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Texas is oil country. The state I now call home leads the nation in oil production and would be one of the top oil-producing nations if it were its own country. But that doesn’t stop us from exploring other promising oil opportunities further afield. I recently traveled to Albania to check out a drill site of Petromanas Energy, a Calgary-based international oil and gas company focused on exploration and production throughout Europe and Australia. We own the junior stock in our Global Resources Fund (PSPFX) and Emerging Europe Fund (EUROX).
Photo credits: Usfunds
To many, Albania is an unknown country yet it has a rich and interesting history. It declared independence from the Ottoman Empire in 1912, was conquered by Italy in 1939 and occupied by Germany in 1943. Albania allied itself with the USSR until 1960 and then with China until 1978. Democratic development has progressed since the country’s first multiparty elections in 1991. The 2009 general elections resulted in the country’s first coalition government and the 2013 election saw a peaceful transition of power. A parliamentary democracy, the country has steadily been welcoming foreign direct investment (FDI) since it shifted away from communism in the early 90s. The recent FDI into the country comes on the back of the extensive development of its rich petroleum resources.
Third Time’s a Charm
This was my third trip to Albania. I last visited the country in 2004 when we were seed investors in another oil play there, Bankers Petroleum. Today Bankers’ Albanian discovery is the largest onshore oilfield in all of Europe. The company is now close to 40 percent of Albania’s FDI and is reinvesting all cash flow back into the country, about $300 million per year. Bankers has done an amazing job cleaning up the environmental disaster left behind by previous operators of the assets which Bankers is developing. Today the fields are green and sheep roam freely. Old and dirty early rigs have been replaced with new safer, cleaner technology.
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So much has changed since my last visit. The country is more prosperous and more verdant. Capital city Tirana’s infrastructure and roads have improved by a quantum leap in the past 10 years. Every morning I ran in Rinia Park, the large central public park, with Marin Katusa of Casey Research. We were impressed with the hundreds of locals jogging at 7 a.m.
Meeting A Man of Many Colors
On this visit I was honored to meet the Prime Minister of the country since 2013, Edi Rama, who also served as the mayor of Tirana from 2000 to 2011. He is a fascinating leader. Rama is a native of Tirana and, in addition to becoming involved with the first democratic movements in Albania, he is an artist and a former basketball player for the Albanian national team. He is, to a large degree, responsible for the vibrancy I saw in Tirana, his Clean and Green project resulting in nearly 100,000 square meters of green land and parks, and his creative efforts to use art and color helping to curb corruption and revive civic pride and responsibility. You’d enjoy watching him explain this dramatic transformation in his TED talk Take Back Your City with Paint.
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Rama has helped form a stable political environment in Albania, just one reason Petromanas Energy has invested in drill sites here.
Fertile Ground for Oil and Gas
The company’s assets in Albania cover more than 1.1 million gross acres. In the company’s presentation during our visit, management explained why Albania’s landscape is also key. Petromanas is exploring for large, deep, fractured carbonate structures of Eocene-Cretaceous age, similar to those in southern Italy which are the sites of several prolific oil fields.
Located across the country’s Berati thrust belt, you can see the multiple wells in the map below: Papri, Shirag and Molisht. Petromanas is looking for a light oil deposit in these wells. Super major Royal Dutch Shell has invested $200 million to partner in these plays.
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While at Petromanas properties, our group saw a few of these wells, but most notable was the visit to the Molisht-1 well that is currently being drilled. As Keith Schaefer points out in his recent Oil and Gas Investments Bulletin on the Albania trip, the Molisht-1 well has the potential to be an 8,000-10,000 barrels of oil production per day well, an absolute company maker. And according to Petromanas’ presentation, the Molisht-1 well could potentially hit earlier than expected, which would be a positive surprise for the company.
What do the founder of Lionsgate Entertainment and a former NATO Commander have in common?
