What would interest me further is finding out exactly where on block 4 they discovered Gas. From their website they found a trapped source, but looking at their maps - I think block 3/4 would border Nyuni tennemant. Could be wrong on that.
Anyway of finding that out? Scale of maps didn't help me to determine this fact. But the find is positive for the area.
Probably that far out - may use a floating LNG? I'm sure we'd happily send out gas out there and stuff Orica. Tanzania government would stand to make more that way. Orica feeds domestic market, and we'll help feed the export market. Everyone is happy!
Just so long as they don't divest the holdings!!!
KEY Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held