Member Info for cannyscot2

Cocktails and malts in Gleska if we reach 2 to 3p.??

We are another day closer. Predictive Puddy where is it? pm? haha. Still giving it two and a half weeks for flow rates and hoping sooner. Hanging in there!!

will soon have a red dot for flow test results. Early rises just to check not too far away. Any time in next 2 and a half weeks. Jmo. YJ and Zaza do not keep us waiting too long please. We are getting a bit bored with the wait now. Even a twitter pic could relieve the boredom for a couple of weeks if flow test results not quite ready. Just letting us know you are still creating the value 24/7... ...............anything at all you can share. Please.

Nothing like biting the hand of the one that might feed you lol

.......... Pyro. and in mole's absence "results a day closer than they were yesterday"

back to bed you go and get out the other side next time. :) Puzzled emoji

Just like the rest of us Zaza and SN will not be enjoying seeing the s/p drop so far. Zaza's recent purchase £126k which showed great confidence was well north of here plus his £1.5m in the PB offer at .58p. He knows more than we do, a lot more, and £1.6m is not to be sneezed at whatever your personal circumstances. When you think about it Zaza has funded over half of one well cost by himself. Extended family could have bought in too.over the last 6 months. Not to mention Steve and Zaza's huge personal loans to the Company being converted at 1p per share with tie-in ending soon.. As sp stands they have lost 60% of their money. They will be itching to release good flow rates to see a return on investment. Zaza did not have to subscribe in the first PB which was way oversubscribed and was closed early. (Yes, it could be said that he, like the rest of us, was sure the gas would flow before Xmas and there would be no-one more disappointed than him that the pesky haematite got in the way). Is he sitting on his backside saying it is going nowhere? Is he posting negative stuff on a bb? No he got right back up, raised the necessary funds and gave the gas another shot and it is now in extended test and got 3 oil wells fully funded, with two now in extended test and the other possibly having been fracced (update awaited). He then got funding for Niko 1 for later in the year with a good deal for FRR and has a 10 year plan for the oil. and He stood by his word and made arrangements to clear YA from oil revenue (we assume) with no further dilution except the relatively small no of shares they are or have received as part of that deal. YA are no longer a stick to beat us with. The cancelled trades have been a real pain but if not ended they appear to be slackening off at least. Flow rates are all important in order for the m/cap to rise and give proof of concept of new drilling techniques with Dustin's expertise and get reserves onto balance sheet. and Oh yes, he (Dustin) was so confident he bought into the dream too with some of his hard earned salary, not a huge holding but enough to make a difference to his family's financial security just like the rest of us hope for, no matter what our level of investment is. It is all relevant to each individual. Tbh if the sp had hovered nearer the .60 mark while we awaited results the bb could have been a happier place but the strange trades. We are mostly but not all agreed that results of the CURRENT funded drill operations are due pretty soon and are not late. Nobody but nobody would invest £3m for Niko 1 if they did not like what they've seen. Reuters info, could that be the 10m to YA in pay-off deal and Reuters info out of date because of monthly sales. Will let others do the maths. Just my own random thoughts above and DYOR as always. Buzzwords "jaw dropping" according to Dustin's pals, "no fighting over an empty box", P

zib :)

Patience will wear thin if we are not notified of commingled well flow test results for Zones 14 and 15 for two wells within approx 60 days of last update on 8/5/18. Two and a half to three weeks!! Timster has gone with ambiguous dates for when news due. I am willing to wait full 60 days from RNS. Under-promise in hope of over-delivery. The gas, no timescale given on UD2 as well was still in cleanup when last mentioned in an RNS so will take as long as it takes. IF other factors at play it could be a wee while yet We are all victims of our own expectations which do not always coincide with what is happening on the ground. I am not trying to be smart, just realistic. I have been invested for only around 18 months and added at higher sp than today's. Very much feel for those who have been waiting on THE BIG REVEAL for 7 years or more but we are where we are. I thought back in Oct 2017 that we were going to steadily climb from .88 and like others was greedy for more but that gas has not delivered to the surface as easy as we thought AND delayed start on the 3 oil wells till January tempered expectations. C'est la vie!!

must annoy the hell out of Zaza and Co. We are always looking for news, convince ourselves (in some cases) it is overdue and breed discontent on this bb then pps fall out (or have a difference of opinion) because hopes pinned on early news . I do understand that lots have invested a huge amount and in some cases more than perhaps they are comfortable with (all eggs in one basket) but that is a decision each and every one of us made for ourselves. Anyone in doubt can sell any time (as Zaza said at 9/5/18 meeting). Re Xmas pressies, we all know about the haematite and the return to UD2 with a further approx 70 tons of proppant to open up the gas pockets. That is why there were no b****y xmas pressies so imvho that should now be put to bed once and for all. There could be US Independence Day pressies but we will have to wait and see. Good data is better than a half cocked RNS with initial flow rates which did nothing for s/p, especially when combined with the cancelled trades which again we can surmise what they were but we do not know for sure. On subject of well testing, be prepared for further testing once Zone 9 and possibly Zone 13 are fracced. It is an ongoing operation. Perhaps we will get a Production Licence when reserves and flows proved up. We just don't know for now (obv). I am still in the positive camp hoping for news on oil AND gas wells in next few weeks. Please give them time and BE PATIENT. Think before posting as you could be damaging your own investment and Shirley you do not want to do that.

If you decide to go underground till results received, don't think you will be underground for long. Results of some sort due in next couple of weeks and could be sooner. Everyone has their own idea of timescales. As UD2 was in cleanup on 8th may then it has not been tested for that long but could now be close to or over 30 days. Does anyone here know exactly how long cleanup takes? I suspect NO is the answer. Of course the gas was worth a "roll of the dice" but Zaza stated the expertise is in the oil and the 10 year plan looks very good for oil alone. If a bigger company decides they want a shot at the 202TCF gas in B12 then they should pay a decent premium for the privilege. That is still a MASSIVE amount of gas in Block 12. Try to remember the initial flow rates of oil were natural without being pumped. 1500 BOPD is not out of the question and if this is achieved the valuation of FRR is laughable at only two and a bit times annual income from the oil alone at today's prices. If it can be produced @ $12 pboo then profit will be good. We have come a long way in 12 months and the gas play is not a dead duck unless we are told that is the case. If it is then we will likely be told at the same time as sustained oil flow rates are announced. Jmo. Try to keep the faith and GLA

Why not just ask if you can go?

Last time?

it's like winter here today!! Raining - all back to normal !! Still worth starting to organise a trip. Takes time and Zaza busier than ever likely. Would take your minds off awaited results. Don't think TOT visited UD2.either. Tbilisi looks an okay place. Lots of ads recently on Euronews.

Dev - Should be able to start organising it then if only 6 to 8 weeks away?

Just a suggestion. Perhaps you should contact FRR or YJ and ask when PIs may visit site. A good while since TOT's last visit and a lot has happened since then.

http://georgiatoday.ge/news/10789/PM-Candidate-Mamuka-Bakhtadze%27s-Address This was on Thursday evening.

"Results are one day closer than they were yesterday". Truth and the only known that we definitely know! Quote of the day from mole.

the mm's drag it down a bit more for no apparent reason. Holding strong and long!!

Agree. Also small matter of who is new non-exec Director to be announced which could be telling................ At today's prices the next 18 months should see income in excess of $50m (once the 50% uplift in production from pumps is in place) and increased when Niko 1 cost recovered. If they spend on income producing projects during 2019 revenue will grow further so 2020 debt due should at worst be payable partly from oil revenue. Organic growth would be great. jao. THEN THERE IS THE GAS!!