RE: Energy independence17 Jan 2025 13:21
"The development plan for each field in the mid case sees an early production scheme delivering 30 MMCF/d gas production, rising to plateaus of 200 MMCF/d (each of Patardzueli-Samgori and Rustavi) and 100 MMCF/d (Teleti). Development costs are anticipated to be low on a USD/MMCF basis, given the onshore location of the fields and the proximity of sales infrastructure.
Gas quality in all three fields has consistently high CH4 content and no H2S or CO2 detected within the gas tests undertaken to date. The Company has developed fully costed appraisal programmes for all three fields, with a near-term focus on Patardzueli-Samgori in light of the results of the PAT-E1 well drilled by Schlumberger".
Massive revenue according to these flow rates.... Our gas is in demand, Georgia needs it , Europe needs it, gas prices are rising, our asset value is rising!! Come on PH, time for a HUGE update!