The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
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 ?