Member Info for mikemike

JD if the investors walk away over that issue of arbitration clauses being inked out then TZ is not going to be seen as a place to do business. Unless you are Chinese.

may make an advanced staged Kibo an even re attractive proposition.

Q The IW2 horizontal fracture in line with the shale grain as opposed to a 90 degree to the grain vertical fracture is a possible reason for poor reservoir contact. Is this the leading candidate for the flow result from IW2.
A Orientation of fractures is possibly a contributing factor to the lack of connectivity to the reservoir.

I suspect a horizontal into the upper zone will be looking to test this

Ok so we need clarification once LC receives clarification of 300mw being ''extent to 600mw in the same location.

I take your point that this can be added to each year in the same location, subject to the tender process at that time.

Some clarity from LC would be helpful. I suspect he is still trying to get his head around it as well.

One thing for sure this NOT a failing by LC, this is across the board and the TG still wishes to reinvent procedures. Their country their rules.

I agree with a PPA submitted, Kibo is ahead of the game.

Is it not a concern that Kibo are capped at 300mw for MCPP?

As pointed out Kibo is not just going to be able to submit a new tender for another new project for 300mw in another location as it has taken so long to get this far and with expenses. Gone are the economies of scale?

I do not see a timeline for when Tanesco will announce who wins the tenders?

be spooked thank you for this article

Looks like there will not be an ''Extent'' to 600mw and above if they are capping at 300mw If so it is clear that they have no understanding of economies of scale and this may mean power cannot be supplied as cheaply as they would wish.

I do not expect to see a large up take in interest. Can we re run the guess the sp game 12.77p

Shribby

that is fair

I suppose we can flog the coal whist waiting.

Do you think that LC will take up the SML asap or tell them we will take the full notice period as we are awaiting final Tanesco policy and PPA.

That will focus a mind or two

But done politely and with full intent etc

I wonder if the Bulldozer and the AG know what Tanesco have done?

I like to think they do now!!

I suspect if the PPA was affected Tanseco would have said so by now.

As nothing has come through to clarify yesterdays RNS I suspect they are working out what the new tender process is for new projects and will release this with confirmation that the PPA remains as is.

Does seem to be on of those off beat places that would be fun for a Gm London to Rio and into stanley?

Spinefx

Yes i had forgotten they are an Oz crew

cheers mate.

re the potential farm out DW is aiming at Tier 1 oil companies. Ok the explains the data room in Houston.

Data room in Perth, tier 1 > Hp Billiton and maybe Woodside?

DW already has a shed full of shares, he paid at over 2p

This pay/reward system is not all about Dw it is BOD and staff.

Should they do well, so will we. i am ore interested in doing well and could not care if they get rewarded as well. max dilution is .05% on existing shares issued with options.

In retrospect it would have been better to have had this in place instead of BOD awarding each other share options.

All IMHO

dave

good morning, seems neither of us is sleepy:)

I agree i think it is potentially very good news and not many companies are going to be interested in tendering because of BITS withdrawl, and in fairness what is seen by many as constantly moving goal posts.

I believe Kibo have gone through all of that which others may not wish to dare.

this places kibo in a unique position with a significant competitive advantage. Tanseco believe LC delivered the best proposition they had seen. I cannot see many others wanting to even start the process. Yes there will be some, yet they have a lot to prove.

Oddly enough I feel more confident now than before. I see Kibo with early mover advantage.

Night night

The answer that Tanesco give LC is the only way we will understand what is actually happening. We will probably get that answer by the end of this week. That Tanesco have not answered may suggest they may be confused by the question:)

If and it is a BIG IF the PPA remains as is and does not fall under the new proposals as it is so far advanced, this may be a very good opportunity. The sepco connection is looking more and n more like an astute piece of management by LC. Acacia certainly seem to think the 'Chinese connection'' this is the way forward. Kibo is well advanced in that direction.

With Tg leaving BITS the number of companies stepping forward to tender is going to be reduced. Internal rules of those companies may prevent dealing in places where a BITS treaty is not in place. The Chinese will not be affected by such considerations as share holder meetings and other such pesky details.

LC knows how big the ''in country risk'' is, knows it better than most. probably knows how many companies have peeked at Tanzania, baulked and walked. I suspect he knows the realty that few companies are going to be interested without BITS as a back stop.

I do see why this could represent a fantastic opportunity to a well connected small company. I certainly do not see a home company making any progress, they just do not have what it takes. Tancoal saga being a prime example.

Having followed my own guidance and taken time to think this through some more. I am more relaxed about this now.

Yes Tanseco could ruin my week if they come to a different party!!

''Or is it that GoT policy is made up as it goes along?'' having reports re formatted at the end of negotiations suggest you are closer to the mark. Could be that Tanesco do not know the answer and are seeking guidance from the AG?

I am sure that if the knew the answer they would have said so. Anyway a couple of days to find out if it means something or nothing. I wonder how many companies can slam in a tender in the space of a month that is going to be credible bearing in mind the documentation submitted.

I could be wrong but I see this as an additional 600mw project. If so, Kibo already has the template

Time will tell

''Todays news is in no way negative and actual quote is as follows:
It also does not in any form or manner put the merit of, or support for the project in jeopardy - it is only relating to procedure and over that Kibo has absolutely no control since the client is the GoT. The Company has always cautioned that this part of the journey will be the most challenging part since it does not control it.''

thank you for this.

The only part of that which is not good is entirely down to st brides

''The company is very busy and doesn't have time to reply to questions.''

For a PR company representing its client's best interests this is a woeful response. Hope LC sticks it to them.

It's quite clear they are very busy. or are they referring to themselves as they do seem short on ability to respond to e-mails. Either way response is well below standard.

Pinkor they already have their license and they are mining