George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Just found it and wondered if it was anything of ours wasnt sure but super sleuths will get to bottom of im sure probably not our block
ours is and will always be under the control of CIA to hide their activity
Is it our block they are offering up to an investor
Just saw it on a telegram thread im on
not sure what it means it might as well have been in georgian
Https://m.facebook.com/story.php?story_fbid=pfbid02zyiLhqcawbY5SMEraa8H3FXJvGjK28EetPsbR1b7YcMtCrsxsJGUfXGiGoc51HXwl&id=10006943170105
Translation:
The volume of oil and gas extracted in Georgia is increasing. According to the head of the State Oil and Gas Agency, this year oil production has increased by 200%, and gas production has increased by 140%. The agency hopes that the last recorded indicators of the year will reach the 40,000 ton mark in the case of oil, and 15-18 million m3 in the case of gas.
As Giorgi Tatishvili told BMG, the increase in the volumes of extracted oil and gas was made possible by the intensity of work by the British oil extraction company Block Energy and the use of new technologies in the search/extraction process.
The Oil and Gas Agency believes that the country has much more oil and gas resources, therefore emphasis is placed on utilizing the potential that the country has not only in the eastern but also in the western part. According to Giorgi Tatishvili, the drilling of a well will start in Samegrelo, in particular in the Chaladidi area, by the end of the year. "West Gulf Petroleum" company will carry out oil and gas extraction works.
By the end of the year at the latest, the drilling of the first deep well, which will be somewhere up to 4,000 meters, will begin on the area of Chaladid, in Samegrelo.
"West Gulf Petroleum" is simultaneously conducting seismic works. Data has already been recorded up to about 200 latitudinal kilometers. We have a rather optimistic picture that as soon as this one deep well is finished, the second well will be dug as well", Giorgi Tatishvili says.
The Oil and Gas Agency is going to introduce an investor to one of the license blocks located in Kakheti, where there are both oil and gas resources.
"We have a free license block in the direction of Kakheti, where we are thinking of reprocessing the materials in this area to offer to investors. A large acreage block in an interesting location, a well has historically been drilled with both oil and gas discoveries. We will try in this direction as well and we will try to bring in a strong technological company that will develop this direction as well", Tatishvili said.
If we have billions of pounds worth of oil and gas sn can pay it and we ll give him his cash back when we get the bp deal
Does make me laugh when you see statements like people will be locked out any time soon. I presume you mean when a rns drops it’s going to be a suspension !
Otherwise no one will locked out and can get in anytime and hopefully make a profit if this is as good as we hope
Check in that meant to say
Maybe need to ask people to check just to make sure we haven’t lost anybody…or we ll have to go back and look for them
Ill be taking what the company says with a pinch of salt. Theyve done so much ducking and diving for five years It beggars belief. Well its finally caught up with them. Shareholders no absolutely nothing about deals reached to this point, and, should we have had them put to us to vote on. Sorry, I forgot its steves company.
Well im guessing the 100m investment that was going to appear has completely disappeared as who would invest that kind of money in the region at the moment
Profit jock . how is jv news highly likely next week ?
its been well over a year since it was mentioned.
if its coming next week why the rns this morning ?
unless of course theres no money element to it
strikes me the jv news is still way off if ever
more than happy to be wrong though
Had to laugh , 5 years and nothing changes with maddyp
No one’s getting charged for forward selling shares
Frontera aren’t the only ones in this world that try by hook or by crook to not repay debts
Madp frr entered into the agreement with YA. knowing full well what would happen. They also new what was owed to hope