Member Info for EarEyeAm

Thanks Teddy! 😎

Strait of Hormuz closed.

Oil price will fly up tomorrow. Bunker prices will follow the Oil price. There's nothing like $100 Oil to refocus the minds of Shipping company CEO's.

Oil price risks raise their ugly head yet again. bioMSAR Zero needs to get a LONO and go commercial ASAP so that shipping companies can finally stop worrying about what will be the next thing that rockets Bunker prices.

https://www.theguardian.com/business/2026/mar/01/oil-price-surge-iran-us-israel-strikes-markets

Oil price will be flying up. Petrol and Diesel prices will be going up. Electric and Electrified vehicles will get another boost.

https://www.theguardian.com/business/2026/mar/01/oil-price-surge-iran-us-israel-strikes-markets

These are the Gas wells M&P will be drilling. If ARA do plan to use that rig then they are going to have to wait for M&P to drill 3 wells first.

"Maurel & Prom to Start Drilling Three Gas Wells at Mnazi Bay in Q4 2025 Maurel & Prom announced in its H1 2025 results that it will begin drilling three new gas wells at Mnazi Bay in Q4 2025."

https://www.tanzaniainvest.com/energy/maurel-prom-drill-mnazi-bay-gas-wells-2025

https://www.linkedin.com/posts/tanzania-petroleum_maurel-prom-three-gas-wells-mnazi-bay-drill-activity-7351571726800982016-3Etb

As you can see, they were delayed by 3-5 months, as originally were looking at October to December 2025 and now it will be March at the earliest.

Nice ramping effort LOL!

Do you really think in todays "short term mentality" market, that people will buy the price up and up 7 months before first Gas????

"Be silly not to get in sooner than later" I and may others did that over a decade ago, the market today rarely thinks that way despite such blatant attempts to generate FOMO, the market looks at the target date and gets in right before it, the market won't care if it creeps up a little near term, as 7 months is a looooong time fore some to get bored and for it to drift back down again. Just saying it how I see it, as I hold millions and as stated before, will buy more before July whatever the price, as I want the CH-1 drilling to find Oil, however, if CH-1 isn't being drilled until after September then it's hitting the second rainy season that might delay it to December, have to wait and see once the Rig contract arrives, but if that's the case then I won't add more until late July as the money is currently raking in good dividends elsewhere (8.6%).

"especially with the likelihood of oil and gas prices rising significantly if a war in the Middle East escalates", none of that affects the internal price in Tanzania, the Gas price is already agreed and the contract signed. The benefit of internal Gas production in Tanzania is that it's isolated from Global Gas prices, Government set the price and the price remains the same whatever goes on outside of Tanzania.

My thoughts are that it will stay pretty much where it is for months, within a range of 1.8p to , because people will leave their money elsewhere for 4-5 months, whilst the pipeline gets closer to completion, whist it's tools down between sometime in March and sometime in May due to the long rainy season, the only thing that might blip it up 1p is the Rig contract and that will all depend on when they schedule in the drilling of CH-1.

Look at the chart, the price is at the top of the very long uptrend, this is FIVE YEARS of uptrend, the longer the uptrend the more likely it is to continue going the same way. I've put in a red line at the start of July showing that if the price does indeed stay inside the uptrend, even if it spikes out of it short term then drops back in, the price in July would be between 1.4318p and 2.4919p.

Chart https://ibb.co/8nLkXHDx

Those that talk down Charts do so because they don't understand them and won't learn or they don't want other people to believe the charts, that somehow their crystal ball is better than the visual diagram of stock sentiment. Charts are not squiggly lines on paper, they show the sentiment for the stock, they show the prices that people regularly take profit at or buy back in at, and many other things, and they DO work on small caps, it's nonsense to suggest they don't, especially when I am showing a 5 year uptrend right here that is undeniable.

Thanks Teddy!

BTW, where did you get the details of the Parliament Business Statement (screenshot posted before)?

I have been refreshing the page on the Parliament - Business Statements page since 19th and nothing new has appeared, are they putting them somewhere else now? (I've emailed to ask what's going on, but as expected, no response).

The tall storage tank on the right seen in the first image on X can also be seen on the video. It's definitely the same rig in the same place.

The Rig on the video, I took a screen grab of it, saved it as a jpeg, then uploaded it to Google search. The Rig is not for us unless we use it when M&P have finished with it.

Feb 9, 2026 "The rig has arrived at M&P's Mnazibay gas field and is fully erected, with drilling activities to commence ASAP. The 3000HP rig was moved from Tanga Port to Msimbati, Mtwara, Tanzania, over 900km."

https://x.com/WilsonMakembe/status/2020743037152891067

Using https://tactiq.io/ it picks up the original Swahili rather than the talk-over, I then put just the text into Google Translate and the literal translation of what he said is:

"So here on the upstream side they will later dig the Chikumbi well. But what we are hoping for is that until the war is over the treatment will be the same, that in September we will come and launch the gas to start flowing from the wells."

So Pipeline was scheduled to be completed in July.

First Gas in September

CH-1 to be drilled later, how much later he didn't say, he could mean later than tomorrow or later than first Gas, so none the wiser there and will keep looking out for the Rig contract to see if they tell us in that.

