Member Info for mrc_mrc_mrc_mrd

Ahh I see these 2 are lashing out again with personal attacks.

Sorry if I have upset you lads?

Just look back at history AA.

We don’t even have anyone to sell our gas to yet!

First gas 2026 if we are lucky. Looks like no drilling in 2022 the way things are going.

Chris - you are still counting the payment dispute as good progress?! It took years and in the end they cut the payment in a take it or leave it settlement.

This is the customer we want to work with??

The thing about road blocks is that they are not always advertised. There will be many more I expect before any possible first gas!!!

It’s just the nature of the country at the moment.

History and fundamentals point to a lower SP

I have no interest or power to drive the SP up or down.

AA - sorry but the SP has fallen over the last 4 years on significant volume.

Lower highs and lower lows.

I doubt today is the beginning of a turnaround (I recall you got excited last year and encouraged buying at 1.85p!!!)

Volume is pitiful.

Looks like it is the MMs raising the price to attract buyers?

Lol Chris - there is always the next hurdle to get over in a country like Tanzania.

You tout the payment settlement as a great milestone. Actually we didn’t recover much of what was owed!!!

The Tanz government took years to pay then changed the terms!!

This is the country you think is great place to do business now???

I think we are seeing another terrible cost of Ruvuma.

The opportunity cost…just think how many AD plants we could have if the BOD had a little business acumen and had relinquished Ruvuma 4 years ago. There would be no need for Rycroft or the Gneiss Guys and their ludicrous fees.

“He also asked for the UK government "to stand behind domestic oil and gas in our energy transition" while the country should also "identify new trading partners" for minerals and other commodities, and enhance cyber security.”

Goldman Sachs and Western Union pull out of Russia https://www.bbc.co.uk/news/business-60691688

Steve - the Zubairs are trying to force a relinquishment IMHO.

Some on here have said that is the aim of the delays in bringing on early production.

Could happen as early as this year, but our foolish BOD (or rather self interested?) may try and drag it out as long as they can place shares.

Likely the reason for the lack of buyers if you ask me

Chris - do you think SCIR SP would be even lower without these milestones?

Market seems to think SCIR ownership of these “assets” is actually destructive of value.

Sorry Chris but none of these milestones you tout mean very much to SCIR shareholders. Even the BOD don’t talk about these so called achievements in Tanzania.

First gas is at least 4 years away, if ever.

Chris, nothing material has changed.

These road blocks will keep on coming. 2 years for the AEX approval I think?

Doesn’t bode well for the sale of SCIRs percentage.

Yep, Chris has been posting these local news stories for years. Nothing has changed in Tanz as far as I can see.

AA - what is more important in life than a good laugh!!

Better than crying over the near total loss of shareholder value here.

Lol this has become a bit of a pointless company ImHO.

Not many assets left to strip?

Money being funnelled out to consultants

They provide info on production for first 2 months and update on hedging and forecast

I’ve already switched my heating to frost prevention. Saves a few quid and do my bit for the war effort. Will see how long I last…managed 2 days so far

Jeffrey - seems likely. I will have to take back what I said earlier about a 10% drop being unlikely.

In my opinion this is medium term positive if there is some easing of the POO, and hopefully an agreement to end this war. Europe and U.K. are not suddenly going to row back on reducing energy dependence. North Sea is now strategically important.

Equally this wild swing seems a little speculative, so potentially we will be back up in the mid $120 Brent by open tomorrow!!

Yes reserves once infrastructure and permissions in place to exploit.

Several years away at least.

I can see the drill moving into next year based on the delays to date. They haven’t even started the seismic as far as we know.

TLW finishing on its lows. So much for that bounce someone was touting.

ENQ looking strong for a steady rise over the next 6 months.