wayno77, they are talking of 100p on iii

iii buzzing with excitement of possible sp of 40p - 100p on a Georgian strike. I tend to side in with close to 70p-100p, but it would have to be over 1bb's...?

If you have not read this before, or just gave it a cursory glance...?
{ Background on Georgia
Since the Rose Revolution, Georgia has focused on developing its political and economic systems to Western European standards. Following the unrest with Russia in 2008 Georgia has returned to a state of civil order. The European Union has acted as an advisor, establishing a base and opening a branch of the European Bank for Reconstruction and Development in the capital Tbilisi. Some key background points include:

Georgia was named the year's number one reformer in the World Bank's 2007 "Doing Business Survey," improving its overall ranking from 112 to 37.
Significant decrease in corruption in the public and private sectors made Georgia the World Bank's top anticorruption performer in 2006 "Anticorruption in Transition-3" (ACT3) report.
Repatriation of profit. Foreign investor?s rights and guarantees are equal to those granted to Georgians. Profit and property repatriation is allowed.
Infrastructure: Located at the crossroads of Europe and Central Asia, Georgia?s three major oil and gas pipelines, Black Sea ports, well-developed railway systems, together with its airports are playing an increasingly important role, linking East & West. The Georgian Railway, one of the crucial links in Eurasian transit, serves as a short-cut between Europe and Central Asia, carrying 3.9 million passengers and 22.6 million tons of cargo in 2006. Georgian Railway now directly links to the railway systems of Armenia, Azerbaijan and Russia.
Oil and Gas Pipelines: Georgia plays an important role as a strategic crossroad for hydrocarbon transit in the Caspian region. During the last ten years, approximately $5 billion has been invested to develop the three major oil and gas pipelines that cross Georgia including:
The Baku-Tbilisi-Ceyhan (BTC) pipeline, completed in 2005 at a total construction cost of nearly US$4 billion, can transport up to a million barrels of oil a day from the Sangachal terminal in Azerbaijan to a newly constructed marine terminal in Ceyhan on the Turkish Mediterranean coast.
The South Caucasus gas Pipeline (SCP), completed in 2006, will carry natural gas from the Shah Deniz field in the Caspian Sea to customers in Georgia, Turkey and Azerbaijan.
Construction of two new pipelines across Georgia increases its role as a strategic crossroad for hydrocarbon transit in the Caspian region. One pipeline will run just south of the Blocks.
Oil seeps are widespread in Georgia, with exploration in the country have commenced during the 19th century, by exploitation of the surface seeps and shallow drilling beneath them. The first substantive discovery, the Supsa Field near the Black Sea, was made in 1889 and still produces small amounts of oil today.

Georgia is a reasonably well established hydrocarbon producing province with a number of discoveries and seeps along the Greater Caucasus and Achara-Trialet frontal folds, which are present along the northern and southern margins of the two license, where there are numerous oil and gas seeps. }

http://www.rangeresources.com.au/operations/georgia/