Member Info for cperkin

Quick take a screen shot!!!! ;0)

Morning MrC-aptain still no list of the Government road blocks? Please let me know what they are, I am very interested to find out as I am not aware of any and keep a very close eye on the situation in Tanzania.

Many thanks in advance.

They missed last years guidance by -12% so dropped this years by -10% and that is dependent on a huge capital expenditure, seems the decline rates are increasing.

Yes steve, they seem to be making good money and considerably above the original forecasts when they took over the asset.

Hi steve the Gas produced is used to produce energy and the left over waste products are used as slurry (fertiliser)

Can't disagree that the market does not ascribe any value to 25% of a 3TCF gas asset that's already had two successful wells that are suspended for production and a third due to drill Q3.

Still no list of Government road blocks then?

Fixed but linked to US CPI as I remember so definitely increasing, not that it matters till we have production.

Sorry Captain, but they mean everything, 2 year extension licence, agreed work programme that includes the 3D, Drill of CH1 and a gas sales agreement.

Anyway, I thought you might decline to provide a list and divert the conversation...again....

Nothing materially changed, Road blocks? Really what road blocks, please list them out?

The one thing I am happy and relieved at is the Governments desire to extract and sell their gas whilst they can and in case you didn't bother to read it, this is evidenced by their progress since coming into power.

They have issued a 2 year licence extension.
Approved the AEX Zubair farmout
Agreed the work programme over the Ruvuma licence
Resolved the tax dispute.
Signed of the FID for the Uganda pipeline
Currently negotiating with Total etc on the LNG plant.

Have a lovely evening.

Oh and not forgetting, since coming into power

They have issued a 2 year licence extension.
Approved the AEX Zubair farmout
Agreed the work programme over the Ruvuma licence
Resolved the tax dispute.
Signed of the FID for the Uganda pipeline
Currently negotiating with Total etc on the LNG plant.

Nothing has changed lol

Nothing has changed? Only the president, the Energy minister and the recognition that they have a limited opportunity to exploit their gas reserves for the benefit of their people.

Afternoon steve. I see the minister for Energy finishes by saying "We will be at the Tanzania Energy conference in August and will be available to sign approvals"

Well how about a 25 year development licence then? All that money spent on submitting the FFD development plan and licence application.

https://www.energyconnects.com/videos/video-interviews/2022/march/tanzania-minister-of-energy-why-tanzania-is-a-go-to-destination-for-energy-investments/

Not so sure that I do Frank, so much volatility elsewhere!

Some are good to you others are not, did you get out?

Good point matherdj and in fact they will need that 25 year development licence as well!

Welcome to AIM POC.... Well if they dilute to fund the rest of the work programme then there is no point selling the asset till post CH1 drill and very importantly the Gas sales agreement which allows the company to book reserves I do believe.

I don't know POC, Scirocco seems like a good name as there seems to be plenty of wind ;0)

Haha steve, no wonder Big D is so upset with the BOD, he has 2 share certs!

Interesting and many thanks Jiff.

Hi steve, hope all is well and your other investments are doing well, oilers are giving great returns right now.

Seismic is certainly underway (according to the company doing it) even though nothing has been reported here or at AEX either via RNS or social media? Be interesting to see what the results around the CH1 drill pad throw up.