jeffry, seems my Frontera info was not current. Talk is they have a huge gas field discovery. Some are skeptical. As in all things Georgia, having it and getting to the surface can be poles apart. As of this morning strait deal still not done.
can this rumour be true, are RRL really getting $30m for their share of georgia? under the same terms RMP would receive $13m!!! what have they found down there - i thought it was pretty much valued at zero last time i looked
for RRL, Oma in ws (see link below) is very good. he provided many analysis and so far most of it have been correct and also he seems to have access to RRL. in short, RRL have been saying they were looking for around 50m debt (or maybe reserve based lending, RBL). an apparently agreement has been reached for 50m but RRL then decided to take only 15m or around that. which implies that the balance will come from Georgia.
I'm a little lost ere Jeff, not up to date on RRL, have they come out and said they have sold Georgia officially? or all rumour still?
Horse hill - Sold up UKOG today for 95% profit, who knows could well have been more but always a gamble, still in Dorieus there with an average of 0.16p....so could still benefit from first zone strike on Monday...
as for RMP, thought we had lift off ..but patience required once again
looks like the discussion in wworldstock is correct as RRL intiially looking for bigger RBL for their trinidad. seems now they are looking less as will be using Georgia proceed. so, hopefully next week will get news on georgia (and then RRL can then confirmed the financing?)
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