Do we or do we not have the reserves SN claims. On one side we have a lot of senior Georgian, Azerbaijan, Russian Politian's (and controlled press) saying it all overstated and a fabrication. On the other we have a relaxed SN making gas claims at a high profile AC conference in Washington that will change the economic future of a Nation/Region. If true it will (in the not so long term) damage Russian and Azerbaijan projected cash flow in a significant way. So what has SN have to gain - A short term hike in the SP (press reports) so he can sell out (Yep we can all see that). Selling the company to a major on the fabricated numbers - As if they would not check and double check before agreeing to a price. Gaining MOU's from Ukraine to exploit their resources - Tick, got that but I think they may have done a bit of due diligence before agreeing to Exploration and LPG supply. So what have the Georgians/Azb/Russians got to gain by rubbishing claims. First is to deter investors that this could upset the balance of power in the region and make it even more unstable (US/Nato agreements must be close for SN to have permission to announce this Regional game changer) . Second is to put pressure on Georgia to fall into line and not get above themselves (or we may in the short term cut off your gas). I would love to be a fly on the wall in the Georgian energy minister office the day after SN said to the world Georgia has the 3rd largest Gas field in the world. I bet they mulled over the FRR LTO looking for a breach of contract - "you did not tells this news and your contract states you have to" sort of thing. Well FRR had told them that they have discovered gas (and are producing/supplying) but the quantities have been estimated via public releases but yet to be Independently ratified (but they have commissioned the best in the market to do this ratification) then we will tell you officially. So if SN is spoofing then all he will gain is loss of reputation, bring down AC and damage the US relationships (even Nato entry could be put at risk) to that Region. Yep that must be his plan or is it to make a billion or two. Buy your lottery tick to participate in this great gamble - or keep your money in your pocket - you decide.
Royalbantam used to post occasionally, on ADVFN as BANTAMBOY, before he was banned some months ago. His posts are littered with expletives and vulgar and abusive language.He doesnt have much to say ,but he constantly attacks SN and everything FRONTERRA. He is a lonely individual and not the brightest kid on the block. BEST IDNORED.
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