aminex oilbarrel conference, page-16

I would prefer a slow and steady uptrend as it would display confidence in management, the projects and the register.

After that preso, I am reckon they want it for an issue within the 3 months, and the funds will be solely for working capital:- possibly for the 1st of 2 offs Nyuni drills due licence expiry in 2011 and the need to decide what areas to hang onto.
Normally part of the EL needs to be forfeit: 25/33% or so. Does anyone know the terms of the Nyuni renewal?

But I do ask myself how TZ can expect us to keep forking money into exploration of they wont let us produce what we find. If we are battling with a simple tie in like KN1 what of the development of others? Better just hope they are absolute elephants and can justify stand alone LNG development and tanker export if gas. Otherwise, why bother.