That's the Trouble its POTENTIAL and "AIM" POTENTIAL doesn't come off very often !! lol
Anyway im preaching to the converted so will stop
As he says at the end of the RNS ; "These resources hold great value not only from Georgia's domestic consumption market, but also more broadly from nearby European consumption markets.
If we look at the 2 main fields their INTERNAL GUESS is 20Tcf of gas in place - That equates to 3.565B barrels of oil equivalent !!! OK lets say 30% recoverable that's just over 1 Billion Barrels potentially. I know on XEL Rupert Cole the CEO is expecting at least 10$ per barrel for their oil so lets apply that and we get about $10B value or £666M odd !! Or about 21 times where we are now !!!! I love these totally inaccurate extrapolations but it does make you think
Bao, just getting so frustrated with FRR, are the BoD's sticking 2 fingers up at shareholders because of the lack of interest in the first round of voting to change the articles /quorum !! lol Just to reinvigorate my passion I went back and re read the last ops report in Decmber, gets me fired up again and thinking about adding !! They have always tested the shareholders patience
Agree ST, especially some of the "long term" holds which weren't meant to be "long Term" !!! lol
ST - Well done on those 2, Im not in but hope they keep going
FRR is so frustrating, feel like selling the lot but will regret it if I did
It is BAO, its good on the one hand but I am a little nervous they are going to come back now and say they couldn't unblock the hole and now need to drill again and hence why they needed this extra capital? I am probably wrong though
Will have a look tomorrow, must go, cheers all have a good evening and see you tomorrow