Lol your all mental23 Sep 2017 00:05
Haven't seen him post for a while. Buy Block 12 Gas ChampionWonderhorse. It's amazing what a change in CEO can do for a company. As a LTH here, I was very frustrated with the lack of detailed and up to date comms from the company regarding its operations over the last several years, while I watched the SP get decimated. There was always promise, but never a delivery on that while SN was in charge. Since ZM has come to the fore, openness, comms and enthusiasm about getting the SP up with detailed, regular updates has been the theme of his tenure. The fact that the directors also have a large equity stake in the company now certainly helps this process, but I suspect the Georgian government and certain directors e.g. Stephen Hope were keen for SN to step down and for the 'local lad' ZM (our very own Georgian Robert De Niro lookalike!) to take up the reins given the difficult relationship SN had developed over time. SN just wasn't a 'people person', whilst Zaza (have not had the pleasure of meeting him as yet, however) seems down-to-earth and motivated for the company to try and finally realise its enormous potential, after all these years of RNSs with statements like 'workovers, progressing, preparation for testing, work continues to progress etc etc' - most LTHs will be familiar with these phrases. The other reason I'm pretty confident about our Ud-2 results (ZM saying 90% COS) is that I believe the company already know what's there, but were prevented from commercialising it because of the MOE's previous obstructive stance. This was an RNS from Dec 2015: "Within the South Kakheti Gas Complex, operations continue associated within the western area of the Complex (formerly referred to as the Mtsare Khevi area) where work is ongoing to continue to explore, test and add new gas production from reservoirs situated between 300 meters and 5,000 meters in depth. Of note are ongoing re-entry operations at the Udabno #2 well where re-entry operations are currently at a depth of approximately 3,300 meters with discovered bottom hole pressure estimated to be approximately 8,700 psi. This well is designed to test an extensive gas-bearing interval of approximately 2,000 meters. Frontera's internal reservoir engineering models estimate production capability in the range of 10 million - 20 million cubic feet per day of gas once it is completed". Then in April 2016, the company report: "Operations and advancing technical studies within the western and central areas of the Complex have continued throughout the first quarter of this year where significant natural gas resources have been identified in targeted reservoirs situated between 300 metres and 5,000 metres in depth. In the western area of the Complex, operations at the Udabno#2 well are now continuing in May where high bottom hole pressures and resulting high shut-in surface pressures remain at a depth of approximately 3,300 meters. Frontera plans to undertake a testing pro
Sign In
Follow the stocks
