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Nice find Edgar! Question is how big is it? roll on that CPR
Kenneth Mutaonga, of Exploration, Development & Production,
@TPDCTZ
giving updates on their exciting project:
♦ The NTORYA gas development - "As a partner to TANESCO, this is the biggest project we are perusing at the moment"
Yeh gods "A WORLD RENOWNED GEOLOGIST IN CONTROL OF HE1"
Who so far has delivered a crap rig, massive cost over runs, Dusters and a 95% discounted plcaing.
Just for balance.
Fingers crossed for a commercial discovery with traps and seals.
Agreed Chesh and I sincerely hope they finally make that commercial discovery!!! Been following this since Solo now SCIR first bailed Helium-1 out (2018 ish) to complete the initial Grav survey many, many years ago. I still wonder if they would have got a better result if they had drilled the original targets identified by Neil R (who has drilled successful wells in Tanzania)
Psml, that maybe but that does not make a good CEO Buddy, MR 98% discount has set a new world record for the biggest discount on AIM, certainly not one to be trusted with any hard earned wedge.
Maybe if they had an AIM rule where the BOD took a pay cut = to any discounted placement then it would maybe ok, but alas the snouts just feed at the trough regardless.
Looks like all the institutions have off loaded to retail. Need a commercial discovery to move this properly now.
GL holders
CH1 is included in the list
https://www.gasworld.com/story/gas-will-gain-ground-on-oil-in-2024/2132719.article/
I expect most investors like myself are concentrating on the primary multi TCF asset as opposed to a few BCF at Kiliwani. The last CPR gave us 1.9 TCF GiiP and we are due the revised CPR any day now. It was after all the most extensive 3D onshore seismic ever completed in east Africa and many are probably betting on an increase close to the Zubairs internal estimates of 8TCF.
That along with the 25 year development licence (now the gsa is in place) will give us all some idea of the value and size of the prize and of course the 25 year development licence will kick of the CH1 drill and workovers.
Kiliwani is a tiny asset in comparison and the 3d survey was being done at no cost to AEX so why worry about it.
And includes the pipeline build to produce gas into the gas to power network + an MOU to produce LNG...
CPR + 25 year development licence also due so SCIR will start to see a few million more hit the bank account before long.
https://twitter.com/cperkin99/status/1745079813734289418
Launa takes Aim at shareholder value.
https://twitter.com/LibertyCappy/status/1744380943459139765
XD