I would think the text (if we could translate) would be similar to the last gas auction from Ninotsminda... This was in May 2015, The only change I would say is May 2015 price was $310 per 1000CM, This latest auction is $260 per 1000CM.. I don't think that's a bad price in these times..
Fireflying, Very nice find mate.. I think this gas is actually Blakes/Canargos gas from Ninotsminda field.. But what will be interesting is the price it fetches at auction.. As for the text that wont translate that's very odd.. I tried translating it and it changes to Esperanto when I paste it.. It appears that the auction price will start at $260 per 1000CM
Yup, I genuinely cant remember an RNS ever announcing a specific auction and actually, the issues with the ministry were in my understanding more related to the status of the field (production vs exploration) and how that reflected upon the status of the revenue from gas sales - rather than a physical barrier to selling.
This is the key line from the May 16th RNS: "....have been consistently delayed due to the Ministry of Energy's discouragement of investment in the ongoing exploration of natural gas resources. Discussions are ongoing to alleviate the Ministry's opposition to this work. In the meantime, Frontera has the capacity to deliver this volume of production from its exploration operations as previously announced on 23 December, 2015 and the Company is hopeful that a swift resolution can be achieved in order to continue to progress gas exploration efforts."
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