Member Info for Pecten11

IH, dont you think its hypocritical that your posts are engineered to provoke the antithesis of your name?

Minden its the weekend, markets are closed and clearly marked off-topic. Chill

You expecting a fluffy and well structured rise Zib?

Coggy, there is wind and there is wind , but in thus case think its just hot air

Sonny, your right, but the 2017 figures are lower at 32000 tonnes, of which approx 45% produced from contractors I.e. the likes of FRR
http://www.gogc.ge/en/statistika

Did Zaza say on pyro's recording that they had to improve/increase the capacity of the seperator at Taribani?

If so, maybe the jump from September to October would be explained by this new kit being installed, allowing greater flow from t39?
Then maybe that's why the three flow rates from t39 in the RNS, but Zaza only quoting the lower figure in the LSE podcast interview - they couldn't run the higher rates until they upgraded the seperator?

Keniro, it can only ever be an estimate anyway, as we don't know how much would be in tank storage at any one time in between being trucked out, but the frequency increase does loosely tie in with when all three wells would have been on stream

Good Q, Whamboy, do any of the others o&g companies in Georgia, including GOGC, produce light crude??
Block I think is around 20bpd but that may be heavy - any ideas all

Kenirogaa, your right, it had been a long day working, while looking in here, but the first one didn't feel right after Claws post, so went looking for different info.

Personally I would agree, it's probably from more than one producer, but what is undoubtedly true, the frequency and size of the auctions is increasing.
So maybe using the 2017 figures as a baseline (which would have included our production of 150-180 bpd), then we could do a calc based on the increase in the last three auctions, when the increased production from 39,45 and Dino2 would start to show to come up with a new bpd estimate?

Then again this link https://sciencing.com/convert-metric-tons-barrels-8220711.html , would suggest 173 barrels per 25 tonnes, so around 7 barrels per tonne
Maybe got the first one arse about face.

Sadly Zib, that would mean over 2000bpd, so even if some had been storage I don't think that's right.

Don't know if the conversion factor I used is right either, but got it from the OPEC figures

Conversion factor from https://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/current/FileZ/cfpage.htm

MadP, our oil would fit the criteria of the Georgian light oil, with an approx density of 0.83 gm per cubic cm

So if it is our oil, the light oil part of those auctions would be (using a conversion factor x0.136 tonnes to barrels)

11th April 2017 for 4,500t = approx 612 barrels
20th September 2017 for 4,500t = approx 612 barrels
13th March 2018 for 4,500t = approx 612 barrels
10th September 2018 for 5,000t = approx 680 barrels
1st October 2018 for 5,000t = approx 680 barrels
22nd October 2018 for 9000t = approx 1224 barrels

With you around, probably my dignity and self-respect :)

Fg, I like having a look in on TECA now and then, the difference is that is just a bb, not the bb of a listed company

Ma5k if the bullying gibe is directed at me, then you reaaly do need to re read the posts.

Challenged, definitely. Bullied, no

1onic, how patronisingly selective, the depth of your thoughts is quite revealing.

I gave you too much credit anyway, it was ma5k who had done the chart

IH very true, but if you look at my history, I try to avoid that, however, if you are invested in a company it is more likely that you will hold more similar views of that company to other actual investors, otherwise you wouldn't have made the individual choice to buy

Troaj, fair enough, that was probably a little to extreme

TA is just opinion as is an individual's analysis of fundamentals

Ma5k, I suggest you read 1onics posts of FRR and try to find the 'gem' you speak of and how few facts he bases his opinions on.
These bb's can indeed be helpful, but when constantly negative opinions are spouted by someone with no financial investment then surely those motives should be questioned.

You and he are capable TA practioners, but too often you try and portray your interpretations of charts as fact.
If that was so, I'm sure you'd be making enough cash that you wouldn't feel the need to post at all