Member Info for blackgold00

going down, looking for stragglers

foolsandcows, roads aren't that bad to get to NT-1/NT-2 and CH-1. new in roads will have to be done for development wells of course, have a look at google maps

https://www.lse.co.uk/rns/AEX/ruvuma-licence-extension-granted-dfdvdbo7dvtru40.html

" through the Ruvuma PSA Joint Venture, is committed to perform the following works during the extension period:"

· Acquire 200 square kilometres (surface coverage) of 3D seismic (min. expenditure of US$7 million)

· Drill the Chikumbi-1 exploration well (min. expenditure of US$15 million)

· Complete the negotiation of the Gas Terms for the Ruvuma PSA with the Tanzania Petroleum Development Corporation

· Using the data gathered from Chikumbi-1 and the seismic acquisition, prepare and submit an application for a Development Licence for the Ntorya Location area.

"It is acknowledged by all parties that the full work programme is unlikely to be completed during this extension period and the Company will therefore apply for an additional extension(s) as necessary and as permissible under the current legislation."

"Why cant you see any hold up with the license, bg?"

it's not like the last time matherdj, the work-program has been all agreed and is designed to get Ntorya into production, there's no need to renegotiate, just a need for the work program to be carried out.

totally disagree oilrich, so thats why the big man (promoting gas for the country) visited Ntorya the other week, so that he can stall the seismic/CH-1 drill and hence the development, by holding back on the PSA license extension. i think it is becoming clear now that it is go go go with the seismic so as to be on target to spud CH-1 start of next year. i can't see there being any hold up with the license being renewed, which the authority's know full well would hinder the project.

but Fantom, that is exactly what our business is as (speculators/investors) to see future valuation's before proven beyond doubt to all and sundry and then hopefully make a a much larger retune on investment.

double your holding, then you'll only need 4p, much more of a chance to achieve

i think i'd sooner have some good old-fashioned illegal insiders that knew something, but then with what's on the horizon the next 9 months 0.40 was bonkers cheap.

so was it Sadaat Umar that kicked off the rise on Thurs

why, to see if you get another chance to buy in cheap again @ 0.40 mather, i have a feeling you missed the boat there. we'll see

visited what site ?

https://www.lse.co.uk/rns/AEX/placing-and-open-offer-j8wbyfixtphj57t.html

1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")

· The Cornerstone investor, Eclipse Investments LLC, wholly-owned by members of the Al Zubair family, who in turn own 100% of The Zubair Corporation LLC

5p ? i don't think so

i would say either beneficial (corporate action) or maybe Nyuni extension with agreed 3Dseismic work program and with maybe hopefully the receivables being paid.

non of the above

nothing to do with seismic/CH-1/M&A then.

now thats just being greedy : )

moving up again ?

looks like maybe maybe, for what ever reason, we've bucked the trend

i don't disagree with that