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Yesterday's rough calculations were just gas..... the oil might be worth a few billion too. A $1 a barrel would do!
Nicely put emblaze. We're all hoping they do the right thing, should PSA and CC issues be resolved amicably.
Kipperman I always thought that the silence from them was due to
1. Them not trusting certain shareholders motives here given Zaza response at the last shareholders meeting that there were shorters sitting in the room.
2. Keeping Hope in the dark with information about production figures, etc with courtcases.
3. The ongoing court cases and being told by lawyers to not say anything even to shareholders.
4. The on going arbitration with GG which needed a comms lockdown. IMHO
The fact ZZ and SN have so much skin in the game same as shareholders in FRR this gave me the confidence that they would not stich us up as ultimately they would be shooting themselves in the foot as well. But there is so much money at stake here anything is possible and yes it is so frustrating that they cannot say something to us.
After all the help we SH have done supporting them and what we have been through together you would hope they would do the right thing.
The next month or two maybe we will find out more what's happening and all may be eventually be rewarded fingers crossed with our faith in this board or NOT and SH end up with nothing nightmare scenario no one wants.
GLA
Calm down, FRR have not got 5TCM, their may be 5TCM in the ground, but yet, Frontera have not been able to get it out. Until they talk to us, I cannot see anything happening here. I would not be surprised if there is currently no work going on in block 12. Anyone maanged to get hold of someone from the Shareholders group? Have they managed to get any info from Frotera? Or Malcy the oil man? Someone must know something, there is usually always a leak of somesort, cant believe no one knows anything...
To put things in perspective, FRR's 5tcm of gas could run that gas station for about 13,700 years.
The first CHP power station built in the UK was built in Barrow. Produced 220 MW of power and consumed approx 1 million cubic metres of gas per day.
we have a 15mw energy centre where I work,you should see how fast it uses 1 cubic metre of gas.
tsbs
North western tip of Block 12
beat me to it R8
Hopefully it’s our gas they’ll be using!
http://georgiatoday.ge/news/19095/PM%3A-Energy-Efficiency-Critically-Important-for-Economic-Growth-