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Thanks for your reply and I'll check out the article. My question(s) was(were) more about maths and with the gas price known and flow rates not, how does that work with what you've calcated?
On the 200m per 40 bcf. - whilst not your comment, surely you must have one?
If you look at GRHs figure for 3.65 bcf, that nets $19.7m to predator and if you times that by 10.96 to get to the equivalent of 40bcf that would net $215.92m so I don't see how it could possibly be 200m per 40 bcf to even get to sit at the table (unless I have miscalculated).
Also quick Q GRH- when it comes to your calcs it starts with what looks like an example flow rate of 10mmsqf/d. When the calculated multiples are shown based on the size of the find, I'm guessing that also assumes the flow rate is increased proportionately?
FYI, I'm not an oil guy and would class myself as a complete novice.
And if they answer 'yes' to that, it gives you no more than you already know is the plan? And plans can still change. Not saying it will, but what's the point in that. They can, however, surely tell you if the flow test happened or not even if not with details. Maybe 'it flowed as expected".
My conclusion is they need to make use of their resources to improve the economy and living standards of the country. Unfortunately, that isn't a recent development and as always, it's a question of how long till they do.
That's 0.5% of the predicted power required by 2030 and isn't much good when the sun isn't shining at night, but I get your point. Tanzania needs to use or lose and time is, and has been, ticking.
Tanzania, if you think one poster can keep a companies shareprice down, you're hardly showing your own confidence in the companies chance of success. Might be keeping it down yourself with that mindset if following your own belief in individuals ability to affect the shareprice :)
What's your ex wife name and address please?
Tanzania, the shareprice is completely in the hands of ARA/AEX and the progress they make towards all the items listed in the last RNS. If you are confident, just relax and wait. These boards will have no impact at all if they start showing tangible progress.