Hi, nice if you to say. Yep; since the decimation in mid June I've nearly doubled my holding. Could be gold money after bad but if the CLNs are written off which looks likely and with local suppliers on board I think this will turn around and quickly. Oct is massive and I hope/believe we'll be multiples from this level. We have the wolves at the door with the debt and if that's cleared and we seem more confident of hitting boepd targets all will look good.
Ironic, I will help you a bit, the £8.5m is a tax rebate forecast to be hopefully paid before the end of the year from the Georgian Government. The court case relates to a subsidiary of Frontera being folded while holding $32m of debt, the debt holders are trying to hold the parent company FRR responsible for the debt. At a glance it looks like FRR might have the upper hand in this case. The outcome will be massive which ever way it goes!
$8 million tax rebate from GG £32 court case Potential 202TCF and 18 Billion barrels of oil have got to be worth more than our current MCap!! who cares if they don't exstract the lot who cares if they get less than 50% . M cap £8 million ... Less than 50% will do . By the time it is proved up and production as apposed to testing production the SP will have changed .
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