Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nice rhetoric.
You are emotional as your reactions are covered with false confidence and egotistical remarks via your reposte to whomever is positive.
I am sitting back, right now and watching this saga unfold.
You and SR seem to be real good buddies.
If you can't take critics then don't dish it out.
your guessing im emotional lol
why dont you sit back and stop criticising anyone that has a different view to you
tsbs1, you are guessing unless you have inside information.
Why don't you sit back and stop getting so emotional and dismissive.
If its that bad, write it off and move on.
its not all negative slant errazzel but lets be real at least
Lets hope for a miracle but lets keep it real, we are up against big time and court cases can be dismissed as noise if you want to but, they ve never been in my life time thats for sure
Madp posts are great but wheres all the oil revenue he was predicting, oh I forgot sitting in a frozen bank account
ODR, prefer website to be down and a deal completed.
Thanks for the figures MP.
I think this is what many of us miss or in some cases dismiss - The potential value of our remaining 1% is not measured in millions but billions.
Add in its geopolitical importance and you can see why everyone wants a piece of it and will deploy dirty tactics to win.
Let’s just hope we are on the winning side !
tsbs1, you you should be the goalie in to the lunch break today and Starrage can be the penaly tacker. That way you can play among yourselves.
I thought you used to be tsbs. now its tsbs1 and its all negative slant from you.
Indeed tsbs. And at the moment we could do with the website coming back up to show we still have a pulse.
back on planet earth where most of us live we dont have a ceo we dont have any money and various court cases one in particular are trying to fold the company
Lets leave any valuations until the fat lady sings...and shes on stage right now in readiness
Macali2009
Zaza face book - comment Aug 25
https://m.facebook.com/zaza.mamulaishvili.52
Thanks MP
That brought a smile to my face this morning.
Stunning value
here Macali2009...
???? ????????????
25 August · YouTube ·
Turkey found natural gas in the Black Sea, almost the same size as Fronter in Eastern Georgia.
President Erdogan gathered the whole government and said: '' It's a historic day, a new era begins. We won't stop until we become gas exporters ''
The Georgian government wanted to stop contracting with the Fronter in 2013 and then created a lot of barriers to prevent new gas from bursting. As if the country doesn't need energy independence or enrichment.
What is needed though? Here we see that Turkey is trying to develop its economy, and something is found for Georgians too..... Illegal, low-priced, but work..... Maybe they will survive hunger until next season.
If they don't like it, they can go to Germany or even Scandinavia within the framework of the Georgian Dream program '' Let's get out of here (You can learn the details of the program in the last TV performance of the chairman)
If you are willing like a sabuki... walk, walk in Gelzenkirkhen...
Claws- FRR previously had 10.225bn barrels of oil in place and 1.673bn barrels of recoverable oil. However, the figures for both the gas and the oil were from the old CPR figures, which were before the prolific Eldari B gusher from T39. The sweet crude from Block 12 was just behind the Malaysian Tapis in quality, commanding a $5/bbl premium to Brent. Brent is currently $42/bbl. Therefore, using a conservative $45/bbl, the 1.673bn barrels = $75bn at the well head. The gas from the old CPR figures was 9TCF (255 BCM) = $52bn at the well head (using the figures from Turkey of 320BCM = $65bn).
$127bn total
The figures quoted in the Ukraine interview were 30 TCF of gas and 14 + billion barrels of oil.
30 TCF = 849.5 BCM = $172.55bn (using the figures from Turkey).
14 billion barrels of oil x $45/bbl = $630bn at the well head
$800bn total at the well head.
https://expro.com.ua/en/tidings/frontera-resources-wants-to-sue-the-ukrainian-government-for-violating-the-psas-dolphin-competition
http://www.kylesconverter.com/volume/trillion-cubic-feet-to-cubic-meters
https://oilprice.com/
IMHO it is easy to see why the GG suddenly started stating the depth from which FRR could extract hydrocarbons.
So $65 billion for the gas
What’s the oil worth ?
tsbs, I think the field is valued at pretty much the same whether as 1 percent or 100 percent. The 99 percent returned was from what I understand is wasteland. It was never really needed only on the off chance that exploration might be needed there. I think FRR were concerned that handing it back too soon would allow the GG to tender it out to a competitor that would side track to their oil and gas. However, FRR have all the data needed as to where the oil and gas are and how to get to it. That may take another company a while to work out plus then side track across, added to that they may likely be reluctant to want to get involved in Georgia given the GG adversity to foreign investment then being pitted up against another company accessing the same resource.
In the letter from Bryce, it was valued "at over 1 billion," so obviously not over 2 billion...
1%
No straws. It’s real
Am I clutching at straws maybe
Zaza’s comment on face book is dated 25 aug 2020 after the award of 1% .
is that 65b with whats left 1% or 65b when it was 100%
Nice find claws. The truth is out there.
Zaza face book 25th aug
“Turkey found natural gas in the Black Sea, almost the same size as fontera in eastern Georgia”
Value $65 billion
https://www.dailysabah.com/business/economic-value-of-newly-discovered-black-sea-natural-gas-nearly-65-billion-energy-minister-says/news
I thought the company was said to potentially be worth billions with the oil reserves proved up there, $15bn was it? I assume the previous market estimate didn't include the supposed oil & gas reserves that still presumably haven't been fully tapped.
At the final installment will you be as happy as the majority on here...
StarRage surely if the market valued the company at £47M that would be AFTER paying all the company's debts!!? So it's not "just enough to pay Outrider." it would be £47M net.
However supply and demand dictates what someone will pay for an asset, and that may be wildly different to the market valuation all that time ago. It may be someone wants to pay ten times that. Or more.