Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
The upside will be tremendous!
.....we have an abundantly clear spin of the roulette wheel.
I wonder what the upside may be? :-D
What is fair value post farmout?
Commencement of 3D seismic + drilling should be announced around the same time?
https://www.qampetroleum.com
Maybe it's been shipped to Oman? ??
Well aware they are historic but makes you think what they look like now doesn't it! :-D
It's an old image. But reassuring for some to see?
;-)
https://furtherafrica.com/2020/09/08/tanzania-talks-with-lng-energy-investors-to-start-soon-tpdc/
Tanzania talks with LNG energy investors to start soon – TPDC
BY STAFFSeptember 8, 2020
Leave a Commenton Tanzania talks with LNG energy investors to start soon – TPDC
03:26 Listen
Tanzania Petroleum Development Corporation’s Managing Director, Dr James Mataragio said in Dar es Salaam last week that the host government agreement talks with the consortium of IOCs led by Royal Dutch Shell and Equinor will pave way for a final investment decision.
“We are making progress because we have just completed land acquisition after compensating all affected people in Lindi Region,” Dr Mataragio noting that progress has been made with TPDC paying over 5.4bn/- compensation to villagers in Lindi Region the pave way for the gigantic project.
“We are preparing to resume HGA negotiations that will lead us to FEED. The HGA negotiations are due to start any time from now,” the TPDC Head added. FEED stands for Front End Engineering Design.
In June, Energy Minister, Dr Medard Kalemani told parliament that, “Construction of this project is expected to start in 2022 and will be concluded in 2028. The project will have capacity to produce 10 million tonnes of LNG a year.”
In his budget speech for 2020/21, Dr Kalemani noted that the government has been holding individual talks with the oil companies to agree a “host government agreement” since last year with reported deadlocks on how to share revenue from the exports.
Commenting on progress being made in implementing the LNG project, Equinor ASA Press Spokesman, Erik Haaland said for the LNG project to proceed, it will depend on having a solid framework in place. The key project agreements are the production sharing agreement and HGA, together because they form the framework for the investor to mature the project towards a final investment decision.
Also read: Tanzania reopening of its railway transportation corridor
“Any delay in agreeing and establishing these agreements, will result in postponement of the project start-up. Equinor believes there is a good opportunity for the parties to negotiate a framework that will benefit Tanzania, Equinor and the other partners in the project,” Halaand stated.
The entire oil and gas industry, including the LNG markets, has gone through turmoil these last months, however, Equinor believes in a long term sustainable LNG market. Other members of the consortium led by Equinor along with Royal Dutch Shell are Exxon Mobil, Ophir Energy and Pavilion Energy.
Seconding Equinor’s position, Shell Tanzania’s External Relations Manager, Patricia Mhondo said the company is keen to move forward with the HGA discussions and look forward to government’s guidance and clarity on how and when that process will recommence.
“The HGA is an important milestone as it seeks to establish a clear legal, fiscal and commercial framework for the LNG project. The completi
13th May you had 3m shares?
Swala Needs FCC Approval to Complete Farm-out of Tanzanian BlocksSource: www.gulfoilandgas.com 8/5/2015, Location: Africa
Swala Energy Limited (Swala) is pleased to advise that its subsidiary company Swala Oil and Gas (Tanzania) Plc (SOGTP) has received a no objection notice from the Tanzanian Ministry of Energy and Mines to the farm-out of 50% of its interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (TPL).
With the receipt of consents from the Tanzanian Petroleum Development Corporation, the Tanzanian Revenue Authority and now from the Ministry of Energy and Mines, the Company is awaiting only the consent of the Fair Competition Commission (FCC). The Company shall update the market once this final consent is received.
Dr. David Mestres Ridge, Swala CEO, said: "The rapid approval by the Tanzanian regulators to the farm-out of the SOGTP licences illustrates their desire to encourage activity in this important economic sector. We are confident that the FCC consent shall be received soon, which shall allow TPL to join the licence joint venture ahead of the planned drilling campaign.”
https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=46024
Google...
fcc tanzanian "ara"
Interesting?
Obviously back to front sorry!
.....Submissions must be submitted to the FCC at the address below.
Director General,
Fair Competition Commission,
GEPF House, 2nd Floor, Plot No. 37, Regent Estate,
Bagamoyo Road,
P. O. Box 7883
Dar es Salaam.
Tel: +255 22 2926128/29/30/30; Fax: +255 22 2926126.
