What I like about FRR is between the 2 gas complexs they have (Taribani Field Complex and Mtsare Khevi Gas Complex the company estimates there is about 20 Tcf of gas in place which (someone please verify) I calculate is about equivalent to 3.5Bbls of Oil !!!! Lets say we can recover 50% of that that 1.75Bbls oil !!!! If the CPR confirms this which is due out anytime soon then I really cant see us being independent or Farming out a big chunk of it pretty quickly. That's why its a longterm hold for me
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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