RRS range resources limited

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  1. 490 Posts.
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    Some pi's on iii, are concerned that Georgia may throw up more gas than oil! SO WHAT? There is proved oil potential, but an abundance of gas will be sold off locally...and gas prices are set to continue to rise for the foreseeable future.
    GAS in Georgia is in demand, and there is a ready made market in Kutaisi. Plus the pipeline infrastructure is in place!
    http://www.rangeresources.com.au/operations/georgia/

    {Seismic data has been processed and interpreted with the aim of identifying drill targets by late Q2 2010 / early Q3 2010 with drilling due to commence a minimum two well drilling program
    In addition to the oil potential of the Blocks there are numerous prospective gas fields, which include highly prospective natural gas and coal bed methane targets. Of the 161 wells drilled for gas, 22 displayed potentially commercial flow rates. Early production could be attained by supplying the local city of Kutaisi (second biggest in Georgia) with a dedicated natural gas supply.
 
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