Even the big boys struggle17 Sep 2024 12:41
Look at this one, reported over a year ago, the big boys, much further ahead in their gas explorations and yet they have to wait until 2025 for the final go ahead, and these are the big boys with big pockets! Not only that but notice this;
"Friday's deal includes the main elements of a host government agreement to provide a regulatory framework and a production sharing agreement, and is subject to legal reviews and quality assurance before an expected signing in the coming weeks, Norway's Equinor said."
so a host government agreement for the regulatory framework, no doubt with TG calling the shots, and the biggie, "a production sharing agreement"! How can HE1 withstand something like that, on what terms, and remember Jacobs said they want to go it alone. Not a chance in hell, and they know they are being screwed left right and centre.
""We are happy it is a big step towards the implementation of the project although we have a lot to do. If everything goes well as planned, I am confident that the final investment decision will be reached in 2025," Sangweni told Reuters.""
Over 10 years to get a final investment decision on that one, if it happens and that's the big boys!
LB is hoodwinking investors, the fact that they will not name who received the placing shares says it all, it has to be the TG, and there will be no end to the handouts in shares and money, they simply cannot survive doing that.
My views, I'd hoped for better, but knew I should have listened to my gut instinct when the recipient of the shares was not named. I hope my gut instinct will, however, turn out to be wrong for those still stuck in this. If LB does an interview taking questions, which is highly unlikely, on the questions side, please, please ask who was given the placing shares, and push her to answer. How many shares have the TG had from the company to date?
https://africaenergyinsights.com/Tanzania/post/tanzania-equinor-shell-and-exxon-agree-lng-project/
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