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'spud' news imminent

  1. dickie3times
    490 Posts.
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    14/06/11
    22:52
    Post #: 8538145
    STANDBY-
    This was released by Range Today:

    Georgia: Poised to spud
    Range is poised to spud its first well in the quasi-frontier zone of the Republic of
    Georgia. The Mukhiani-1 well will be the first of an initial two-well programme and will
    target a prospect with oil initially in place of 115m barrels. Based on an RPS report, the
    Georgia project has a recoverable reserve potential of 615m barrels gross. Range has a
    40% working interest.
    RRS Price at posting: 25.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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