22 June 2022 - trading update

The AIM-listed Tanzanian gas company has announced an operational update ahead of the AGM today and this has confirmed that the strong levels of production seen in 2021 have continued into 2022.  Average daily production rates are 15% higher than in the same period in 2021 with average daily production in Q1 2022 being a record.  The group and its joint venture partners in the Mnazi Bay gas field supply around 50% of the natural gas demand in Tanzania with most of this used to generate electricity and so demand is unlikley to let . . .

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