Post Saturday Signing5 May 2026 10:58
Further to the Holiday weekend Jolly in the southwestern sunshine of Tanzania, we are not much further forward, and need some answers!
Who are the directors of Songwe and what remuneration will be involved ?
What fee or percentage will PVE receive - no success/ no fee basis or a big fat upfront fee with add-ons ?
Will the new Chairman be on better terms than his predecessor ?
Do we still have an operating rig, what maintenance has been carried out, or is it seizing up and going to require a major overhaul before it can drill a serious deep well again ?
Will the 10 year license be extended forward to the signing date, or have we effectively lost 14 months payments already ?
We got dished out a typical HE1 RNS this morning, and we really need further clarity, and soon!
Judging by the market reaction and the quiet response on here, things are far from rosy right now, and we have a time limit hanging over us now! Mmm ๐ค