RE: Undervalued5 May 2021 14:20
Well development in neighbouring Mozambique has cooled off and majors are looking at Tanzania. Total, Eni and Exxon are on the look out to sanction works on larger projects.
Tanzania's new president Saima Suluhu Hassan has been pushing the energy/ gas agenda forward at pace and has urged her team to work with investors to get projects moving and up and running.
Equinor and Shell have seen this shift and they are looking to move their projects forward.
There is a really good article covered by Bloomberg, which is worth a read. It all is very positive for Aminex and Ara. Solo/ Scirocco will no doubt have no problems getting a decent price for their 25% share of the project.