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Posted by Looed on the 8th June :-

Do we need "House Rules"?
We should set some "house rules" about what we send for translation

1- Newspapers / websites have the biggest risk of duplication. I just chatted to the translator and he said for written word he should be able to tell us if we send him a few articles and they are all saying the same thing - but we should be careful not to overwhelm him with this kind of stuff. Also, this might detract from more important spoken word translations.

Triumph1 kindly offered to help coordinate some translation work. I am sure the group would be more than happy to pay for this type of work if the volume increases. Perhaps Triumph1's connection can be a back up if our guy gets overloaded or can help check for duplications before sending to the translator (though we can always find more freelancers on the upwork site in case of overload).

Or do we want to accept Google Translate for printed word is Ok in most cases?

2 - Do we automatically want to send all TV / radio / online spoken interviews / discussions for translation? I think its OK to ask the translator to skip the parts that aren't FRR-related (there was a long discussion on CV and open skies policy in my original translation that I didn't anticipate nor could he know to exclude). Its harder for him to scan spoken media and say this is a duplicate of what we already have.

3 Are there any more spoken interviews from the recent past that we think might be worth translating or do we prefer to focus on whats to come?

Can anyone thing of anything else we should consider?

Posted by Looed on the 8th June :-

Copy of messaging with translator and invoice
This is the conversation thread from yesterday to just now.

"[6/7/2020 1:57:36 PM] :Morning, can you give me an update on the translation, thanks

[6/7/2020 5:58:26 PM] Shota: Morning

[6/7/2020 5:58:32 PM] Shota: So, for the late answer

[6/7/2020 5:58:37 PM] Shota: Here is your file

[6/7/2020 6:00:38 PM] : OK thanks - let me check the file.

[6/7/2020 6:01:40 PM] Shota: Sure

[6/7/2020 7:24:09 PM] : Hi Shota all looks good thanks. Do you send a payment request or I can activate it from my side?

[6/7/2020 7:25:00 PM] Shota: Hi

[6/7/2020 7:25:04 PM] Shota: Great.

[6/7/2020 7:25:25 PM] Shota: I have already submitted the milestone, yoi just need to approve it

Milestone 1: "Translation of a TV interview from Georgian to English"
Due: Thursday, June 4, 2020
Amount paid: $110.00
Amount: $110.00
[
6/7/2020 7:26:00 PM] Shota: And if you have other similar tasks, you can leave the contract open and just add another milestone for the other project

[6/7/2020 7:30:21 PM]: Hi , I have just approved the payment.

Will let you know if I need more work done. Thanks for your help with this translation!

[6/7/2020 7:30:47 PM] Shota: Thanks

[6/7/2020 7:30:56 PM] Shota: My pleasure. Stay safe

[6/7/2020 7:31:05 PM] Shota: Looking forward to hearing from you

[6/8/2020 9:59:06 AM] : Morning Shota, it is possible we will have more translation work over the coming weeks - similar to the project you just completed.

Is it OK if I share your profile details from here with my group?

We are working out the details from our side of how to handle future projects and I want to show them how I was able to connect with you. Thanks"

And here is the invoice. Whoever joins the upwork group will be able to see the full invoice as I have removed my name and address -

"Shota
Business Name: Shota
I N V O I C E
INVOICE # DATE
DUE DATE TOTAL AMOUNT TOTAL DUE
T306156897 Jun 7, 2020 Jun 7, 2020 $110.00 $110.00
DESCRIPTION / MEMO
AMOUNT
Invoice for Translation of a TV interview from Georgian to English: Milestone 1 - Translation of a TV interview from Georgian to English
110.00
TOTAL AMOUNT:
$110.00"

Posted by Looed on the 8th June :-

Well I didn't expect to wake up to that!!!!
Wow - overwhelmed is an understatement! Thanks to everyone who either sent a message and / or contributed to the fund. I know money is tight for a lot of folks so this really is an amazing group effort.

This is the platform I used - its a remote working portal for almost anything.

