Member Info for cperkin

PSA Review and Licence Extension
"Recent media reports, reporting Government sources, give positive indications that the review of PSAs is near completion and that all international oil companies will be duly notified of the outcome shortly."

Kiliwani Gas Receivables
"A meeting has been scheduled and we hope to be in a position to update shareholders soon."

I hope they are meeting about more than just Kiliwani if indeed they will already have the PSA in hand?

Start from the premise that he is earning a living out of it one way or another, just like every other commentator out there. Good source of information but make your own mind up about their opinions.

So a case of don't panic then Jones?

Exactly AA, everyone got a bit over excited, still everyone is a little jumpy right now in the markets.

Yes you are right BG

Majedie Asset Management

Sells....Madj?

The link from the 19th Feb Bucks.

"Current reports indicate that the PSAs review was completed by early January 2020and companies should receive drafts or final text by end of the month. However, it may not be easy to find out the proposed changes made by the review since government and companies do not disclose PSAs."

https://www.ippmedia.com/en/features/tanzania’s-natural-gas-sector-%C2%A0elusive-economic-game-changer

According to the press, PSA's due to be delivered to the operators the end of Feb, so today?

Aminex seems very stable considering the impact on most O&G stocks. I guess domestic gas production/supply/exploration in Tanzania is providing insulation from the oil price and impacts in the wider market over covid19.

Not exactly been a great year for O&G and Malcy does not hide the results, here are the performance of his bucket list results from August 19 to date as published by himself.

PetroTal Corp +28.6%
SDX Energy +15.6%
Aminex +12.5%
Amerisur Resources+7.2%
RockRose Energy -2.9%
Serica Energy -5.9%
Genel Energy -6.1%
Rockhopper -16.3%
Trinity Exploration -16.4%
Chariot Oil & Gas -16.6%
President Energy -20.4%
Savannah Petroleum -39.9%
Echo Energy -45.6%
Far Limited -48.3%
Jersey Oil & Gas -49.0%
Reabold -53.5%
Victoria Oil & Gas -59.9%
Hurricane Energy -67.2%
Eco (Atlantic) Oil & Gas -77.1%
Sound Energy -82.6%
https://www.malcysblog.com/2020/02/february-bucket-list-update/

"Gov't Update Expected Soon"

https://www.oedigital.com/news/476021-aminex-s-wait-for-tanzania-approvals-continues

Thanks to GL

That's my understanding as well AA. I think you gave an example where such a suspension went on way beyond the 6 months. Hope it dose not come to that, but happy to be suspended right now myself.

Must be ref solo trrime? 6 months although that can be extended if negotiations are ongoing.

The other being AEX, everything else was red.

Morning BD, my best performing stocks in my PF yesterday were SOLO, suspended and the other flat.

Says it all.

Domestic gas production & supply in Tanzania probably provides some protection to the Global market decline at this stage.

Tech stocks dealing connectivity and bandwidth should do well. Already huge increases in data traffic in China dude to homeworking and isolation.

Just my thoughts.

Based on the FFD plans + the Power generation targets I posted yesterday, almost half that 20,000 BOEPD could come from Ruvuma if solo continue to hold 25%

Shortly is the new "imminent" Joel ;) I assume if the licence lands "shortly" as well, then they will have to make full use of their new broker to facilitate the financing?

Surely we should hear something in the next 2 to 3 weeks if the PSA is to be issued at the end of this month Frank?