Member Info for matherdj

'but they being them would cop out of it by saying what’s under the ground in Tanzania is unproven'

It's 2C resource. It's there, but is contingent on development.

https://newsroom.bt.com/bt-secures-industry-first-global--partnership-with-oneweb/

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.

I think you need to work on your maths.

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.

I think rig mobilisation and spud date confirmed will get you there. Money to be made before the drill even happens.

They can probably see further than the end of their nose. Still a way to go, but good progress being made.

If/when they announce a spud date next year, would you buy, Rojo?

Much needed money. Great news :)

KN GSA was $3.2 per 1mcf.

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.

For a short time tanz until production. Don't be left holding the baby.

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.

'CH-1 has been specifically chosen to test the deeper Jurassic oil target'

Have you got a link or page in a presentation/rns that says this? I mean in terms of targeting oil?

Long way to go to make up for the past 3 years. 25k a month doesn't cut it. It's a start though.

2022 should be a good year here. All looking good now with seismic starting and funding sorted.

Progress :)

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.

A proper deep fat fryer?