Member Info for PageofCups

Reference to the upside as identified by the operator. Previous volume estimated as 8,236 Bcf unrisked. How much of that will be confirmed by the 3D?

The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. Additionally, the survey will provide greater clarity of the potential upside of the discovery as identified by the operator APT, through a re-interpretation of the existing 2D seismic dataset. APT's revised mapping and internal management estimates suggest a risked prospective gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (gross basis, mean case), in multiple lobes to be tested, and a prospective, risked recoverable gas resource of 1,990 Bcf (gross basis, mean case); and

APT continue to progress with well planning for the CH-1 well with key contracting now being undertaken. The operator continues to target a Q3 2022 spud.

The heavy prep work for the 3D seismic has been done. They will be shooting the 3D seismic in mid February, probably next week, which doesn't take long to do as it involves 5 vibrosis trucks. Data comes back real time and will be downloaded and analysed to ensure it is capturing the targeted structures. The weather forecast for February looks good.

For those that bought at 0.5p, the waiting has yielded near 100% return. That's before any value has been recognised by the market for the Ntorya discovery. Market will start looking forward to the value now operations are moving, which means increasing sp. Traders can sell, but they just get replaced by buyers. By the time traders come back nearer the drill, expect to be paying 3p. A 600% gain for anyone who bought at 0.5p and just held. Slowly slowly, catchy monkey.

Be back up tomorrow now that 3.4m has been soaked up this afternoon.

3.4m digested. Onwards and upwards.

Interesting day. Up 15% on low volume but mostly buys. Shares available must be few in number.

Perfect buying opportunity. Ready for the march to the drill. It's a biggie, don't you know.

Crustylad, do not fret. 1.3 or 1.4p will soon be here and more.

Rojo, if people listened to you when this was 0.4p, then they would have missed out on a 100% gain. Enough said.

Sorry end of Q1.

Looks like as suspected, they are doing phase 1 and 2 of the seismic together. 338km2 in one go. Makes sense, and if anything, probably speeds up the full results of the survey. The 2nd phase was only going to get going end of Q3. Now it's all being done before end of Q3. It will give a more complete picture.

Maybe they have done both Phase 1 & 2 of 3D seismic.. Originally they were only doing CH-1 drill area.

Tanzania is the place to be for gas. Majors are moving in and plenty of $$$'s to be made now the government is a lot more friendlier to do business.

I think people watching and hoping this drops so they can buy, but unaware of hidden late reported buys soaking up any sells. There's some profit takers on the recent rise, but they are short lived before the sp gains again. A bit of consolidation around 1p before next move up.

1m sell earlier, but just before that 1.4m buy reported late.
News incoming shortly. Been a while.

Nothing wrong with today. Building nicely for more gains.

Extension is good news imo. The worst scenario was the licences would have been forfeited. BOR in a much better position.

Previous RNS said update on licences and funding shortly.

I wonder what FIG have seen/been told?

Licences extended to 31st December 22