Petromanas Energy is an example of a company that is currently in a strong area of the market and exhibits robust fundamentals. Its management, research and location are only a few reasons I see great potential for this organization. Escorting us on the research trip were two of the company’s directors, my good friend the legendary Canadian venture capitalist and philanthropist extraordinaire Frank Giustra, and General Wesley Clark, who as the former Supreme Allied Commander Europe, led the charge to stop Serbian forces from committing genocide in Kosovo. I’ve also had the privilege of working alongside these distinguished gentlemen with the International Crisis Group, a non-profit, non-governmental organization committed to preventing and resolving deadly conflict around the world.
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The Path from War to Peace and Prosperity in 20 Years
Albanians and their Balkan neighbors have seen more than their share of conflict. The trigger for World War I was the assassination in Sarajevo of Archduke Ferdinand, heir to the throne of Austria-Hungary, by a Yugoslav nationalist in 1914. The Yugoslav Wars fought from 1991 to 1999 on the territory of former Yugoslavia have been described as Europe’s deadliest conflict since World War II and the first since the Great War to be formally judged genocidal. It is estimated at least 130,000 lost their lives. In the last of these ethnic conflicts, the Kosovo War, a million ethnic Albanians fled or were forcefully driven from Kosovo by Yugoslav troops. Under the command of General Clark, NATO forces bombed Serbian forces to prevent the continued displacement and persecution of the Albanian people.
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Prime Minister Rama told us that he is profoundly grateful to the American people, President Clinton, and NATO for saving the lives of at least 900,000 Albanians and ushering in stability and positioning the region for progress. It was a case study in the successful use of force to bring peace to a region and a consequent drive for prosperity for its people. Our collective investment in this humanitarian success story is paying dividends for a new generation of Albanians.
Photo credits: Usfunds
The country’s transition to a free market economy has been difficult and there are many economic challenges on the road ahead but the government believes in creating a path favorable for business. Companies such as Bankers Petroleum and Petromanas are helping Albania to develop its natural resources, improve its economy and create growth opportunities for investors who see the potential of this resilient country.
Johngpd says
It might take 2 or 3 years for individuals whose lengthy-time period relationship has ended to recover and to place their lives collectively again. If you are already getting comfy with one another, you could have additionally shared some deep personal secrets with each other. If we believe that partners should share in family duties and our associate balks at the thought of vacuuming, we’ve a problem. Most of the profitable people owe their success to the daily inspirations supplied to them by their partners. Relationships are usually the inspiration on which two folks study to reside life together, and they may ultimately lead to marriage. For her Ph.D. thesis, Sarah Varga, a communication researcher now at Baylor University, interviewed individuals in relationships about this dialog. Counsellors are trained to recognise the patterns in a couple’s communication which can be causing problems and to help change those patterns, as well as providing strategies, suggestions and a protected place to explore points.
In case you do need to override the automated setting, as a result of you know the data will change sooner or later, you’ll be able to change it with the Cardinality management. That includes behaviors that bodily harm, intimidate, manipulate, or control a accomplice or in any other case force them to behave in ways they don’t wish to. It simply means that you’ve taken a chance on somebody and when the relationship ends you’ve discovered one thing new about what you don’t need in a associate. And belief extends from the seemingly smallest things, like trusting somebody along with your latamdate emotions or permitting your self to be susceptible round them, as well as with making some massive life choices – like the place to stay and what you need your future family to appear like – that can (hopefully) take you each into consideration and benefit all involved. Insightful analytics: CRM methods provide precious information and insights that will help businesses make informed decisions and improve their total strategy. Reams of paper are now not required because the computer compiles the data almost instantly. You would possibly think you realize which zodiac signal you might be most appropriate with.
I honestly don’t know. I don’t know if it’s without end. You customer relationship value will be improved. The focus of a business on being buyer-centric (in design and implementation of their CRM strategy) will translate into an improved CLV. Increasing effectivity: CRM software program may help a enterprise to develop into extra environment friendly. One or both events can be codependent. If they hit on one of my pals. Stop reading “Conversations with Friends” and take this quiz! So let’s take a look on the ways etiquette adjustments, from dating — on-line or not — by means of divorce. IDK, these photos look so staged. IDK, I’d probably wait to see in the event that they apologize? This course of is known as relationship ladder of buyer loyalty. A few of these functions embody recording numerous buyer interactions over e mail, telephone, social media and other channels. Examples: an worker entity may need a Social Security Number (SSN) attribute, while a proved relationship might have a date attribute. You may additionally use the sync method to assemble many-to-many associations. The success (or failure) of the relationship is commonly based mostly on the expectations of each particular person and the influence others could have on the relationship.
