songas expansion approval, page-3

Nice one Surandy70.

I would be very interested in your thoughts on this recent announcement, taking into consideration all the board room activity going on at the moment.

After reading this, my views have changed regarding the proposed sale of our Tz assets, and now would fully support any proposed funding to further develop our assets there, providing we do not see massive dilution at crazy prices.

A couple of extracts below from the AEX announcement which took my eye.

1/ With this gas plant expansion deadlock now resolved, a 25-year development licence application for Kiliwani North will be submitted to the Tanzanian authorities in the near future.

2/ New discoveries of gas could potentially be tied back to the KN-1 site which may ultimately become a gas gathering hub for the whole PSA area.

I think it is fair to say that having a 20% interest in the above is mouth watering stuff!

Cheers
R