Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Is 23:40.. Looks like it's gonna be tomorrow lads..
I don't think it's even been released yet..
I think all the WhatsApp group members have to read it before it’s released to the hounds, sorry the board.. But one of them’s working till midnight, hang in lads :-)
Bezzy, well done anyway ..
Coggy, Doesn't Udabno comes under Mtsarikhevi area ?.. Its only 12km away..
Arsenal, would be delighted to think so..
https://www.gogc.ge/uploads/tinymce/documents/Book%204,%2025,%2021.03.2020.pdf
"Oil and Gas Sector of Georgia in the transition period" Tbilisi 2020
A large report of 180 pages long, A couple of sections caught my eye.. One saying Georgia's gas security from Azerbaijan is secure only until 2026, Then they will need other sources ...
Another section on page 83 states the following...
"Currently, 16 fields are being developed in Georgia, including 15 oil fields and 1 gas-condensate
field (see the Figure): Eastern Chaladidi, Supsa, Shromisubani, Norio, Satskhenisi, SamgoriPatardzeuli-Ninotsminda, Samgori South Dome, Teleti, West Rustavi, Mtsarekhevi, Baida,
Taribani, Mirzaani, Patara Shiraki, Nazarlebi, Rustavi (gas condensate)"..
6 of those fields are ours.. Mtsarekhevi, Baida, Taribani, Mirzaani, Patara Shiraki & Nazarelebi..
I had no idea that Patara Shiraki & Nazarlebi fields (both in block 12 shallow fields zone) were being "developed"...
I also had no idea we are also developing the Baida field (which sits along side the Taribani Field Unit Complex)
phase 3 of Varangs exploration option was going to target well at the Baida field..
Next question, Who's in there and who's developing them ?..
https://www.gogc.ge/uploads/tinymce/documents/Book%204,%2025,%2021.03.2020.pdf
"Frontera corporation. (CIA partner) Natural gas company based in Houston. Believed to be working with the CIA in the republic of Georgia.
Be careful Mr Tatishvilli, You might be getting a knock at the door one night ;-)
https://books.google.co.uk/books?id=rdw9DwAAQBAJ&pg=PA165&lpg=PA165&dq=cia+frontera+georgia&source=bl&ots=UoJckx86Im&sig=ACfU3U3DRmgnt5NmKWGVgdJBFQe4UPL7Iw&hl=en&sa=X&ved=2ahUKEwiY99WvhZHpAhUdUBUIHXuXBicQ6AEwBXoECAoQAQ#v=onepage&q=cia%20frontera%20georgia&f=false
erazzel, Not sure there.. The pipeline brings Georgia "energy security", this is different to "energy independence"..
?????????? despite the fact that the government has changed everyone's working mode, we continue working on important energy reform with the government of Georgia We are making energy security and independence of Georgia.We have started online training on the rules on the government, economy and sustainable development of the ministry of Parliament, economy and sustainable development of the ministry of Parliament, economy and sustainable development For Representatives, for those who are making reform within the new law of energy.--The COVID-19 pandemic is changing the way we work, but it’s not reducing our support for Georgia’s energy security and self-reliance. We continue to partner with the Government of Georgia on important energy reforms. We launched a series of remotely delivered Regulatory Impact Assessment (RIA) training courses to help employees of the Parliament of Georgia, the Ministry of Economy and Sustainable Development, and other energy institutions implement reforms under the new Energy Law.ISET - International School of EconomicsUSAID Energy ProgramUS Embassy Tbilisi, Georgia??????????? ??????????????????? ?? ??????? ???????????? ????????????????????? ??????????“We continue working on important energy reform with the government of Georgia, we are making energy security and independence of Georgia”... food for thought.. If FRR had just been stuffed in Arb, would they be making announcements like this ?.. The plot thickens..
TSBS, It looks as though the Georgians are on Mirzaani field shooting videos of all the old pump jacks and some pools of oil.
seems to me they're trying to paint us in a bad light, cast your mind back a couple of years to Dustin and all the drill crews on Taribani using some smart,modern looking kit, No sign of the State agency shooting videos then, Because they didn't like it.
It appears, as we suspected, that Mirzaani is one of the ares they have "won" back from us, Maybe just trying to justify to their people the arbitration against us.. Best of luck to them on Mirzaani, We've got all the data on it..
Just spotted this now, Terribly spasmodic video which keeps stopping and starting, Showing Mirzaani field..
https://www.imedi.ge/ge/video/53537/saqartvelom-pronteras-saertashoriso-arbirtajshi-dava-mougo?fbclid=IwAR11rk3PwSbHmpesHPn3h6-7ZlMrnm5OfmOE0BB_gKHRRj9TSx0XTz2hjI8
Piscean, I'd actually be in profit at .4.. But I'd like a bit more for my patience and agony ..
40p-50p a share.. If they offered me 4p-5p a share I'd grab it and run for the door !
“Reportedly ruled in favour”..? Reportedly.. ?
This “ Georgian victory” still doesn’t 100% ring true to me..
I’ve asked both GOGC & the state agency oil gas to confirm to me that Frontera have lost 99% of block 12, and the Georgians have gained this 99%.. GOGC read, but ignored my question.. The state agency replied but slipped the question and wouldn’t confirm either way. ?
Earsbern, was released on SAOG's FB page
Sorry, Bedex
“The Arbitration Tribunal Decision
LEPL “State Agency of Oil and Gas” (SAOG) along with JSC “Georgian Oil and Gas Corporation” (GOGC) have won the arbitration dispute against the company “Frontera”.
On April 17, 2020, final decision was issued by the International Arbitration Tribunal regarding disputed issues between the parties, on the one hand, JSC “Georgian Oil and Gas Corporation” and LEPL “State Agency of Oil and Gas” and on the other hand, “Frontera Resources Corporation Georgia” and “Frontera USA” upon 25th of June, 1997 production sharing agreement and the study of the processing plant based on contract.
The Arbitration Tribunal supported interpretation of the norms of the contract by JSC “Georgian Oil and Gas Corporation” and LEPL “State Agency of Oil and Gas” and satisfied the absolute majority of their claims.
Along with other issues, The Arbitration Tribunal ruled that “Frontera Resources Corporation” had substantially violated the contract via refusal to return the research area (99% of the entire licensed area) to the state.
According to the decision, “Frontera” is instructed to reimburse the fee paid by JSC “Georgian Oil and Gas Corporation” for the use of natural resources and also to reimburse the plaintiffs’ for the costs of arbitration proceedings.
The Arbitration Tribunal also upheld an appeal against the claims of “Frontera Resources Corporation Georgia” and “Frontera USA” and terminated the arbitration proceedings upon the issue. According to the contract, the decision of The Arbitral Tribunal is final.
Currently, JSC “Georgian Oil and Gas Corporation” and LEPL “State Agency of Oil and Gas” are considering further steps toward implementation of the decision taken by The Arbitration Tribunal and accomplishing other rights granted by the contract.
Oil will bounce back Puddy.. There will likely be a U.S. drone attack on the Saudi oilfields soon which will be blamed on others to send the price back up...