With the cancelled sells, does that mean the mms have got to find 10m shares ? Yesterday we had slightly more buys than sells and now 10m cancelled sells So surely today mms need to get those sells as cheap as possible to balance their books, or am i barking up wrong tree?
I wonder when SN will convert his RPNs to equity. Sure some of the headroom is for that and I hope he does so soon as I'm sure we'll then get a more comprehensive ops update and idea on what he's planning (in addition to 7mcfpd and 1,000bopd). Surprised volume isn't higher today, things are certainly happening behind the scenes and I look forward to hearing all about it (assume when he has the green light and it's all confirmed and signed off).
A very impressive operation, And true we still no little about these operations..
Add to that the prospects such as Kakhabeti, Tsitsmatiani, Lambalo, Oleskhevi, Mralikhevi, Mlashikhevi that have been identified, but as far as I'm aware, not even drilled yet.. Will they ever get to them I wonder ?
looks an impressive operation when you see it all on the map like that, tend to forget how big it is. Unfortunately it also emphasises how little we really know about the current state of the operations on the ground. Maybe one day!?
The small coloured circles on the video around the 01:45 mark are oil and gas wells..The big cluster of wells in the centre of the screen is the Mirzaani field South East of Dedopliskaro rail depot where Frontera has crude oil holding tanks..
South East of Mirzaani you can pick out oil wells in the Patara Shiraki field, Underneath these and close to the border you can see 2 wells on the Nazarlebi field..To the West of Mirzaani you can see the cluster of Taribani wells just under the XII (Block number) on the map, Kila Kupra, Iori and Baida fields are also around this cluster.
West of Taribani we see the start of Mtsare Khevi field, Some of these circles are red in colour.. I wonder if this signifies ex Soviet wells? .. You can see the Mtsare Khevi leading off into the North West where Frontera found the more lucrative deposits of gas.. I'd love a copy of that map.Oh and right at the top of that map you can see a single well, I think this is a basin edge well.. There lies a sleeping giant... for now :-)
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