Well I had been debating whether to add last week and today set a limit of .1 for 2.5m so glad it got filled and takes me up to 11m and .26 average may get another 1.5 m if it gets to .085 to buy again.
I liked the rns today I can feel we hit the low of .07 and will now bounce to the .14 resistance till next news.
They have conveniently added an English translation:
"Meeting with the Regional President of the BP
Prime Minister of Georgia Giorgi Kvirikashvili held a meeting with the British multinational oil and gas company Gordon Birrell in Azerbaijan, Georgia and Turkey. During the meeting the parties discussed projects BP administers in Georgia. Particular attention was paid to the Shah Deniz stage 2 works. Importance of the South Caucasus Pipeline was outlined. The said project will be finalized by 2019. It was indicated that 2 billion USD will be invested to ensure widening of the pipeline. The project also envisages sufficient increase of the volumes of gas received by Georgia from Azerbaijan.
Gordon Birrell updated the Prime Minister of Georgia on the future plans of the company and hoped that the cooperation with Georgia would deepen.
British multinational Oil and Gas Company BP is headquartered in London, the United Kingdom. It is represented in various countries. BP has entered Georgia in 1996."
One can but speculate as to whether BP's 'future plans' include taking up operatorship of Block XII......
is 217tcf now isn't it? Lots of shallow wells and if deeper drill is a success and the GG are on side we can book 1P reserves as Oiler says, even 1tcf is a very big deal. With pipeline coming on line for exports in a couple of years Georgia could well become a significant regional and beyond player. We're still below the local suppliers level so looks a good time to buy still.
according to the time looks like a buy, but then later MMs have to disclose officially on the system I guess. Anyway I watch and learn. But in the grand scheme of things, bring on the GAS 202 TCF when confirmed first half of 2017 this will be multiples. Oil is just peanuts compared to real humongous GAS assets. I am pretty sure service providers are linked to GG government buddies, as they all want piece of this pie and will not give away this for free to the Yankees. GAS is a real clean energy, mostly needed in the big metallurgical industries, even Ukraine uses lots of gas to melt iron and other metals, so gas is a clean and safe option for the next 20 years.
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