There was a post yesterday that Georgia was now looking to Iran for Gas. As it will take time for Frr to fully come on line with volumes I find this change in direction potentially away from Gazprom very interesting. Would Iran not give Georgia flexibility over volumes and freedoms in contracts needed ?
In the spirit of exchanging info with shareholders, I wonder when the BoD will tell us how many of these "facilities" are dotted around the Georgia network
" Together with ongoing well operations, expansion of existing processing facilities is underway and it anticipated that these operations will bring daily gas production in excess of 7 million cubic feet per day by the end of this year. "
(Sorry!) I'm not suggesting you're de-ramping or deliberately trying to mislead. It's just that I choose to take a different view.
I (and others here I'm sure) have made my analysis and investment choice - and although I do evaluate the risk (as I perceive it) as news / events unfold - personally I feel that there'd have to be some pretty major deception going on here to make me want to sell up and move on - especially right now.
Incidentally I also don't think SN is out to deliberately shaft pi's - although I'm sure he doesn't care about us very much (we're probably at the very bottom of a long priority list). Just my personal view.
"I remember saying the very same thing 3 years ago."
Maybe so... but a lot appears to have happened in the last 3 years.... surely you must acknowledge that?
"FRR need revenue like no tomorrow and based on what shareholders have been told, FY 15 due end June 16 ain't gonna be pretty"
Well if they don't confirm reserves or release any of a number of potentially game changing bits of news then I'm sure that's true... but again, a lot can (and hopefully will) happen in the next few months.
One good bit of news could see this turn round in the blink of an eye... and frankly that's what I'm counting on.
No smoke without fire and all that. You also mention dilution a lot... well my understanding is that if (note: IF) this pie is as big as we're being led to believe it is... we could suffer some pretty major dilution and I'd still be very happy with the return i'd be likely to get here. Hopefully it is... and that won't happen anyway.
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