EMP no longer exists, they are now part of the BWB Group found by the Brunei royals. They are a pretty secretive investment vehicle. Interestingly they partner with a finance house run by a group of ex blackstone executives.
and note the following extract:"Azerbaijan/Georgia - Performed geological and engineering assessment of Taribani Field in Georgia and the Kursanga and Garabagli Fields in Azerbaijan on behalf of Emerging Markets Partnership."
So a joint venture between SOCAR and the Chinese and in the same Kura basin that FRR are working in. So one giant field and economies of scale.....and of course the Georgian Energy Minister has made a number of trips to Azerbaijan recently....
Taken a spanking but you know , so what. Its one of those things that doesn't affect you til you sell and although easy to say,if what is going to happen happens,..…...it matters no one jot. I'm invested enough in this but I'm relaxed, so what if it goes to .2 ?......if the belief is that its major, it will be sold or JV and that will be that. Time will tell. Let's park up the share price. Uh?...yeah,...let's park up the share price!! Let's forget it exists,... If you were to look at every part of the jigsaw,...all the meetings all the big man statements, the 5.31, the level of people involved , the Joe Bidens, the KK's etc,.....the geographic position, the pipeline that shah can't fill, the "energy independent Georgia".............. What would be made of it?....I'll tell you what,... All share prices come down in the end in aim!!!! Until taken over c etc etc. Someone outside who has no interest in the SP would say..."what a company,,,,on the verge of something huge . Course they would. I'm not sweating about the SP.....that's my line. You know what,....the only dangers are bust or private. SP?.......I'll keep the Grecian 2000 going I'll be fkd if I'll sell. Not a chance. Up to my tits in it or not.....I'll be holding right where I am,..or adding. Right,...this is it for tonight. MACHINE OFF! All the very best to all, especially all the long term suffers. I'll be holding ya bassa....2016...2017.....ariston and on and on and on til that sell date! Have a great day tomorow all. Steve Nicandros. ..eh I mean Thomo. Sorry. 100% machine off.
A YA drawdown for example ,£2 mill as a dilution to share value would possibly knock another 4 mill off the company value.leaves circa ,,,£ 6 mill devaluation..a straight up loan with a 10% interest rate sounds far better value.so why are we giving the shares away and devaluing the company..SN get a loan rbl whatever..as it looks like we are not getting a buyout j v .etc. use the money to stimulate the wells and get the frac on with it...
"As reported in October, Frontera continues to advance evaluation of commercialisation options to expand and accelerate efforts to bring this resource to not only Georgia's domestic market, but also to nearby regional markets in Turkey and Europe. "
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