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Tanz, if you want a simple calculation to show how far out the previous 'stab' was of $167 billion - at $3.2 per 1mcf (KN GSA) then 1TCF is $3.2 billion. Obviously that is a very simple calculation not factoring in many things over the 30 year period they are extracting the gas including taxation.
Ruvuma alone would be $40m per year (as documented in the IO report and aminex farmout circular) but funding it to get there seems beyond their reach and doesn't align to their strategy.
Not quite northern, but that depends on what you're waiting for. They'll probably be a good couple of months before once the drill date is announced where price action will likely happen.
I think that was in the context of no buyer at present and having to put more money into it with no guarantee of anyone other than the zubairs being interested who hold an upper hand. If they have a buyer then that changes things somewhat. The quicker cards are revealed the better for anyone invested.
Play the ball, not the man. If they don't prove the return for this move fairly quickly, the sp will feel the pressure of negative speculation. It doesn't look great on the surface given past performance.
Long way to go to make up for the past 3 years. 25k a month doesn't cut it. It's a start though.
A couple of people decided to buy some shares. Let's see if more follow next weak, but that's it really. Amazing how quickly people jump onto a few purchases as some sort of tide turning. News needed and to the wire as always in terms of what's been communicated. Q3?
They'd take a 20th of that. Remember that value will be realised over 30 years of extraction.