-https://www.upwork.com/about/

Once a project is agreed the amount is paid into an escrow account (its an American platform so lots of Americanisms). I release the funds to the freelancer when the project - or "milestone" in upwork-speak - has been reviewed, approved and judged as completed.

I have just messaged the guy I used and asked if he is OK that I share his name and paste our recent message history and so you can see the milestone information. If he agrees I will edit out my name (need to use real name as must match the payment card name) but will leave everything else as is.

For the sake of transparency, I would suggest one or two members of this board join the site and I can I then invite them to join our project group. The person doesn't need to be an active member (unless they want to be) but they can monitor the messages and confirm all costs and payments. Typically you should get an email anytime there is activity / chat so you wouldn't need to keep logging in to check. (See below for how we might make contact). You should also be able to start a new project should something come in and I am not available.

It's an easy site to join. There are pages of info to be filled in but almost all of it is optional or can be dealt with later.

I will need to check with the freelancer that he is OK with this but cant see it being a problem.

I do have a UK bank account - paying money in isn't usually an issue, its paying out from a UK bank with an overseas address and into a 3rd country which is usually a problem. It took a few days but it is all sorted now so any future outgoings should be smooth. All payments to upwork are in US$. The freelancer told me he would receive US$80 of the US$110 I paid.

We need a way to communicate off this board to set this up. Would FSHG be able to facilitate this? I could email saying "I am Looed" with a reminder of my original validation documents ? Or you could reply my email and give me a code word or number combination I could post here as proof. Any other suggestions for how to communicate ?

Once the initial 'private' set-up messaging involving bank account details and joining the upwork group is done I suggest we post all future messages here relating to costs etc so everyone knows what is going on.

Open to any and all thoughts on how to progress this.

Again - many thanks!

Posted by Looed on the 7th June :-

Pt. 156(and final part)

Not specific, but we do not rule out that after the half-billion-dollar investment that we have discovered, there will be Rosneft, Gazprom, China`s CNPC, or SOCAR, would be happy to start developing all this without us.

It is clear, Mr. Zaza. To answer very briefly, as well as employees, we also know information about the protests concerning salary debt. What explanation can you give? They were talking about the 11-month debt. I know you have given an explanation in other media, but we also want to har this explanation from you.

I.e. As for the number of months and the number of people named, for some reason I am not included in this list, but I am also on the list, I have not received a salary for several months and I have not received a salary because we have been methodically drowned as a company for years. Bank accounts have been frozen, exports have been blocked, work permits have not been issued, various misinformation has been spread and we are still not paid, approx. 20 million VAT. You know what's going on around VAT, but they don’t pay us what ew have earned, and you know what? For 23 years, everyone have been getting their salaries on time, but with such pressure, when they freeze your account and block your work, it's very difficult for you to pay your salary at some point. As soon as the state fulfills its obligations, of course, everybody will get their own salary, including me.

Mr. Zaza, I am very sorry, we have to stop our conversation here. It was very interesting to talk to you and I would have continued the talks. Many more questions remain. We will keep an eye out and, if necessary, once again I would ask you to participate. Thank you very much. Zaza Mamulaishvili was a guest of “Radio Tavisufleba”s “Morning Talks”. He is the head of “Frontera Resources Georgia” and we have tried our best to get answers from him about this company. Many thanks to him, many thanks to our listeners and viewers for their attention and activity. “Radio Tavisufleba”s “Morning Talks” was led by me – Nino Gelashvili. Gocha Lezhava and Merab Nadirashvili were the directors of the program. Goodbye until tomorrow. “Radio Tavisufleba” is speaking.

