Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Once the rig is mobilised they will want to drill out the rest in fairly quick succession IMO as Ntorya can't be the easiest place to get to.
When is the drilling season in tanz? Doesn't it start in October or something?
Obviously they only visited the well site to "check it was still OK"......
https://issamichuzi.blogspot.com/2021/03/dkt-kalemani-azindua-matumizi-ya-gesi.html?m=1
Will need to google translate..
Big man's visit....06 Mar 2021 07:35
Mr Dangote is Africa's richest man @ c.$11 billion
foolsandcows
Posted in: AEX
Posts: 154
Price: 0.447
No Opinion
RE: Big man's visit....06 Mar 2021 07:32
Dr. Kalemani made the inauguration during his working visit to Mtwara Region to visit the Dangote Factory, inspect the Mtwara Electric Cooling Station and visit the Ntorya Natural Gas Well held on March 5, 2021.
foolsandcows
Posted in: AEX
Posts: 154
Price: 0.447
No Opinion
RE: Big man's visit....06 Mar 2021 07:30
By Zuena Msuya Mtwara The Minister of Energy, Dr. Medard Kalemani has launched the use of natural gas in vehicles (CNG) of Dangote cement factory company in its journeys instead of using fuel. Dr. Kalemani made the inauguration during his working visit to Mtwara Region to visit the Dangote Factory, inspect the Mtwara Electric Cooling Station and visit the Ntorya Natural Gas Well held on March 5, 2021. He said the factory planned to connect a total of 600 vehicles using natural gas, whereas in the first phase they have already connected 250 vehicles, in the second phase they will connect 350 vehicles. However Dr. Kalemani advised the management of the factory to merge all of its 1000 vehicles using natural gas in its journeys instead of oil. The natural gas processing project at the Dangote plant has cost 21 billion Tanzanian shillings, from the initial stages to its completion. "Gas consumption is cheaper and reduces about 45% of operating costs compared to fuel, it is also non-explosive and environmentally friendly, I urge all motorists, motorcycles, Bajajis and all fire engines to use natural gas in its operation," said Dr. Kalemani. He also said that the use of natural gas in the country, has not yet reached one percent of all gas discovered in the country despite 60% of electricity used in the country due to the gas with more than 57 trillion cubic feet so far. Dr. Kalemani said that, the Government's plan is to distribute natural gas throughout the country and explained that Regions that are not geographically easy to reach will be built large tanks in special centers to store and distribute the gas in various places. The government has begun providing opportunities for private investors to invest in the CNG business, including companies with gas stations that will be able to install gas pumps in their vehicles. More than six (6) companies have already been given permission to continue the business and are in the process of applying for permits from the relevant authorities for the construction of such facilities and doing business selling gears for the use of vehicles in the country. For his part, the Executive Director of the Tanzania Petroleum Corporation (TPDC) Dr. James Mataragio said that, the agency plans to build five major gas distribution stations in the Dar es Salaam Region. Dr. Mataragio made it clear that for the financial year 2020/21, TPDC has allocated 28 billion shillings for the
Hi Mr Dangote and/or his associates visited ntorya well site. He is Africa's wealthiest person. If you have a look back at my old posts you will find.
Smells like a takeover to me...
: Big man's visit....06 Mar 2021 07:35
Mr Dangote is Africa's richest man @ c.$11 billion
foolsandcows
Posted in: AEX
Posts: 154
Price: 0.447
No Opinion
RE: Big man's visit....06 Mar 2021 07:32
Dr. Kalemani made the inauguration during his working visit to Mtwara Region to visit the Dangote Factory, inspect the Mtwara Electric Cooling Station and visit the Ntorya Natural Gas Well held on March 5, 2021.
foolsandcows
Posted in: AEX
Posts: 154
Price: 0.447
No Opinion
RE: Big man's visit....06 Mar 2021 07:30
By Zuena Msuya Mtwara The Minister of Energy, Dr. Medard Kalemani has launched the use of natural gas in vehicles (CNG) of Dangote cement factory company in its journeys instead of using fuel. Dr. Kalemani made the inauguration during his working visit to Mtwara Region to visit the Dangote Factory, inspect the Mtwara Electric Cooling Station and visit the Ntorya Natural Gas Well held on March 5, 2021. He said the factory planned to connect a total of 600 vehicles using natural gas, whereas in the first phase they have already connected 250 vehicles, in the second phase they will connect 350 vehicles. However Dr. Kalemani advised the management of the factory to merge all of its 1000 vehicles using natural gas in its journeys instead of oil. The natural gas processing project at the Dangote plant has cost 21 billion Tanzanian shillings, from the initial stages to its completion. "Gas consumption is cheaper and reduces about 45% of operating costs compared to fuel, it is also non-explosive and environmentally friendly, I urge all motorists, motorcycles, Bajajis and all fire engines to use natural gas in its operation," said Dr. Kalemani. He also said that the use of natural gas in the country, has not yet reached one percent of all gas discovered in the country despite 60% of electricity used in the country due to the gas with more than 57 trillion cubic feet so far. Dr. Kalemani said that, the Government's plan is to distribute natural gas throughout the country and explained that Regions that are not geographically easy to reach will be built large tanks in special centers to store and distribute the gas in various places. The government has begun providing opportunities for private investors to invest in the CNG business, including companies with gas stations that will be able to install gas pumps in their vehicles. More than six (6) companies have already been given permission to continue the business and are in the process of applying for permits from the relevant authorities for the construction of such facilities and doing business selling gears for the use of vehicles in the country. For his part, the Executive Director of the Tanzania Petroleum Corporation (TPDC) Dr. James Mataragio said that, the agency plans to build five major gas distribution stations in the Dar es Salaam Region. Dr. Mataragio made it clear that for the financial year 2020/21, TPDC has allocated 28 billion shillings for the
Or his associates...
Were you talking about Mr Dangote?
1.3p sounds right i had just over 1p in my head as a sensible average to try and achieve.
Surely not. I did try and look recently but gave up and just stashed the share as a im not selling at any cost job!!
What price did Zubair buy c.30% I forget now..?
My fear has been a cheap takeover but hopefully we get a chance to see it through after all this time!
Thanks for keeping us updated :D
Hang in there greatlanders ! So much news on the way. Being mugged selling atm..
GLA fingers crossed!!
:D
And another UT trade please Dave... (in the style of countdown)