......Production Sharing Agreement, a contract signed on year 2005 between Government of Tanzania, Tanzania Petroleum Development Corporation (TPDC) and the Ndovu Resources Limited.Based on the Farm-out Agreement entered between merging parties, the Target Firm is selling 50% of its interest rights to the Acquiring Firm.FCC is currently investigating the intended acquisitions in line with the provisions of the Fair Competition Act No. 8 of 2003 and the Competition Rules, 2018.Pursuant to Rule 49 of the said Rules, parties (both legal and natural) whodeem themselves as having sufficient interest in this merger, or, if the mergeris not objected, it will have or is likely to have material effect on their interests, are hereby NOTIFIED to register their interests and or objections (if any) or file any information that will assist the FCC in reaching just and reasonable decisions with regard to Acquiring Firm’s notification of the intended merger. All such parties shall file and register such interest(s) or information by way of written submissions to the FCC within FOURTEEN (14) days from the first day of publication of this notice. No submission filed after the said deadline will be accepted.Registration of the said interests or objections or information should be accompanied by a duly filled Form FCC.10 (Notice of Intention to Participate found in the First Schedule of the Competition Rules, 2018). Failure to fill in Form FCC.10 will deny a party the right to make any oral submissions before the Commission and the presence of that party in the proceedings will be as an observer only....
IN THE MATTER OF THE MERGER NOTIFICATION BY ARA PETROLEUM TANZANIA
LIMITED TO ACQUIRE INTEREST IN NDOVU RESOURCES LIMITED
PUBLIC NOTICE
(Made under Section 65 (2) (g) of the Fair Competition Act No. 8 of 2003
and Rules 42 (5) and 49 of the Competition Rules, 2018)
The Fair Competition Commission (FCC) is an independent statutory body
established under the Fair Competition Act No. 8 of 2003 (FCA) with the
object of enhancing the welfare of the people of Tanzania by promoting
and protecting effective competition in markets and preventing unfair and
misleading market conduct throughout Tanzania Mainland.
Under the same Act, the FCC has powers to investigate, inter alia, entry into
and exit from markets. The FCC has received merger notification to the
effect that ARA Petroleum Tanzania Limited (The Acquiring Firm) a
company incorporated in Tanzania intends to acquire certain interest in
Ndovu Resources Limited (The Target Firm), a company incorporated in
Tanzania.
The Acquiring Firm engages in exploration and production of oil and gas. It
is an affiliate of ARA Petroleum LLC, a company incorporated in Oman. It is
charged with exploring, appraising and developing the Ruvuma license
and its gas discovery.
The Target Firm is also engaging in exploration and production of oil and
gas. It is owned by Aminex Plc, a company registered in Ireland. Currently,
the target firm has 75% interest in the rights granted to it under the Ruvuma.....
Results of Annual General Meeting
Each of the resolutions put to the Annual General Meeting held in London on 29 July 2020 was voted on
by way of a poll and the results are set out below. All of the resolutions proposed and considered at the
Annual General Meeting were approved with the exception of Resolutions 10 and 11.
Resolution Total For Against Vote
withheld*
1 To receive and consider
financial statements and
related reports
1,326,599,816 1,158,528,719
(87.33%)
168,071,097
(12.67%)
11,274
2 Resolution withdrawn - - - -
3 To elect Robert Ambrose 1,313,706,176 1,312,133,756
(99.88%)
1,572,420
(0.12%)
12,904,914
4 To elect Jan Gunnar Opsal 1,326,560,274 1,311,662,703
(98.88%)
14,897,571
(1.12%)
50,816
5 To elect Harald van Dongen 1,326,560,274 1,308,062,703
(98.61%)
18,497,571
(1.39%)
50,816
6 To appoint BDO as Auditor
of the Company
1,324,440,274 1,324,419,649
(100.00%)
20,625
(0.00%)
2,170,816
7 To authorise the Directors
to fix Auditor’s
remuneration
1,326,440,274 1,326,419,649
(100.00%)
20,625
(0.00%)
170,816
8 To approve the Aminex
Restricted Share Option Plan
2020 (the SOP)
1,326,451,548 1,139,896,079
(85.94%)
186,555,469
(14.06%)
159,542
9 To authorise the Company
to grant up to 75 million
options pursuant to the SOP
1,326,491,090 1,139,486,669
(85.90%)
187,004,421
(14.10%)
120,000
10 To authorise Directors to
allot relevant securities
1,365,334,355 174,350,411
(12.77%)
1,190,983,944
(87.23%)
140,625
11 To authorise Directors to
allot equity securities for
cash
1,363,765,866 172,821,464
(12.67%)
1,190,944,402
(87.33%)
180,167
12 To authorise Directors to
convene certain General
Meetings on 14 days’ notice
1,326,571,548 1,324,560,274
(99.85%)
2,011,274
(0.15%)
39,542
*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution.