tctc - based on Nyuni 1 - you'd have to say its almost a guarantee of sucess. They did find gas just couldn't test it.
Unfortunately if they are stupid enough to get rid of it, then we will all suffer. Personally if successful - we should look to link into any floating LNG projects other companies a little further out might get into.
But then everything on that rests with Aminex as operator and the Tanzanian government. I'd say with certainty that they won't need the gas from Nyuni for quite a while. Songa Songa should be enough to meet demand for years to come after expansion.
KEY Price at posting:
4.6¢ Sentiment: LT Buy Disclosure: Held