Member Info for Drewky

A little balance borrowed from Early Bird on Solo BB

Ruvuma:

760bcf 2C Contingent Gross (130mmboe) discovered resource through two successful exploration & appraisal wells NT1 & NT1.

Ntorya-1 drilled in 2012, Ntorya-2 drilled in 2017 both successfully tested gas with flow rates of 20 MMscf/d (3400boepd) and 17 MMscf/d (2900boepd) respectively.
NT2 flow tests: "78% of the flow was coming from two metres on the upper part of the perforations...attributes this to the ineffectiveness of the clean-up of the well. The Operator expects a higher deliverability during development"

The next step is to drill Chikumbi-1 which is targeted for Q1/Q2 2019. Drill pad already constructed and rig tendering complete. All now awaiting final Licence and Aminex farm in then should move quickly as the rainy reason ends.

The primary target of Chikumbi-1 is a deeper Jurassic prospect but the well will appraise the Ntorya gas discovery and will be used as a producer. This well is targeting 1.3TCF P50 Prospective Gross (200mmboe).

Pete

"As you yourself agreed, if the BoD were not sure of the date of delivering the circular they would have been better off not giving a date at all;"

I did agree and that was the point of my communication with Jay the other week but you guys don't see that. You can't see that I don't disagree with what some of you say it is the constant bleating like babes that I disagree with.

"then worsened by telling us all that they could not release a circular until such time as the License extension was granted and yet here we are with an EGM already 1 month past their expected date and still with no License Extension"

So where did they say that then? Link please! I only recollect them saying that the farm-out was contingent on that Matwari extension being granted and it was us including me that assumed it would be done before the circular was issued. I was very surprised it wasn't but the circular makes things quite clear on that matter and the licence without guarantee they have been given reasonable reassurance that it will be forthcoming before the long stop completion date.

So if you cannot provide a link or proof, then you are sniping at the board on this without justification. If you can I will accept your point!

As for "You cannot blame posters for destroying confidence Drewky, the only people guilty of that are our own BoD; they are the ones that cause shareholders to doubt."

Really? Well if you can't provide the link what does that make your comment? Would that not make you a scaremonger trying to destroy confidence on an unwarranted matter? As said provide the proof and I'll accept it! If not...... I'll await your response

Those that post such negativity on here imo are merely taking advantage of those who are upset and angry at being at a loss from buying in on the spike. I understand their anger and upset but I'll not sit back and let these long long term holders take the piss by frightening them into selling so they can build up their own holding on the cheap as they have done over many years here on the rinse repeat games they play.

I certainly did take a punt on Tuesday for £3k but I didn't take any money from here to do it and I haven't been calling this or any other share down for all my worth ever since.

You guys often say you speak for the sake of balance so where is your balance? My list hasn't been up as I said for a couple of months and you can go back through my posts and you could hardly say I've been ramping as more than half my time is spent calling you Janet & Johns out. The rest of the time has been perhaps defending normal business processes that have to take their course.

So come on show us some balance that you crave, tell everyone what the assets are as well as telling them we haven't got a licence and the bod are paid too much

Scammers

Roadster I've not seen you post before but as a lth who remembers my list I will assume you also read the behaviour of these posters at the time and you will be aware the list was created to counter that negativity. Nothing in them was factually incorrect and it was adjust where required. You will also notice that the list has not been posted for a couple of months yet the daily whinge newspaper continues to be published. I don't hear anyone complaining about that

Mather I'm not suggesting you are but there is certainly others that are. I believe all here are very well aware of the risks and do not need to read the same post from the same people two or three times a day every day since April. It really is pathetic. Btw I'm not contradicting their factual posts just sick of seeing them repeated daily with no other purpose than to destroy confidence. Which it has done

That's the point John they are so easy to read. Now it seems the full cast of the Muppet show has come out to play. Oh well I suppose they have to be back in class by 1pm

There is absolutely no chance of any investor who looks in on this bb from not knowing about any risks here. The Janet and John characters playing their own book are hell bent on making sure of that. Tarry I didn't say you were factually incorrect even though you've been proven economical with the truth twice in recent days. My remark is about you advising people to hold which is fair enough but to say take a punt and then go on to give them every reason why they shouldn't is a joke and though you might appease the Jack and Jill around you you certainly don't fool me as to your destructive aim. When this turns and it will and you start your ramping, anything you say will rightly be taken with a pinch of salt by those that have seen your behaviour.

John2015 Sorry I was referring to the Janet & John book characters that infest this bb. Their book is so simple to read. Would anyone seriously believe Tarry is an investor here. If they read him from April onwards I certainly think not. Pathetic is the only word

Nice to know you are still in love with me Dunder or should I say John xx Nice cynical trade this morning too shame the one last night got knocked back

"Dr. Mengi has identified the Tanzania energy sector as a strategically important sector with significant opportunity for Tanzanians, and Swala is privileged that he has chosen our Company as his investment vehicle of choice. “With the support of ETL we aim to continue developing Swala to address the energy demands of Tanzania as it seeks to grow into a middle-income economy, an objective in which the Company, through its direct and indirect investments, can play an enabling role.” He said. https://www.exchange.co.tz/tanzanian-billionaire-invests-in-local-oil-company/

It is good news without doubt but until Matt takes some action to lift some oil from some of these wells he has all over the place. Even though the entry price right now is a good one, I still don't feel the urge to buy back in at the moment and from the sp response this morning it seems others feel similar.

The assets here are good, the hedging facility and banking facilities are great but we need action to make this go. It's in your court Matt get on with it!

Apparently cp our industry experts say it is no more than a fart

So you were not referring to me and or cp as a management troll? If not who? and is that not personal no matter who it's aimed at? You are just another in a long line of antagonists. Get in the queue!

Janet & John I thought was a good definition for "You people" :0))

BTW Congratulations on you very first positive post...

SP is rising "Hooray." No hint of sarcasm there then.

Have a nice day

36 posts of negativity is what I have seen many of them with remarks made to or about me or C.perkin. Management troll or trolls? Jeez you people do make me laugh.

The only people trolling here are the ones that seek to undermine confidence on a daily basis.

Can I ask if you are Apaches new incarnation? Maybe just another doubleganger but it is amazing how the minute one gets shown out the door another of similar ilk and obvious motive turns up within days. Pathetic behaviour, you people are as easy to read as Janet & John

Perhaps Pete you could remind Tarry of that while you are at it?

That would be clever to tell everyone of an intention to sell.

I know you will Tarry because you are simply here to make mischief. I believe perforation would be a good choice but stop talking negative as if you know the facts. The only fact is you haven't got a scooby doo and until we get the results none of us do. I notice vikingshrimper who's been here just a fews days has sussed you out immediately. Writing your own book along with others here

Good news here I think as it shows signs of confidence and determination to be able to fund their end of the Ruvuma project. They know what we have here and they do not want to be in a position to forfeit.

And you will do won't you Tarry

As I said the other day if we were to strike oil some people on here would be screaming it's the wrong colour