Thank you very much

Transcript of - https://www.radiotavisupleba.ge/a/????-????????????-?????????-????????????-??-??????????????-??????/30639322.html

Posted by Looed on the 7th June :-

P.15

Yes. In the fourth quarter of 2019, we agreed with two other American companies (one company has a market capitalization of 23 billion and the other 20 billion) to build a consortium similar to that in the Caspian Sea, Azerbaijan, where oil and gas will be extracted and began Large-scale extraction of oil and gas in Georgia. When I arrived from Houston with the management of these companies, I appealed to the Prime Minister of Georgia, Gakharia, and the Minister of Economy, Turnava, to meet only to confirm to all three companies that Georgia welcomes foreign investment in oil and gas extraction. Imagine that they didn't even meet us, they didn't even answer us. This is a multi-billion dollar mine development project where thousands of people should be employed and huge value can be created for the country. Now what should be the reason, if not the desire that there were no American companies here at all. Plus Philip Morris, Georgian-American alloys, Iconia Capital, Caucasus Mining Corporation - These are the American companies that have also been harassed and are being harassed now. Plus - NDI And IRI, which you know how they are being discredited...

This is an old story, Mr. Zaza. We cannot blame these years. No government likes it, that is, when these organizations are in power and are always criticized.

Yes, but if you look at it together, these are fake Facebook accounts, this is an attack, insulting politicians in the live and ...

OK. We are running out of time already and our, so to speak, broadcasting company will reprimand us for this. I would like to ask you again, that is, to repeat the question - do you have information in business, especially when it comes to such a big business, it is very important, so to speak, intelligence activities in the business environment, say someone else's interests, etc. You may not be able to name it, but do you have specific information about a particular company, such as from Russia, because we are talking about, say, American interests, and you are making such assessments as the authors of those letters from Washington? Do you have information about the specific interests of a particular company?

Posted by Looed on the 7th June :-

P.14
What company is “Cornerstone Government Affairs”, which is mentioned here and has a document which is dated as 2019. For example, for $ 50,000 and so on.

Yes, we had a relationship with „Cornerstone“, but in 2019 we no longer had a relationship. I.e. We had this relationship with „Cornerstone“ and they did some work for us and we ended the contract. So we don't even have a contract with them. So to argue that lobbyists work is not really correct at this moment.
I want… Do we have any listeners waiting or shall I continue? I want ask the question – when… I am sorry, it looks like some of the listeners have already messaged us.

Mr. Gocha writes: "It is very sad that we, the citizens of Georgia and our country, have always been lost as a result of Saakashvili-Ivanishvili's unbridled arrogance and egocentrism."

"I don't know, “Frontera”, but the American senators will really do the trick and show Mr. Oligarch what a trick it is." Mr. Zura writes this.

Thank you so much for the feedback and there was no question. I will continue with my question. In practice, time is running out. What I want to ask you - when the conflict and the problems you describe have something to do with the state company and I want to express interest and narrow down the answer. If we say that the state is hindering your activities, what is the interest? You said that it started when it appeared, confirmed the existence of large stocks, and so on. As a result of your work, some problems have arisen since then. What kind of interest one might have and who has an interest? If you know more and because eventually it will be oil or natural gas, someone should extract it. Whether that will be Bidzina Ivanishvili, Minister, the Prime Minister, or the leader of the ruling party, they can`t extract it by theselves. What do you know more and what can you say today? What is the purpose? In other words, was there a statement about the termination of the contract of "Frontera", or is there some logic that "Frontera" should no longer be in the position of a state company? Shouldn't it work in Georgia? If possible, give us a specific answer as much as possible. You have 1.5 minutes. Sorry.

Posted by Looed on the 7th June :-

P.13
A big apology for this technical issue. The listener called and thanked you. You may have heard part of the beginning. There was no question, so I will continue with my question. I want it to be somewhat clear, I say again, I can’t follow each letter and the overall rhetoric and common critical mood and assessments are clear from the letters from Washington, and this issue already has specific political assessments. There are also reports that I think it has been proven that “Frontera” spends some money on lobbying, which is not illegal of course. What is the connection between this lobbying and these letters, which are often talked about by the government or another representative of the society who sees this process in this way? What can you cay about this?
T
hank you very much for this question, Ms. Nino. Of course, lobbying is not prohibited by law, but we do not have a contract with a lobbying company and no one is involved in our lobbying. This is false and misleading information, false information, which is unfortunately deliberately spread ...

