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That we are down at this level. Especially when we had Colm confirming yesterday that flow rates were going to be out "real soon" and he expected news on the Government negotiations by the end of the quarter.

Really can't see the logic in selling now but each to their own. Never nice being in the red and thinking about what you could have made if you had traded at the right times. I've chosen to invest here rather than trade the movements and although at times like these it becomes a bit more difficult I have no less belief in the company than I did when it nearly double the less than 3 months ago.

This is one of those nothing RNSs which actually end up doing more harm than good because the market will have been waiting on actual flow rates and although the news is positive due to the impatient nature of some "invested" they will have seen this as a signal that actual flow rates are still a few weeks off and will sell up and buy in again nearer the time.

What we also have here though is that news from the Government negotiations could come at any time.

Just general ups and downs of the market, progress is being made and the big news will come shortly.

Still here Brad, just think we need some news to kickstart things again whether it's flow rates or news of Government negotiations or funding etc.

Thanks Brad, I was just trying to figure out whether the update meant that we were still on track to get flow rates by the end of Q2, i.e. next week or if we had been delayed slighty as the dewatering process had taken longer than expected (which I hear is a good sign for anticipated flow rates!).

Anybody with more in depth knowledge able to tell me how long it roughly takes between hitting this CDP point and getting the flow rates?

BBC news:

BREAKING
Gyimah pulls out of race

Didn't last very long I'm afraid Brad :-/

Think we've just been the victim of current awful market conditions this past week or so.

Expecting a bit of a bounce back next week. Hopefully the overall market will improve and we can get some traction.

Mr Trump certainly isn't helping at the moment!

Good find Scott, would be interesting to read the rest but the subsciption prices seem pretty extortionate!

That's quite some holding Ramp, I wish I had the funds match it as I'm so confident in this company.

I'm sure a long term hold will make you a very rich man! Just remember to share the wealth when it happens eh? ;-)

What a huge bargain this now is at under 8p.

We now have the main thing we wanted from the tender which is access to the grid.

"Tlou considers the first 10MW as a pilot power generation project. Revenues from this project could facilitate rapid future expansion, which could be enormous based on the Contingent Gas Resources already in place at Tlou's project acreage."

Everything is ready for this company to rapidly expand and there is a man at the helm who has done it all before and is now using words like "enormous" to describe the future expansions.

The news we've all been waiting for! Well done everyone.

Another step closer to building a hugely successful company. Long term hold for me and just watch the profits roll in.

This below from twitter seems the most sensible interpretation of the RNS that I have seen and I believe that this is what has happened:

"Ministry cannot award tender or engage in negotiation until Procurement Board has given approval. This is essentially saying exactly that - both parties finally allowed to take forward. Now awaiting more official detail from Ministry - further updates will hopefully be due soon"

I'm sorry Brad but I have no idea what you're talking about with this big brother analogy.

I'm afraid you're proving to be the only thing more confusing than the RNS this morning!

Desperately need some clarification on this.

Really bizarre handling of the whole situation. We could have just won the tender but until we have that clarified it is just creating uncertainty and confusion and leading to the current effect on the SP.

You'd hope it wouldn't take too long and that Tony would be able to speak to the Government today to find out what has gone on.

Someone really unloading shares this morning!

Should get an update on the Benin works shortly : "The completion of the passive seismic programme is being targeted for April."

Long old wait for news here, I hope that when it comes it will reward the patience of the long term holders.

Nice big £15k buy (showing as a sell) earlier this morning. Nice to see sentiment coming back here.

The financial bids were submitted along with the original tender this was just an invitation to the opening of the envelopes with the financial bids in.

Would be helpful if they gave us the exact date of the meeting so we could know if it happened weeks ago and if we are due the result imminently. Either way even if it happened last week then we should know by the end of the month, not long to wait now!

Interesting that both companies were invited to the opening of the financial bids. Surely if TLOU's was better or the same as Sekaname then they will have a good indication of whether they will be awarded the contract as they were ahead at the technical stage.

Possibly why the investors have agreed not to sell their shares for the next 12 months.

Definitely time to get in now, very confident of a positive outcome.

It honestly wouldn't surprise me to end the day down if we got 50% with the market the way it is at the moment. It would be interpreted that we didn't get 100% therefore it's a failure. Ridiculous I know but some valuations out there at the moment are mental!