Yes coggy we pack up work the stock market closes and we are all none the richer. Then the posts start talking about the shares going to fly next week and the cycle starts again. Its like del boy. This time next year rodney we'll be millionaires.
I would say 5 USD per 1,000 cubic feet is a very conservative price for the area.
From GOGC website: auction of 2 million cubic metres of gas from the Ninotsminda field (8th July), introductory price 300 USD per 1,000 cubic metres, bought by Socar for 305 USD per 1,000 cubic metres.
Assuming wholesale price of gas in Georgia is around 300 USD per 1,000 cubic metres.
2mmcf from MK field is 57,000 cubic metres. 300 X 57 = 17,100 USD per day = 513,000 USD per month = 6,156,000 USD per annum.
FRR is nowhere near recovering exploration costs so they should get 100%.
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