Tom winnifrith not so wrong8 Aug 2016 20:43
Re: Tom Winnifrith
Indeed, I remember TW's "worthless" zoltav shares and this may be a mistake he would rather forget. I suspect Zoltav wouldn't be so under the radar once the sheer size of this venture is absorbed in the coming weeks. Already the 1st deal needs revaluation, if this 110 million barrel oil discovery in Koltogor 10 is confirmed in addition to the original 75 million barrels P2. On top of this the 2nd deal will be confirmed after 17 June, and this promises to be even larger. The Bortov licence contains 137.4 million barrels P2 reserves, and produced 2.8 million barrels boe in 2013, with considerable upside potential. It also includes the Western processing plant which has very large annual capacities of 500 million cubic metres gas and 958.1 million barrels of oil. "annual design capacity of the plant is 0.5 bcm (17.65 bcf) of gas, 146 million barrels of condensate, and 958.1 million barrels of oil. The plant is currently operating below capacity. Once on production, the Zhdanovskoye, Krasnokutskoye, East Karpenskoye, and Mokrousovskoye fields will also contribute to filling the Western Gas Plant's total capacity."
I don't think he would want to forget his words now ,he called it correct, in regards to the share price ,the only one laughing is him !! Well done Tom