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Trust me it’s still a good read.
zzzzzzzzzzzzzzzzzz just get the deal sorted thats all its about !!!!!!!
His 2nd Post "And on the subject of that box, which quod erat demonstrandum is not empty… A comment on the arbitration issue with the Georgia State agency & the GOGC. Here, my understanding is that the issue is not so much about the contents of the box, which is now well understood by the relevant stakeholders, but about the pace and nature of the manifestation event; the exploitation timescales and how the PSC should be interpreted regarding certain territories in the block, for example, what Frontera refer to as the Basin Edge Play. So, the Miocene horizons at Basin edge (above the gnarly Cretaceous) are now extremely relevant by extrapolation from the staggering technical success at the Miocene Taribani zones. Read the 2005 NSA report on the Sarmatian horizons (S3) at the Basin Edge areas and feed that with the Taribani work into the declaration objectives under Article 9.4© of the PSC: There’s not a lot of seismics for Basin Edge We now see a lot of oil in play in the Sarmatian There’s not much time with the Study period. How does that box get opened? And now understand: There are many juicy boxes in Block 12! And finally regarding the current pressure on the shareprice of FRR shares (with reverent sunlight on folks buying shares in London who have carried this work to here), as I understand it, certain commitments with regard to vendor stock are being processed, and other pre-agreed sellers are working through their deals – honestly I don’t understand the details. Also, we know that all markets have the derivatives traders like the short selling guys who play their part and spin their story. I have to say; there is a lot of BS in some of the online news websites in the UK and a lot of BS gets posted on Twitter too. This pressure wont last forever - they’ll take their turns and we’ll get shot of them. It sounds trite to say a little bit of patience now, but go along next week, hear what Zaza has to say at the meeting in London and try once again to get your heads around 18 billion barrels oil and 202 tcf natural gas."
Of Kick Mucks post. Very good read. Well, things are progressing nicely here. Firstly, just lets recap on the last two and a half years of technical progress in Block 12. This is a petroleum engineering story at its best – we finally figured out how to drill clean holes in this tricky geology and we got zones to flow that have baffled drillers for decades. The Soviets fooled around for so many years washing out the sands and spitting cement; this really is a classic story of how one of the worlds great under-developed regional plays gets conquered. It’s taken years for Frontera to get to this place, but then it took years to realize that the Permian in West Texas could do what it’s doing now – read, understand and see the similar story. OK, on a very basic evidential level: Q: Is the oil there in the Block 12 license area? A: NSA have presented cautious oil and gas in-place estimates based on data they have audited from the Frontera drills and data they have generated themselves. We also have some Ryder Scott work. These data estimates are staggering and no one can deny this is not absolutely world class land with several great plays – based on the petroleum consultants data. Q: Can we drill holes, work the rock and sustain a major field set of commercial flows? A: Frontera have presented an exploitation & development methodology for a super-multi-well strategy which has excited certain parties to take an interest in Block 12 over recent years, from MND Group / VTB, through to the recently announced majors – these are the ones the market knows about… OK, I totally agree that retail stockholders are lacking straightforward data to reassure the exploitation and development story, but if you step back (or talk to the right people) it’s now clear to see that the Block 12 geology has been capitulating like a woodchuck since 2016 and the grind of it all has been getting the deals to plug the whole thing in. It just needs a whole lot of money throwing at it now. Next, a deal was finally nailed with mucky old Yorkville to help clean up and ready the Frontera balance sheet (announced in early June) and a little tussle subsequently developed with Yorkville (thru August and into Sept). My understanding is that this is not complicated stuff and an explanation on Thursday next at the stockholders meeting needs to be listened to really carefully to make sure there’s no misunderstanding by retail - I understand that a sensible outcome has already presented itself and just needs working through with the lawyers. Like someone said on here, you don’t fight over an empty box." His 2nd Post "And on the subject of that box, which quod erat demonstrandum is not empty… A comment on the arbitration issue with the Georgia State agency & the GOGC. Here, my understanding is that the issue is not so much about the contents of the box, which is now well understood by t