RRS range resources limited

update this week ....?

  1. 490 Posts.
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    Progress report this week re-Georgia...imo. PL will be keen to do his 'bit'for investors and he is fully aware of pi's concerns if news is slow in coming? Trinidad is my 'trump play' for RRS and TT for me is very exciting!
    However, Georgia may surprise us all. We are overdue for an update but this does not surprise me as the bore hole is increased and casings/cementing can cause initial delays.
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    Georgia oil production.
    Long Regional History
    http://www.geoexpro.net/article/Georgia_Oil_in_the_SubThrust_Zone/f58f02e8.aspx

    Hydrocarbons have been recognised in the region for centuries ? in fact Marco Polo noted in the 14th century that oil was being collected from oil seeps in Georgia and used for heating and lighting. In 1846, more than a decade before the Americans made their famous Spindletop oil discovery in Pennsylvania, Azerbaijan drilled the first oil well in the Caspian region in Bibi-Heybat. By the beginning of the 20th Century, Azerbaijan was producing more than half of the world's supply of oil.

    In 1865 alone, more than 100 shallow (i.e. <100m deep) wells were drilled in eastern Georgia, and by 1869 some 15.7 Mbo had been produced from this area. Three further fields were discovered in Georgia before World War II, but exploration thereafter was sporadic, resulting in a total of only 18 oil and gas discoveries to date, of which the Samgori-Patardzeuli and the Ninotsminda fields are the best known.
 
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