Member Info for rlightor

Here's a useful bit of reading for anybody wishing to understand the process of a farmout and things to consider.

https://oilandgaslawdigest.com/primers-insights/farmout-agreements-part-two/

My gut is telling me we will see more promotional items like this as the farm out and other project updates begin to firm up. However I do think there will be a lot hanging on elections in October.

Nice find Lifeshard. I don’t have access and won’t ask you to break any rules but anything in there we don’t already know or is PH simply promoting the business and our projects?

Sorry Bitsa but I can’t agree with you on that. Just read what’s going on in both Georgia and the projects we own. It’s easy to give throw away comments but garbage most see through. Good luck all those invested.

My paint has dried and now I've resorted to watching the shed warp, but I'm still very positive. Our time is coming and this will be great for those invested, I'm confident. Right place at the right time from all different angles.

Good luck all invested..

Hep you could be right, either way, the impression I get is that it is imminent, but it would be fair to say the process will be drawn out, with such an asset and those with skin in it such as the Georgian Gvmt. All good in my view.

My take on this is as per PH’s interview, post summer break key stakeholders should be available. I’m expecting either negotiations coming to fruition or ink on paper. Either way news will be forthcoming and blue touch paper lit.

Good luck all those invested.

Also meant to add, CCS looks like it’s moving forward quickly. We should expect a pilot this year is what I take from this.

Oh , also ,,, did he not mention money is not an issue. Oh joy! Nice place to be in my book 👍

Good luck all investors.

Confidence very apparent in that interview, probably the best body language I’ve seen from PH in some time.

I get the impression from the response to questions on project 3, there are players/potential sponsors not available to move things on at this stage due to summer period. All very positive in my view.

Good luck to all invested.

Excellent find Bobby. Now if I recal we’ve just agreed a pilot with Rustavi Azot to look at carbon capture if I’m not mistaken. Ducks lining up comes to mind 👍

An interesting read.

https://www.bbc.co.uk/news/articles/clmydee2grno

I agree Hep, the warrants are the selling point to the loaners. As is said previously ,in today’s market, tying your money in for 12 months at 16% is not a great deal so some cream on top. I can live with that. Good luck all, all to play for.

A solid RNS in my view. I know where I’d want my money and it would not be tied up in a 16% loan. I’d want some cream. My safe pension investments have made 28% this year. I’m just getting a little inpatient but that’s my problem. All good things come to he who waits. Great news on volumes and future drilling opportunities 👍Good luck to all real investors.

If we keep hold of these assets and I see no reason why we shouldn’t, then value will out. It can’t stay at this price and when it goes I’m confident the re rate will be worth a ticket to be part of. Good luck all investors.

RPG I imagine you’re right there. Makes you feel better getting it off your chest though. I haven’t got much else todo today sat on beach. Beat up our residents AI seems like a reasonable pass time 🤣👍

Geo, I guess you’re not taking any of the recent news into your rather biased view. Please read the last few RNSs then come back to the board with something that takes the real details into account rather than your spin.

Good luck to those invested.

Gary, don’t feel bad about it. I have spent many years listening to people and I have learnt from that . Life is just too short to listen and spend time responding to idiots.

Don’t waste your time , save your breath. You just don’t know how many you have left. Certainly don’t spend it on fools.

Rpg,

I believe some of them actually believe the stuff they are writing. I can forgive them for that, we all entitled to our own opinion, I suspect most can't read anyway (RNSs that is).

As for the others with their agendas, they are sole less characters with no moral compass, maybe they should consider making an honest $, it's very fulfilling.

Good luck to all invested.

Hepseal, I'm with you on that, only in my view, with the company valued as it is, it will be a quantum leap not a mini one.

If another company agrees to partner with us in this major gas project , agreeing to invest the significant $s required to pilot it , that is the biggest tick we need and it will take off. The same goes for the Carbon Capture project but also we already have an agreement/MOU to investigate the opportunity with a major chemical company, that is a great start.

Unless of course PH is bluffing and none of this is real as some on this board would like us to believe. I'm confident he isn't and the evidence is there, the CC project has already has been recognised by experts in this area and announced in the press as possibly the largest in Europe, our Gas announced by the Gvmt as a strategic resource. With this in mind you probably would agree there's only so much wool can be pulled over people eyes and actually we are on our way to firming up two great projects.

I can wait as long as it needs, in my view, the value will out well before any gas starts coming out or carbon going into the ground.

Good luck all investors.

Keep the faith Rock. It all comes to he who waits.

Good luck to all investors.