Member Info for blackgold00

Yes, things are feeling a lot more solid now and I'm feeling a lot more relaxed to enjoy the weekend, gaslady, have yourself a lovely weekend as well.

I really couldn't give a monkey , whether Malcy does or whether Malcy doesn't. Bucket list, lol, the only bucket you need to think about is the one you kick. : )

Yes thanks haggis, good find, you get the feeling that the Ntorya project is moving fast, with the TPDC now having the pipeline on the planning board and with ARAs intention of (first gas) being supplied initialy from CH-1 and the NT-1/2. Yes it's been a long time coming, but it's coming now. : )

not spinning just saying as it is

yes could be, all the other 3 wells were spud end of Dec beginning of Jan, i really dont think it maters to much now.

" Erhan Saygi explained their expectations as a company is to produce gas in the wells of Ntorya 1, Ntorya 2 and Chikumbi 1 "
"Erhan also explained that their expectation is to produce 60 million cubic feet per call (60mmscfd) to begin with and the production will continue as the demand for gas will be"

yes CP, my thinking as well, and the way the sp has come back after the initial drop from the RNS this morning, i believe the market is now coming to the same conclusion, that Ntorya is a major world class asset. : )

I think Mr Santos is getting quite bullish : )

"We are delighted that there is so much interest in Ruvuma, which we consider a world-class asset. Moreover, the growing interest in Ruvuma signals the importance of the development of this major asset to Tanzania"

 
( this extremely important project )
"the Operator and the Tanzanian authorities to work constructively together to advance this extremely important project for the Tanzanian energy sector"

on 5 September, the first drawdown of the loan facility of $1.614 million to cover the cash calls will be paid, though after that further cash calls to for the 3D completion and interpretation, and now maybe the CH-1 SPUD.

Scirocco has now entered into binding agreements with APT which, inter-alia, provides access to cash call cover through the previously announced loan facility and 1st drawdown notice for $1.614 million which is expected to be paid by or on 5 September 2022.

"The Company will work with APT to complete the disposal by 31 December 2022, "

"I wonder how much of the first $3 Million has already gone in fees etc, which have only grown since SCIR BOD said they were seeking legal counsel in Tanz? Maybe half?"

yes CP, i wonder, plus, as i understand it, the US$3 million doesn't get paid untill end of Dec ?
o "Initial consideration of US$3 million payable on completion of the Proposed Transaction;"

trouble is, can you trust ths management

Yes, good news, 3D news to follow

i think we can expect new soon re the 3D

yes me too very happy with that

"Told you that 750000 looked like a Buy ! :-)"

explain kind sir

1.19 paid

hopefully that will set the direction, up please : )

thats more like it, 1.3m buy @ 1.15

1.12 to sell