Dapper - and because out cost of drilling those two holes plus another in West Songo Songo (50% us and 50% Aminex) was going to cost in the area of $25m I think was the figure thrown about. Hence sell off to reduce future expenditure.
Thanks for the article Surandy. Good to see a timeline in place for production. Using 20mmcfd can anyone put together some calcs on what income that will be to key?
Its also interesting that they are talking about finding GAS but no mention of OIL. I thought this tennemant was prospective for both?
I also read with interest what they have said about the possibility of floating LNG plant. Though not sure how the Tanzanian government will feel about that with the Product Sharing Arrangements. But if the infrastructure isn't there then that is the govt's fault.
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