Member Info for smudger63

I didn't tell Mrs Smudge about my purchases back then. More than my life's worth! TipTop and his research helped me keep the faith and I think it has been rewarded. Took some profit on the way, as you do, but loaded them back in. So here we are, more drilling, production until 2049. Lets see how the Solo 25% plays out.

How many on here (if you were here then) thought the deal was bad when the Zub's bought in and the open offer at 1.3p came about. I remember the negative turmoil on this board. Many feared it as dilution and saw it as a bad egg. Truth is, without that deal we'd of been dead in the water and the SP was bumbling along at around 1p and cash was running out (bought a load back then). The market liked that deal - there again it was hard not to, AEX were staring at extinction. This deal was expected to make Zub's operator, but the Solo aspect is an elephant in the room in my opinion, where is their share coming from, will they be able to fund the 25%. Who will pick up the Solo tab or some of that 25%?

Don’t we have to wait for the Solo scenario to pan out before anything can happen. Sweaty a$$ JB indicated things will kick off more or less immediately.

I would suggest that the 25 year license has been held up due to this deal. I would think the Tanz government want the Zub's as operator - that sorts the percentage out. Could of had more cash as part of the deal but the clock was ticking and the fat cats have got to eat!. Strangely, I don't look at the deal as a valuation of current assets but as protecting the future. Let the dust settle. Hope the Solo fund raise doesn't drag on and we can get drilling

What is the target size of CH1, I know there is oil potential but what is the official target size?

Good post IrishJohnny. What else did folk think was going happen, probably already priced in to the current SP, CH1 drill result isn't. :-)

The Solo stake and their funding route needs to be in place prior to that big ole drill starting to turn. The AEX deal has been painted by many as the only offer on the table, so will the Solo funding their part of the drill costs be an issue getting things moving. I'm sure I read somewhere that NR has the funding in place for their part of the drill, is this right? Will we be waiting around for the Solo conclusion prior further action

Any Solo holders on this board know their current cash position / cash burn. How long until they need funding?

25% of 1.87TCF free carry to production and free carry on CH1 drill (possible oil). With the 25 year licence around the corner, pardon me for being optimistic. Better result than tonight's footie!

Tip Top, nice to see you back posting, hope you are doing okay. Your previous research has been fantastic. Now bring on that big drill and the 25 year licence :-)

Reckon 'put the light out' about suits or in our case 'put the light on'!!!

Just got back from another trip to the far east and thought I'd check in, not a lot going on. Thought we were obliged to receive notification of the AGM agenda a number of days prior to the event. Hey ho, I'll attack the duty free!

Just my opinion, be a blue finish this today. AEX loves a Friday.

A reassuring tweet from the BOD would be nice, They did say in an RNS they would communicate when we needed to know, guess nothing significant is happening. The tone has certainly changed from the 'National Significance' we were treated to after NT-2. Pull your finger out JB!

Good Luck LT, can't blame you for feeling over-exposed in AEX. May need to consult a weegee board to news out of this outfit.

Wow LT, you got �425 less than your last 1 Million dump. I'd be crying!

Hello LT, could you just give the shares to me. I could give you some of them back worth the same in a few weeks time. I did sell some recently myself to pay towards a funeral. Hey ho, each to their own. Good luck! With 10 million shares your luck seems okay ;-)

Good Post thisnthat, if the fun stops, stop. Take your money off the table and spend it on Curly Wurly's or something. Mental health issues need to be taken very seriously and care should be taken how we address each other conveniently disguised under the banner of 'Banter'. Thankfully, not going mad yet, but last nights footie was a test. Allez, Allez, Allez.

Long way to drill for Guinness, if we we hit it - What a tonic!. 'The forthcoming well, formerly designated Ntorya-3, has been renamed Chikumbi-1 at the request of the Tanzanian Government. The well is targeting the same reservoir tested in Ntorya-1 and in Ntorya-2 in an updip position and will also be testing a deeper target. The proposed total depth is approximately 3,400 metres'.

Agree, the Zub's are not not going to pay for fancy Gin bottle labels if they will never reach the shelf. All connected in my opinion.