Member Info for Wryape

Fowlertheprowler. Very much agree, everyone has their own strategies but im happy that the license has this de-risked now so whatever the timeline will be, will be. But I'm very confident it will happen and that when it does we won't be at 1.3p

Added again this morning. Feel this is excellent value now with a 12-18 month timeline will look to build a trading position to that end now to add to my long term holding.

Thanks ufufuo. Much appreciated.

Excellent news on the condensates and 15% max back in rights.

The value of the condensate alone is 5 times the current share price!!

Slightly slower timescale than some expected but hard to see how the company is worth 30% less than this time last week.

"Do you think the BoD just say the first thing that comes into their head without having a clue ?"

Not everyone operates the same way you do RoJo.

I have no idea why you are still here if you don't believe ARA will deliver.

I think the risk/reward is heavily on the side that they do (although nothing is without risk)

We will only find out who is correct in 18 months time.

In the meantime it's pointless you whinging about daily share price movements.

I do think the issue of the development licence changes things a little. I suspect we won't see the same periods of radio silence we have historically. And that it de-risks the stock in a way that means we won't see the same fear driven drifts on periods of no news. Nothing goes up in a straight line though so there will no doubt be buying opps like today along the way.

Whatever the trades are they're all in the price now. Im actually all for a bit of churn, healthy for the share price as it creates a stronger base for the next move up.

The way I see it is do I think I'll make a good return here if everything listed in the presentation happens in the next 18 months. Yes I do. I expect the SP to be at least double. Some people obviously aren't prepared to invest on that time horizon.

Haha sure. If you really thought 1p was on the cards you would predict it yourself rather than hiding behind some else's prediction. Coward.

Ditto. Bagged a few more at 1.4p for the bottom drawer. Happy with that!

Tanzania Petroleum Development Corp. (TPDC) has acquired all the land required for a planned 35-km natural gas pipeline from Ntorya, Tanzania, to TPDC’s 210-MMcfd Madimba gas processing plant. It has also completed all front-end engineering and design for the project.

It's happening. Environmental impact study might mean minor tweaks but I suspect its just box ticking at this stage. They havnt bought the land just to do nothing with it.

Thanks RogerJolly. That's a more than tidy bonus on the condensates then. That could make a significant difference to cash flow.

Thanks crusty.

Does anyone have any estimates on potential value of the condensate? And what the route to market would be?

So obsessed with daily movement. Try looking at the longer trend.

Up 10% in the last 5 days. Or 100% YTD

Relax. You'll give yourself an aneurysm

"nothing has changed and if some want to sell up or short the stock then so be it"

Agreed Panch. The issue of the 25yr development licence was a game changer and more than happy to have some traders shares churned into the hands of those who can see the long term potential.

We already knew that the loan facility was there to take us to revenue though right?

Not convinced they are in order as revenue from NT2 would come at least before before NT1 workover in that case surely?

Thanks bullfrog. Looks like we're still waiting on ARA for drill schedule then.

"the stock market is a device for transferring money from the impatient to the patient"

3.5m buy from late last night just popped up. That a few chunky buys recently.

Wasn't this supposed to be 1p by now according to you? Jog on.

Final flurry there from those who want to be in it to win it. Let's see what tomorrow brings.