more on raytec, page-5

Well written post leecol.
The estimate for the blocks including the other two co's blocks was 6 billion barrels. Not as big as Puntland but a lot bigger than anything that AOI has outside of Puntland. AOI are not part of this. (Just a reference). The other good thing is that there is an immidiate need for increased gas supply in the second biggest city in Georgia. Strait and Range can supply pretty quick if you read the links I supplied earlier. That may supply some early income. In my opinion this is a great strategic move. There is also a lot more evidence that Puntland will happen. Raytec would not raise any capital if Puntland was not going to happen. Kenya ain't big enough. And by the way there is more trouble in Ogaden than you can think about. Puntland is the key. Georgia is one hell of an addition. I'm a shareholder and I'm not complaining.