Member Info for RogerJolly

"We have discovered the presence of oil in some rocks in the regions of Ruvuma, and Coast (Rufiji), some gas wells also have the ability to produce oil, which is good for the country," said Sabuni, adding that the university invites investors to use the study findings to produce the discovered oil.

Barama. It was the university and yes Rufiji within Ruvuma as it stated which is north of the 3D area.

Yes I've just seen on Telegram. Very strange. Maybe it's been leaked to the press without government consent

Https://www.thecitizen.co.tz/tanzania/news/national/udsm-makes-oil-discovery-in-rufiji-ruvuma-4289708

Perhaps some sums could be done on the basis of what they hope to get out of the current first gas project. Again we don't know yet what the tests reveal, but assuming what they expect to get must have sime added value to where we are now.

Well I did already say it was true what you said Crusty. My point was and still is that we invest our money with hope of a return and if there is no indication of such return, then only day traders would bother.

All true, but that doesn't mean we shouldn't be looking at where it might be and where it could go based on what we are aware of.

Surely you would agree people invest long based on potential future values, so although it may not be 100% accurate the excercise is imo still worth while, even if only a rough guide. Who knows, we may get a much higher price anyway and variables will always be exactly that. Variable!

So SC based on gas estimates atm moment what would be company value at the 3.71 price?

Tanz, it doesn't look nice for your mate Mick20 at Wentworth

The Company anticipates, given the absence of recent investment in the Mnazi Bay field and continued cost recovery, that H2 2023 production will include significant periods where costs have been fully recovered, leading to substantially lower revenues

· The Government's re-examination of the historic cost pool audit for the years 2013 - 2015 is ongoing; any reduction in the current expected cost pool balance as a result is likely to further impact revenue going forward

In the April airbus images on Google Earth. NT1 has had the undergrowth area cleared back away from the perimeter fence. On NT where the next work is to be carried out there have been two huts built. Also clearly seen on the above images

That can be said of any drill, exploration or appraisal. The risk is the risk which we all take when buying on hope of success.

If I don't like the chances I don't buy. I got caught last time, but I'm not crying, that was the risk reward. I've since averaged down and still need to see success to recover my money, but if it comes then, making profit for me will be about the next drill.

I'd all but written it off after the duster, so just happy to have a chance of revovery.

Yes Aimster the AGM is booked. I'll be there, how about you?

I'll not waste my fingertips when half the questions are either blatent lies, or not even relevent. Our weekly newsletter author is no better that a soap line left around a mucky bath. Not sure why he wastes his time tbh

Has to come out the cage at least once a week Smudge. He's got Hammies Wednesday essay to write

I also don't see the relevance. The LNG is about building a plant that will take many years and I really cant see a GSA being set for that so early. Maybe some inflation proof guarantees, but no set figure at this time whereas the GSA for Aminex is for gas to produced from October onwards. If anything was given priority I would argue that it would be the early supply, because the country is at a stage where it needs more right now than is being produced. Can't say which will come first though. Time will tell, but I do think we may get something substantial before the AGM

If you look at the latest Google Earth image of NT2 April 23 You will see there has been some activity on site with two huts built on the edges that weren't there in the previous year

Ok Hop 👍

No offence? So what is pious supposed to intend. For a week or more people have done nothing but moan, whinge and predict it's all falling through. Honestly, so many are behaving like children in the car. "Are we nearly there yet dad?"

Pious? No, just fed up of hearing all the BS speculation and knowing most of it is coming from game players who dont believe a word of their own BS.

Until HE1 tell us there's a problem, then there isn't one! If anything happens that could materially effect the sp (good or bad) then they are duty bound to report to the shareholders. Right now, we only have Nobles words to go on and that is just hearsay and you should know their words were ramping for a raise. If we don't get an RNS by next Monday telling us the rig is on a ship then I fully expect to be picking more dummies up.

I'm no happier than anybody else that we've heard nothing yet, but the world hasn't fallen in.

It took six months for my solicitor to deal with selling my house two years ago and here we are with a three way multi million pound deal, shipping companies and export import licences for two different well know slow on red tape african countries. Get real, have patience, play i-spy or something, we'll

be at the seaside when we get there 😎🌞

Yes thanks Dai. Latest were yesterday and are retaken every five days. I think its a guy called Josh that resources them from sentinel satellites. Google Earth is a year out of date in Taus particular area, but has updated in April very close by. Hopefully will catch up soon

I just can't be dealing with all the pessimism guys. If we are here, its because we believe in the project. If we don't then we should go elsewhere and not bug those that do.

But let's face it, we all know why they do it. Each one trying to out rob everyone else 🙄