BAO - Re FRR - I don't want to be accused of ramping but FRR could/should be MASSIVE providing Putin doesn't decide to reposes the old soviet block countries SKIMMING and I highlight SKIMMING through the last few RNS's they say that the Mtsare Khevi Gas block internal estimates give 11 tcf in place and about 9 Tcf recoverable. 9 Tcf recoverable is the equivalent (I THINK SO PLEASE CHECK) of 1.6 Billion Barrels of Oil equivalent !!!! Then lets add the Terabani Gas field to the numbers where they estimate internally that it has 9Tcf of gas in place, so applying the same recovery factor of Mtsare which was 80% then that gives another 7 Tcf of gas or 1.2 Billion Barrels of Oil equivalent !!!! --- So between the two fields IF and I repeat IF my conversions are correct and everything is as they have conveyed it in their RNS we have potentially a total of about 2.8 Billion Barrels of Oil RECOVERABLE !! Ok so lets say we get a poultry $4 per barrel equivalent if we are taken over ( I don't know if there are any thoughts of a takeover but this is just a theoretical discussion) that's $11.2 BILLLION or at 1.6 to the GBP that's £7Billion or £2 per share !!! Or in my coffers £6M !!!!!!!! This is fantasy land calculations I know and Putin will probably invade and mess the whole thing up but it does make the mind boggle and I don't feel like selling any until it pans out but will probably chicken out at some stage !
Latest from the Community...
For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
Latest from the Community...
Latest from the Community...