RE: Reaction1 Jul 2021 13:13
My view on yesterdays news, for what it's worth.
We have the tender in for the 3D seismic, but this will now be delayed, obviously having a knock on effect for the rest of the work programme. I always believed that Aminex could not afford anymore delay, and yet we have one.
We still await licenses, receivables owed (still being argued over!!), and Kiliwani still not resolved therefore denying us any income whilst we wait for any green light to proceed. Will Kiliwani ever be brought back online?
I was under the impression that ARA had a fantastic relationship with the Tanzanian government and most thought that this would speed up the process, so whether the delay is their own judgement remains to be seen, but I see little improvement from what has theoretically been a load of in country noise that Tanzania is a better place to do business.
We keep the lights on until June, less than a year , and then what?
I am strongly of the opinion that progress at this moment in time is worth way more than a resource upgrade, and even one ticked box from the above will show us that the government means they mean business, after all they did approve the farm out.