Arsenal's 20:34 post says it all in answer to your 20:28 post. Just for info I for one do not wish to see a full take over of Block 12 as I'm here for the long term future of FRR in Georgia and see recent developments as only the start of very big things and $$$$$ to come :-) However if SN feels we and it is "we", as we are important investors and should I feel be consulted, need to sell an asset or two to make others come on stream sooner I'm all for it. I'm still of the opinion we PI's are nothing more than an irritant, even more so now the company is/will be soon raking in circa £500,000 a month from gas sales! Collectively we PI's are a voice to be heard but individually SN couldn't give a jot - this is why the last AGM was held in Huston not in London!! ATVB. VW
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Operations Gallery, March – November 2008
Operations Gallery, December 2008 – January 2010
Operations Gallery, August 2011 – November 2011
Back to Top Just to give you a feel of things. I don't know if these photos will come up on here. From 2011 20 wells HAVE been drilled and secured. Oil and gas. We could here about those maybe. That's 2 1/2 years ago. Yet no confirmation about the completion. Apart from the first 2 wells. Frr have spent about $250 mill upto now on b12. Frr will want to get that back and a profit. So I would say positive. If a takeover or a jv partner. Which could probally be she'll or bp. All guess work on that.
I cannot see Frr letting all the oil & gas they have go, without a very nice looking value to it. What that value would be, nobody would have a clue at the moment, but the more Frr deliver on the more we would get in a t/o.
Soon mate, very soon!! :-) After Fridays hastily published "let them eat cake" RNS I hope and to be honest yes it is only hope given the shambolic way FRR publishes Block 12 news, we should see a steady flow of news from here on in? SN and the powers to be in Georgia do not want to let out any more than they have to as to what is going on in Block 12! For the life of me I know not why but still believe we are being held back for a complete take over or massive JV - gut feeling only!! A steady flow of "current" ongoing operations giving accurate details of what, where, when and how much from FRR starting as early as next week will help fill in the spaces as to what is really going on behind the scenes? I'm hugely positive this is thee O&G share to be in right NOW - FRR is an Oil and Gas "producer" sat on a world class asset in Block 12, winner :-) ATVB. VW
The Georgian Government can buy my shares for 10p..But hopefully now we have left behind this lengthy period of "stagnation"..Maybe soon we can expect to see Buy recommendations all over.. See positive RNS's which start with "The company is pleased to announce" and also the return of the by-word at the bottom from SN..It's interesting to look back at Arbuthnots Buy recommendation in August 2011 with a target price of 12p A few more shares in Issue now but also 2 months after this report Frontera reported Mtsare Khevis gas potential at 5 times larger than previously thought..The only way is up methinks :-)
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