Ukraine Donbass Coal Basin

Bulgaria Carpathian Balkan Basin

Georgian Basin

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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