Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
For all those concerned about the absence of the licence, it would be a bit odd for the Tanzanian government to confirm they're shelling out millions on a 35km pipeline to the very place the licence is required for commencement of gas extraction, only to then not issue the licence! We all just need a bit of patience here, and allow it time to make its way through whatever bureaucratic processes are involved in their system...
GLA!! :-)
Just wondering what happens about the Ruvuma payments still due to SCR over the coming months and years...?
Just done a (very!) rough calculation using a latest $ retail price I've just found online of 63.05 cents per therm for LNG:
16.38Tcf, if my calculations are correct, appears to equate to approx. $102 billion... !! (Usual disclaimers apply... :-) )
Well I'm no expert, but I'd say there was a modicum of good news in this particular RNS...
GLA!! :-)
This particular news story today from Reuters might be bad news for Anglo American, but could increase market share for UFO...
https://www.reuters.com/markets/commodities/anglos-safrican-iron-ore-unit-cuts-production-rail-woes-persist-2023-12-08/
Hi cperkin - SCIR's website states they still hold 1.59% of HE1 (not 1.2% - my mistake). I know they used to hold over 4% and have sold a few, but I don't recall seeing any statement confirming they had sold their entire holding... (though I may have missed it!)
Good to see this divestment has completed at long last! It's good news for AEX and ARA too, as it frees them up to progress Ruvuma...
And not forgetting, SCIR still own 1.2% of HE1, so good news all round for SCIR this morning...! :-)
GLA...!!
Just for the record, this new address appears to be the top floor of the Allianz building next door-but-one to the "Walkie Talkie" in the very heart of the City of London. Looks like these guys intend to be taken seriously, which augurs well for us shareholders IMHO...! :-)
GLA!!
Apologies, try:
https://youtu.be/xQKniFvvNc8
I think/hope this is good news, though am still trying to get my head around yesterday's news regarding the creation of 'deferred' shares...
from the photo in the tweet they've just put out it appears this miscellaneous licence specifically guarantees them the land for the access roads to connect han**** to the great northern highway, so it really is an important milestone for them!
gla...!! :-)
some sizeable buys in the few transactions so far this morning. some imminent good news incoming i wonder...?
surely too the native title negotiations for han**** are at a fairly mature stage? can't believe ioca would have awarded those recent service contracts to regroup and rapid ltd if they had reason to be pessimistic about this process...
gla!! :-)