Member Info for Chris572

Socar-Petrofac JV to provide management services for BP in Caspian Sea

Socar-Petrofac JV will provide project management services to support BP’s operations in Azerbaijan and Georgia.

We have worked with BP previously in the region and we are well positioned and committed to providing safe, reliable and efficient support in the delivery of their significant projects moving forwards in Azerbaijan and Georgia.”

The JV will support onshore and offshore projects operated by BP

https://www.offshore-technology.com/news/socar-petrofac-management-services-bp/

dont mean to deramp but SN and Zm have a large % of shares in FRR along side PI's but if they move the assets to a new entity then they could potentially have 100% share holding of that entity and write off there investment in FRR. thats my concern.

The political and social effects of the SCP, TANAP and TAP pipelines, which are part of the southern gas corridor, are significant.
Until now Georgia was the only gas transit region of regional importance, now it has become an international player.
Gas from across the country will play an important role in enhancing the diversification and security of supply in international, mainly EU energy markets.
Consequently, the prospect of Georgia's integration into the progressive international economic and political structures will also be significantly enhanced.

https://www.facebook.com/155333151301236/posts/1408761649291707?sfns=mo

How do we opt into the exit option ? I’ve read it a few time’s but it’s not clear ... do we just sell as normal or contact our broker ?

anyone seen SN letter yet ?

The study area of this basin spanning from Georgia to the West, to Azerbaijan to the East, a region characterised by very promising hydrocarbon potential.While Azerbaijan experienced a flourishing oil and gas history, the same cannot be told for the adjacent Georgia country, which still is an underexplored area with unexpressed potential for conventional oil and gas, shale oil and shale gas resource plays. Positive petroleum legislation and regulation, together with the expected improvement in service infrastructures feed the growing interest in further exploration of the area.

http://www.geplan.it/basin-reports/rioni-and-kura-basins-petroleum-prospectivity/

3p a share is not 'well played' unless you mean shareholders got well played and in that context you are correct

Wonder who will snap that up.

Tender announcement

State of Georgia represented by the State Oil and Gas Agency of the Ministry of Economy and Sustainable Development of Georgia, in accordance with the Law of Georgia on Oil and Gas and the National Rules of Procedure for Oil and Gas Operations, announcing on November 27, 2019 an open international tender for oil and gas resources To obtain a general license to use the Bit on the XIH License Block.

https://www.facebook.com/1416847798539016/posts/2763420473881735?sfns=mo

Natural Gas World: U.S. Lawmakers Introduce Bipartisan Resolution To Support Eastern Europe Energy Independence
November 2, 2019 |

Representatives Marcy Kaptur and Adam Kinzinger sponsored the resolution, which expresses U.S. support for new energy projects that enhance connectivity in the 12 countries located between the Adriatic, Black and Baltic Seas and reduce their dependence on Russia.

The resolution reaffirms U.S. financial support for projects that advance U.S. economic or foreign policy interests.

“Now that Danish authorities have approved the Nord Stream II pipeline, we must now act swiftly to boost the energy security of our European allies by passing this critical legislation as well as sanctioning the pipeline,”

https://kinzinger.house.gov/news/documentsingle.aspx?DocumentID=402191

you think the GG will sell Georgia's best asset to the greatest suppressor of their country?... destroying US-Georgia relations and NATO integration?

'alternative deal proposed by the GG possibly involving the Russians to buy Block 12'. Madp your loosing the plot mate

i dont have linkedin but you sure its not frontera energy ? they work with SAIPEM and are a different company

23 Oct19 nothing we don't already know but i really hope FRR are part of that 'source diversification'

The construction of the Southern Gas Corridor is a certain source of route diversification and also provides an opportunity for source diversification,” he added. “Source and route diversification not only facilitates a secure energy supply but also ensures that commercial and industrial consumers have access to cheap gas and that utility prices remain low because all this is vital to maintaining competitiveness in a continuously changing world.”

https://en.trend.az/business/energy/3137667.html

Money well wasted

jumped into this today after that RNS. looking through the accounts i like what i see, assets increasing, profits increasing, not much debit,share buy back . what do you guys see at a your target price ? Fivecandle when you say 'a genuine bid target' do you mean potential takeover target ?

I thought that rns would sent this into the 40s

Not many share in issue either . Little buying pressure needed to push it north

The irony if YA and their death grip actually became our saviour and dishes the dirt on hope. YA got off sooo lightly that it raises eye brows about what info exchanged hands

Have to admit pophead I think I’ve about written this off , I smell a rat . Can’t put my finger on it but I just cant see Zaza dropping us all a kind message saying here’s you cheque guys . I’m still sleuthing but with a sceptical eye . Maybe I’m just having A bad day

The letter SN wrote to Urkaine government states we have certified reserves of 30tcf of gas and 14bl barrels of oil but dosn't say how much is recoverable. would love to know the P1, P2 and P3 of those reserves....then we can actually start to speculate on value.

until we have those figures we wont be able to estimate the value of block 12 or a possible buy out figure im afraid