RE: Non-productive assets7 Oct 2016 11:41
If you look at the cumulative losses they are all non productive. Non producing, Georgia - Nope , Tajikistan - huge potential (if you have money, if you don't have any net income then clearly the original farm out to Total/CNPC was badly structured).
Kazakh assets, its all about gas/oil price, so far there has been no serious moves to get export pricing for oil (I guess no money), gas price, it's obscure, there's only one buyer, so why pay a marketing agent? (murky/obscure).
Assets have potential, it remains to be seen if management have.