tanzanian production, page-19

I sold after PEP 11 and have be watching for a while. I dont believe its time to get back in yet but its getting close.
I think the Azalea prospect will really move the sp when announced.
But they must be raising cash shortly. I know they have some equity investments that could be sold (they used to own DLS shares) but if i were management i'd save those for really tough times.

predicted expenditure for this qtr will wipe out cash. Yes there is some oil income but not enough and any extra capital exp like drilling will need an equity raising.

and i still believe in PEP 11. I believe for enviro/political reasons they chose a sub optimal position for the 1st well.