Member Info for cperkin

Hot air you mean?

Took the words right out of my mouth joeltg, improved service ;0)

Looks like a stop loss hunt prior to news.

GLA

"Tanzania is the right place for investment, we ask investors to come, where Ruangwa has Graphite, South we have Methane and Ethane gas, we have Helium gas, in three countries with Helium gas and Tanzania is there" Hon. President Dr.
@MagufuliJP
https://twitter.com/MichuziBlog/status/1351464548599939078

That large spread needs reducing to something sensible.....

https://www.thecitizen.co.tz/tanzania/news/business/-use-of-natural-gas-saves-tanzania-15-6-billion-3238206

All eyes on the Majors LNG HGA and hope it bodes well for the licence extension here.

Morning steve, agreed and hope you and yours are keeping well.

Agreed BD and what's more, what is the alternative plan, what is the outcome that shareholders are looking for and what do they hope to achieve and how?

Review at half year imo.

I don't see that they can do anything else Colin. My worry is much will again depend on Tanzanian timescales. I don't think I will add anything significant till post the April? licence extension.

What did they do, issue a lawful intercept request?

I think they should take Ruvuma of the market till post C1 drill and 25 year development licence application.

Have a lovely weekend.

I agree BD, G&A has been slashed as we requested and they are well aware of the focus on Gneiss cross charging at what I can only consider to be extortionate rates since they refuse to share any benchmarking. In any case shareholders can whip up an EGM quickly (as previously proven) should the need arise. I am beginning to think that they should effectively take Ruvuma off the market till post drill and also 25 year development application.

Have a great weekend.

Welcome Colin, it flashed up on my Twit feed, dated today...

EnQuest files £25.8m legal claim against BP over ‘unpaid invoices’ at Sullom Voe Terminal

https://www.energyvoice.com/oilandgas/north-sea/291085/enquest-bp-legal-sullom-voe/

12-Jan-21 13:28:27 2.10 23,809 Buy* 2.00 2.10 499.99 O
12-Jan-21 13:25:36 2.04 14,000,000 Sell* 2.05 2.15 285.60k O
12-Jan-21 13:23:18 2.05 14,240 Buy* 2.00 2.05 291.92 O
12-Jan-21 13:22:59 2.05 10,000,000 Buy* 2.00 2.05 205.00k

It says, UJO offers a great opportunity with production and EWT in short order (Maybe) ?

Thanks trrime (chris) replied.

I think it's a lot more likely that they are delaying the drill till post the next extension licence imo. Why would you 3D and be halfway through a drill when the licence runs out in April? Actually I think it benefits SCIR the CH-1 drill delay and gives the BOD here more than enough time to organise themselves (if they are capable) ;0)

https://www.londonstockexchange.com/news-article/HE1/submittal-of-drilling-esia-at-rukwa-project/14822674

Hi Vike, a lot depends on if and when they sell their stake in Helium-1 and of course at what price. The issue with H2 for me is it is so close to the drill then imo SCIR might as well fund it as the potential upside with the dual Geological targets is significant. Post drill sale conditional on a 25 year development licence & GSA would probably be the requirement from any buyer in that case.

Earliest could be tail end of next year, for the 25 year licence, lets see how forthcoming the April extension licence is to be sure that the previous years delay, contract review and PSA review are resolved.

I still think Ruvuma is all dependent on the Kenya and Uganda export pipeline.

Oh, AIMVHO ;)

I agree, might as well wait and drill CH-1. Once CH-1 is drilled the TPDC have instructed the Zubairs to then submit the 25 year development licence and negotiate the GSA. Post these 3 events would be the optimum time to sell to extract maximum value with minimal forward spending as I don't expect any development beyond CH-1 till post 25 year licence anyway.

Might as well hang on.