Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I've done one previously with HL, the buy was less than a minute after the sale
I don't really see the majors seeing that being a problem discussing things like a opex saving of $300m.
The thing is B12 is too large for FRR to do it alone and we do not have the cash.
If the majors walked away yes we could continue with the development of Taribani, but it would be slow doing a few wells at a time etc.
With a major on board what we could probably achieve in 2 years what we could in 10-15 years by going alone.
I honestly feel if a major joins us to develop Taribani t will be for full field development and they may for example drill 50 wells over the next two years targeting over 20,000 bopd.
Nodrog, to confirm, this was in the 03 Sep RNS re Niko-1 and nothing will happen until negotiations are completed.
As previously announced on 25 May 2018, the Company has successfully secured funding for the drilling (by way of well sidetracking) of the Niko-1 well in Taribani to a target Zones 9, 14, 15 with intention of producing these zones together. Â Negotiations are in progress to amend the Niko-1 well funding contract such that it allows the Niko-1 well to be sidetracked/drilled and completed in Zone 19 and subsequently tested and produced in a similar manner as Taribani well T-39. Â The Company will provide an update in due course regarding final outcome.
Nodrog, it has been RNSd that they are in negotiations to drill deeper with the investor.
Until those talks are concluded the drilling cannot start and hence we have been notified of this delay via RNS.
The car will eventually run out of petrol, leaving the dog all the time in the world to catch it.
StarRage, he did, but then at the end of the meeting (which is also on the audio), Levan corrected that and said they were actually signed at the end of August and RNS'd on 3rd Sept
Stop talking nonsense.
The NDA is valid for a year and it was signed in August 2018.
British Petroleum in Georgia: Ongoing Achievements
Full Article: http://georgiatoday.ge/news/12725/British-Petroleum-in-Georgia%3A-Ongoing-Achievements
Christopher Schlueter, BP Georgia Country Manager and Area Operations Manager, was invited as a speaker at last Friday’s Bristol Business Conference, which was attended by numerous investors interested in hearing the British experience of Georgia’s successful development.
BP in Georgia has evolved from a few pioneers during its early days in 1996, to a peak workforce of 6,000 employees during construction works of the Southern Caucasus Pipeline, to today's operational workforce more than 500 employees.
BP is one of the world’s leading integrated oil and gas companies on the basis of market capitalization, proven reserves and production. Globally, it employs nearly 80,000 people and has exploration and production interests in more than 70 countries, including the midstream pipeline activities in Georgia.
In Georgia, BP operates the Baku-Tbilisi-Ceyhan oil pipeline (BTC) and South Caucasus gas Pipeline (SCP) on behalf of two international consortia of energy companies and investors. The BTC and SCP pipelines run side-by-side for 248 kilometers within the country.
Christopher Schlueter, who has lived in Georgia for five years, told conference attendees more about what BP has achieved in the region, and in Georgia in particular.
“BP came to Georgia over 20 years ago shortly after the ‘deal of the century’ was struck in the Caspian Sea to exploit the oil and gas resources there. BP was at the core of that deal and it came about due to the actions of many governments willing to make it happen. Georgia is right in the heart of that. The only way to move these resources West is through Georgia, which is a key player in that transit,” he said.
To date, BP has invested $4 billion in Georgia, and Schlueter was happy to confirm to future investors the potential of investing in the country.
“In 1996, our first development in Georgia was the Baku-Supsa pipeline. The route had already been established during Soviet times and we reestablished it. In 1999, the first tanker was loaded at the Supsa Terminal, and we’ve been proudly and safely loading tankers there ever since,” Schlueter noted. “Every week a tanker leaves Supsa Terminal, carrying 100-150 thousand barrels.”
The next project, which fully unlocked the Caspian, was the Baku – Tbilisi- Ceyhan line. Construction on that started in the early 2000s and concluded in 2006, and it now transports one million barrels a day at peak capacity.
“Shortly after that we built the first major gas pipeline through Azerbaijan and Georgia to Turkey, known as the South Caucasus Pipeline, which has been operating since 2007,” the BP Georgia Country Manager said. “These three pipelines alone put Georgia as a hugely significant player on the global map, transporting essentially 1% of the world’s hydrocarbons.
See link for the rest
Well, if YA are in order and we are in default, then we would need to pay them the $2.65m
Outrider, I don't think the situation would change regarding the notes in 2020 as we have initiated a case against them and not the other way around.
Maybe your a F*****g idiot is more informed!?
The point you keep forgetting is that FRR have opened a case against OutRider, not the other way around.
There is nothing for FRR to defend.
had to at these prices :-)
It seems everyone is trying to get a piece of FRR because they know how valuable the companies assets are.
FRR have 100% ownership of block 12 and I am confident it will stay that way.
I also believe a deal with one or more majors will be done in the near future and a lot of us brave souls will make a lot of money.
Fortune favours the brave and good luck to all of us holders. There certainly is not a dull moment here.
Remember in the background, the majors and FRR are absolutely thrashing these wells in every way possible to get all the data required to bring the oil out of the ground in the 10s of thousands barrells a day in the coming years.
GLA, bring it on!
FRR talks in about 37m30s
In my opinion the future sidetracks will be for exploration purposes down to the lower zones 23/25 to gather data. Then once they (majors) have the details required they will then drill new wells down to those zones also. The future could be very very good indeed.
I think you find the initial rates were released but the extended well test results have not been. They are trying various different parameters to gain more understanding and statistics to then know what would be best for long term production. All future wells (apart from maybe 2) will be new wells and not sidetracks like the current ones.
The flow rates have not been released as there are data exchange agreements in place that prevents them having to be released.
Cheers for doing this Kenco
You must remember that skeletons have no meat on the bones!
Well it certainly seems to me like FRR are making sure all the deals with the likes of YA, Outrider are water tight ready for a deal with a SUPER major.