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Thanks for the link Jungmana.
Seems these guys know exactly what they are doing.
https://youtu.be/H4XWyVXGJB8?si=4DW0TOJS5mLugTMY
https://www.londonstockexchange.com/news-article/HEX/execution-of-drilling-rig-contract/16435145
What you mean this news that the licence is signed and issued ;)
"Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region." https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538
Strong buy on 25 year development licence being issued, it unlocks the door to further drilling, workovers and production.
I wonder how many wells they have on the 25 year development plan, it was around 8 on the original submission I believe.
Yes the Tanz news is reporting that the licence has been signed. If so it's good news for SCIR, release of next monies + production in a major step closer.
Good luck to you all.
Good luck to you all here!
Https://twitter.com/AminexPLC/status/1780512343597736244
https://twitter.com/AminexPLC/status/1780512322559054277
https://twitter.com/AminexPLC/status/1780512252900077900
Deputy Prime Minister and Minister of Energy, Mr. Dr. Doto Biteko welcomes MPs and citizens to the Energy Week to be held at the Parliament Square in Dodoma on 15 April 2024 to 19 April 2024.
He has a post it note on his desk & a pen in his hand.... I think he is going to sign it!
https://twitter.com/Nishati2017/status/1778736262427332692
Thanks tony, contingent resources stuck in the ground (Stranded) are valued at almost £0 till they are moved to P.
I stick to my guns here, grossly over inflated MCAP at this stage of the cycle and with no production.
For example In 2023, EnQuest achieved an average daily production of 43,812 barrels of oil equivalent per day. MCAP £301.76m
Pantheon 505 barrels of oil equivalent per day MCAP£339.45m
Union Jack Oil production exceeds PANR and it's MCAP is £22.38m
Quite frankly PANR is at a ridiculous valuation.