everyone has to do whats best for them when its best for them.
i dont know any more than you buddy but I'm holding for the next few months.
Never has there been such a squeeze on the BOD as there is just now- a perfect storm. I have no doubt if the news comes that i personally expect, that there will be the opportunity to get back in and if it happens i hope you do fella.
All the very best and i hope you find some sanity in your quest.
On a serious note I'm calling it a day with this share until a few things happen that demonstrate there is some sort of a possibility that the BoD have the shareholders interest at heart. The first thing I will like to see is the CPR booking RESERVES. Secondly I'd like to see a plan to deal with the CLN'S and RPN'S.
Only then will I consider buying back in because at the moment the risk/reward has become 80/20 especially with a BoD that clearly shows no regard for shareholder concern.
I wish you gents the very best and hope that this mess that's due in August is dealt with in a way that retains shareholder value.
It's been a steep learning curve one that will possibly cost me 70k but it has made me realise that in this game there is a lot to be made and lost. Remember gents even the pros get it wrong at times. It's just a case of trying to get back what you've lost on something else.
I'll be watching like a hawk so keep the comments clean.
Frontera and more importantly Steve C Nicandros are big hitters in the region. We may be small fry in terms of market cap, (currently), but in terms of resource and clout we are at the top table my friend.
This was posted early this year (C5) worth a re-read The last few lines are interesting as they indicate developing as urgency gas supplies from - Georgia and Ukraine (plus others) Humm..is that not mirror what FRR are trying to do now and over the next few years
From the strategy section of the November AC report
DEVELOPING A BLACK SEA ENERGY STRATEGY The United States and NATO need to recognize that Black Sea energy security directly affects the ability of the region’s countries to withstand the pressure that the Russian Federation applies to them through price gouging and the disruption of gas supplies. The US State Department’s Bureau of Energy Resources, ably headed by Special Envoy Amos Hochstein, should take the lead in developing and implementing a coherent US policy that will ensure that the region is secure for energy transportation, exploration, and production, so that no one power is allowed to dominate the energy chess board.1 However, the State Department cannot and should not do it alone. It needs to cooperate with the Pentagon, the Department of Energy, and the intelligence community. Most importantly, the United States needs to expand cooperation with its European allies in addressing these issues. With respect to pipeline development and use, an important goal should be keeping the Turkish Stream project from increasing the amount of Russian gas that reaches Europe, as long as the Ukraine crisis remains unresolved. The United States and its European allies should support development of the Southern Gas Corridor, as well as the NorthSouth Gas Corridor in Central Europe, to improve natural gas supplies to South and Central Europe. The United States and Europe should also prioritize the development of other alternative sources of natural gas, including from Georgia, Ukraine, Romania, the Black Sea basin, Kurdistan, the Eastern Mediterranean, and beyond. Explains why SN wants to be at the forefront of AC and help mould regional strategy, meeting Presidents and rubbing shoulders with O&G big hitters.
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