Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Https://x.com/edgartwo2/status/1791864228145488110?s=61&t=qBcoKadtpeaziPRqZIXyxg
Based on history not recent news the gas price for industry and export was always higher than the the price realised for domestic consumption. So the pipeline and export option is very good news. Both in demand terms but in relation to likely income too.
I confess to nervousness at the news of the Tz Govt re-opening the LNG negotiations. Essentially ripping up the agreements and seeking more from the investors. I note that the new minister (and deputy PM) is at the forefront of this. And he is the one we have been relying on (in the media) for the fact that our licence is approved.
Have been wondering if it was just me.
So the reason I am satisfied its all ok (I think) is that those media reports from the LNG issue suggest that it was the cabinet that sent the agreement back to be re-opened? Whereas the media reports relating to out licence suggest that cabinet has rubber stamped/approved the licence.
Am just setting this out so I can be corrected if anyone thinks I have this wrong.
Https://twitter.com/EdgarTwo2/status/1785626694646116352?t=vAk7zlYU_SdxFa5AcezXBg&s=19
Https://allafrica.com/stories/202404300162.html?utm_source=dlvr.it&utm_medium=twitter
"The Problem We Are Bordering on Oil,”
"Keep your words to work, the problem is that we are very close to oil, whoever has the power should work and do it if he knows that he has carried all Tanzanians," Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko speaking at the fourth Conference on the Participation of Tanzanians in strategic projects and investment in the country held in Dar es Salaam."-Deputy Prime Minister and Minister of Energy Dotto Biteko"
Great spot, Page
Eclipse owns Ara Petroleum and just under 30% of Aminex.
So it is our Major, the operator of our field and our major investor giving a sub on preferential terms. More support. If evidence were needed of the continued intention to keep Aminex in existence, as opposed to taking us out, this is more of it.
Preferential because there is no repayment. The loan is set off against the farmout.
All good with me. Removes a doubt for the numpties out there.
Also all good with me is how much of our farmout carry is left. Future looks bright.
Https://x.com/memd_uganda/status/1783846124018675809?s=61&t=qBcoKadtpeaziPRqZIXyxg
I certainly agree, Roger, that the tweeting starting up again is not just coincidental. It started on the same day as the press reports of licence sign off. It does suggest they know its coming. The absence of an RNS gets more curious with each day. Maybe the Govt really is waiting for a ceremony? It can't be that Ara are not giving them information to put in the RNS, surely?
Am still hoping for an expanded multi-well plan! But licence, reserves/resources improvements, CH1, and announced workovers will do too.
Roger (and others)
Surely the important word in the recent press on twitter and elsewhere is "extraction".
A licence to explore is what we have had. A licence to extract (produce and develop) is what we want. The former is not news, the latter is.