Member Info for Macqui

Ask (Brockham) yourself even with fracking will the Opex be too high-then consider all the risks from production to political.
Will you wast your life chasing false dreams? Or move and learn from mistakes

where is that bottom kissing Walrus and Doose

Time to rinse and repeat the stetson

What happened here? Pieces of What?

After observing the Slovenia governments actions; And thinking WTF! It hits home that Slovenia is defined in the interational democracy index as a "Flawed democracy" - it also amazed me how many there are in the EU, as someone who is not an opposonent to the UK's EU membership!

With current lead times for permiting this can't work with ideal lead times with permiting (in lalala land) the licence will run out.

David Lennigas is praising the Portland the conventional oil bearing layer. The critical geologist praised this too. But what anout th the Kimmerage? Will it need continual stimulation and drilling? Is it like treading water?

If you perform a content analysis of related news output wheels in the Tanzanian gas industry seem to be slowly turnings. Hoping we are onboard.

Otherwise investors may want to organise and put forward an articulate and diplomatic couple of reperesentatives, to try to get a meeting with someone from the Tanzanian embassy to UK or Eire. As much of the re-negotiations in the region are to ensure the Tanzanian people are not swindled by the big guys -"hello we are the little guys our end".

I'm optimistic for the moment. (Hold / Speculative buy)

Dodoma — The Minister for Energy, Dr Medard Kalemani, asked the Parliament to approve a total of Sh2.142 trillion for his ministry for the financial year 2019/20 on Tuesday, May 28, 2019, saying 95.1 per cent of the cash will be spent on three strategic projects.

https://allafrica.com/stories/201905280863.html

DAR ES SALAAM, May 28 (Reuters) - Tanzania expects a consortium of international oil companies to start building a long-delayed liquefied natural gas (LNG) project in 2022, its energy minister said on Tuesday.

https://uk.reuters.com/article/tanzania-lng/update-1-tanzania-says-construction-of-lng-plant-to-start-in-2022-idUKL8N23459P

Otherwise compo gas

Glad to see the processing plant is approved. It was once said, from many sources, that this would signal field development green light. It may still be the case, or cave in from pressure.

The project becomes viable really only when well stimulation work overs are approved in a timely way and the concession on the whole field is approved for extension . If the same lead times apply it is difficult to to see this working. So time will tell with new environment minister.

The approach of gas as interim solution in Slovenia's energy mix is a good idea IMO. As with AST's diversification.

When AIM shares talk the talk it normally means fund raising after a spike leaving vocal and fed up 'spiked' investors. The Solo link helped spiked this share previusly . However I appreciate those previusly spiked just want to get out and encourage this too. There are majors involved in the negiotiations with tanzania this abscence in the Weald Basin, for example where Solo are involved in is more worring.

expect an RNS

Looks like same money that's been in and out IMHO over the years (rinse and repeat)

The city and the The Oil and Gas Authority are just waiting to see if this is feasible. Not much different from cost and frequency of Drills vs Output. It might just turn over. Look for examples in the US. Or carry on the way most AIM companies do with share holder support. So yes where is the farm in from a major.

Otherwise this is just trading on spikes and generating work for the lucky-but may hit the 777 reels one day.

Further reading
SPE 102505 (2006) - “The Selection, Application
and Misapplication of Reservoir Analogs for the
Estimation of Petroleum Reserves” by Sidle and Lee

What is the highest price the share could reach over the next two years?

Keep way from fracking even if it a dry frack people will say you are fracking

Fossil fuels are unpopular with the public, like ginger people misunderstood for no good reaso and peope can call you all sorts of names with no legal and little comeback.

If it is 'green' the Government give you money if it orange you are only useful to keep the lights on.

"Progress due diligence on new projects." This was put on hold, when printing shares was put on hold. This made company leaner. But in hindsight this might have been better at that price at that time.

I did not think it would happen until after the consolidation of the 1/3 penny shares