There are 2 major kitchens where oil and gas have been generated in Maikop source rocks. TOC of Maykop ranges from 0.2 to 11 % Type II kerogen with abundant terrestrial OM to the south and north. At present Maikop is in early oil generation to late gas generation
Guess where those 2 kitchens are???
B12 is one and where Schlumberger is the other, ....
Tbf I'm more interested in ours as it runs right through the block down towards Azerbaijan. Who was our friend on here that pointed us to the pock marks as being a clue to the source and direction of the flow of resources and he stated that the kitchen was around B12...this slide pretty much confirms it.
A lot of work completed in the noughties by several companies all showing real prospects whilst the incumbent energy ministry and BP may I add said Georgia had no significant resources.....
Caveat BP were u til the latest EU reforms gagged by SOCAR.
I'm of the mind that these 15 million sells are vendor shares. If it is correct that we have to use GOGC recommended service providers, then it may lead to some form of insider trading if they have held them for so long awaiting a deal as all parties from FRR to the SPs to the GG will all be working together as our side of the partnership and their could be calls of collusion or corruption from outside malignants who will try and derail any deal.
Kickmuck alluded to this in his last post with the pre agreed deal for a party to dispose and asking for our patience whilst this deal takes place. Calling us reverent in the process.
We knew last year that the Service providers were selling as their combined percentage was posted on the website at around 5.6% iirc.
Once below the threshold then the figure disappeared but not necessarily were all the shares sold.
It might have been a request from the company to them to stop converting until all the YA 1.3 billion were as both at the same time could have led to such a low SP that we couldn't get away the PB deals at such a decent price.
Thing is, when a finance company with tens or hundreds of millions of shares conspires with other high profile social media priicks then it becomes very easy...Until you are caught bang to rights.....