For example, which is presented on the the webstite – “Opensecret”?

Yes, for example, if you look at the “Opensecret” website, it clearly states that the company has not paid any money for any of these politicians. There is one very important ...

Isn't it necessary to pay a politician personally, it works a little differently. Yes, I am listening.

Yes, you know what? There, “Opensececret” was used to demonstrate that the company was paying these politicians for their campaign, but it was also mentioned that the company, “Frontera”, had not given them any money.
But the company is spending money on lobbying, so let's say the connection to the letters of these politicians and, as expected, it is not unexpected that you deny all this, however, the company has paid for lobbying.
The company paid for lobbying 4 years ago. The company has been working with one of the companies for several months and since then they no longer have this contract and have not been involved in any such activities for 3 years. By the way, this agreement is public ...

..opensecrets.org“ website shows 2019

The company did not have this contract in 2019, so ... what is given on „opensecrets“ is that the company has not made any contribution. This is public information. 1 3 years old contract is registered with one of the lobbying companies which is kept in the Ministry of Finance and is in the Ministry of Justice, it lasted for several months and that`s it. This is public information and anyone can find it.

As for “opensecrets”, “opensecrets” has a list of politicians for who is given $500, or $2000, claiming that this contribution seems to have gone from the company, but there is also mentioned with a red font on the same website that none of these politicians have received the money from the company. There is 1 important detail and I will explain...

Posted by Looed on the 7th June :-

P.12
Yes, for 1 second before that I will just go back to the 3.5 billion lawsuit with our good will, we took it back approx. 1 year ago without asking the state to pay this amount and after that we tried to reach an agreement with them, but they did not want it, but at this moment it is clear to everyone that the company does not demand any compensation from the state. As for the processing of extracted oil, and also natural gas, which is no less important, of course, this is how it should be done. We have studied the Black Sea and Mediterranean basins several times so that Georgia has that potential. As soon as extraction increases, oil production must be built, which has historically existed here in Batumi, and will further improve not only the region, the Black Sea basin, but even the Mediterranean basin. Trading in oil products will further strengthen Georgia's trade relations in many countries and further improve those relations. As for natural gas, it also has great potential, as it can be a chemical industry, say, fertilizer production, if a variety of chemical products, a huge industry can be created in Georgia, especially when we are in such a strategic location on the Black Sea. Products on the world market. It also opens a very large arena for Georgian chemical industry products on the world market. Especially if we have a large amount of natural gas, which means more jobs, better wages, and a richer country. That's the decent thing to do, and it should be done by companies, people, government, etc.

Mr. Zaza, the listener is waiting for us and I will add my question as well. Time passes very quickly. Good morning, You are on the air!

Good morning, Ms. Nino. Georgia has so much potential and how they are hiding it. Therefore, it is necessary to get rid of this oligarch in time and this government in order to get a national government that will be directed towards the people and will use this potential in one way or another. Here, about the case of Anaklia, everything is clear already and it would be good for the Georgian people to think about it and understand what kind of life we had, what kind of live we have and what kind of life we can have. That's the main thing. Thank you so much for this show, thank you so much Mr. Zaza and thank you so much Ms. Nino, you personally have made it so clear to me.

Thank you so much for the call. Unfortunately, the signal was interrupted. We will contact Mr. Zaza again and we will definitely bring him back to the air. We have a technical problem. We are waiting for Mr. Zaza to return, before we update you with the updated statistics. 3 confirmed cases were added to the total number of people infected with coronavirus. 738 is now the total number of cases confirmed in Georgia, 16 new people have recovered from the virus. 573 is the total number of recovered patients which is shown on the website - stopcov.ge. Mr. Zaza, can you hear me?

Yes, I can.

Posted by Looed on the 7th June :-

Pt.11

Are you a businessman, Mr. Zaza?

