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Date : 06/03/2024 13:00
Judge : Salome Samkharadze
Parties : "Frontera Resources US LLC", Giorgi Kishmaria, Elene Kishmaria, Zaza Mamulaishvili
hall : 0
https://tcc.court.ge/ka/Sessions
Happy Orthodox Christmas Zaza !!
Date : 08/01/2024 15:30
Judge : Irina Gogoladze
Parties : Elene Kishmaria, Revenue Service of the State Government, Green Capital LLC
Hall: 32
Among other things, you mentioned that the extraction of natural gas in the mentioned area was connected with technical difficulties and required horizontal drilling as well as vertical drilling. At what stage are these works and after what period can we see the real result?
- The 4500-5000 meter well is drilled vertically and then we aim to drill 1000 meters horizontally across the reservoir. It is a risky step, but the goal is to get closer to the already established 16 million cubic meters of natural gas extraction potential. We plan to start drilling works at the beginning of next year. An active marketing campaign to find a third party in the countries of the region will start in 2024 and will last for 3-6 months.
- The year is coming to an end and I would like to ask you to summarize 2023, how was 2023 for "Block Energy" and what are your plans for 2024? Are you planning to start new projects? How much do you plan to invest in the future?
If in the past years our main focus was on oil production, from next year we will focus directly on the development of a proven natural gas field, which is our responsibility. Everything will be directed towards this project to find partners and if we achieve this strategic goal it will be a big step forward for the country. Among them, we are looking for new projects - we have started cooperation with one of the Georgian licensing companies, in cooperation with them we will cover 10-15% of the licensed territories of Georgia. We will implement the project in cooperation with the company "Georgia Oil and Gas Limited". We communicated both directly with the company and with public institutions regarding the unification of license areas. Cooperation with Georgian Oil and Gas has been confirmed by the Oil and Gas Corporation. Consolidation of license areas will give us a greater opportunity to achieve our strategic goal. To summarize, next year we will focus on the development of the natural gas field and also on the implementation of a new project with Georgian Oil and Gas. The cost of the natural gas field project is 1-1.5 billion dollars, investment in this direction will be implemented in several phases and will reach 150-200 million dollars. As for the project that we are implementing together with Georgian Oil and Gas and where there are several billion barrels of oil extraction resources, in this case the cost of the project is also several billion dollars, and the amount of investment reaches 300-400 million dollars. 3/3
https://bm.ge/news/navtobisa-da-bunebrivi-airis-mopovebis-potentsiali-saqartveloshi-interviu-blok-enerjis-ceo-tan
What information do you have about Georgia's reserves in relation to this mineral?
- Most of the country's energy needs are met by hydrocarbons such as natural gas and oil. We also make our contribution in meeting domestic demand. The main part of the demand, 90%, is met by the country with imported resources, and the rest with local resources. Our goal is to become the largest supplier of energy resources and develop local production to meet local demand.
We often talk about energy independence - to what extent are the existing resources sufficient for the country not to be dependent on imports in this regard?
- There is a public-private partnership in the sector, which means that the government is your partner in developing your assets. The legislation is exactly where it should be, it is relevant to the existing reality. The government is helping to create an interesting investment environment, but in my opinion, the only direction the government should focus on is marketing. The state should take care of promotion to position Georgia as a country of interest to investors. When I start talking about Georgia in other countries, I realize that awareness is still low today. There is more general information about the country and information attractive to investors is less available.
Special interest in the company arose after the presence of a 16 billion cubic meter natural gas field was confirmed in your license block - what processes are underway with regard to this project?
- Internal investigation works have already been completed. We believe there is an opportunity to further increase the potential on the ground. At the moment, the third stage of the audit, which the British company is carrying out, is in progress and the results will be published by January 7. The next stage will be to find a partner, I mean big companies that we will talk to about the potential of the project and try to get them interested in joining the amazing journey that involves the development of resources in this area. 2/
The Block Energy company has been working on oil and gas extraction in Georgia since 2018. A few years ago, the existence of a natural gas field of 16 billion cubic meters was confirmed in its license area. What is the potential of the country in terms of oil and natural gas extraction - CEO of the company Paul Haywood answered the questions of BM.GE.
You started operating in the Georgian market in 2018. If you can, please provide us with information about the progress of the projects - in which areas does "Block Energy" work and at what stage is the work? Also, in total, how much have you invested in the country?
