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[gerryjames] 19/12/2018 12:22

I thought C-1 was all ready to go BG and not dependant on the farm-out? It's a commitment from the old licence. It was meant to be last summer. Then Christmas. So I was thinking early next year. Everything booked as they state

"Chikumbi-1, which will be drilled to a total true vertical depth of 3,485m, will fulfil one of two remaining exploration commitments"

[dunderheed] 19/12/2018 10:57

So perhaps then skin we (EU) could trade fairly with our African brothers, instead of putting tariff barriers up, never allowing them to trade fairly and then sanctimoniously throwing them a few charity bones?
Just suggesting like....

[skinwalker] 19/12/2018 10:42

yes DH, Ethiopia or Kenya.

[blackgold00] 19/12/2018 10:19

how long for the spud though Gerry 3-5 months and without the farm-out no spud, and with-out Mtwara licence extension no farm-out. so I think licence extension/farm-out is catalyst

[gerryjames] 19/12/2018 10:09

30k on the spud, Sandy. Why not. It should walk up if momentum isn't strangled by silence. You'd think?

[sandy12345] 19/12/2018 09:57

who is buying?

[blackgold00] 19/12/2018 09:41

then maybe it comes down to the question of nature vs nurture ? so if European's carry the same gene pool, then to account for all our varied and different cultural characteristics which is displayed through-out Europe it must come down then heavily on that specific nurture we are exposed to and experience and that we can all say, that we are the product of our environment, be it scotland england wales northern ireland southern ireland france germany spain Italy etc.

[skinwalker] 19/12/2018 09:30

Interesting that you mention Ukraine BG. Our ancestors!
The 'ancient Britons' (the builders of Stonehenge) died out (climate change or disease?) to be replaced about 2400BC by the Beaker people originally from Ukraine and central Europe.
The celts, also from Turkey and central/east Europe came much later (c.600BC) followed by the Romans.
We're European - no doubt about it.

[sandy12345] 19/12/2018 09:30

hands up please if anyone of us bought the 2.4 mil :)

[gerryjames] 19/12/2018 08:42

I've started to notice prices going up. Any excuse! Just wait for a No-Deal. We should introduce public extortion stocks. As a deterent. In the planning. Cheap Spanish tomatoes, if available.

[blackgold00] 18/12/2018 21:14

yes so what, so is Ukraine Belarus Norway and Switzerland, but you know what they're not in.

[skinwalker] 18/12/2018 16:17

I'm more likely to sign my own death warrant whoppy.
Of course we're European. Get over it.

[joestalin] 18/12/2018 16:14

"I'm sure you would then be somewhere where you can feel a lot happier in yourself."

No, these people would whinge wherever they were.

[whoppy] 18/12/2018 16:08

Get over it. It's fact, much like the country voted to leave the EU. No one's a Fundamentalist because of these facts. If people want to see themselves as European, then fine, but it's not true in essence. I would say move to France or somewhere if you want to still be in the EU and European, rather than forcing ideas and something on people who don't like it or don't want it. I'm sure you would then be somewhere where you can feel a lot happier in yourself.

[blackgold00] 18/12/2018 16:06

is it (dig for victory) time again?


"Brexit latest news: Gavin Williamson puts Army on standby as Cabinet agrees to implement 'no deal' plans in full "


and one for you edgar

[edgar222] 18/12/2018 15:55

Love that about Fundamentalists. They are always happy to tell others what to think and how they feel.I am European. And British. I am ashamed of my country. And this bulletin board is a good example of the tub-thumping stupidity of Leavers in general.

[whoppy] 18/12/2018 15:42

warbaby - I'm not sure where this idea of being European came from. British born people are not European. Never have been and never will be.

[warbaby43] 18/12/2018 15:19

Thanks for the link whoppy though I fear it might be the cue for yet more hysterics from the "Proud to be European and ashamed to be British" brigade.

[whoppy] 18/12/2018 14:13

Please sign this so we get out of the EU and become independent forever.

[skinwalker] 18/12/2018 11:38

Time will tell Bun/TipTop, but even if you're prediction is realised, remember that the GDP of Tanzania is less than that of Leeds/Bradford.
Higher percentage growth is (of course) much easier to achieve in a developing country starting from a low position.

[bunbooster2] 18/12/2018 11:00

Over the next 5-10-20 years you'll see MUCH higher percentage growth in Tanzania compared to any already developed country. Not even close.

[gerryjames] 18/12/2018 10:07

Lol.. Tanzania a very good bet. Heard it all now.

For a bigger picture I would read Mr Magufuli goes to town. Not for the kiddies mind. Bun.

[bunbooster2] 18/12/2018 09:50

Gerry - did you know that Mr Perfect lives in TipTop cottage? Whenever I read that Mr Men book to my daughter I always wonder if I am, sorry I mean if he is, making a smug remark about being perfect.

As far as being a good bet I mean honestly what the fudge do I know? It just seems that the lower it goes the lower the risk is and the higher the upside. 40 million for 50% values the remaining 25% at 20 million (simple maths divide 40 by 2). So 60 million + 5 pence for KN-1 and a Bounty bar for the rest of the unexplored, expired licenses. That 25% will be worth a lot more than 20 million if the plan to get to production succeeds.

Much bigger picture I'd recommend reading the work of Hans Rosling. Over a medium to long term horizon Asia and Africa is where we're going to see wealth growth. Europe will get wealthier but at a slower pace. That's demographics, which can be reliably predicted, not economics, which can't. So I think having exposure to Africa is important.... but yeah the 6 million tax charge is a big negative and Tanzania simply isn't as stable as your typical European country.