Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We have now had multiple confirmations from the TPDC, National press and Parliament ( the minister of Energy) that the licence is approved.
I assume ARA and AEX will be flying to Tanzania for the signing ceremony in the same way they did for the Gas sales agreement signature.
GLA, holders I expect we do not have long to wait.
Thank you Crusty for your reply
Morning CP, the Gas Service Agreement, was exactly that an agreement - it requires negotiation and, hence, signatures; I am not 100% sure that a 25 year Development License actually needs signing - it is a License and awarded by the Govt to someone that applies for it. ARA will simply be awaiting notification that it has been granted. Though, in any event, I would anticipate there being some razzamatazz around its award but then haven't we already seen that?
We have now had multiple confirmations from the TPDC, National press and Parliament ( the minister of Energy) that the licence is approved.
I assume ARA and AEX will be flying to Tanzania for the signing ceremony in the same way they did for the Gas sales agreement signature.
GLA, holders I expect we do not have long to wait.
The market likes a RNS RoJo, certainty.
I thought as such a seasoned investor that drives around in expensive cars you would know that? Unless of course it's just more fantasy and imagination on your part, after all it would be very strange for Mr Bent---ley to spend so much time & effort on a penny share BB eh?
Toodle-pip, have a nice day and be ready to rejoice :)
Done and dusted it would seem, just waiting for the RNS now and then it's almost continuous news flow, from workovers to appraisal drills and production.
Looking forward to seeing the detailed development plans!
▪️BUDGET MINISTRY 2024/2025 LANDS IN PARLIAMENT
Deputy Prime Minister and Minister of Energy. Dr. Doto Biteko (Mb), today April 24, 2024 presenting to parliament the Energy Ministry's Revenue and Spending Estimates for the 2024/25 Financial Year at the Fifteenth Session of the Thirteenth Session.
During the presentation, various officials and guests of the Ministry were invited to testify.
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