Member Info for tidd83

Tony stated on interview the RFP is likely to be just weeks away and with new Gov and ministerial change on 1st April key projects such as Tlous will be moving. With a 944% increase in gas just weeks before and a contingent resource and final reserves review still to come in from SRK very soon Tlous trading at over a significant discount to gas value currently conservatively booked at around 30p. At 8.25p in the middle the disconnect on true value ahead of the upcoming short term news is huge.

Bobby, They have $7m no need to even consider cash for a long time! Secondly plenty of news to come which may facilitate debt based funding or SPV earn in or farm down etc. Any of those points cross your mind?

Bobby not sure that made sense. Placing certainly not needed.

Resubmission should only be weeks away, we are key project and things should move with new administration

Just released https://t.co/EdgR88nSmW

https://audioboom.com/posts/6725285-asiamet-resources-ars-versarien-vrs-symphony-environmental-sym-chris-bailey-on-ulvr-oml-pzc

Posting general information about the company and potentials ruffles peoples feathers. Either colonel has some vendetta or he’s sold out and now haunts to hope the price goes down so he can feel better about himself. The emotions of trading/investing. Some people just aren’t cut out for it. This is the Tlou bulletin board however not the Tidd one.

I don’t buy followers lol! Are you for real? Some of my followers came across after Chris Oil followed me and I got spammed to death, I gave up blocking accounts after that. If you don’t know who that is take a look - think he had 12k. Trust me I’ve got better things to spend money on.

Closed up 7% overnight I see.

I have no idea Sentimentalist but reading back I see something of interest from the forum. Sounds to me like the Bots government have an obligation to the World Bank in regards CBM and greener energy. In 2017 China Machinery Engineering Corporation (CMEC) submitted an offer to buy the 600MW Morupule B power station from the Botswana Power Corporation (BPC). BPC said it was evaluating the offer but declined to indicate how much it was. The negotiating process is expected to be done before end-2017. If successful, the handover of the plant would be done around February or March 2018. CMEC is the sister company to the Chinese firm that built the plant in 2012, China National Electric Equipment Corporation (CNEEC).[9] Financing In October 2009 the World Bank’s Board of Executive Directors approved a US$136.4 million loan for the the Morupule B project and also approved a Partial Credit Guarantee of US$242.7 million of commercial bank financing for the project. In a media release the World Bank stated that "the financing will help secure a reliable electricity supply for the country’s economic growth and poverty reduction programs. Financing will also help Botswana prepare a robust low-carbon growth strategy (consistent with the current Tenth National Development Plan: 2009-2016), strengthen management skills in the power sector, and establish a new, independent electricity regulator."[2] The World Bank stated that the funding was for "the construction of the 600 megawatt Morupule ‘B’ coal-fired power station, accompanied by related transmission lines and a water supply system. Moreover, the project will support the country’s evolving low-carbon growth strategy, including fast-track exploration of alternatives such as coal-bed methane (CBM), concentrated solar power (CSP), and new, emerging technologies such as carbon capture and storage. In addition, the financing will provide for the establishment of an independent energy regulator, and also help to improve project implementation capacity at Botswana Power Corporation and the Botswana Ministry of Minerals, Energy, and Water Resources."[2] The World Bank's Vice President for the Africa Region, Obiageli Ezekwesili claimed that support for the project "will help to not only increase generation capacity and access but also serve as a down payment for a greener future."[2]

They can only sell once.

LordBryant is he really that transparent lol?

Nevo additionaly the reserves base is also only booked against current production zone as per T&T rules. Should the reserve be booked against total zone the figures would increase exponentially. Strange way of doing things but something to be aware of.

Based on operations have significantly grown over all periods. Not exactly how you compare a proven model of production and development to a flop on a completely different asset just by its production rates. How do costs stack up horsey in comparison, well longevity etc. perhaps a good place to start? Nevo debt is none serviceable until Jan 2019, the debt imho will be restructured and is only for approx £9m from memory at 8% don’t have notes to hand. Should be more than adequately catered for at current figures even ahead of the rest of the Work program being carried out.

Yeah despite all his raging and scare mongering he’s happy to buy in for a 5% discount to bid. That makes sense lol. Secondly, last I checked the RFP is still in place as are other options of pilot project and multiple other offtakers inside of Bots and external all available via the SAPP. The reason for SAPP was to facilitate such things. Secondly, government issued a production licence based on the feasability study of a gas to power project as per submission to the RFP. Why issue a production license and any request a retender, simple they want the product. The only factor is the documentation was strict for a new industry and thus government have adhered to the book around legislation. These things happen all over the world. The rest is noise, especially John with his conspiracy theories of which he can’t even calculate.

No answer on cash burn then? Didn’t think so - thanks.

John can you tell me their cash burn and also the cash at bank given your statement? Then can you show me your calcs because from where I’m sitting what your just wrote can’t possibly add up.

Buyer in the wings I think. North Energy perhaps buying on market again, these guys are already over 10%

With 9 wells and 20+ recompletions to go. £16m MCAP whilst TRIN and CERP are at £44m and £31m respectively. CERP producing around 550bopd on last check. All located in T&T

Sure can nevo! First well at TD and on production, be interesting to see if they release initial flows given Baay holds back on release until flows have stabilised. Second rig mobilised and process of work starting on remaining 9 targets should be good. Also interested to see how they schedule in the recompletions to the program. I think 2000bopd should be easily achievable.