RE: some tired, buy on dip...23 Sep 2020 10:45
Lest we forget...
https://www.thecitizen.co.tz/news/Government-reveals-four-new-oil-and-gas-fields-with-high/1840340-5296680-y7e9lwz/index.html
The government has outlined four areas that have high potential for natural gas discoveries and is calling for investors to conduct further studies. Energy minister Medard Kalemani told the Oil and Gas Congress 2019 yesterday the areas include Ntoria, Western Songosongo, North Mnazi bay and Ruvu.“The areas have the potential of generating at least 5.2 trillion cubic feet (5.2tcf) after exploration and drilling activities,” he said. He said Ruvu alone has potential of at least 2tcf, Ntoria with 1.6tcf, Western Songosongo with1.3tcf, and North Mnazi bay with 0.3tcf. If discovered, the new findings will raise Tanzania’s natural gas discoveries from the current 57.5tcf, making the country’s total natural gas reserves to 62.7tcf. “The investments are not only for exploration and drilling new wells, but also in the available natural gas. We want more investors in the sector to increase the consumption because it is still in very low pace,” he said.
Hope this is signed off soon rather than later and before election.."more investors in the sector" won't be enticed if no progress..