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Tuesday is deadline day for EOY so I would think it will come either on Monday or with that report.
As they are running a tight ship, why pay for two RNS when one will cover it. Either day should give me a good reason to celebrate my birthday on Wednesday 🍾🥳
The potential purchase has raised discussion elsewhere re costs and how it might be paid for.
Does anybody have any idea of the cost of buying a suitable rig against the hire of one?
With an original 8 drill plan which could be more following the 3D, depending on the finances it may make commercial sense to buy, especially knowing the difficulties of locating plant in country on an as and when basis and the hold ups that may cause.
Better than being round the bend.
Upstream downstream is guilty of what he accuses others of. 5 posts all saying the same thing.
Each disbelieving the words of the deputy prime minister/energy minister. It appears to me he doesn't want others to believe in what they see and read from official sources with their own eyes.
As for SC, yes a little repetitive but not yet as bad as the crawler or Neil who are at it 24/7
Perhaps atm this needs bringing back onto people's radar so a little ramping as long as it's not over the top shouldn't do any holders any harm.
Sorry you followed up with the update as I wrote
Yes that was from the speech at energy week released in their national press on Tuesday of last week. Since updated in parliament during the budget yesterday, which confirms the development licence has been approved by the cabinet. I assume we are just awaiting the signing ceremony and accompanying photoshoot.
The Sultan is amongst us 😁
With your reference to Crusty I suggest you are easily misled or deliberately trying to mislead. I saw that joking post myself. There's only one Crusty
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Me too Crusty progress is what most of us want here. I do recall the chatter about Ara having their own rigs but I seen to remember somebody disproving that at the time. Whether they do now or not I wouldn't know. As I said I'm only going on the ministers words and it makes sense to me. If you remeber at the last AGM we established that the long items for Chikumbi were already there as the question was asked about them having a particular rig in mind. I think we will know soon enough now and we know the first phase is to test NT2 in the summer and then organise the plant required to extract and process the gas for the pipeline. Lot's for them to do over the next six months that's for sure and all of it news worthy
I beg your pardon Mr Moi 🥺 Raging at Crusty? Do you not recognise a conversation between two grown ups debating the news before us?
I know the modern trend of the young is to say shut up, or put your fingers in your ears or wear dark glasses or deflect and call people names when somebody disagrees with you but us old gammons can cope with talking to each other.
Its not hard if you try. All you have to do is behave like you would if speaking face to face.
1.24 paid on H/L
Crusty I tend to read what I see and not dismiss it without looking at the logic of it. As you know, Tanzania is a difficult place to hire rigs and equipment because of its remoteness, so it makes perfect sense to purchase a rig that can be used over and over during the FFD. It would prevent relying on others releasing their rigs on time. I was convinced the timing last year was screwed up by Invictus retaining the rig and in Ara's position, I would not want that to happen again. So it makes sense to me to be looking around for that deal. Of course if this is so, you can bet they will have been looking at availability for a long while now and only now can they look to sign contracts. It does not mean nothing has been done during this long wait.
If you fail to plan, you plan to fail. They are not stupid
"Works carried out include completing the interpretation of the 3D system seismic information collected in an area of 334.9 square kilometres and continuing with the preparation of repairs and well tests for the Ntorya 1 and Ntorya 2 wells."
"In addition, the Contractor is continuing with the PURCHASE of the Chikumbi-1 well boring plant."
"Likewise, the Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company) are being completed."
GL I'll bring salt n pepper for the grand hat eating
Leave it out Crusty, after six years baiting everybody the guy deserves his various chains rattled for a few minutes.
Row, row, RoJo boat, gently out to sea.
You will need that boat the way you are heading buddy.
https://youtu.be/rROMzY-PhfA?si=s46b6J_2-zEMWX2d
You've got it bad today old boy. Poor man
Oh dear Rojo has somebody rattled you today? Digging deep there aren't you, name calling and nosing about at my other holdings.
One tick Mick regularly got rattled.
Nevermind Rojo if true to your own words, you will be gone at 1.50 and that is likely to come the day of the RNS and maybe even tomorrow, so you won't have to worry yourself too much longer. The CPR will then be of no consequence to you.
For those sensible enough to build their holding, only a fool would expect a CPR in two months, when it took over twelve months for the 3D to be analysed in full.