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That's just the type of post that drew in the unwary when frr was listed.
Whoever wins this battle over Georgian minds regarding whether East or West is best be it the USA or Putin the future of frr will be irrelevant.
Do you really think USA ( America First) will sob their hearts out for little old frr if they lose ,and say Exxon gain the Block when it comes up for grabs?
I have no doubt SN and ZM will come out of this unscathed, whether us PIs do well that's a different matter.
High stakes, big winners, big losers.
Tin hat on now, but before you shoot think about the only losers here, a bunch of AIM gamblers who should have known the risk if above happens.
gla, we really do need it.
It might be questionable in any other US or International company would want to invest in Oil & Gas development in Georgia if the GG has done over previous companies, they could be wasting a lot of money also for all they know. Besides I'm not sure if they would get better than a 50/50 PSA from a Major.
I think FRR should be able to claim the reward that was agreed to, they've out a lot of money in over the years. Plus the GG need some company to develop the field so it might as well stay with FRR who will likely sell on to a Major that can develop it more quickly anyway. 50 percent of a lot is better than 50 of little being produced.
That said I do rather fear a lot of bother out of the Arbitration verdict. I tend to find courts can come to ridiculous decisions about stuff that can be a pain in the rear. Hopefully they will see this for what it is, a greedy grab by the GG when the field proved to be a lot more lucrative than first thought. Either way hopefully not too much longer waiting to do.
B12 was always seen as the jewel in the crown hence why Shevardnadze gifted it to a US company out of the reach of the oligarchs especially Ivanishvilli. When he wrested control in Georgia he has been instrumental in trying to block the progress of the company and in my opinion the letters and meetings by congress are reminding the Shiite hawk of his behaviour.
Nice post Phil, it's the waiting that has been hard here, and it plays on the mind. From this side of the fence it seems we should get something, if not all , of it out of this.
I really hope so.
What really p*ss*s me off is the the divi type discussions, ffs we don't know if we will have anything left to prove up yet.
Phil, the arb panel will see it for what it is as they will have access to the facts rather than hypothtical bb guesses , hopes and fears .
Yes they will have the facts...like we carried on through the war, confronted the incumbent energy minister and junior minister accusing them of corruption, the dollars spent, the hold ups with licences, hold ups with the pipeline, allowing the transportation links to deteriorate, the help to the farmers, the medicinal and health screenings to the general population where they were working, the extraction and supply of gas for 6 years now....