Of course. Therefore, it is very important for businesses to have a good image of the country, a good image of the project, so that shareholders, banks, funds, were interested in working in that country and investing in the country. If the country has a very bad name, a very bad authority, a very bad image abroad, it will lead to the fact that these investment banks, funds, shareholders, various companies will no longer be interested in coming to Georgia. Therefore, we have always been very careful about this issue and we have tried to resolve these issues through negotiations and agreement.

I understand ... now it is always difficult to talk about the past with some speculation - "it would have been better this way or not ". Although it is possible on a separate issue, when you mentioned the issue of license, then would have been better and less damaging, including for business and country, than the situatino and evaluatinos, which are now available and come from strategic partner of Georgia, it is mentioned in the context besides your country, also the case of „Anaklia port”, which is comperatively clear when we talk about interests of West and Russia, and taking the factors into account, When the Anaklia project is delayed today, despite official statements from the government that it supports and is still ready to implement. This is a separate topic and will take us far, time will pass very soon, unfortunately. Another listener is waiting for us. Good morning. You are on the air!

Hello, Ms. Nino. That's the kind of thing I care about. Wherever there is oil, there is a tense relationship - Venezuela, Libya, Syria, Iraq, and everywhere their governmen has been taken down when they confront foreign companies. If Georgia starts to actually process oil, will this product remain for it? Secondly, Ms. Nino, when you want to know the truth, you have to listen to both sides. It will be good if you bring the complainant in this case and we will understand the opinion. Otherwise, everybody considers themselves right.

Thank you so much for the advice. The traditional format of this show is this and I don’t see a problem with talking to an individual, a separate party. However, it is not a problem, of course, to listen to either side, and as for the positions of the corporation, I try to present it more or less, because the positions of the corporation are also open and known and, of course, we will give them airtime if they have a will like Mr. Like Zaza. That would be really interesting. Mr. Zaza, if you could answer that to the listener - in case of extraction, how can the products be processed on the spot and left?

Posted by Looed on the 7th June :-

Pt.10

Mr. Zaza. Zaza Mamulaishvili is our guest today, he represents the company "Frontera". „Radio Tavisufleba”`s “Morning Talks” are on the air, which phone number is 2 988 327. I will continue if you please, again with the activities of the company and I want to say more about the perspective. We know that the agency has announced the termination of the contract with the company "Frontera". What is the status of this issue? How is this issue resolved - has a contract been signed between the company and the state, and how do you see the future? I know that you stay in Georgia and continue to work, but what is the perspective?

The prospect is as follows, e.g. Neither by the decision of the arbitral tribunal nor by the contract, the Oil and Gas Agency and the authorities have any right to terminate the contract unilaterally. To be honest, it is completely incomprehensible what such a public statement of theirs serves when they have neither this right under the contract nor by the decision of the arbitral tribunal. We certainly continue to work. It is incomprehensible to us that even if they are going to expropriate us or are going not to let us go to our institions by force, we will not be able to tell you about it until today. I think it would be very foolish behavior to hurt the image of the country in the future, so I hope they don't do that, but I want to emphasize once again that neither they have the legal nor the contractual right to terminate the agreement unilaterally.

Mr. Zaza, is was also reported that “Frontera” itself is demanding payment from the state. Can you explain what this is all about? There was talk of 3 billion, if I am not mistaken ...

Yes, that was $ 3.5 billion. When the authorities filed a lawsuit against us in the Stockholm Arbitration Court, we filed a counterclaim where ew listed the damages we were seeking to compensate because they were systematically obstructed, systematically violated and did not provide for the terms of the contract, because they were unable to allow us to drill and increase oil and gas production. And because they didn't give us all that, they did a lot of damage to the company and the country.

Why didn't you ask for it in time?

We did not ask for it because we were trying to get it through negotiations and consensus

And, if it hasn't worked for years, why not intervene in court or arbitration?

Because court and arbitration are very bad for the country. It's very important...

