RE: Fantastic news on the way13 Mar 2026 12:43
So much in the pipeline
already producing 500 boepd, has proved ccsu with a Billion £ company JV and has this waiting to be farmed out.. 200mmsfd can tie directly to a pipeline to Europe and would provide enough gas to meet 8% of the whole of Europes demand daily
£9m cap
“The Company has received a non-binding farm-in offer from a large energy company following extensive technical and commercial engagement.
The indicative offer includes a full carry of the Patardzueli-Samgori appraisal programme”
Multi-field development programme enabling rapid scale-up
-Common appraisal and development approach to all fields
-Four well pilot programme delivers 30 MMCF/d
-Scale-up according to proved reservoir deliverability to manage risk, with initial potential of 100 MMCF/d rising to 200 MMCF/d with additional drilling
-Reservoir management intervention tool-kit: multi-lateral holes, side-track holes, hydraulic fracturing, deliquifaction, extend plateau to 2048 in mid-case, recovering over 1 TCF gas
-Design concept for facilities complete based on SLB concept selection work