Tanzanian political progress draft constitution has been approved for the country to vote on.
the difference by Christmas will be that we will be going into production very soon, making it a totally different ballgame from the exploration/development phase, so where sp will be depends on whether we get offers to buy us out and what Tembo-1 drill shows us
patience people! it's better we get things right than fast. I'm sure Jay has rather a lot on his plate at the moment which he is juggling, all of it very important to get right, so I don't mind waiting as it is probably beneficial to the company to get things arranged in a certain order. it wouldn't harm us any to wait another month in order to include in CPR any implications re oil to be deduced from Anadarko/Wentworth's Tembo-1 drill and any results from drill in Egypt, and maybe haggle a bit more for the spur pipeline which is likely to get go-ahead following Ophir results which have proved up quality and quantity in the mid Tanzania area, maybe we can get that on promise from govt. to be included in our GSA? that's worth doing things slowly for surely?
Ophir's Kamba-1 discovery has brought the resource volume to the threshold for a future potential third LNG train to be from blocks 1 and 4
only 4 weeks till result from Wentworth and Anadarko's Tembo-1 drill next door to our Rovuma licence tells us what we're also likely to have (looking for mega oil find) that would be funny if our valuation suddenly jumps by £1 or more!
I think we'll find some oil in Egypt by end of year also Tembo-1 well result could have a positive knock on effect for us. Without taking oil into account, I would expect 10p by end of year just with GSA and opening of pipeline, also our debt to equity ratio has been significantly improved in recent share price gains.
we could be testing the 2.5p level again soon once that is established 3p will be a doddle
some of you need a laugh - see cartoons by Dave Brown in the independent, love the one of Alex Salmond as the great chieftain of the pudding race!