but we seem to have a dichotomy between what SN is saying and what the Georgian ministry is saying. Also we need cash to pay for the day to day ops, this does not imply to me that we are definitely moving forward, bwtfdik
JS - From the Corporate Overview - Sounds like Ukraine is ideal FRR territory
Specifically, Frontera’s strategy is to seek opportunities in known hydrocarbon-bearing basins around the world where historical geopolitical and/or economic situations may have caused significant oil and gas plays to be overlooked or underdeveloped. Being among the first to enter these markets as they change and emerge from these historical situations is a primary objective in order to capture opportunity. Within this strategy, Frontera’s current focus is targeted on exploiting a ‘Greater Black Sea’ initiative, regionally building from its core operations in the country of Georgia.
Re: Good to know Symore Bottoms Not sure I see any 'real' news in today's rns. Also the word 'please' was absent. So what was the point? Not sure. Most Frr shareholders don't really care about these side-MOUs as see are non-binding and are just distractions to the main work in progress in Georgia. The material news items we are all waiting on are: results from Udabno, upgrade in gas facilities & raising daily production and completion of Niko. Oh I forgot the other biggie, the CPR. Also, management priorities should be engaging the Georgian govt, upping production to reach financial stability and progressing JVs/farm-ins or borrowings from govt backed agencies like EBRD,World Bank or some US backed financing. All this other stuff is pretty trivial to me, especially as the s/p keeps going down while the company keeps issuing more shares at obscene prices. Where's the and tangible improvements? Even the Georgians are growing tied of all this bluster. Management accountability to its shareholders remain dire. Let's hope we get the news we are hoping for in the next few months as this investment has the potential to be life changing. Still holding strong here... More View thread 4 Respond Login to Vote up Neighbourhood Watch
Its difficult to say wether a non US company would have faired any better in the same position. I agree that the Americans can really get up peoples noses, but theres a lot of locals on board here. Would a company with closer ties to Georgia have got the licenses etc any quicker, maybe!?
It might be the case that the shares were used to pay Netherland, Sewell & Associates then they may be obliged not to take advantage of "insider information" and had to sell within a SP range not to fall foul of the regulator - just a thought.
Guess we will just have to disagree on that one. The pace is not fast - but it is moving and the need for cash is a sign of that to me. Yes it would be nice to see the Gas sales but that takes time you need to get the infrastructure and customers in place with contracts to make the sales as opposed to production. As previously discussed there a key dates this year for Frontera and Georgia. Looks to me like the pace is being dictated by a number of regional factors and not just what the company has been doing on the ground. Elections, Nato, EU - Ukrainian and Turkish politics to name but a few. FRR will be releasing the important news in the next few weeks into this cauldron. Frontera surely have US backing - but they may have a wider coalition of business and EU backers - SN looks confident. People might or might not like Americans - but they do like investment. Zaza going into position mid last year was a key moment for the Georgian operation for me - since then you will notice SN has been more involved with the AC and Greater Black sea strategy. We have debated this here a few times on whether SN perspective is bigger and longer term than the average PI who tends to be short term focussed.
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