as a whole.
The event was attended by various Leaders including the Regional Head of Lindi Ms.
Zainab Telack, Regional Head of Mtwara Colonel Ahmed Abbas Ahmed with
Members of Parliament for Lindi and Mtwara Regions."

try this

https://www.pura.go.tz/news/3d-seismic-data-acquisition-in-ruvuma-block-completed

future earnings

i dont think so, i believe AEX past costs/expenditures are recoverd from tax payable from the earnings ??

if this is right, it also means AEX share of costs also gets reduced by 3.75%, in effect increasing the free carry.

oh yes, of course, most definitely

pro rata

yes 3.75% would take AEX holding to 21.25%

and if so, does it then also mean that AEX 25% holding gets reduced by 15% taking it to 21.25% ??

"Tanzania Petroleum Development Corporation’s (TPDC) national oil company holds 15 percent participating interest."

i know they had the right to back-in, so does this mean that they have ??

yes, we need the solid news, gas price etc.

yea, it will be interesting to see what happens monday, news re PSA gas agreement ? share price ?

yes all systems go, the Tanzanian Gonernment desperately need Ntorya gas

"Things have changed for the Mtwara gas project, Minister Makamba gives these instructions to TPDC"

"The Minister of Energy, January Makamba, has asked the National Petroleum Development Corporation (TPDC) and the ARA petroleum company to ensure that the Ruvuma block gas extraction project in Mtwara region is completed on time."

Great news RoJo, just what we've been waiting for : )

Yes, they have for their Kiliwani North development licence.