15 February 2022 - update on reserves
The AIM-listed Tanzanian natural gas production company has announced details of its reserves at 31 December 2021 and these have confirmed the long-term potential of its main resource, Mnazi Bay. This goes from strength to strength with an upward revision to the reserves even after accounting for the strong production from the field last year. This is clearly further confirmation of the strength of the company which has significant cash balances as well as a very attractive dividend yield. With strong progress likely in the current year, the shares are a
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