Member Info for cperkin

Thanks Holy, very much what I was hoping for as well, still time for some good news before the years out and boy do we all need it.

Anyone hazard a guess when we will see this, I was thinking we would see it early November or am I miles out?

Not exactly a ringing endorsement from Dan explaining NR and Dans business model here.

28 Oct 2021 09:37 mrc_mrc_mrc_mrd

I am obviously not Dan Maling lol so couldn’t comment.

"My impression was that they were great at getting mug punters to buy into a dream."

Some of them are still invested!!

RIFL"

Dan, everyone agrees that they will need money for Q3 2022 if the asset is not sold before then in fact sometime Q2 at the latest.

All I am saying is shareholders regardless of drilling money will be more interested in the drill post Christmas and not a sale.

How's the as you put it, mug punters doing at HEV?

Well Dan, if it's not sold by Christmas then shareholders will be looking for the 2022 drilling and will not be interested in a sale IMHO

So sale or drill, which comes first?

Mon 15:21, @BD
Ha ha ,don't be long now and best of luck :)

I personally don't think ARA (Zubairs) would be interested, they could have struck a deal any time since 2018 or even before if they had wanted to and why would they pay more now than they did for the 50% +29% of AEX that they already own? I am more than happy to be wrong as the best situation would be for more than one bidder, unlikely I know.

As for the 3D, it is due to begin on the 15th, I expect ARA will most likely deliver on or very close to that date. On the bright side, there appears to be a drought and lack of rains, potentially allowing the full 3D survey to be completed unabated.

https://www.thecitizen.co.tz/tanzania/news/drought-could-hit-economic-sectors-in-tanzania--3599372

"prolonged spells of drought are expected to start this November to next January, citing Mbeya, Mara, Songea, Rukwa, Iringa, Katavi, Dodoma and Songwe as among the regions that are likely to experience below-normal rains."

She further said that other regions to be affected are Ruvuma, Lindi, Mtwara and the Southern part of Morogoro.

'steve, agreed, they can't deliver anything meaningful on their strategy whilst they have Ruvuma to fund.

I thought you asked some good questions Frank and clearly had done your homework on AD.

@Cash, there was no MOU signed with the AEX disposal, just a conditional offer from the Zubairs that was then put to shareholders.

Afternoon steve, lets hope so! It's either sell the Tanz assets or no substantial progress on their strategy, not much else to say about it really. We might see another small AD type deal in the short term, but I don't expect anything of any size all the time Ruvuma is on the books.

Get Frank to do another grilling interview ;0)

Did he sell up or just leave LSE?

Actually on the day of the farmout announcement the price climbed nicely with a day high of around 3.5p, it was the 4years of waiting for it to complete in between, thanks to the Tanz Gov that killed it.

In terms of strategy, SCIR can't be both a Hydrocarbon producer and a green energy producer/circular economy so one of the two has to go.

Till they get themselves 10's of millions to spend on their new strategy there can be nothing else beyond the odd small deal or money spent on improving revenue from the current AD plant and the only way they will get that kind of money is to sell the Tanzanian assets....

Hi steve, 0 volume and a drift it seems. 2 weeks before 3D starts over Ruvuma + the company should receive their $150,000 payment.
The longer the sale process drags the less shareholders will want to sell imo, certainly I would see Christmas as a cut off point but I would rather see an offer before the 3D starts.

All very good thanks and I trust likewise inthevoid

It's excellent news in terms of allowing the 2D to go ahead unimpeded, potentially letting them complete the full review without break. It could pull forward drilling slightly, tbc of course.

Looks like this rainy season will be unusually dry as in a drought, good news for 2D.

https://www.thecitizen.co.tz/tanzania/news/drought-could-hit-economic-sectors-in-tanzania--3599372

"prolonged spells of drought are expected to start this November to next January, citing Mbeya, Mara, Songea, Rukwa, Iringa, Katavi, Dodoma and Songwe as among the regions that are likely to experience below-normal rains."

She further said that other regions to be affected are Ruvuma, Lindi, Mtwara and the Southern part of Morogoro.

I notice the Zubair corp, AEX and SCIR are about to start 3D in Ruvuma on the 15th Nov using the same company (AGS) Shame they could not have tied up some deal together.

Mousey, long time!!! hope all is well :)

Morning m8

Well we are all waiting to see if there is an offer on the table for the two gas assets in Tanzania, Ruvuma and Kiliwani. The BOD have appointed Gneiss to dispose of both assets.

In the mean time, 3D begins on the 15th November over the Ruvuma asset and we should also see a payment for $150,000 around the same time since the tax dispute over Kiliwani has been resolved.

So in summary, they either sell Ruvuma and Kiliwani or the 3D continues and they drill H2 next year (funding then required)
Also prolific basins has just invested $1 million and the BOD say it is ear marked for another AD deal.

Think that's about it.

https://www.thecitizen.co.tz/tanzania/news/drought-could-hit-economic-sectors-in-tanzania--3599372

prolonged spells of drought are expected to start this November to next January, citing Mbeya, Mara, Songea, Rukwa, Iringa, Katavi, Dodoma and Songwe as among the regions that are likely to experience below-normal rains.

She further said that other regions to be affected are Ruvuma, Lindi, Mtwara and the Southern part of Morogoro.

https://www.thecitizen.co.tz/tanzania/news/drought-could-hit-economic-sectors-in-tanzania--3599372

She further said that other regions to be affected are Ruvuma, Lindi, Mtwara and the Southern part of Morogoro.