I then sought to clarify this and found the following:

"Energy Minister, Deogratius Ndejembi, has urged the Tanzania Petroleum Development Corporation (TPDC) to ensure the timely completion of the Ntorya–Madimba gas pipeline by September 2026."

"“We have set a clear target: by September, the wells must be producing gas and connected to the main Madimba pipeline. There should be no delays."

https://www.therespondents.co.tz/2026/02/ntoryamadimba-gas-pipeline-set-for.html

As per my weather post the other day, there's a lot of rain March to May, peaking in April, so I expect them to have to down tools at some point and several weeks later resume, they planned for that all along though and are ploughing (literally LOL!) along to get as much done as possible before the rains hit, and the September date allows for the downtime.

Aminex said on X 4 months ago "The Ntorya-Madimba pipeline is expected to be commissioned by mid-2026, with first gas and revenues to follow shortly thereafter.", we now know that their view of 'shortly' is 2-3 months.

Https://dailynews.co.tz/tanzania-oman-seek-to-deepen-bilateral-ties-in-the-energy-sector/

A little word from the man himself:

"Lithium Agreement: Minerals and Mining Royalty Regulations L.I. will be to advantage of Ghana – Minister"

The Minister for Lands and Natural Resources, Emmanuel Armah Kofi-Buah, has argued that the Minerals and Mining Royalty Regulations 2025, which he laid before Parliament, will ensure Ghana attains maximum benefit from the extraction of its natural resources.

Addressing the media after laying the Legislative Instrument before Parliament on Friday, the Minister explained that the L.I., which establishes a sliding-scale framework that allows royalty rates to be adjusted in line with fluctuations in global commodity prices, will introduce variable royalty bands for gold, lithium, and other minerals.

“Today, I am proud to say that I have brought a reliable regulation that gives us a sliding-scale agreement. The advantage is that it allows the state to capture the benefits in good times. Like in the gold sector, and I have to tell you that we have done it across the minerals sector,” the Minister said.

He explained that, based on current market prices, lithium attracts a royalty rate of 7 percent, which could rise to as much as 12 percent should prices increase.

The regulations, according to the minister, also introduce a one percent Community Development Fund dedicated to financing infrastructural projects in mining communities.

Addressing journalists, the Minister noted that the L.I., which applies to all mining agreements, offers greater certainty and predictability for both the government and investors.

https://www.the1957news.com/lithium-agreement-minerals-and-mining-royalty-regulations-l-i-will-be-to-advantage-of-ghana-minister/

"Article 11(7) of the Constitution, 1992 provides that any Order, Rule or Regulation made by a person or authority under a power conferred by the Constitution or any other law shall –"

"be laid before Parliament;"

"be published in the Gazette on the day it is laid before Parliament; and"

"come into force at the expiration of twenty-one sitting days after being so laid unless Parliament, before the expiration of the twenty-one days, annuls the Order, Rule or Regulation by the votes of not less than two-thirds of all members of Parliament."

-------------------

Votes:

NDC Majority 185

NPP Minority 87

Independent 4

I've just had a good think about this.

The Ewoyaa Agreement was illegal because it had a 10% Royalty, but the Mining Act (Law) only had a fixed 5% in it and still has, 10% is against that Law.

The Royalty Legislative Instrument changes the Mining Act by replacing the 5% will the Sliding Scale.

The Royalty LI was created to facilitate Ratification by making the Law match what's in the Agreement. Hence the Ewoyaa Agreement was changed to accept the Sliding Scale.

The Ewoyaa Agreement cannot be voted on until after the LI defaults into Law, because right now the Law still says 5% and the Agreement has the Sliding Scale in it, so it is still against the Law.

Parliament won't be doing anything with the Ewoyaa Agreement on 9 March as that is a Monday and Parliament sits Tuesday to Friday.

Once the Royalty LI defaults into Law on 10 March, the Ewoyaa Agreement can then be brought for discussion and vote, presumably 11 March.

This probably explains why we've not heard anything on Ratification yet, because there's no way for them to put it to the vote until the LI is in place.

Nice theory, although one caveat, if a bid comes in that they can recommend to shareholders they'd have to announce it straight away, for example, a bid at 70p would probably be acceptable, so as soon as they saw the price they'd RNS to say they've received an offer of 70p and will now do due diligence etc. The secret talks are for offers that are close but not high enough to recommend, like the last offer. Then you have the offers like the first two that are so low ball that they are immediately rejected, no discussions because the offer is to far away from a realistic valuation.

He surely has to talk about mining royalties at some point, it's a high profile part of their income.

Mista Speeka, I want to tell you all our plans for Ewoyaa Ratification...

... But I can't 😂😂

Don't tell me you're obsessed with me, such that you try to twist anything I say to suit you're trolling of my account, oh God!

Just don't let Trump see this or his jealousy will flare up again and he'll make an order that he gets a ceremony like this every day!! 🍼👶🤦‍♀️🤦‍♀️

Weird to see Parliament with the Majority wearing traditional dress but the Minority wearing suits!

The music just reminds me of early Warner Bros cartoons!! 😆