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Frontera have estimated that the initial 10 year exploitation of Taribani (oil only), will generate a total revenue of $9billion from the 250 wells. It's now proving itself to be a bonifide investment opportunity, and momentum will grow.
John what your missing is that until now there was not the infrustructure or political support in place to fully deliver the potential to market. The USAID has supported Georgia with millions to modernise the internal gas infrustructure. The US now have the strategic lead on the deep sea port, Southern Gas pipeline is commissioned and so is the BTK railway. Now is the time to realise these assets, and the US are providing the means and security for Georgia. Frontera have the US Congress and Atlantic Council behind them. Why do you think this is the case. I don't know of any other AIM stock that has such access to the US movers and shakers.
Really confident RNS. ii investor putting £3m in shows that confidence is growing in Frontera. Permits being supported by the government, suggests support and legal compliance by the company. So is the suggested arbitration merely a negotiation tactic for GOGC, so they get a fair cut from this mega basin. There is no wild cat drilling here. We know that the oil is down there, and that we see good commercial returns on each well. 100% success in the current campaign and long may it continue. We will soon be knocking on 1,000 bbls a day, on these extended test wells. Remembering that this is all about proving up the biggest part of a 100m bbls. Still the gas to come, and I'm hoping that's when the big boys show their hand. Exxonmobile or a consortium to bring lots of $$$$$$$$$$$$$$ to the party
https://civil.ge/archives/242341 Economy minister in US. Looks like the Georgian delegation have had a string of successful and encouraging meetings. Wonder if the key message from Congress, is stop dithering with getting behind FRR.
Thank you. It has sparked my interest for sure.
I do believe st the latest share holder meeting, when Zaza was asked about the arbitration. His response was that he believed it was a negotiation tactic, because they (GOGC) know Frontera is about to take off. Zaza is confident, and the comment at least suggests Frontera is expecting a negotiation or is already in the middle of one.
I'm not over familiar with this company, but from first look it seems they have a 40% interest in the Oman roaster which is aiming to produce somewhere near $200,000,000 yearly revenue. Current MCAP of £39m, and roaster due to be commissioned next month, and financing in place. Not sure why the SP dipped at the start of the year, but the upside here looks very promising.
Zaza is still delivering on his plan. We are getting nearer to a key milestone of 1,000 bbls. Which has the potential to realise about $21,900,000 yearly revenue. With wells paid off within 8-10 months, it's a great start. Still the gas, another oil well and the annual general meeting to come. Wonder if this year it might well include a vote to sell of Frontera Eastern Georgia Limited or JV to exploit the full capacity of Taribani. We can hope! But Frontera recent tweets, and Zaza comments at the last meeting would suggest he's thinking this way. Still successfully adding value.
Like the Frontera journey, the below post is a old but interesting. http://gov.ge/print.php?gg=1&sec_id=270&info_id=36328&lang_id=ENG Meet the old and now NEW Prime Minister.
Steve Nicandros was in Moldova at the beginning of the week with the Atlantic Council delegation, then straight to Georgia to meet the PM of Georgia discussing Euro-Atlantic future with 'good friends'.
Caza fits the bill... http://www.naturalgaseurope.com/oil-gas-discoveries-drop-20-year-low-22172
Excellent.. I agree completely with your comment about how the BOD have managed risk here, they certainly seem to have the finger on the pulse. When the time is right, I can genuinely see this company providing a good return as oil prices recover.
Fund managers buying up Caza. Hedged prices through 2015, low debt and great assests. https://uk.news.yahoo.com/fund-managers-bet-battered-small-oil-stocks-123338754--finance.html
There was as many buys today as there was sells... Does this not suggest not everyone is flustered, and those with a med-long term view will enjoy this bargain SP for a company with so much news in the pipeline.?
Another big buy...
Positive: US Oil and Gas industry seems to be a safer bet.... as OPEC seems paralysed at the moment.
Could MM be filling a buy order as there are a few happy to take these sells at current bid price?
Great production figures and more to come in next quarter. Saudi also ready to cut production...?
I'm thinking an RNS tomorrow may show mega results... and this SP should be double?