Posted by Looed on the 7th June :-

Pt.9
So, there are 2 categories of countries. Countries that use this great good for the benefit of their country, and this is the case, for example, with Norway, USA. There are countries that, on the contrary, use this resource to enrich a few people and the rest of the country lives in poverty. Probably the best example of this is Venezuela, which is the world's richest (richer than Russia and Saudi Arabia) in oil and gas resources but the population is searching for food in the trash and sugar is not for sale in the country and that`s because they have corrupted government in which only a few people want to get rich. So that, thank you very much for this question, it depends on the country, the state, the approach and the philosophy that exists in the country. By the way, the Americans have such a very important law, the "Act on the Prohibition of Corruption Abroad", i.e. American companies can’t even pay a bribe and don’t have the right here for their employee to pay a bribe because the management will be arrested in America. Therefore, the United States is in favor of a very open, clean and transparent business, and this good that we will gain, of course, in the case of its rational operation and distribution, this great good will be given to the population of Georgia. For example, I would like to tell you one thing that is very important now - as a result of our 560 million investment, when independent American certification companies confirmed this stock of gas and oil, it means that people who own land, say in Kakheti, Sagarejo or Dedoplistskaro district, and that if the state would give them the right to mining, i.e. If a person has 2 hectares of land and there is this wealth in this land, the price of this land will already increase and these people will be enriched by it. That's how Texas got rich, that's how Louisiana got rich in the United States, that's how the whole of America got rich, that they had their land and the resources in the the land belonged to them. For instance, even now, if the government makes the changes and grants the rights to the resources to the landowners, they will be richer even now, because we have already proved that there is oil and gas in the lands and the rational use of it will be spread to the whole country and population. So, if we act clever, as the country, this wellness will touch every citizen.

Posted by Looed on the 7th June :-

Pt.7
It is clear. I would like to talk briefly about the decision of the arbitral tribunal, the publicity of which you do not support, and the publicity of which is demanded by the state of Georgia, the other plaintiff. What is the reason?

We support the disclosure. However, we have repeatedly offered the Georgian side, the State Oil and Gas Corporation and the Oil and Gas Agency to make a joint statement on the arbitral decision, as the decision is very clear and leaves no room for speculation. Therefore, I wanted to jointly disclose the arbitral decision, but I have been refused several times. As for the publication of a 152-page document, it is difficult to do so, as this document contains a large part of commercial confidential information, a lot of technical confidential information and personal information of various individuals, so we need to legally clear all this in order to be able to make the remaining document public. It will take time, so we have repeatedly appealed to the Oil and Gas Corporation and the Ministry of Economy to make a joint statement to let the public know that there is no room for speculation and to jointly announce the outcome of the arbitration, which we have been unfortunately refused several times.

As for the part of the decision announced by the corporation, what would you say about it? You say that you didn't even argue about some part, and that wasn't a matter of controversy at all. Specifically, it concerned the return of land to the state.

Ms. Nino, I think this statement, which was made, is quite irresponsible, the Oil and Gas Corporation and then other officials said that "we won" - this was the statement, "Unfortunately we all lost, Oil and Gas Corporation lost, The government lost, the company lost, Georgia lost." And, that's because there's no such thing as winning. Georgia has appeared completely different in the world as a country that is quite aggressive towards the 23-year-old, the largest American investor in Georgia. After investing so much, and, by the way, we’re not the only ones with such problems, so there’s no winning side here. Everybody was hurt, we all lost. But in essence, what is in this conclusion is that the government demanded that the company, as if we had violated the terms of the contract, must pay more than 320 million in fines, and this, of course, was unfounded and the arbitral tribunal did not grant this request. The government also demanded that we cancel the contract because it was as if we were violating the terms of the contract. This was also not upheld by the arbitral tribunal. These were the basic requirements around which this dispute arose. And what was approved for them was that we had to pay the Oil and Gas Corporation in advance for approx. $ 200,000, which we have been doing for 23 years, and we do not deny that we would pay this advance.

