Georgian Overview
- Strong strategic relationship with excellent local partner with own infrastructure to reduce operating costs
- Focus on low cost recompletion and stimulation of existing, shallow, oil producing wells
- Multi – zone potential for conventional oil reservoirs
- Significant scalability of under-exploited resource by applying modern drilling & fracking technologies
- Option to farm-in on exploration assets
- Minimal government bureacracy, favorable fiscal terms and ability to sell light oil at Brent prices
- Government declared intention to maintain goal of EU and NATO memberships
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