Member Info for smudger63

Maybe the current timing does not quite fit with the upcoming election. The Bulldozer will want to grab headlines in the run up to elections. When we received the RNS stating 2020 workplan submitted, I wonder is that included sitting on our ass for January. Be handy to know more about Rig availability in the area and mobilization times. Trying to do some digging but coming up with zippo!

More shorts opened up at the top of today's trading, cut go below the opening price - only opinion. My buy's earlier in the week are swinging backwards and forwards - It's playing like AIM

New list, are we having a new list? Thanks Dunder & Fastbuck, get the list up and running, it's about your turn I think ;-)
Talks are ongoing I suppose and the comfort comes from the big boys waiting on HGA negotiations.
https://www.thecitizen.co.tz/news/-Oil--gas-players-eye-deal-with-government/1840340-5428464-134i9qj/index.html

Few day traders will want to round up their daily short soon. Will that push us up though?

Only $100.
https://tanzaniapetroleum.com/2020/01/14/a-compendium-of-tanzanias-oil-and-gas-opportunities-2020/

Art, Occasionally I post news as part of my research. I hope not to offend. For the record I am a LTH in AEX and have been for a few years. If the news is sometimes negative so be it. I have no agenda, unlike some that turn up.

Clear to see the massive possible upside here but it is disturbing to read what is happening in the mining sector. Let's hope the treatment of O&G sector is a little more favourable towards investors. At least we have Shell waiting in the wings for the impending PSA reviews to go through.
https://www.mining-technology.com/news/second-company-files-dispute-with-tanzania/

Didn't spot that broker rating earlier - has that just appeared on LSE?

There's a good 20% quick upside in AAOG, hopefully. Just saying, cough, cough. IMHO

What's the next likely news drop here, Uganda?

Don't think they are all buy's GL. Smoke and mirrors

Hmmm, there's a big fat one. Haven't seen a buy that size for a while

Something brewing or are the MM's having a play?

https://africanarguments.org/2020/01/08/tanzania-elections-life-has-got-worse-under-magafuli-we-need-change/

An ISA sell-off Frank. Why on God's earth would you do an ISA sell off? Chuck a few more in if the price is still low maybe.
What's the personal ISA annual allowance £20k - you don't see that trade value nowadays. SP will drop as the risk increases, simple as that. At the moment there is no news that we can get hold of and no statements via RNS that offer any comfort that things re moving in the right direction. Still it's only the 8th Jan, let their Turkey digest and we'll wait patiently for news

They have to get the PSA's out of the way before they can reopen talks on the LNG project - this is positive. They have stated that approx 10% of gas needs will come from the LNG plant. Our gas from NT will be pumped into the same shared pipeline. I think this is the crossing over of conditions that were mentioned in recent news articles. Good that the PSA's need to be cleared ahead of LNG talks. Everyone is in the same boat at the moment and have plans to drill, Heritage, Dodsal, ARA/AEX.
I'm wondering what will happen with KN talks. There is monies / tax to be sorted. The Zub's are a large cornerstone AEX investor and will want this resolved. It's all about gas pricing across the whole patch. TZ Government need to get a wiggle on, there are huge plans all around the neighbouring countries, Mozambique LNG to name one. Patience I suppose but the silence is deafening.

Happy New Year to all. May 2020 bring us long waited prosperity but more importantly, good health. Cheers All

Smudge

It's a bit cold for shorts!

Will it be long?
https://www.ippmedia.com/en/news/use-natural-gas-minister-tells-investors-and-traders

Been kicking around the TLW board during the week. May see a few profit takers over there drop a few quid in AEX in preparation for news. Bad news for AAOG also, so some may escape and look for the next big thing. Just some musings of a mad man.