just watched the presentation....SCIR are so cash strapped they will sell up their share of Ruvuma on the cheap and as soon as possible!....AEX could even do a deal for royalties? (as any other company would have the faff of 'Local Content' to put them off investing)....IMO they are not sticking around for the Chikumbi-1 drill ( most likely our gain!) they are prioritising cash expenditure on Helium One which will need cash from them soon....big words and false bravado, that's my take :- )
so well will spud after that hopefully when ground dries and equipment can be moved......(good time to avoid the flooded-with-filth Dar Es Salaam fish market and the annual Cholera outbreaks!)
...the Kiliwani-1 drill that took 6 1/2 months.....the search for 'a suitable rig for African conditions'......the stuck valve.....assets held in Egypt, Texas, Madagascar, Kenya...........and the 10p party hopeful!
NVG it seems unlikely for anyone to be selling at the moment. Perhaps it is an 'iceberg order' being filled bit by bit? (appears as a series of sells until it is filled when it then reappears as a single massive buy)
I would think the pressure observations between the two wells during well testing would be of great interest and confirm connectedness between the two which will confirm the size of the prospect, but if readings are higher than expected for the size of the prospect believed to be covered by the two wells, it may also indicate if it connects towards sea and offshore
Saw your post on Aminex, I'd sell there and get the lot over here if I were you! Magufuli does not believe in capitalist investment (does not think people who invest should make a profit, very keen to have important natural resources in the hands of 'the people' (a core element of Nyereism which he adheres to fanatically - watch out he is a nutter!) not much time left for you to research all this but I have! used to have a holding there.... I would not hang around!
in radishes!????......decided to stick with RBD's West Newton drill for now, good luck Mouse and Crusty! may look in on you from time to time.......and check on Aminex just to see if anythings happening yet ;-))
ANGS other assets require sufficient funding ring-fenced to satisfy oga's decommisioning requirements.....does it intend to keep these or just develop Saltfleetby? if not can it afford the decommissioning?
was the cash raise at ANGS too tempting for someone who now wants Saltfleetby all to himself.....down the line and after some further, future treachery?
it's what who you know has...that's all I can speculate for now. Aside from AAOG, HUR are starting to think something's up but sp has been pulled down below 3p again.....RBD is also being kept down....seems to be a lot of it about