RE: Licence expected before end of Oct?25 Sep 2019 15:13
OG- It’s ARA that’s holding this up at present.
They are spending all the money and they are looking much further than just the drill.
Pipelines/who’s paying/time frames/GSA, s for minimum requirements etc.
These all have to be in place.
The boot has now moved up Tanzania,s arse if they want this project moving, which they do as ARA want it all ironing out before they proceed.
They make money through gas to market and until that route is cast iron and in writing they won’t move.
Larger Schematics for the well have been recorded.
If you remember they nearly royally fu**ed up NT2 due to the pressures,schematics used.
That well alone could have produced much much more than the 17 scuffs they attained.
Watch this space on that one moving forward with ARA running the show.
Everybody knows the next drill is a biggie
Karoo source rock up dip from the old NT2
If they are going to find oil it will be here
Already found oil shows at NT2 and those in the know are pretty excited for the upcoming drill
Very high pressures expected!
News soon.