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The point is, if there is a Jurassic play, it's a new concept that will be tested with the drill bit and could lead to further increases in GIIP or the first potential onshore oil discovery in Tanzania.

There is huge upside in the Jurassic target, yet to be tested/surveyed. Hopefully it shines out like a beacon and the 3D confirms a strong amplitude and structure. Won't be long to wait on initial results before full interpretation.

The sp won't make real gains until first phase of seismic is interpreted, although early indications on data quality and findings will be interesting and will create buying interest. Depending on your strategy, buying now will guarantee a low price with maximum upside, and there's the chance of Kiliwani development being approved and the well re-entered. The seismic may continue into the new year if weather permits. Early signs of large structures will be welcomed.

December Rain Alert
Southern Region (Ruvuma Region): Light to moderate rainfall activities are expected in some areas with reduction of rainfall activities expected during the fourth week of December, 2021.

Maybe you should sell your shares Rojo if you think 0.55p is coming. I'll gladly buy them off you, as I'm sure a lot of other people would. this stock is closely watched, with money on the sidelines waiting to buy in on the sell outs.

Not surprised someone picked up 2.5m shares at 0.625p. What a steal.

News on the 3D seismic would be good. Must have started by now.
Great buying opportunity at this price. Measly 0.63p to buy.

Zubairs invested at 1.45p in the last placing. Company so much further forward now.

I would say with 29% of Aminex in Zubairs safe hands, evidently Aminex are still a vehicle for East Africa, and not just Tanzania. Zubairs are on a win win, already picking up 50% of Ntorya. I would say any Aminex sale of it's 25% post CH-1 will inflate a return on Zubairs, investment with cash if distributed to shareholders. On top of that, there would be a rise in the Aminex sp from a successful CH-1, if we think about it properly.

ARA couldn't give a hoots. They will still be the operator. If a major paid big bucks for Aminex and Scirocco 50%, ARA will just have a partner that's comparable. ARA would still benefit indirectly through their 29% holding in Aminex, and subsequent increase in sp, if Aminex had a bid for Ntorya. ARA may even bump the price up by counter bidding just to get more profit out of the deal.

Can't believe TPDC wouldn't want a well funded major or independent help develop the gas at Ntorya. Indeed I'm sure TPDC will tell ARA what they need to do or risk having the licence taken off of them. I'm sure when Scirocco sell their 25%, ARA will not object. It could be ARA that will buy it, but if Scirocco have an offer from elsewhere that is higher then it will be up to ARA to offer more, and so a bidding war starts. All depends on what CH-1 finds. I cannot imagine a situation where ARA who may want to increase their 50%, then turns around and says it doesn't approve another company taking over 25%, particularly if ARA was unsuccessful in bidding. You've got to think these things through properly.

Shareholder approval only needed on a buyout of Aminex. If drilling CH-1 proves up 3 Tcf of gas, Aminex can quite happily sell their 25% to the highest bidder. I would think Scirocco will hold on to their 25% until after CH-1. There is a possible 50% for sale to any highest bidder. Of course ARA can counter bid if they want to own 100%.

They'd have to get their cheque book out if so. All it takes is two bidders to want a share of a huge onshore gas resource with production and who knows what the price would go to. I remember Cove Energy went for £1.2Bn.

Lots of majors lurking around in Tanzania with their cheque books.

Yes, if they hit more gas and find oil then +10p. If they hit just more gas then 10p when it comes on stream in a couple of year. But might be taken out by then for more than 10p? who knows.

Yes ditch your shares. But bear in mind that sods law will rule that an RNS comes out propelling the shares north.

With more RNS's released, the pressure builds. Up to investors to decide what price they want to buy in at.
0.69p seems a good buy in to me!

Can't see the problem with a strategy of non operated assets with low G&A costs while someone else funds and does all the heavy lifting. Fuly funded to gas production of a minimum 140MMcfd. Anyone would bite your arm off for that type of asset. Aminex' assets are so huge, they dwarf it's company size and Mcap. Not for much longer.

It's all about delivery. For me, I'm liking the fact that all of Mr Santos RNS's have turned into tangible action. The next I see is the work programme for KN-1 North and Nyuni being confirmed. That and the 3D seismic having started. I wouldn't be surprised if as part of KN-1 and Nyuni we get a farmout announcement, continuing the theme of previous RNS's, or alternatively, the $1.7m loan from ARA being announced to go with the recent $1.85m received, to fund the re-entry at KN-1 and get gas production flowing again.

Looks like the power from Hydro is under threat. Tanesco installing gas plants to generate electricity. No sign of rains coming.

Nice find smudger63.
I like this.

There’s a new “sense of urgency because of the dynamic nature of the global energy industry at the moment,” Makamba said. “The message is clear from the president and the entire political leadership know that this is important, this has to happen fast.”