tz gas and energy, page-59

surandy70,
Fwiw, I reckon that Orca could be the one causing grief.
They are on the record as wanting to buy 'distressed' assets as it is cheaper than drilling.. could they be trying to slow it down and drag it out?

If so the UK acquisition would be a perfect foil to stop holders should a bid appear.. AEX increasing to 50% stake also makes it harder..

From all accounts (stockopedia and fools) it appears that approvals were expected around August, but have not materialised..

If they get approvals this will turn into something pretty special imho...

Italy adds another flavour but the main game is really Tz with UK being interesting and a bit of fun.. (unless they get to 500BOPD when it will be real interesting fun..).

I am not ready to give up, how often do you find a company that may well be able to make money in the next few months and have 25% of a 70mtr column of gas?
These are real assets imho..

A market cap of $14.2m is just beyond words...

Interesting that Beach are now getting excited too..

"Beach said it was also looking at ``high risk'' 100-200 million barrel targets in Tanzania.

"This region is shaping up as one with potential to become a significant component of future world supplies.

"We believe that there is good potential for large discoveries of the order of 200 million barrels, or greater and frankly we can't wait to get started.

"Beach's team has a long history of thinking ahead of the pack. We believe that its position in exciting new frontier regions such as the East African Rift and in shale gas are yet more examples of this,'' Mr Nelson said. "
http://www.news.com.au/adelaidenow/story/0,22606,26404722-5016955,00.html