- "Block Energy" has been officially present on the Georgian market since 2018. At this stage, we are working on 5 main projects. Our main focus is on the areas west of Rustavi, and we are also working on a gas extraction project near Patardzeuli. As for the total investment - after 2018, we invested approximately 30 million dollars. The investment process became particularly active since 2020, when we purchased a license from Schlumberger, one of the players in the Georgian market, and today we are 100% annual owners of license blocks 11B and 9. We have already completed the previous investment plan, recruited a working group and defined an aggressive development plan, which includes an increase in investments from our side.
How much gas and oil have you been able to extract and how successful do you consider the existing data?
- The oil resources in Georgia are very large, we think that the country has the potential to extract several billion barrels of oil, and there is also significant potential in the direction of natural gas. In this case, the country's potential is several trillion cubic meters of natural gas, part of which has already been extracted by our predecessor. Historically, license areas in Georgia were owned and managed by different parties. Today, I see the consolidation of existing contracts, which in turn leads to greater interest from oil companies. Another advantage of your country is that there is a fairly developed infrastructure for our sector, which covers the entire country. So you have the infrastructure, resources and relevant legislation to go along with the extraction of the country's natural resources. Also here is a stable ideal operating environment. From a geological point of view, there are difficulties, drilling a well requires time, but we see significant potential. 1/
SN recently held a business event in Texas -
As part of his visit to Texas, Ambassador David Zalkaliani engaged with leaders and representatives of companies based in Houston.
Ambassador Zalkaliani shared insights into Georgia's investment and business climate, highlighting the nation's recent economic growth. He emphasized the importance of American business engagement in Georgia's economic development and its European integration. Notably, approximately 300 American companies are already operating successfully in Georgia, and the country welcomes new initiatives from American companies.
Ambassador also discussed current events in Georgia and the Black Sea region, including Russia's aggression in Ukraine and the challenging situation in Georgia's occupied territories. Ambassador Zalkaliani reiterated that granting Georgia candidate status for the European Union would further enhance the nation's economic progress.
Among the distinguished guests were representatives from America Georgia Business Council , ExxonMobil, Freeport Energy, B1 Bank, Frontera Resources, and Pappas Bros. Restaurants. Special thanks to Honorary Consul of Georgia Janet Moore and President of Frontera Resources Steve Nicandros for organizing this great meeting.
https://www.facebook.com/100050510708654/posts/907141477646201/?app=fbl
An updated article to what tsbs1 posted.
"We will try to bring in a strong technological company" - there is another oil and gas field in Kakheti
Elene Gogberashvili
01.11.23 18:00
The Oil and Gas Agency is planning to bring an international investor to the 10th license block in Kakheti. According to the head of the agency, there are historically both gas and oil reserves there.
The said license block is 4,336 square kilometers and includes the districts of Tianeti, Sagarejo, Akhmet, Telavi, Kvareli, Sighnaghi, Gurjaan and Lagodekhi.
"We have a free license block in the direction of Kakheti, where we are thinking of reprocessing the materials in this area to offer to investors. It is a block with a large area, in an interesting location, there was a well drilled historically, in which there were both oil and gas occurrences.
We will try and try to bring in a strong technological company that will develop this direction as well", Giorgi Tatishvili told bm.ge.
The volume of oil and gas extracted in Georgia is increasing. According to the head of the State Oil and Gas Agency, this year oil production has increased by 200%, and gas production has increased by 140%. The Agency hopes that the last recorded indicators of the year will reach the 40,000-ton mark in the case of oil, and 15-18 million m³ in the case of gas.
https://bm.ge/news/vetsdebit-dzlieri-teqnologiuri-kompania-shemoviyvanot-kakhetshi-navtobisa-da-gazis-kidev-erti-sabadoa
Date : 17/10/2023 13:00
Judge : Salome Samkharadze
Parties : Frontera Resources US LLC , Giorgi Kishmaria, Elene Kishmaria, Zaza Mamulaishvili
hall : 28
https://tcc.court.ge/ka/Sessions
Madpunter - Agree ‘yet’ !!
Just been looking if there’s any reaction from the GD about her appointment. Can’t seem to find anything
She’s an interesting new Ambassador Looed.
At an Atlantic Council forum in 2016 she said -
ROBIN DUNNIGAN: Well, first of all, thank you for having me. I always learn something at the events and reports from the Atlantic Council. So I think it’s very helpful to do forums like this.
So you are right, it is not new that the United States has been interested in and supportive of European energy security. I mean, earlier in my career I worked on the Baku-Tbilisi-Ceyhan pipeline, which the United States was a huge supporter of that pipeline, as Ambassador Morningstar knows. We don’t have a single commercial interest in that pipeline.
https://www.atlanticcouncil.org/commentary/transcript/u-s-lng-exports-and-european-energy-security-conference-challenges-to-european-energy-security-and-the-european-energy-union/
Date : 07/07/2023 13:00
Judge : Salome Samkharadze
Parties : “Frontera Resources US LLC”, Giorgi Kishmaria, Elene Kishmaria, Zaza Mamulaishvili
https://tcc.court.ge/ka/Sessions
ODR - I’m not aware of any evidence. It’s just an interesting theory as far as I know.
