Member Info for cperkin

As Chairman of
@atogsofficial
in collaboration with British High Commissioner
@HCSarahCooke
we recently hosted VIP Dinner at
@UKinTanzania
residence involving Senior Oil & Gas investors, Foreign Energy Ministers and Stakeholders to discuss Promoting Investment and Collaboration

https://twitter.com/abdulsamadz/status/1190130351475167233

As Chairman of
@atogsofficial
in collaboration with British High Commissioner
@HCSarahCooke
we recently hosted VIP Dinner at
@UKinTanzania
residence involving Senior Oil & Gas investors, Foreign Energy Ministers and Stakeholders to discuss Promoting Investment and Collaboration

https://twitter.com/abdulsamadz/status/1190130351475167233

I am not surprised at such reactions and accusations after 2 years from said poster of "this is going bust, this will be sub 1p and Ruvuma will be whipped from under your noses" (sic)

Still each to their own.

No worries joelt, I can see how people might have read it like that to be fair.

@matherdj, yes sorry you are quite right.

Joel that not what they said, they said they don't believe the new date is required. I ma pretty sure that the Zubairs did not hand over $3 million to Aminex as stated in the same RNS if they thought they would be waiting long for the licence, nor do I expect that they would be talking about ordering long lead time items for the drill in the same RNS.

Still like you say, nothing that can be done but wait for the Tanzanian Gov to put pen to paper as per usual.

"The Long Stop Date for Completion of the Farm-Out has been extended to 30 June 2020. While the Company and ARA do not expect to require this extended period to satisfy the remaining conditions of the Farm-Out, this demonstrates both parties' commitment to the transaction"

ARA Petroleum LLC CEO Sultan Al-Ghaithi commented:
"We are encouraged by the ongoing discussions with the Tanzanian authorities to be able to accelerate the planning for the early spud of the Chikumbi-1 well, through the tendering of services, ordering of long lead items and securing a contract for a drilling rig. We are also happy to further demonstrate our commitment to the Ruvuma Farm-Out by bringing forward certain payments due to Aminex under the terms of the Farm-Out."

Glad everyone is up to date on their RNS's

Friday RNS anyone ;0)

Have to see what comes along with the licence RNS & if it includes a spud date. If they have prepared as they say they are doing then I don't see why the RNS would not contain it?

Got to agree GL, they spud Likonde in Jan I believe but the window shrinks every day!

I wonder if the MM's and market can beat the massive 13 trades for a total of just over £20,000 yesterday and a 0.5% movement in the SP per trade ;0)

Who cares, likely to be back with another avatar for me to filter. I have no patience these days, one fair test and in the filter bin.

Don't we know it Crusty! and fully agree, they will be calculating the offer based on no licence but even without the BOD value Ruvuma at the current Zubair transaction price.

Still no sign of it. I have always been worried that it will land during suspension, which I still believe it will. Question is will it come before the publication of the admission document in Nov or before the EGM and listing in December? It will make a difference to the appetite for both the Open offer and post go live.

Peanuts bought and sold RoJo, let them get roasted.

No worries, worth repeating as the demand curve clearly shows that demand outstrips supply next year.

Thx HY, the main slide of interest was posted up the other day as per Jules below.

https://twitter.com/SherwoodJ8/status/1188931784240705537

Good stuff for all gas producers in Tanzania!

PS I spoke to Doug Rycroft last year and he drilled many of the off-shore wells in Tanzania for Ophir Energy , see the brr media below. If you want a guy in charge of operations and drilling, he is your man imo.

https://www.brrmedia.co.uk/broadcasts/5d9c5b6ef8cc7162f3b034e4/scirocco-energy-acquisition

Changing the thread title....

My understanding is the Development programme is as per below.
2019/2020 infill well on K09ab-A
2020 Sidetrack of A06 well (A06X) and hydraulic fracturing
2020 Workover of L11b-A09 well
2020 L08-D Drilling
2021 M07 Drilling
2021 infill well on K12-G

I hope we also have 2020 CH-1 spud and drill + Helium-1 Drill 2020 so a lot going on.

https://www.youtube.com/watch?v=FZTlMhMw6L4&feature=youtu.be

https://www.brrmedia.co.uk/broadcasts/5d9c5b6ef8cc7162f3b034e4/scirocco-energy-acquisition

http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/scirocco-energy-acquisition-presentation.pdf

1.25p, well played!

Oh dear, party not over?

Time for some nuts.

Well in that case I quite agree, it will all be down to the market and how much interest there is in the forward drill and workover programme over the North seas asset, KN-1 and Ruvuma and if people believe the BOD will be delivering on more deals towards their 20,000 boepd target.