Member Info for smudger63

News before the weekend anyone? Something more positive to hit the weekend papers with, maybe.

This deal should be unlocked now
https://www.nytimes.com/reuters/2019/12/02/business/02reuters-uganda-oil.html

Agreed CP. currently in ACP graphite. Since the legislation was implemented it hasn’t looked back. Patience - it’ll come.

Reds are 14 points clear of City - so there’s hope eh lad ;-)

Tomorrow’s Sunday - license doubtful

report indicates the push for industrialization and growth will depend on an improved business environment. TZ government receive funding from the WB and must appreciate the content of the report, especially with elections coming.
https://www.tanzaniainvest.com/economy/wb-economic-update-q4-2019

Nope, put that one through google translate. Still nothing.

A bit of light reading to pass the time. There are investors here that just want the license. There are some here that want the license plus CH-1 drill. There are some here that want CH-1 drill plus all the further drills fully funded to full field development and the EPS pipeline. It's difficult to look this far ahead when you are twiddling your thumbs. The 2020 work program details should be revealed - 'upon receipt of the license' I know.....
https://www.researchgate.net/publication/337534863_Governing_Petroleum_Resources_Prospects_and_Challenges_for_Tanzania

Tanzania needs to get a wriggle on to become a Gas exporting country. Need to sort the national solution first..
https://www.energymixreport.com/africa-to-double-its-gas-production-by-2040-gecf/

From the joint statement (SOLO & AEX) in the latest RNS 'The joint venture partners have agreed the following 2020 Work Programme and Budget which remains subject to approval by the relevant Tanzanian authorities'. Will need the green light very soon to secure the equipment & personnel to deliver the work program in 2020. News soon if the TZ authorities are on page with the work program.

High time we had a little update from our illustrious board members. They may not be able to give an update on license whilst the TZ government play politics with the O&G industry. They may be able to tell us more about the preparatory work they have been conducting or in fact just let us know they are still alive!

World bank reports that Tanz growth will be higher in 2020 but not as high as the Tanz government reckon. Foreign invest has dropped by one third - So with the World Bank and the Germans issuing their viewpoint this week, hopefully a kick up the fiscal jacksee to get things moving and change their interventionist polices. License tomorrow will do...
https://af.reuters.com/article/investingNews/idAFKBN1Y71D7-OZABS?feedType=RSS&feedName=investingNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAFRICAbusinessNews+%28News+%2F+AFRICA+%2F+Business+News%29&&rpc=401

A lot of pressure to get the PSA's done to allow the 30 Billion LNG negotiations to resume could possibly mean something is imminent. Only my opinion of course.
https://allafrica.com/stories/201912020062.html

Monies owed from KN-1 would be a welcome RNS.

What I don't understand is KN-1. Just reading through the Natural Gas Model and it is quoted as part of the onshore reserves that make up part of the fiscal study. Don't understand why KN isn't producing and Monies / Tax owing are not put to bed. The PSA review conclusion will hopefully give us movement in KN-1 -must all be connected and part of a pricing issue more than anything else.
https://resourcegovernance.org/sites/default/files/documents/annex-baseline-assumptions-of-the-2019-tanzania-natural-gas-model.pdf

As you know, any articles I find I will share positive or negative. Maybe the recent EAC event and negative press relating to German business environment rating will put a little pressure on. Let's see what happens - could drop at any time. It's with the attorney general's office now. Think it's been through the department of the department for the protection of the department acting on behalf of the other department. Diane Abbot would be proud of the bureaucratic nonsense. Glass still half full, reasonably low volume with most staying put.

that displays that the bureaucratic stance from the TZ gov aimed at protecting it's national interest is in fact damaging relationships with foreign investors. Absolute clowns.
https://www.theeastafrican.co.ke/business/German-investors-losing-interest-in-East-Africa/2560-5369088-8j9cahz/index.html

Hope that the suspended LNG negotions will put more pressure on getting the PSA done! God forbid, I sounded a bit like Boris then
https://www.theeastafrican.co.ke/business/Tanzania-gas-project-faces-further-delays/2560-5367986-kwnfc8/index.html

Maybe today / this week was just a Black Friday opportunity.

Yes, it's all gone a bit quiet since the O&G conference. Let's hope December yields some news, if they want the drills to turn we are entering the right time of year. The volume wasn't massive this week and the only games were being played at a lower SP level.