Member Info for kread

At least BB has a handle on this.

The 60mil has been spent by he1 on tanz.

Usually a contract will allow he1 to recoup that money and the money needed before commercially proven, before the tanz government starts to receive any income.

To start assuming a partner will need to stump up at least 60mil is ridiculous.

There are so many variables of what type of partnership deal, if made.

Any dates for mid may Stan.

Tick Tok

Yeap motoring along, stan did you have a specific day in mid may for a partner announcement. Quite excited after youre prediction.

Has to drop to be more realistic.

Tanz a long way off forget 18 months.

3d seismic could take that.

6s gone 5s for a week or so, then.......well I dont need to say.

Haven't a clue why the mention of 18 months by the tanz government. No mention of it by HE1, quite rightly so.

I does make me laugh reading the blurb, I have been saying for months this is years away and got shot down. With predictions of a few months away.

Even getting a partner on board can take several months, a year or more.

But dont worry we are getting £35k a trailer, even that's a non starter as we do not have any info of how frequently the trailers are turning around.

Dont worry, stop panicking, farm in by mid May........ or may not...

Dont worry punt, Stan the man has told us farm out partner mid may. Only a week or so away.

Tick tok

No mention from he1 of a 18 month timeline.

Just a bit of hype.

Pop up today and drift back during the week

How's the mid may partner announcement.

Tick Tock

It is a non event, he1 have had the signed document for months maybe nearly a year.

This is a tanz government ceremony and I would say gearing up for the Rift ipo.

Pls remember tanz government have no skin in the game with he1, nothing invested. Just 17% of the company. No investment. It's what tanz government do with all companies, they wouldn't get a agreement if you said no.

Unlike the tanz government paying for a pipeline and gas sales agreement with aex. Thats skin in the game that he1 have a long long journey to may be acheive.

Still no partner Stan

Tick tock

There is a seller in the mix, clear to see looking at the trades. However good thing is the spnis stable for now.

No fundamentals have changed. We are due some news of drilling completed at least, so any time soon.

Have to admit got it wrong guys, I was predicting under 1p by results.

Well done to anyone who didn't buy in. Well done to PP and a few others who demonstrated with their posts this company is a sham.

My biggest upset is could not find a platform to SB a short.

What a load of tripe colerado worth 1.6p, that's 180m mcap really. Why is Bluestar mcap below 25m then.

Clap trap Stan. Loving youre may predictions though.

35k a trailer load doesn't make he1 a 60m mcap company.

Yeap 1 trailer, that £35k in HE1s coffers.

Without

Large dumps i agree but being absorbed with any drop, it's Africa we must remember.

Well let's hope so as you've nailed your colours to the mast and stayed JV news by mid May.

Tick Tock

Years. They will shoot 3d seismic first so from awarding a contract to shooting to interpretation would be approx 1 year.

Rukwa is a long long way off. If they get a partner.

Aren't we, you would do well to post for yourself, not others.

As each day becomes a week and progress behind the scenes clearly happening, there will be a decent update soon.

Also sp has been ultra resilient in these turbulent times.

Agree with your post, the unknown is how long it will go on, then the time it takes to normalise jet fuel stockpiles.

I do think there are going to be lower entry points though.

Yes EZY did refinance during covid.