From the cpr3 Jan 2019 20:35
Since these are fields with established hydrocarbons, there is a 100% Probability of Success in
finding hydrocarbons in the Chokrak, Maikop and Sarmatian in Norio, the Upper, Middle, and
Lower Eocene and Upper Cretaceous in West Rustavi, and the Maikop and Chokrak in Satskhenisi.
The main risk in both of these areas is commercial. The probability of establishing commercial
production of all the Contingent Resources is estimated at 75%. The Probability of Success for
the Prospective Resources in the Maikop at Norio is estimated at 60%.
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Good entry at these price levels.