An interesting theory came up that maybe the Kishmaria’s might be working with our Frontera now! Thanks
Date : 25/05/2023 12:00
Judge : Salome Samkharadze
Parties : Giorgi Kishmaria, Elene Kishmaria, Zaza Mamulaishvili, Thea Sichinava
hall : 32
Elene Kishmaria (Capital Lawyers) is ZM’s lawyer.
On their website at the bottom in the service section (unbelievable) they say -
“The scope of work of Capital Lawyers focuses on individuals and one-off cases. Having worked with "Frontera", "Rusmetal" and other multibillion-dollar companies, Elene Kishmaria has a high competence in providing corporate services (so-called outsourcing) to business organizations and companies of all sizes.”
https://capitallawyers.ge/%e1%83%9b%e1%83%9d%e1%83%9b%e1%83%a1%e1%83%90%e1%83%ae%e1%83%a3%e1%83%a0%e1%83%94%e1%83%91%e1%83%90/
05.05.2023 12:00:00
Hall No. 6 Ekaterine Kancheli Zaza Mamulaishvili, Tamar Giguashvili, Teimuraz Narsia, Merab Ghilava
http://www.tbappeal.court.ge/?category=3&mc=3
Hi Chris, there was this press release during the Dolphin block saga. At the bottom it states -
“Frontera Resources is a privately held oil and gas exploration and production company, established and headquartered in Houston TX, USA since 1996. Since its inception, the company invested in oil and gas projects around the globe, discovered and certified oil and gas reserves in excess of 14 billion barrels of oil and over 30 trillion cubic feet of gas.“
(July 29, 2019)
https://expro.com.ua/upload/images/frontera%2001%281%29.jpg
Date : 05/04/2023 15:00
Judge : Salome Samkharadze
Parties : Giorgi Kishmaria, Oil and Gas Agency, Frontera Resources Georgia Corporation branch in Georgia, Frontera Resources Georgia Corporation
hall : 25
Date : 28/03/2023 10:30
Judge : Ketevan Minashvili
Parties : Inga Kotsoladze, Nikoloz Mamulaishvili, Police Department of the Ministry of Internal Affairs
hall : 39
Apparently there was two draft laws on “foreign agents”
“1/2 UPDATE: Georgian Dream party stated to withdraw the first draft law that was passed. However, they initiated two draft laws on "foreign agents", the second one is even more brutal as it includes sanctions against individuals along with NGO, media etc.”
“2/2 GD noted nothing on the 2nd draft law. GD also said to start communicating and explaining to the public the "positive" intentions of the laws . Seems more like a tactical retreat rather than surrender. Early to celebrate.“
“P.S There is no such procedure as withdrawing a draft law after its 1st reading. GD should vote against the draft law in the 2nd reading if they are really willing to "withdraw" ”
https://twitter.com/revishvilig/status/1633720889450569728?s=46&t=39qXFNeRHxOe_YhrAlMzMg
Patpill- What Bugsy said was correct. It was your choice so stop blaming others.
Agenda.ge, 24 Oct 2018 - 13:04, Tbilisi,Georgia
American multinational oil and gas corporation ExxonMobil has shown an interest in Georgia’s potential in terms of oil and gas, is going to evaluate the potential of hydrocarbons in the country’s west.
ExxonMobil signed an agreement on conducting fieldwork on hydrocarbon resources in Georgia with the State Agency for Oil and Gas of Georgia’s Ministry of Economy.
After completing the examination of the geological and geophysical data transmitted by the agency to the company, ExxonMobil will prepare a report.
The fact that such a large company is showing an interest in Georgia’s potential in terms of oil and gas is a promising fact of outstanding significance”, Economy Minister of Georgia Giorgi Kobulia stated.
Representative of ExxonMobil Jonathan Wilson said that they are happy with cooperation with Georgia and will be able to use the experience to study Georgian hydrocarbon potential.
We have worked for a decade in the Black Sea and the surrounding areas. And it is a pleasure to extend our knowledge and experience to evaluate the potential of Georgia. We look forward to working closely with the state agency involved in the gas sector”, Wilson commented.
ExxonMobil will provide trainings for the employers of the State Agency for Oil and Gas to perfect their skills in using the database and stratigraphic analysis.
http://agenda.ge/en/news/2018/2204