Member Info for Chris572

What a way to start the week, Thank you looped

Archil Talakvadze: I am sure the US Congress is well aware of the dispute over the Frontera

Archil Talakvadze
Archil Talakvadze
Photo: Parliament of Georgia
"The oil and gas company Frontera Resources was not connected to the political process," Parliament Speaker Archil Talakvadze told the Chronicle.

He said the Frontera issue was one of the topics discussed during a meeting with congressmen in the United States. "At a meeting with congressmen, we had a conversation with the company Frontera, which was isolated in a letter sent by congressmen for the first time. This was evident in the meetings. The Frontera case is under discussion in Stockholm arbitration. Accordingly, we will not comment in advance as we are responsible. The fact is that arbitration is the truth and we respect this decision no matter what. Its connection to current political processes was not really right. I am sure that the Congress is well aware of the dispute over the Frontera, ”Talakvadze told the Chronicle.

Republican Congressman Marcouine Malin, in a letter sent to George Gakharia on January 19, is concerned "with Georgia's shifting democratic values ??and deteriorating economy." According to him, American and European business interests in Georgia were subject to harassment and assault - for example, the oil and gas company Frontera Resources, Texas.

Hogan Lovells, one of the world's largest international law firms, issued a statement on January 31, 2020, basing Frontera's allegations on the Georgian side.

Anne's recent comment on Georgia . The GG do not want to discourage investment from the like of BP

24.Jan .2020
Ann Davies, Director of BP Georgia declares, that there are several economic challenges in Georgia, so organizations like the EU-Georgia Business Council, is very important.

There can always be challenges that may be related to the political or macroeconomic situation in the country. We must work together to help the business environment in the country and enable them to grow

https://bm.ge/en/article/director-of-bp-georgia-there-are-several-economic-challenges-in-georgia/47620

https://ru.telegram.one/sputniklive/4121

Today I met with @GakhariaGiorgi, Prime Minister of Georgia. We discussed @GovernmentGeo’s economic priorities, especially increased investment and job creation. Important for countries like Georgia to continue on the path of democratic reform and private sector growth

There must the laws against congressmen lobbying for companies they have shareholdings in ... I can’t see that being legal

"Georgian Dream" advised the US to tone down 16:01 01/28/2020 The “Georgian Dream”, which was flooded with letters from the United States, goes into a counterattack. The authorities promise to "deal" with dissatisfied congressmen face to face.
????????: https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://ghall.com.ua/2020/01/28/gruzinskaya-mechta-posovetovala-ssha-sbavit-ton/&xid=17259,15700002,15700023,15700186,15700190,15700256,15700259,15700262,15700265,15700271&usg=ALkJrhjlfFbkuP5dyS6-Ee_E4OUOlx3tNA

Just thinking out loud about your comment prodigy this part in particular

'this would suggest the positive outcome is worth far in excess of 3.5 billion.'

if you were submitting a claim wouldn't you ask for the maximum not the minimum? like when we submitted a claim against hope for 56million... im sure FRR never expected to get this amount but they can then come to an agreement and meet somewhere in the middle?

Sorry guys but it’s not recent footage it’s over 6 years old

https://youtu.be/OOA79SFkX_o

Sergi Kapanadze is a deputy speaker of Georgia's Parliament and here his comments regarding the letter (article was posted 30mins ago btw)

European Parliament lawmaker Sergi Kapanadze says the critical letter from US Congressman Marvin Malin should be a "wake-up call" to the authorities. The lawmaker stated this with the main channel.

https://on.ge/story/48987-??-????-????-?????-????????????????-????-????????????????-????????-????????????-???????

Fantastic work looped,

Had a look myself this morning and found a copy of the letter at the bottom of this link , letters dated jan 13th and at the bottom you can see 8 Secretaries of State have been cc’d in , including Mike Pompeo

https://forum.ge/?f=29&showtopic=35135386

Georgia has announced an international tender for 2 oil and gas blocks offshore the Black Sea. Again
Investors will be offered 2 subsoil plots with an area of ??5.3 thousand km2 and 3.5 thousand km2 off the coast of Georgia
Georgia has announced an international tender for 2 oil and gas blocks offshore the Black Sea. Again
Tbilisi, Jan 17 - IA Neftegaz.RU. The State Oil and Gas Agency (SAOG) has announced an open international tender for a general license for the use of oil and gas resources on the Black Sea shelf.
This is stated in the message of the agency.