You could also be married to someone you love, but that doesn’t mean you do not have eyes for the new person in your workplace. I was relationship another person, however I dropped them once I met my associate. Someone who beloved it, as a result of then we might run round giving each other huge wet kisses! I shrug. If my date did not like it, they’d inform the stranger to cease, right? You’ll want to inform us the way you two met, what style your relationship is, why you are in love with your partner and how lengthy you think your loins will burn for them. A couple who’re aware of the way to make a relationship work will not hesitate for a second to inform their accomplice if one thing is the matter. My associate staunchly supports me in times of hassle and is a joy to me below better circumstances. I don’t like chaos, however the quiet instances bore me. When two people respect one another and by no means lose sight of reminding one another of how a lot love is between them, this couple can conquer even the worst of instances. Such a relationship can deliver feelings of accomplishment and achievement.
Watsonqnd says
Showing your profile to friends you belief or a courting coach can assist you get readability concerning the message your relationship profile is sending and if there are any facets of your courting profile that may be improved. Trim the beard, get the haircut, put on the brand new outfit. Before anything, ask your self- what do you need to get out of this relationship app? Visualize how you want to really feel when relationship and audio report your self describing it intimately or write it down. Many people come to therapy after they really feel their basic relationship needs are being uncared for or that their efforts are going unnoticed by their present partners or romantic pursuits. If you are feeling uncomfortable or out of place, you aren’t going to come back across effectively. Related: How to interrupt up without going broke. Related: Eleven signs a cheater will cheat once more. This offers you a clearer window into whether or not somebody has the qualities you are on the lookout for, such nearly as good management over their feelings, a long-term perspective, and a willingness to just accept you for who you are (anxiety and all).
Anxious individuals aren’t an anomaly in this case; they attempt to create an image of wanting one thing lengthy-term by displaying universally desired companion qualities resembling being communicative and understanding their partner’s problems. In truth, highly anxious individuals usually attempt even harder to drag their companion closer once they discover them pulling away, making it difficult to experience happy, fulfilling relationships. Attempt to know the particular person you are dating and do not hesitate to spend money. Women are turned off by blatant insecurities and arrogance. Identical to with assembly women in bars, you can’t solely give up after a few failed makes an attempt. For instance, some folks find that chatting on the phone or scheduling a video call earlier than assembly in particular person saves them time because they notice they don’t click on with the opposite individual. Don’t message day by day as a result of then you definitely present that you are too out there. If you are courting somebody who appears uncommitted, inconsistent, or whose company makes you feel unsettled, take a pause to mirror on what is occurring. You feel that if you exit of your way to be along with your partner, the relationship will turn out as good as can be. Leave it to TikTok to hit us with some key relationship advice, a few of which will make you giggle and some that may hit you right in the feels.
Leave us a remark below if you have any dating tips of your own, we’d love to listen to from you! “My partner calls me clingy when all I am making an attempt to do is be sure that he doesn’t depart me. This probably doesn’t come as a giant shocker. A easy, but key piece of wisdom: why are you obsessing over somebody who doesn’t feel the identical? Calmly specific how and why sure behavior is inflicting tension. Calmly categorical how and why their conduct is inflicting tension in your relationship and ask for what you need. Once you remind your self why you’re doing this in the first place, it may also help connect you to your motivation for dating and get you through the powerful moments. 12. Get suggestions from others about your profile. Consider your dating profile just like the trailer for a movie. Think about how your mates or family would describe you to a possible significant different. Taking recommendation about our love lives might be arduous: our pals want a break from counselling us on our breakups again and again, and our mothers are uninterested in dishing out knowledge that we sometimes (Ok, virtually all the time) ignore. This is golden advice from a courting coach who knows what’s up in relation to figuring out your priorities when dating.
