So, we have a new well being drilled his month to add to the mountain of evidence that says we are dressing MK up for a sale. I reckon we'll have a spud RNS in the next two weeks and then from 15 days later we can start to get all vitriolic because we wont have another MK update until it's been flow & pressure tested, so mid to late Sept.
A sale of MK? We've been doing "ongoing testing" and "studying" for years. RNS after RNS has talked of "ongoing", "continuing". Liz has signed off more than one email to me with "thanks for your patience".
Now we have: "This work is expected to conclude during the third quarter of this year, with independent assessment to commence later in the fourth quarter of 2014."
Arsenal and others have called it right; H2 2014 is where things should really start to happen...
Also, anyone doubting Gas sales? This RNS clearly states "...in to Georgia's natonal grid" - that's pretty explicit. We're not giving it away.
We're really due a fracking update this month and a basin edge suprise would be great but I fear the Varang sign off may be stuck bureaucratic treacle for a bit longer.... unless US influence can rattle a few cages. Also depends who Varang are which is still a mystery: Burisma? Or as Fez has suggested, this lot: http://www.emgtx.com/about.html
Frontera Resources Announces Start Of New Drilling Campaign At
Mtsare Khevi Gas Complex In Georgia
Houston, Texas, U.S.A. – 9 July 2014
Frontera Resources Corporation (London Stock Exchange, AIM Market – Symbol: FRR), an independent oil and gas exploration and production company (“Frontera” or the “Company”), today announced that it has begun the start of a new drilling campaign at the Mtsare Khevi Gas Complex in the country of Georgia.
Location construction for well #32a will commence shortly and drilling is expected to commence during the month of August.
The well will take approximately fifteen 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.
Gas production operations have continued since commencement in April and are delivering gas to Georgia’s national grid via the Company’s gas gathering/processing facilities and associated 14 kilometer transportation system.
This system accommodates gas production at a planned rate of approximately two million cubic feet per day of gas.
Concurrent with ongoing production and new drilling operations, extensive geologic studies continue across the Mtsare Khevi Gas Complex.
These ongoing studies include the integration of current gas production performance; historical geologic, geophysical and engineering databases; new geologic field work and outcrop sampling, as well as associated laboratory analysis.
To date, study work reveals extensive conventional and unconventional (Maykop shales) potential associated with the Mtsare Khevi Gas Complex.
This work is expected to conclude during the third quarter of this year, with independent assessment to commence later in the fourth quarter of 2014.
That you did..And I think you will be right.. A few quite days seem to dull our confidence a tad.. News is tight out there Frontera seem to have it well locked down but excitement will soon return, Well that's me for the night...
Frontera fracked Dino #2 well in the last week of April in 2008..Around a week later they rns'd that they had completed the frack..They then began a 30-60 day test period for removal of fracking fluid/ flow testing etc..Now, if our latest fracks started in May,They should all be now "completed" and the fluid removal and flow testing should be happening right now. Maybe with the anti fracking brigade out and about in Georgia, Frontera have skipped the operation updates and will just rns us the enhanced flow-rates.. Shirley this wont be long :-)... feet up and a glass of mediocre cognac with the sp at this level.. I only drink courvoisier when the sp is 0.85 or above..
August will be better.. Time for the wheels to start turning in our favour..fracking results must be imminent, I can understand FRR being tight on news regarding fracking, One of the other companies fracking out there has had protesters around their fields, Time for the Varang deal to kickstart too methinks, Good weather out there Perfect for side tracking bunged up Niko and delivering some real bopd..I think we are owed the Mother of all RNS's this month, God knows we've been patient enough..
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