Investors will be offered 2 subsoil plots with an area of ??5.3 thousand km2 and 3.5 thousand km2 off the coast of Georgia.
Companies with at least 5 years of experience in the search and (or) offshore oil and gas production can take part in the tender.
Complete information about the facilities will be provided to applicants on February 1, 2020.
Applications will end on April 20, 2020.

It was previously planned that the Georgian government would announce an auction for the development of oil and gas resources in the Black Sea at the end of 2019.
By this time, the study of the potential of the Georgian Black Sea sector, which was conducted by ExxonMobil, was to be completed.
According to the government’s plans, exploration (geological exploration) will give Georgia the opportunity to obtain certain industrial volumes of domestic gas.

Oil and gas production in Georgia is carried out in the 1930s. and peak production occurred in 1980-1983.
In 2017, 32 thousand tons of oil was produced in Georgia, which is 17.1% less than a year earlier.
In 2018 production decreased by 6.3%, which was the lowest indicator for all years of oil production in the country.
In 2018, gas production in Georgia amounted to 16.5 million m3.
Given that Georgia consumes on average about 1.2 million tons / year of oil products and about 2.5 billion m3 / year of gas, the bulk of hydrocarbons are imported from Azerbaijan, Russia, Romania and Bulgaria.

Georgia has subsoil areas that are promising from the point of view of hydrocarbons, including on the shelf.
In 2000-2009 Anadarko conducted geological exploration in the Georgian sector of the Black Sea and discovered prospective oil reserves in 2 subsoil areas in the amount of about 140 million tons.
In 2016, the US Frontera Resources announced the opening of 5.3 trillion cubic meters of gas in eastern Georgia, promising to begin exporting gas to Turkey and Eastern Europe in 2021.

https://neftegaz.ru/news/dobycha/519392-gruziya-obyavila-mezhdunarodnyy-tender-na-2-neftegazovykh-bloka-na-shelfe-chernogo-morya-snova/

It’s dated today and a pretty big Georgian article about FRR . Posted 10 hours ago

https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://batumelebi.netgazeti.ge/news/246134/&xid=17259,15700021,15700186,15700191,15700256,15700259,15700262,15700265,15700271,15700283&usg=ALkJrhjZXktVTBOvkCz3dyWlpI91oMYEEQ

With ConocoPhillips and Burlington Resources did they 10billion barrel of recoverable oil or was it OIP? Cause I thought we only have recovered oil of around 1 billion barrels ?

My thought on value are the same as pyros . FRR threat to sue the gg for $3.5bill is probably the best figure we have to go on just now even thought that was “loss of earning” apparently .

This also happened yesterday which ties in with your post keysersoze

The U.S. House of Representatives has passed a bill that will set aside $1 billion to support energy projects in Eastern Europe and Eurasia to wean the region off Russian oil and gas.

The bill is expected to pass the Senate and be signed by President Donald Trump this week.

$1 billion that could be used to finance strategic energy projects in the region, such as liquefied natural gas (LNG) terminals, gas interconnectors Etc

Sorry ! about 6 beers and two gins in Coggy, I’d like to say business as usual tomorrow but it is the festive period lol, cheers everyone to a year of sleuthing , people wonder how the bb is still going .... all I’ll say is I genuinely enjoy interacting with you lot more than the people follow on Facebook . 2020 .... the year of the optician , will also be the year for FRR

False alarm just read the bottom of the email

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New filing in Outrider Master Fund, L.P. v. Nicandros et al: STIPULATED AND AGREED PROTECTIVE ORDER granting [22] Joint MOTION for Protective Order (Signed by Judge Andrew S Hanen) Parties notified.(rhawkins)

BP regional president: By 2040, global energy demand to increase by 30%

Despite continuous hydrocarbon production, efforts should be made to reduce the environmental impact of this process, BP Regional President for Azerbaijan-Georgia-Turkey Gary Jones said at at the Energy Forward conference organized by Baker Hughes company

the BP regional president said, adding that companies should work together to meet these challenges.

for the first time, Azerbaijan hosts the Energy Forward conference organized by Baker Hughes, to discuss the main trends that significantly affect productivity, efficiency and safety in the oil and gas sector.

unique technology event that brings together more than 250 leaders and key partners from major oil and gas companies in the world to share best practices and results at the international level and identify opportunities in engineering, science and information, demonstrating digital transformation and innovation for the further development of the oil and gas sector in the Caspian region

https://en.trend.az/business/energy/3161494.html

SOCAR teams were also on FRR drill sites mid 2018, staff were uploading pictures on facebook at taribani