Posted by Looed on the 7th June :-

Pt.6
How was the refusal of the license explained? On the first, on the second, etc?

It was a long bureaucratic refusal, completely unfounded and unsubstantiated. But this bureaucratic machine refused us. No matter with what kind of technical or commercial justification we addressed them, it was "no." And we could not overcome this "no" until communication from Washington with the Prime Minister took place. Only then did the case start from this zero point. And, finally, Ms. Nino, it turned out that for the first time in the history of Georgia, the natural gas extracted in Georgia was supplied to many customers in Georgia through distribution networks across different parts of the country. Such a thing has never happened before, and this has once again confirmed the possibility that Georgia has enormous potential for natural gas extraction, exploitation, distribution and use in various fields.

Did it affect the tariff at that time? Just to make it clear to the listener why they should be interested.

interested is that, first of all, Georgia has its own resources for natural gas, which will definitely achieve energy independence, because the potential is huge. It has a completely different position economically and politically in the region, you know, now Azerbaijan has a huge political influence on Georgia because it supplies natural gas to Georgia. Russia also has a huge political influence, supplying 10-20% of Georgia`s natural gas consumption annually. And, you can imagine, if there is no need for that and Georgia has its own resources, one is that it will be energy independent, the other is that it will be richer and stronger economically. So, in the long run, of course, it is in the interest of each of us that Georgia has its resources. In addition, as mentioned above, due to the fact that more than half of this extracted natural gas is given completely free of charge to the government, the state can decide to provide customers with high tariffs, low tariffs, differentiate social layers with differentiated tariffs, so that it will be more flexible in its financial, economic and social direction.

Posted by Looed on the 7th June :-

Pt.5

Historically, the best mining place in Georgia per 1 well was the Samgori mine, which was discovered in 1974 and the miners could extract about. 1000-1200 tons per day. Since then, no mineshaft was able to extract such amount of resouce. In our case, the maximum rate of extraction that we had was 950 barrels, approx 150 tons, and also 30.000 cubic meters was tankle gas, well that was an excellent result. Historically the biggest oil extraction in Georgia, in 24hrs was 4-4.5 million tons of oil, as for natural gas extraction there had been none before. Now as for the value of the mineshafts, the mineshaft`s cost nowadays, if you want to drill in 3500-4000 meters, is about 5-6 million dollars. The cost is influenced by advanced technology, which means that 1 mineshaft will be drilled in about 2-3 months. For instance, 25, 30, 35 years ago when state company was drilling the mineshaft, it was way too expensive, because the drilling duration lasted for 1.5-2 years. Therefore, the technologies adnvanced and now you can drill 4000 meter deep mineshaft for about 5-6 million and with those debits where 1000-1500 barrels are very useful for the countries.

Mr. Zaza, let's go back to what we were discussing and thus my question will be the folling. You mentioned that the relationshio was complicated with the corporation since 2013. What was the content of this complication? Because if we follow all the statements and answers, we will not have time and just to summarize what was the content of this complication according to your information? What can you share with us?

The main reason for this complication was that we were able to drill very successfully and then test the gas mineshafts and as soon as we informed the Oil and Gas Corporation, the Ministry of Energy, we were expecting them to be very happy with this news, although this did not happen. And it was then that the real complications began, that after this successful test, when we decided to connect one of the gas fields to the main pipeline, the state did not give it to us, even though it belonged to us by law and contract, they did not give us the permission of construction of the pipeline. After long communication, it still was not given to us until the members of Congress intervened and communicated with the State, the Ministry, and the Prime Minister, and only then they gave us the right to build the pipeline.

Which year was that, Mr. Zaza?

It was 2014. Before that we were trying to rach an agreement through the negotiation but all was in vain. And, in 2014, we completed the construction of a 16-kilometer gas pipeline, and after that, we were no longer allowed to carry our own gas to our own gas pipeline. This license was not given to us. They did not give us the license until the communication from Washington, and until congress members contacted the Prime Minister.

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