IMO best posting over the last few weeks, hence worthy of a repost for any new/potential investors, hope you don't mind B-2-0:
I have been observing recent events and read some interesting posts. This has made me reconsider FRR and I have spoken to a couple of people in the business and now I believe we are about to witness the black swan event. Having watched the road show that was effectively an open house event with global O&G players present, Georgian, US and European, and very impressive indeed I now believe the Gas facilities will be sold to the GOCG. The fact that SN has not developed the production capacity of the resources while putting in place facilties to take Georgia into the next enery generation starts to make sense. Even at 28 BCM the case is worth bil's, the latest concern about the 42 bil is more about pricing of the deal. SN has been very clear about the the cost to develop the facilities, remember Mr SN is not a producer, he is a developer and always has been. So the deal has been penned, but dependant on the the volume hence the discussions, the directors have bought as within 30 days FRR will confirm the 42 bil (there is enough evidence for the ministry to demand confimation). FRR have already lined up the next project with Verang to develop the vast 18 Bil oil reserves (of which the Georgians will benefit 50%), while finalsing the farm in for the Shale prospect. SN has never been and never will be a producer, he is a POS specialist - we are there now. The Gas will rightfully be sold to Georgia - given that their annual gas been is heading towards $400m, it makes sense for them to buy the asset and SN is happy to hand over and focus on delivering the next prospect - SN supposed lack of delivery has been mistaken, he is about to deliver exactly what he set out to achieve and what Geogia could ever have dreamt of - energy supremacy in the region - it will be a real coup for all - and life changing for all
Everything else is a side show - this is so much bigger than we ever imagined!
the drilling at the Mtsare Khevi gas complex commenced during the month of August.
The well will take approximately 15 days to reach total depth. Well #32a is planned to be drilled to a depth of approximately 400 meters and is designed to continue to explore and expand the identified gas potential associated with the Mtsare Khevi gas complex.
clearly we are now within the time horizon that we hear results of this drilling...??
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