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inherit2mill:'Me I will cease posting whats the point, better things to do in this very short life.'
Continues to post 10x over last 2 days..... despite being as welcome as a turd in a Jacuzzi
Inherits 2 millimetres
Haha
Have to admit pophead I think I’ve about written this off , I smell a rat . Can’t put my finger on it but I just cant see Zaza dropping us all a kind message saying here’s you cheque guys . I’m still sleuthing but with a sceptical eye . Maybe I’m just having A bad day
Whole day of variations on the same theme from the glass half full brigade. Round and round like a stuck record. C**K KN*CK*RS extraordinaire. We are doomed is the message today............LMFHAO.
Nah not really, I still think Nda for oil production is b0ll0x
A weatherc*ck
A what?
You dont need ndas anymore just delisting will do it. Bod go into super silent mode and tell you nothing at all....
Timster you are a weather****
Ok boss, see you at the £5 party :)
Timster - It was tongue in cheek. If the oil figures were known, then even after over a year of negotiations with BP, BH and possibly Exxon, another major could come and offer more for a share. It could then take many more months, which is why they sign NDA's and keep schtum.
Apologies in haste I used the wrong figure for 2018, it should have been 30159t = 232525.89bbls. The 2015 stated low point doesn't tally with the GOGC figure of 40206t = 309988.26bbls. Even if the oil was predominately heavy crude, it would not reduce the totals by anywhere near enough (the conversion factors range from 8 light crude - 6.6 heavy crude).
https://www.platts.com/IM.Platts.Content/MethodologyReferences/ConversionTables/Images/CCSS1015_Energy_Industry_Conversions_LRG.pdf
I'm not trying to discredit your figures, I'm trying to find evidence to back them up.
How would all that oil production be under NDA? the oil will still be getting produced by FRR why would it fall under NDA?
Everything to do with discussions with BHI and BP (or whoever) would be covered by NDA, but I dont believe FRR's production figures would be covered it makes no sense and also means they couldn't sell it or store it as they couldn't tell anyone about it?
I want this to come good and your figures to be correct, I just find it very hard to believe that's all....
Earsbern - I agree, their figures of 0.4bbl/d/1k = 400bopd = 146,000 per year. Yet the GOGC state an average of 43.6kt over the last 10 years. 43.6kt x 7.71 = 336,156bbls. Click on statistics on the GOGC link ad a production bar chart shows 30050t for 2018 = 231,685.5bbls. Way out even without the oil from FRR which is under a NDA. If your trying to discredit the figures Timster, you must try harder.
If you look at the historical data it dropped from 1k barrels a day to 400 sometime in late 2015 and has been a solid unchanged 400 per day ever since.... I'm not 100% convinced they are receiving updated data. Just imo
The 'Trading Eonomics' figures don't seem to fit with other data. Didn't BLOE hit paydirt sometime this year (at least for a while)? And is it likely that the country would produce exactly the same amount of oil for every month of the year? 'Trading Economics' sounds like it should be a respectable organisation, but I don't understand the apparent discrepancies.
https://tradingeconomics.com/georgia/crude-oil-production
Are we saying that the secret oil production would be hidden from this sort of data too?
Frontera are still mentioned here though but no idea what date that was written
https://www.gogc.ge/en/page/activities-fields/oil/7/
BP not mentioned though, only for their transit business