The tender for Storage engineering and construction works will be announced in 3 months, supposedly. According to the Deputy Minister of Ministry of Energy, Mariam Valishvili, a foreign consultant is hired to prepare a tender plan.
“We united engineering stage which is the first and very important phase along with choosing a construction company. We have a technical consultant, who said that it is necessary to conduct additional researches for geological structure along with technical-economic confirmation to calculate exact parameters for engineering works”- declared Valishvili. Concerning the budget for the construction of storage, the decision has not been made yet. It is possible that Gas and Fuel Corporation will take a loan from financial institutions or from an investor and SOCAR is one of the choices.
SOCAR is considered as an investor. The interest has been expressed but we have not discussed anything yet- noted Valishvili.
The construction of storage is planned close to Samgori and it will have a capacity to preserve 300 cubic meters of gas.
I'm sitting here trying to mentally and physically feel what it would be like to be sitting on the wall if the share went into suspension and it turns out that the JV news is fantastic!!
First thing I'd probably do is put my fist through the laptop screen, followed by kicking and smashing the laptop into a thousand pieces and any pieces that did remain would be thrown through the closed window.
Following this I'd probably shake and cry my eyes out whilst consuming all and any alcohol within reach.
If I wake from the drunken mess I'd be in, I'd probably drive to Beachy Head......
You may be right, but if that's the case then releasing the info on the deal may just have been necessary because he needs us on side just for his re-election and for the agreement of any terms associated with the deal. I'm excited to find out exactly what they have in store for us, as an awful lot of ducks have lined up over the last several months, and very large ducks at that, all building up to this announcement imo. People are right to be cautious and shouldn't believe anything posted on a forum as fact, but look at all the people involved, look at frontera's future plans, the level of recent association they have had from international big wigs, tells me something very big is probably about to happen and I want to stay in, despite the history and the risks.
Am not surprised as there were a lot more sells than buys today. A few buys shown as sells but lots and lots of sells shown as buys as they were over the mid-price which isn't a bad thing. After lots and lots of buying it's not bad to re-trace, consolidate and then try and breach the next resistance level at 0.49.
There's no doubt many can look at the missed targets, years of broken promises and now production halted but with debt rolled over, MOUs signed with money we don't have it's surely coming from a deal. Hold and add on dips or trade (probably within a day) as you don't want to be out if a 7am RNS drops.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.