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That's a weird bit of FUD to post on a Monday morning when all the global index futures are showing green.

Past 7 days +23%

past 300 days +100%

past 450 days +300%

pick your timescale, get whatever results you want?

The problem is that when abusive offenders get removed then any threads they started also disappear altogether (as well as any isolated comments they made on threads started by others). Perhaps a good argument for a starting a new thread if you have something interesting to add.

Although it can be often petty and unpleasant on these boards I suspect the comments were probably directed at the now deleted daily troll comments rather than at yourself, have a good day

It wouldn’t be his first time. He was very nearly assassinated under Magufuli, went into exile, came back for the next election and left again when he lost.

Things have been easier under Samia for the opposition but it always gets contested around election time. Unlikely to affect foreign companies directly.

No one knows, pending the framework agreement. The government will have a mandatory minimum of 16% equity, which they can increase up to a maximum of 50%, but only in relation to the level of their investment in public support for the project (e.g. by building road links to the highway out there, or local power generation, or water management, etc.). In practice of course, they do hold the whip hand but the project has to remain profitable or there's no point. I don't think it's likely they will stake as much as that, but other investors may need a slice too. I'd hope that HE1 retains a controlling share with an interest in at least half the profits (as they do in Colorado).

You can see the four new well pads on the satellite imagery, with Jackson 27 preparing for the rig move

https://imgur.com/a/awRfOGB

Jackson 27 pad under construction to receive the rig, then on to Jackson 2. That’ll be the five permitted drills done, plus State 16 to make 6 ready for production. Then we find out if they’re on budget/target for a sixth drill up at State 9 (which is on the approved development plan but doesn’t yet have a Form 2 drill permit, so they’d need to apply for that at least 2 weeks ahead I think?).

Oops, we had J4 testing so just 29 pending.

Great progress in Colorado with four production wells now drilled and flowing free gas to surface without a hitch. Jackson 27 up next, with test results due for J4 and J29. On track and on budget by the looks of things. Great work 👏

Due to the largely unsecured nature of loan financing mining projects in TZ, it's unlikely there would be any kind of major funding partner agreement in place without some kind of independent validation, and likely backed by a prospective off taker guarantor. It would be surprising if there wasn't a CPR involved, although technically they can put in place an initial framework to establish the SPV in partnership with the government, prior to the bulk of financing. It's the SPV that will apply for bank finance anyway, not HE1, and the financing agreement should be a schedule to the framework agreement.

I could definitely imagine HE1 posting net income of maybe tens of millions a year, over time, with say 50+ wells operating across Colorado and Rukwa, but I'd be amazed if they didn't reinvest that in growing the company through further project development and acquisitions. I can't imagine a scenario in which they'd be posting hundreds of millions, let alone hundreds of millions in free surplus cash.

BP's annual revenue is nearly $200bn with a profit of $66bn, of which less than 2% paid out in dividends. HE1 would need to have a free 'surplus' of at least $750m (after working capital, reinvestment, loan repayments, new acquisitions etc) to pay anything like even a 1p dividend on 6bn shares! Considering a gross revenue of maybe $1m a year per well, before costs, that would be an insane number.

“ The number of shares in issue does not not affect whether or not a dividend would be paid, just the amount per share.”

Sure, but do the maths. What’s a minimum meaningful dividend per share and how much recurrent surplus profit would be needed to pay that, after reinvestment and debt repayments?

There’s a plan for initial short term revenue but with plans for reinvestment and potentially for expansion through further acquisitions. It would be a long time before you could imagine the kind of stable surplus that would merit any kind of dividend. Certainly not while there’s 6bn shares in issue.

But should be given the weather today

Might be a bit later than Thursday as ops were suspended Friday and over the weekend so hard to know if they’ve started up again by now.

When offenders are removed any threads they may have started are disappear

Seems a poorly informed or AI generated article. In the first line they’ve conflated the Jackson 4 initial well flow results with the project as a whole. J4 is the lowest helium and highest CO2 concentration, and not representative of the field.

"that is not what I expect on blue chip companies..."

Seriously? You seem to be on the wrong discussion board. AIM exploration shares are about as far from 'blue chip' companies as you can get.