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Https://www.offshore-technology.com/marketdata/oil-gas-field-profile-mtsare-khevi-conventional-gas-field-georgia/?cf-view
One field - suggests we hit peak in 2014 not sure that's accurate.
Updated February 18, 2024
Oil & gas field profile: Mtsare Khevi Conventional Gas Field, Georgia
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Mtsare Khevi is a producing conventional gas field located onshore Georgia and is operated by Frontera Resources. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block XII. Buy the profile here.
Cymru
Excellent bit of info.
Nice find Cymru, I see this as a positive too. Be nice if our pal Looed has any thing to add.
Nice find Cymro1864 👍
Many thanks Cymro1864, now that is a positive in eyes.
GLA real holders
Great find Cymro and thanks for sharing. I've looked to see if I can see a more precise date rather than just 2024, but that's all I can find. (I was hoping the month might have been written somewhere so we could see if it was pre or post the license end date we now know of thanks to the creditors report). A document of over 500 pages would have taken a while to draw up, so I guess we'll just have to carry on waiting and watching. Thanks again. 😌
Thanks cymro, interesting snippet. So, the Block can return to FRR under certain conditions. So, what could these be? Let me guess: 1) Repay the Tribunal Costs (at c.$5.6m); 2) Show a fully funded drilling program and 3) Insolvency cleared. On the finance facility, this may be conditional on the renewed PSA and a company with no event of default or any pending legal cases. But so many intricacies and inter-dependencies. Who knows whether SN is going to be able to get this through in what appears to be like an ‘eye of the needle’?
Page 414 - quick mention of Frontera.
“Currently, the state is working on block XII with the full authority of the investor. Under certain conditions, the block may be transferred to Frontera Resources US “
https://erekle.uk/teimuraz-gochitashvili/oil-and-gas-production-transportation-processing-and-use/full-text.pdf
Now I am old and wise
I ask my broker why am I broke?
He had an answer which is the truth
Some win and most do lose. Que sera, sera, etc.
In memory AIM, promoted as IHT investment
to the elderly expected to suffer in silence or
drop dead.
I have never felt more fighting fit.
Keep smiling.
All kicking off in Tbilisi now. Looks like Carlisle on a Saturday night. Good luck to them. They are fighting for freedom. They've had enough of Russia.
Just think if we had gone with tech 12 years ago instead of having the o&g dream lol
I can't remember where I read it, but a recent article on the protests about the Russian Law, stated that in a recent poll 89% of Georgians want to join the EU. If I remember rightly it was about 30% lower around the last election. IMHO BI's sudden honesty regarding his and the Georgian Dream's position regarding Russia, and no longer pretending to seek EU membership, smacks of desperation. The people will need to keep up the pressure until the election. The one plus this time is that the election is before the Trump/Biden election. Last time they were at the same time and the EU and Uncle Sam took their eye off the ball.
Guys - at this stage, it hardly matters who’s who and what’s been said in the past. Ultimately this is out of our hands. What will be, will be. We just have to be patient and hope the gods are being generous. I wish I’d never heard of Frontera (and like Mapp, I wish I’d never heard of Aim either), but there you go. Let’s just hope that events out of sight eventually go our way. We can’t have long to wait now. So please, no more mud slinging, let’s just wait patiently to find out if we are moderately rich, or ridiculously poor.
Wrong NamesJ, just because I use a word for a human being , a pretty bloody nasty one at that , doesn’t make me RR, like I have said, just an average Joe here, not a trader and I come in peace. If you are a real holder who only wants success with our company, then I wish you all the best, I hold hope on our leader pulling this off successfully and that my £16k of hard earned family savings will yet come good along with all real holders. I have not and will not change my view that our leader fights for us.
Time tells all tales folks
Makes it even more sure that we're utterly fked, the already minute chances of us getting money back depend on Georgia being more Western-oriented. Not much chance of that to say the least.
Sorry, the name "spewtin" for Putin was the tell. That was a RR special.
Finally, the mask slipped a bit there with Bidzina and it lays bear the political obstacles put forth to foreign companies and investments but particularly from the US.
Georgia and Ukraine never invited Russian invasion/aggression so not sure what he is barking about. There is a complete detachment between the Political elite and the common Georgian, which I can’t see being resolved in the short term. So, there goes Georgias EU aspiration. Also explains the vigor the GG perused FRR at the Arbitration Tribunal probably thinking CIA involvement, although FRR were not completely blameless.
Thanks for sharing, interesting read.
Https://twitter.com/Glenn_Diesen/status/1785035708509339963
Bidzina Ivanishvili warns against Washington using NGOs to convert Georgia into another frontline state and "cannon fodder" against Russia:
- "Let me remind you that these people – Saakashvili, Bokeria, Merabishvili, Adeishvili, Gvaramia, Kezerashvili, and others – were appointed as the leaders of the authorities of Georgia after the revolution organized by NGOs".
-"All such decisions are made by the Global War Party, which has a decisive influence on NATO and the European Union, and which only sees Georgia and Ukraine as cannon fodder. They first had Georgia enter into a confrontation with Russia in 2008, and in 2014 and 2022 they put Ukraine in an even more difficult situation. The main reason for the Global War Party’s aggression towards Georgia is that it failed to turn Georgia into a second front despite great efforts, which it could have achieved very easily with the agents’ return to power. The public often asks, why is it that those abroad fight against the transparency of the NGOs with such fervor?"
No issues there tsbs but I do think this could be an important and valuable asset given the unfolding geopolitical situation in Europe as well as easy and cheap access to energy. Also this PSA was granted for 50-yrs so has plenty of legs. Equally, you could argue why would any oil Major consider investing in these Russian-sympathetic countries although outwardly projecting to be West-leaning. But you are right, perhaps Moldova is no more than an academic after-thought.
You cracked me up there monti moldova 😂😂😂
Wrong NamesJ
I walk the streets I don’t own, not brush them, light years away you are, you hold hope one day, none the next, seek out a real holder more than once, why?
tabs, your humour is like a woman ( or man) of the night’s knickers.
Pyro, I said this to tabs long ago, you still check in on this board, it’s called “ Hope” only the good kind not the kind who tried to steal from us. keep checking in you will.
Monty, I do like reading your thoughts, keeps the board going while Looed is staying safe.
All things bright and beautiful, all companies great and small….. just like ours??
Over to you our leader SN??
GLA real holders
For those that have not seen the CR, it did state in there that a request was made to the GG to extend the PSA date which was expiring towards the end of March. If this has not been extended (for whatever reason), then there is no asset and this whole discussion becomes ‘moot’. Having said that, you could argue that the GG are notoriously slow and to oversea this situation, our main man was also elected/selected on to the Liquidation Committee. Let’s hope he can still pull some US Political strings to give the GG a good hard prodding to expedite. Now, the PSA is renewed, perhaps (and emphasis on perhaps), this will trigger a number of important events like: 1) the finance facility becoming available, 2) approval of a payment plan for the creditors and 3) some money for Deloitte to continue the liquidation process and to to reverse FRC’s current insolvent status. As far as Moldova PSA is concerned, no one knows who this is assigned to.
By the way I dont want that post to convey the message that i dont believe in a positive outcome here, far from it, I fully expect a bp buyout in the coming weeks 😂
Cant believe youve only just realised they were telling us one thing and doing another thats standard practise on aim lol
They all need locked up for a long time. The money they had through the coffers couldve sorted the debt out long before it got out of control and ending up us being dead as a duck. 25 years on and all we ever got of any oil was that puddle with a dead bird in it covered in the stuff