Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Tanz, do us all a favour.....
Just starve it of the attention it is trying to attract.
Hopefully this attention seeking will subside when the school holidays are over. Must be close to it's exams by now.
From the SCIR RNS;
'Up to US$8 million payable in the form of a 25% net revenue share from the point when Ruvuma commences delivery of gas to the gas buyer. These payments will be made following the sale of gas has commenced and based on the current development timeline are estimated to commence in Q1 2024;'
Don't tell me, one of the filtered ones is scare mongering again.
Let me guess: 'I've got a Bentley, a Porsche and a hedge fund and am considerably more clever than you' yet I post here on a daily basis.
Typing things like 'You must be all under all so under water"
Don't listen to the constant drivel....there are people on here that averaged down / bought in during COVID at 0.4P.
I think the posts are representing that particular persons personal frustration.
It is trying to to live in your head.
On a brighter note: Happy Friday everyone
Anyone off the the AGM tomorrow? Can't make it myself, busy captaining industry.
Could you ask about PAET acquisition of 12.5 km2 of 3D seismic data over part of the KNDL.
The GSA signature will unlock the rest...
Ta - Smudge
Just need the GSA signature to unlock the next set of news. Then the next news will be SCIR completion.
Scirocco’s deal with APT, agreed in June 2022, sees it receive US$3mln upon completion with total proceeds potentially rising up to US$16mln and with future payments linked to project milestones.
Interesting to see the WEN deal hasn't been signed off by the TZ authorities.
https://www.lse.co.uk/news/in-brief-wentworth-takeover-not-approved-by-tanzanian-authorities-8nxj3iklg9h6vbp.html
More gas customers.
'Speaking on the gas pipeline, he said Zambians have requested to use gas from Tanzania and the search for gas in the country is still going on to see if there will be enough gas and sufficient market before embarking on the pipeline project.'
https://dailynews.co.tz/tanzania-zambia-plan-new-mega-oil-pipeline-project/
Some more money stashed in the TZ coffers the be used in this fiscal year. All the things we like to hear.
https://www.thecitizen.co.tz/tanzania/news/national/tanzania-secures-sh455-billion-budget-support-from-the-eu-4293690
Can we have our pipeline now....
https://www.africa-press.net/tanzania/all-news/tanzanias-parliament-approves-44-39tri-budget
LNG agreements to be signed in July
https://worldoil.com/news/2023/6/23/tanzania-to-sign-42-billion-onshore-lng-plant-in-july/
Pipeline imminent, power plant signed up for natural gas use - but still no news, tick tock.
https://www.nsenergybusiness.com/news/astra-energy-executes-mou-with-tanzanian-government-for-development-of-350mw-combined-cycle-power-plant/