First impressions matter, notably relating to on-line relationship. It is crucial as a man that you just show confidence, energy and control throughout your first date. Thus, instead of pulling the weight of your relationship all by your self, it can be crucial to manage your anxiety-induced overdoing urges. For instance, if your accomplice is apologetic or has real justifications for their conduct, consider proceeding gently along with your relationship. Remember, if your accomplice is with you because you ‘overdo’ then it may actually be a relationship of comfort or dependence more than one of love. It’s totally potential you would’ve needed to reject them for never having seen Star Wars (your essential piece of pop tradition could fluctuate) anyway. The way you look could appeal to a man initially but it’s the way in which you current yourself that really issues. You might have good conversations with males you find engaging, only for them to ghost. This isn’t too hard to do, but to my surprise, a variety of guys seem to charmdate do not know how do it. It shouldn’t be taken for granted and males who master kissing can have healthy and completely satisfied relationships.
Codytfw says
Insider beforehand reported that one litmus take a look at of a contented relationship is how enthusiastically every partner responds to the opposite’s good news. There’s nothing worse than getting into a routine along with your associate because the relationship will seem dull. The breakup could not have happened on the blink of an eye; there must have been small incidents that piled up and led to the gradual decline of the marriage. You have to at all times talk with your accomplice as it means that you can share your thoughts with your associate and tell them precisely what you might be considering. Ask a Relationship Psychic – How Can I Tell If He Loves Me Without Asking Him? Sometimes the way we feel about nature will be completely different and difficult to figure out. My expectations are means excessive. Three specific multi-billion dollar partnerships are beneath the antitrust regulator’s microscope right here: Microsoft and OpenAI, Amazon and Anthropic, and Google and Anthropic.
In Figure 2, below, I summarize Gadamer’s (1960) three sorts of human relationships by way of social work and from the angle of the social worker. The older associate may be keen to begin touring and having fun with their golden years; how will that work when the other partner remains to be working 40 hour weeks with 2 weeks’ vacation a 12 months? Maintaining a protracted-distance relationship could seem difficult, but don’t let the gap discourage you. Trend spotting. Collection of and access to buyer data let companies establish developments and insights about their clients by means of reporting and visualization options. I allow them to know if there’s somebody I’m tremendous into. It is difficult to build a relationship with a girl, really get to know her and her you with out being in the same city for some time. Going by way of a breakup can feel like you’re being pulled in one million directions. Also, share your expectations about being collectively once more. English-German on-line dictionary developed to help you share your data with others. I’m jealous AF and cannot help it.
Do you consider in love at first sight? Lol, perhaps lust at first sight. It was solely final year Mr Sunak used his personal first overseas coverage speech at Mansion House to say the so-known as “golden-period” of relations with China was over and, along with the “naive idea” that extra commerce with the West would lead to Chinese political reform. Chances are you’ll use asiame the resolveRelationUsing method to define relations between Eloquent models at runtime. If you discover out that you’re not aligned with your vision for the relationship, you may need to evaluate if it’s best to move on. If you’re in a de facto relationship, though you might have the identical rights as married couples, there can be added complexity as supplying proof of your relationship can sometimes be tough. Irrespective of how properly matched a couple is, there are going to be downsides in each relationship in some unspecified time in the future. Going for a hike allows you to understand issues that most individuals don’t see.
But it surely could additionally mean just going for a stroll exterior and breathing in the contemporary air. You actually imply that? As we transfer by means of things, there may be a new way for us to handle what are the fundamental mechanics we should consider relying on the goals can be. Which bop are you almost certainly bumping? There are not any relationships without problems and the only factor you can do is prepare for them and after they come up deal with them correctly. There isn’t any incorrect means to appreciate nature. Mostly all the things about nature scares me. The purpose is, nature might be dangerous, but all the pieces you see exterior of your window has a goal. You may cause gastrointestinal disorders equivalent to irritable bowel syndrome and painful ulcers. “Sliding†into a relationship via inertia could cause hassle down the line; studies show that couples who discuss relationship transitions straight are likely to have a higher relationship quality later on, are more dedicated to their companions, and are much less likely to cheat. Your ultimate nature adventure might be skiing down the toughest trail. Maybe you feel like nature betrayed you. Customers who feel that a company is aware of their needs likely will proceed to use that firm’s products and services.