Market Reaction: slightly negative on the reduced production, however the gas acts as feedstock to two other power stations and we expect a limited impact on our valuation if the dispute is resolved soon as the Company expects. Clarity on the program in Mozambique is welcome news, particularly as there are no obligations. The shares continue to offer a combination of value and immunity to oil price movements.
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OPERATIONAL UPDATE IN TANZANIA & MOZAMBIQUE
- Published:
22 Jun 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: slightly negative on the reduced production, however the gas acts as feedstock to two other power stations and we expect a limited impact on our valuation if the dispute is resolved soon as the Company expects. Clarity on the program in Mozambique is welcome news, particularly as there are no obligations. The shares continue to offer a combination of value and immunity to oil price movements.