Member Info for Coggy

IF, the gas is there, we will need investment to the tune of £Billions. A good producing UD2 result would merely have been something to put in the shop window as a tempter for Big Oil.

Similarly, if the oil is there, we will need the same amount of investment. Rolling along at a few thousand barrels a day is not the stuff of a $Billion Company. If Schlumberger and Block Energy find oil and gas in significant quantities, it will add tremendous weight for Big Oil to invest in the necessary infrastructure to exploit Georgias assets. Here lies the juxtaposition, as previously mentioned. A booming Georgia in competition with an established Azerbaijan.

I sense you are being pulled over to the other side by dark forces. Get thee behind me Satan.

😂

Cheers for that. Zone 9 has been producing for over 9 years on some wells though.

So you do agree with me?

😂

Isn't Zone 9 a producer already on these wells? I thought Zone 9 was just down for fraccing?

I know you're not having a go and what you've said is fair comment. Mole gave a good explanation some months ago of the "lost years" and the reasons behind lack of activity and finance. All water under the bridge now.

I just know that when I was constantly battling with dongle back in 2011, 2012 and 2013 about going for oil, I was right. Instead they wasted (imo) over two years time, effort and expense building a pilot gas plant capable of processing just a tad more gas than a zippo can handle.

The oil will come good. Am convinced of that. The deeper zones will be the best producers. I'm not sure what flow rates would be acceptable for T45 and Dino after 60 days. I'd be happy with a steady 100 bbls a day for the next 10 years for each well from zones 11 and 15.

Shirley not that long?

Been here 7 years and more and as frustrated as the next man. I also understand it's AIM and it doesn't owe me a profit or even a return. I'm not crying over my spilt milk or baying for blood either, despite being over 60% down again.

The market distrusts FRR, it always has. I'm just supporting something Billy said in that if another Operator finds gas, then that should have a positive knock on effect for us. No, we're not reliant on others, but it will certainly help us.

In the mean time, we wait.

Fair enough, UD2 was disappointing, but I personally believe ZM has done a tremendous amount of work these last twelve months in aid of Team FRR. You can't fault his industry, drive and determination.

I've no doubt the gas is there and in large volumes. Maybe something that Billy said last week will be the catalyst that ignites the SP in that both Schlumberger and Block Energy are currently active in Georgia. We've already told the world we are sat on multi tcf's of gas, but they don't believe us. If any of the other two announce a Gas strike, maybe the market will start to believe in us too?

What's been said is Zaza will record one tomorrow morning, for issue tomorrow afternoon. Then it was mentioned that another Podcast will be shown on Thursday.

Can't see the point of two, so we'll just have to wait and see what happens.

Click on my name next to this post and check all my posts from today.

Nothing about a Podcast.

Apology accepted.

LMOA

I've not posted anything about Podcasts PJ.

I've read something about it, but not commented. Please shoot the real messenger, not the innocent observer.

😂

"You can't handle the truth"

See about 2 minutes in.

https://www.youtube.com/watch?v=W2G2sac9s34

By the way, it was Fred who ordered the Code Fred.

That I have been left £10,000,000 by a rich Nigerian benefactor.

I've no nerves left to get frayed, they were shredded years ago on DES. I just go with the flow. What goes down goes up (or is it the other way round lol)

You do right to sit on the side lines though. No game for the faint hearted, as we all know. I was actually really encouraged by the last RNS, but that's just me 😀

😂

til we are 0.06p, then you might have something to moan about. In the mean time, sit tight and ride it out. The volume has been low and a reversal can happen anytime.

Triple A's linandy, Triple A's.

Just took a screenshot to remind me what it's like when the SP turns blue.

I think Heid's is p*ssed and posting on the wrong board.

You probs lost most of the posters on this BB with that one.

Lol