RE: what have i missed19 Jul 2018 14:48
Mole- 3000ft plus of climbing 20 odd degrees on that cycle must have affected my brain
Given the inherent issues with the old soviet wells and the current appetite for investment in O&G and with the level of focus on Georgia as an energy provider(possible) right now- surely it would make sense for an II or majour to fund a new well.
That way we continue with the Taribani development plan from revenue/ii funding and the pace picks up.
Ive lost count of the number of times ive told my wife - we are going to see our investment in this great company with a phenomenal resource pay off over the last few years. It sadly has always ended up as this currently is.
Negatives- with all the trials, cash and time spent at UD2/MK - we still cant get the gas out the ground. Arbitration request hanging over our heads that we know nothing about. The wait for EWT from Taribani. No glossary on revenue from oil on EWT, No comments from the top man Dustin- where is the golden boy? P*$$ poor SP not reflecting the - working on value creation 24/7 aint delivering
Positives- II funding for next drill, Great drill jobs on Taribani, Good completion works after drilling, ok initial oil flow rates on Taribani, Gas on taribani, Dropping into eldari B on taribani, Ya paid out of revenue, generating revenue
Still too much info open to interpretation. More detail required- after all we the investors are the company
Hats off to Zaza - he said he would transform the company from where it was a year ago. He has done. We all want more so im being hyper critical as we could be better than where we are. We may be- just that we dont know it.
Cut out the costly mistakes and lets really see value creation.