Member Info for smudger63

You can understand where the time lines came from and why the statement of confidence that indicated the extension to the long-stop agreement may not be needed. Something must be bubbling away in the background. I would expect all aspects to be under discussion, ARA will want signing off of the whole shebang - 25 year license, Early production system and Multi- drill agreements. The matter of KN-1 monies owed / tax is between AEX and TZ authorities and may form part of a separate discussion. Either way, I'm hoping for more than just a PSA RNS when that little red dot appears.

It's a small crumb of comfort knowing there is a huuuuuuuuge LNG project suspended to allow PSA's to be finalised. Cannot be long now, surely.

So the delaying the LNG HGA's in order to get the PSA's out of the way seems to have worked.

https://www.thecitizen.co.tz/news/Why-liquefied-natural-gas-project-faces-delay-in-Tanzania/1840340-5356574-u89rt7/index.html

Just another article from 9th November to remind us. Tick tock
http://tanzaniapetroleum.com/2019/11/09/aminex-accelerates-its-drilling-programs-in-tanzania/

Genuinely pleased to see an uplift in the WEN SP today. A snippet about growing demand included.
https://www.energyvoice.com/oilandgas/africa/212372/on-the-up-in-tanzania-for-wentworth-and-orca/

Hope the only hole is the one the first Drill makes. If the plans presented are realized there should be more drills. They may re-enter NT-2 to get the scuffs up.

The issue of the license is out of their control and therefore not price sensitive information. Not sure how this could be insider dealing.

Not got too emotional about the 'Greed' of exec's more intrigued about the volume of options and the timing. Same happened before NT-2. See what happens, may not be long now. Who knows, keep smiling :-)

Neigh, mugs game. As a LTH I do top slice occasionally. Sold some at 1.52 a couple of weeks back and took some more today. Can't make out weather the option shares is positive or negative - You'll probably say negative, like the Brexit fears you were mentioning recently.

? If the price drops you have more sellers than buyers? I had a nibble earlier. Someone sold them to me.

Some folks are buying. Take the share down by that amount and you have a market.

Mick, I understand you have been goaded into making comments on the AEX board by one of the posters. To post with a 'strong sell' recommendation is a little unnecessary hence my defensive approach. Most of us would never mock a drop in SP elsewhere as this is potentially someone else's hard cash. AEX have interest in Tanzania and holders share the same frustrations as WEN holders. I appreciate the SP drop here is frustrating but it may present a buying opportunity for someone. Good luck to you and all of us relying on good business relationships in TZ ;-)

We'd better cancel the road and spending money on preparations to the drill site then Mick. Will you be talking about complex river beddings today?

Perhaps LSE are entertaining themselves like the MM's are this morning. A timely and large take on option shares the other day, I wonder how many days until news will follow. Not many is my guess, but only opinion of course.

CP, what date is the tax bill hearing?

Shakey, shakey, is news soon to breaky. MM's must be bored of waiting for news now

A more cynical person would suggest that the timing for the license is known - unofficially

Hope this is agreed, normally a time of one calendar month is reserved for information that the company would already know, such as quarterly and Final results. The issuing of a license is not price sensitive information held by the company. Makes you wonder why the options have been taken now.

Yes

What's this, a phantom RNS?

I think the real RNS will be Monday confirming
*License received
*Farmout completed
*Rig mobilized
*Target spud date confirmed (before Christamas)
*KN-1 remediation complete and back in production
*Monies owed from the TZ authorities received and back in the coffers.

Now pass me them pills, twitch twitch!