Member Info for cperkin

Nope, it's solo and Aminex.

Sorry that should be 1.6 TCF of course.

https://youtu.be/zgSAExGtaEo?t=3282

The Energy minister says "Ntorya is being worked very hard and about to discover 1.6 BCF with exploration which is UNDERWAY" News to me, well it will be when they issue the licence, December spud could well be on.

With thanks to stockbible who found the congress on youtube.

https://youtu.be/zgSAExGtaEo?t=3282

He says Ntorya is being worked very hard and about to discover 1.6 BCF with exploration which is UNDERWAY? well it will be when they issue the licence, December spud could well be on.

With thanks to stockbible who found the congress on youtube.

https://youtu.be/zgSAExGtaEo?t=3282

There she go's

Nor mine AA

With 2.45p paid and the ask only @ 2.40 it sure looks like it is being held back.

that the Government are thinking well beyond national boundaries.

https://theexchange.africa/tanzania-the-next-big-sub-saharan-energy-hub/

Income stream is due to be delivered Crusty. Although I have no problem with the Bods moves to date, the Jury is still out till they deliver on their published strategy during H2.

Have a good evening.

Crusty, a couple of points.

It has been reported at the AGM that a BOD deal for a producing asset is in no way tied to Ruvuma.
If indeed ARA go for a back to back multi well drilling programme post C-1 then they would only do so surely with the 25 year development licence in place making asset based funding a very distinct possibility. It's not as if Gneiss don't have plenty of experiance of this and in this sector.

Anyway licence and C-1 first.

Looks like the Gov have lined up a race then Froglegs?

Thanks Froggy, well we have to see that licence first, one step at a time but interesting that a Rig could well be nearby for mobilisation.

Good spot Froggy, last seen Pate Island, East Kenya March 2019. Still there?

Finished drilling March 2019 Froggy.

Good point Froggy, Port of Mombasa, not sure if it ever made it to Mtandawanda?

Don't disagree Crusty, the late December spud hangs in the balance and it very much depends on what and how far ARA are pushing forward and what they mean by the below RNS

"The Company and ARA have seen positive movements in Tanzania with the government actively resolving several long-standing issues with other operators in country. These positive movements provide confidence to the Company and ARA who are now prepared to further advance certain pre-drilling operations for the Chikumbi-1 well. The Company and ARA will advance works so that drilling of the well can commence as soon as practicable following the satisfaction of the remaining conditions precedent, which are the granting of the Mtwara licence extension and government approval for the transfer of interest and operatorship. "

If they have not spud by late Jan then the next window I believe is June.
Worst case is nothing and best case is Helium-1 IPO, Licence, Spud date and a producing asset deal all before year end.

All the news coming from the Government at the O&G congress last week was very positive.

Licence area mentioned directly with the Gov urging progress
PSA review now first in line over the LNG HGA and the TPDC saying it will be complete anytime from now
1BCF per day forecast demand within 4 years as Tanzania becomes a gas and energy Hub with the aim to supply Uganda, Kenya etc.

A ready made vehicle for raising money, buying a licence and drilling some holes Billthebank?

Hi Steve, yes a deal with a producing asset will be company changing and move solo into PE ratios!

Enjoy the Garden, been doing much the same before the rains. Seriously thinking about down sizing or getting a gardener myself it's just too big and lots of large jobs this time of year, hedges and trees alone take up days of work.

They started with around 25 reviewed, 5 selected for progression and two have dropped out so 3 in final stages. The BOD said typical deal takes around 6 months, so we are for sure in the window of deliver this Quarter imo.