Forget what the GoG are saying, for affirmation, just look at the action on the ground over the past 12 months: Exxon, Repsol, TOTAL, Schlumberger and an unknown Chinese Conglomerate. Forgive me for not adding Block to that list but they are doing their bit to drive forward the Georgia-Oil Agenda. As far as FRR is concerned, well, we now know that Baker Hughes and BP are waiting to do a tie-up [MoU & NDA signed], which could potentially propel us to the top of the league in Georgia.
Conversely, you could argue that nothing has happened in Georgia; no big discovery, no big oil, no big production - which is also true. But what do you see when you look forward to the horizon? Positive or static? Glass half full or half empty. A house on the prairie or a house in Middleborough? Who knows.