Member Info for RogerJolly

No it doesn't answer my question Dickie, you are being far too vague.

"What I want to know is HOW commercial they think this is (along with all the usual caveats of course)"

What figure do you want to know?

How do you think they will ascertain how commercial it is?

What part of a unique system do you not understand?

Do you not think the reason for moving into an appraisal stage is to find the figures you appear to be looking for?

Do you seriously think they would go to the expense of....

1. Completing the well for production?

2. An EWT?

3. Having the modular production plant designed?

4. Having an expensive environmental study done over six month period?

5. Create a complete sub-surface model?

6. Completing a feasibility study?

7. Making a mining licence application?

With all the finances to complete that little lot, do you seriously think they would go that far if they thought it would not be commercially profitable?

I already have my substantial sums in with multi 7 figure shares and they are staying in.

Whether you invest is of no concern to me but causing unnecessary concern is because that puts off new investment.

Perhaps if you were to put your £100k in you might just affect the sp yourself

The company will already know roughly where it plans to drill the 25 to 30 wells that they talk about.

From experience with Aminex gas explorer in Tanzania, the company has to be careful about what it reveals and where the wells will be drilled.

There arre two types of land in Tanzania, one is local village land controlled locally and the other is general land which the government have more control over.

One issue in Tanzania is if you publish the location of your wells prior to purchasing the land required, the locals will put a shed on that land and claim that land as their own therefore vastly inflating the price. No different to here really as people will seek to profit from the situation, so effectively some information is classed as commercially sensitive and you will only get to learn of that at the last minute.

Dickie, your patience has been running thin since you arrived here. What information do you want to know? Would it help if you knew how many toilet rolls they use a week? They have done a feasibility study, that study indicates they have good reason to announce discovery of a commercial development and as such they are moving into the appraisal stage. This was based on the findings from the earlier stem test and the latest EWT. These figures were put together with the sub-surface modeling that has been done over the recent months. At this stage there is no further valuable information that would help you.

If you think there is, please tell me what and explain what difference it will make to you?

Can you not read either Max

IG if you read the RNS you will see it is going into the appraisal stage.

You are already aware this is a unique system and its now been declared a commercially viable development.

Figures will come in due course but commercially viable means profitable in anyone's language but those who have no wish to see.

Even better buy now than it was first thing

The details of the feasibility study outline and demonstrate a commercial development plan in southern Rukwa.

When hundreds of green boxes have been saying its not commercial its not going to happen for weeks then when the licence goes in they will be up the duff and people will see them for what they are. Con men of the worst kind.

Way too much expenditure already committed before we even got to this stage for it to be anything else but a success.

Have you been asleep lately David? Lots has happened this year and lots more to come.

Before you build the house, the foundations have to be laid. Last weeks news showed the world that the foundations are now ready for the build.

Rather obvious unless we get an intraday release, they will not announce the application until the morning after its done.

It's very easy to say we can't compare to February because of shares in issue because it's true, however in February we did not have what we have now, and that us also true, so it needs to be taken into account that we now have something tangible rather than just a dream.

Not only do we have Itumbula proved up, but we now have Colorado entering the development stage.

The company is now in a much stronger position than it was in February. We have been told it doesn't need any financing until at least after the mining license is issued and at that point they expect bank finance or off-take agreements to be settled, so fear of any raise to hold this back is a total nonsense. Even the idiots in the green boxes know deep down that this is worth far more than it stands at the moment. Totally oversold and especially with six drills coming up before Christmas the news flow here is going to be plentiful.

Patty are you saying you don't know?

Why even think that when they only said a few days ago that the mining licence application will be in before the deadline of the 17th. It's not the 17th until Tuesday for god's sake

Wisdom? 😂😂🤣 Well known to give you toothache but as ever you never answer the question. Oh well I tried to have a conversation, but I can see you are still a ferkin idiot. Leopards never changes their spots.

Time for the green bin, you simply not worthy of debate

I don't need to be Warren Buffett to know what I'm invested in. Am I frustrated at the length of time it's taken? Of course I am but it has never changed what the potential outcome is here and now the 3d is done we are up to a potential 8tcf which is not bad considering we were only after something like 250 bcf in the first place.

Anyway for the third time are you going to answer the question about shutting up?

Mr Market is asleep and switched off to Aminex for the time being and the very reason you suggest. Nothing has happened for so long that many it appears including you, do not realise the significance of Tuesday's event. As I explained you do not make a mug of yourself with statements in front of a world wide audience like that without being 99% confident it's going to come in on time. That tbh honest is why I am surprised to see such a minimal response but hey ho!

It's up to you and other investors whether they want to get in on this low level, I can't make them but I do suggest they could be missing a big trick, because one day the RNS will come in and they could miss out through lack of awareness and it could cost them.

We are no longer talking of an unspecified scale time here, so as my earlier question will you shut up when the excavator buckets start moving and accept that its all going to happen?

I you put as much effort in on the positive side as you do with the negative we would be £1 already 😜

PS. I do see why traders are in no hurry but this for me is an investors dream right now. Screaming buy for them.

With an election next year, over 1000 people, world wide government financiers, regional and local dignitaries along with the down and upstream contractors in attendance, the world is now watching and so they will look bloody silly if they don't.

So, dare I ask when they put the first excavation bucket into the ground, will you finally shut up and accept it is going to happen?

Don't wish to confyse you with two questions but do I assume you are unaware ARA have already purchased the land required for the next stages and are ongoing in that process for the FFD?

That is afterall another very important step taken as per the RNS a month or so back.

I wonder what point/s made at the ceremony people think is not good news.

"Pipeline WILL be completed WITHIN six months"?

"First gas to coincide with pipeline completion within deadline"

Those two alone must be seriously awful news 🙄

Work on the Ntorya site has been progressing over the last few months, with APT acquiring land for the upstream processing facilities and the Chikumbi-1 appraisal well location, while expanding another nearby site to accommodate the construction of a camp and storage yard. APT is also putting into place the logistics necessary to conduct the subsurface work that will lead to first gas production.

This includes conducting a well-test on Ntorya-2 and converting it to a producing well, drilling the Chikumbi-1 appraisal well with a view to converting it to a producing well and carrying out a well workover at Ntorya-1, before turning it into a producing well. First gas is anticipated as soon as the pipeline carrying the gas away from the field is completed, which is expected next year

Just as I linked in all last night. 🙂 We've waited so long I think people just forgot to look in.

I imagine Knights will have this on AP wires for morning and weekend publications.

It's going to get very interesting around here.

Clearly oblivious to the overnight news. What a plonker!