The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
That article don't mean anything as nothing concrete has happened in over a year. The Tanzanians are speaking with fork tongues. Do they actually want this project to get off the ground? Their words don't match their actions.
You can not believe a word these government officials. They have created delay after delay for months now and feel no obligation to move any faster. Why has it taken so long to agree a farm out and grant a psa if this gas field is of national importance?
Look mate this whole process us taking too long. The Tanzanian government are incompetent they want inward investment but can not implement things in a timely fashion. Ok the resources are theirs and there is demand which is growing but why does it take so long to grant a license and drill a well.
Mate why should be waiting so long they made this discovery over 2 years ago and they still have not started drilling. It has been excuse after excuse from Aminex and delay upon delay from the Tanzanian authorities.