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 !
FRRoooming marvellous ! Looks as though 1.3 could be broken
Morning chaps, yes looking good for WRN holders, wish I still had mine lol
lol Thought you might like it, would be nice to break 2p this week
Thanks ST will keep an eye on it, as I said I have had a VERY small flutter but will watch the price
BAO missing the action come on FRRup we go