Post by
frankman on Jun 17, 2022 3:06pm
After the raise they will have some extra cash
They will have some for Bulgaria. Expect am Art update on Bulgaria. with work.
Comment by
Iamjaygee on Jun 19, 2022 3:45am
You understand that Bulgaria would need $100 million invested JUST in infastructure before production would be possible. No pipeline, no pump stations, no storage or transfer stations... nothing. It's a worthless project without deeper pockets. Doesn't matter if they find a huge deposit if they can't get it out.
Comment by
frankman on Jun 19, 2022 1:06pm
Not quite true. Bulgaria still receives 10 percent of its natural gas from other than Russia with some infrastructure in place With nat gas prices there 20 U.S per mcf government will be motivated.
Comment by
frankman on Jun 19, 2022 6:24pm
I also think I rememner a gas pipeline connection within 15km
Comment by
Iamjaygee on Jun 19, 2022 8:36pm
I was being extremely generous with the costs. Right now Bulgaria is building a 800km pipeline... cost... $1.3 billion. The sasb fields trillion will use its partners infrastructure. None of that in bulgaria
Comment by
frankman on Jun 20, 2022 8:34am
Were all here for SASB amyway Bulgaria is just bonus gravy down the road. However expect an update.