Member Info for cperkin

Seriously Tarry? you can't not provide an estimated date to the market.

The Operator agrees with the TPDC, the TPDC give an estimate for the minister to sign off to ensure that the well is drilled in the dry season.

The Farmout is due to be concludeed next month, the licence needs to be approved by the minister first, so expect to see it soon, exact date unkown. Either way I reckon you will pay more post licence than pre - Ready, steady?

As I understand it the TPDC have agreed the licence and it is waiting for ministerial sign off and no one dictates to them the exact timeline, seen the same in the UK for licences and approvals and every other country I have invested in.

The Government control the timelines the resources are in their country after all.

lol Tarry, binding agreement mean anything to you? As for a takeover offer as you suggest it would be voted down at any EGM for anything less than multiples of the current SP not that I truly believe that to be a likely outcome.

Nearly there yet? - sit back with a bag of popcorn and put a movie on in the back of the car and hope there is no diverted traffic signs on the road ahead.

It has always hinged on them and the relationship is no different now than at other time that I can see or remember, but there again I have only been involved since the GSA

Jacko reckons the idea is Wacko, in the meantime, down, down, deeper and down here :)

Nice if you can get it willow. I reckon people will pay paying more post the licence extension thats due and thats the catalyst that kicks off a whole chain of events from farmout - C-1 spud date and drill, 3D seismic and 25 year licence etc.

Ready?

Yep, licence extension first I do believe.

Reckon peeps will be paying more post licence than pre.

Ready?

Yep, still bumping along around the last placing price. RNS on Tanzanian assets must be about due though!

Can't be much longer before the initial KIM flow rates are published? Then we will have an idea of the potential to add to the Portland commerciality.

Complete Bull as you well know "Normal"

Ritson stepped down, the new BOD are taking their salary in shares and they have reduced costs by over 22% They have about £7.5 million cash (Mcap £14 million) ready for the C-1 drill appraising the 126 million BOE 2C (yep already drilled 2 wells 2C resources) and a further 150 million BOE GIIP

Compare the numbers.com

AS66 ;)

FFS nothing worse than an ex holder de-ramping the stock and pumping anotherwhilst claiming Tanzanians are racist but Nigerians are not

Unbelievable!

Good luck what ever you decide Willow.

If solo sold Ruvuma tomorrow for the same price as the current Aminex deal then then they would receive £15.3 million cash & If they have sold all the UKOG share then solo have about £7.5 to 8 Million in cash today.

=£22.8 million or an SP of 3.6p and that ignores completely 30% holding in IOW licence + 13.8% of Helium -1 & the 8.4% of Kiliwani North 25 year production licence and well and the other assets.

With a licence extension in place over Ruvuma then the value will be North of the above.

Best of luck.

You clearly believe it will rise, otherwise you would sell.

Quite simple really. No one holds on if they think it will go down.

Might not have been 100% accurate but a fair coverage of the main events, certainly a lot more accurate than the Phoenix article for example.

Boils down to licence extension to get the ball rolling and the cascade of events that depend on it.

Have a lovely weekend all.

Yes the new Bod cleaned up the act as soon as possible here I am pleased to say and have started the ball rolling with monetisation.
Good to see some normal movement on the book this PM, this morning was a complete joke. Keep an eye on who is on which MM is on the BID and ASK from here on in.

No, paid in full and closed out by the new bod Exuberence. Not surprised ref forward selling.

:)

The same happened at NTOG and UKOG in recent months, in the case of UKOG the broker knocked on the door and UKOG issued shares to cover the shortfall and accepted the few million from the broker and in the case of NTOG the CEO told them to go take a long walk.

I expect most are happy to be through the previous "problem zone" and must be getting close to the first 90% COS target @relieved ;)