reminder why we are here...23 May 2019 10:33
from rns
Drill up to four horizontal sidetracks to scale up production and fund future capital programmes.
· Expand production facilities to increase capacity to 4,000 - 5,000 bbl/d.
· Acquire 3D seismic to provide critical understanding of subsurface.
· Appraise two existing gas discoveries.
· Drill one new well targeting gross contingent 2C gas resource of 608 BCF.
Within the next 24 months, the Company aims to bring West Rustavi gas reserves into production, to continue oil development and to secure additional licences in Georgia and the wider region.