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Band from the midlands.
I second that. Nothing out there to suggest that SN and ZN want to steal our share of Frontera. Pathetic worrying herd, first instinct to run in fear or even worse those just whipping up fear for its own sake.
It is very much not over and some of the charlatans on here know it and fear it.
Well said regdik,
I am of a similar view.
ATB everyone
I don’t know about you but the event of FRR shafting all SH’s is to me only a remote possibility.
Why!
The support of a number the US political heavyweight signing a letter supporting the Ukraine Dolphin bid of FRR that this should be reopened and be more open.
Plus the US Gov. openly supporting US interests in Georgia and that the GG should be more open and not “red tape” investments or hinder agreements in place (FRR was a named company).
SN is well placed and Knows the political game and who to lobby and add donations to their political funds obviously helped plus mention of the FRR investments in Georgia (funded by SH’s)
Now imagine the outcry if SN/ZaZa openly defrauded their SH’s who spent 100’sM backing the company. On one hand we get the US Gov saying treat us fair and then being undermined by one of the very companies its supporting. I’m sure that those with other agenda (Russia, Trident and some in the Ukraine/Georgian Gov.) will be quick to raise this as an example f double standards. This would play out badly to those who took donations and those who openly supported FRR. Fraud is very stick mud in politics and SN overnight would have lost all of the US political support.
If you read BP code of practice their is a very large section of corruption and fair trading (I’m sure other majors have the same) so this would not sit well with them if they invested in an asset (FRUS) that later was subject to a SH counterclaim of defraud.
Green energy? All about gas in my eyes at the moment, 50% less CO2 than coal.
Apparently 202tcf in block 12, nice thought.
Hydrogen is the long term goal, but driving around in miniature bombs and limited supply of the resource makes it currently difficult. Meanwhile we still need to charge all these batteries for all these cars and the whole nation.
Here's a little fact for you guys, when installing a wind field offshore in the UK. Rent is paid to the royal family as they own the coastline and so far out into British waters. Little bit of a hidden agenda there. In addition methane gas produced from eg. cows is 120x worse than CO2, unless the world is going to give up on it's meat produce the fight is futile. (Beyond meats) etc.
@ Pophead sitting in front of a good sized wood fire in the garden on a warm autumnal eve listening to planet rock drinking SB snakebites. What's the worry? 64yrs old, for the last 8yrs put half my pension money into sxx and half into this .
You've got to laugh or...
Where’s all the worry lot gone. Oh dear such a worry. What if they take all our money? Such a mess you have to laugh, you have to laugh out loud. There is always tomorrow for more worry.
@Cogster. Filtered and reported... oil still rules. ;-)
Sycric, by the time this lots sorted, oil and gas will be banned and green energy will be king.
Good post Sycric
He's still on company website that's good enough for me
Frr havn't employed Tim ?? Otherwise he wud get paid.
Last time I read it a new company was set up to move the asset but there was some disagreement regarding the licence. I look occasionally and nothing has yet been mentioned. Seeing frontera/zaza are arguing the Ukraine decision, honestly I'm not hugely wondered. I do think zaza and frontera know they have Fudged up with the whole Hope situation. Anything at the moment they say would just lead to us giving them some stick. I personally think they are waiting for a sale on some of the proven block and then they hope to come out smelling of roses our rage turned to happiness. If they didn't care about future relations with us, why are they still employing Tim? I honestly think he knows more than he lets on, but ultimately we don't sit above the confidentiality he has with his client. Just waiting for the special dividend, I cannot see Zaza and Steve not wanting some cash out of this business with a huge re-valuation going forwards.
The document B19044710 was posted by Sycric on the 30th July about FEGL, yet the document about FRUS, which preceded the FEGL document has only just become available? Seems to me like the GG are releasing information in a timely manner for a specific purpose. Linked to the liquidation of FRCC by the Caymen's court perhaps?
CF73 when you say seems resolvable what gives you the confidence to say that????? Don’t say 30 days you must have something else.
From the last two points, there's an issue that needs rectifying. They have 30 days to put it right. So seems resolvable, whatever it is.
Can anyone explain what info in last 2 pyro posts are meaning?
Part 2
3.5. Pursuant to Article 96 1 1 of the same Code, "an administrative authority shall, in the course of administrative proceedings, examine all the circumstances relevant to the case and make a decision on the basis of an assessment and concurrence of those circumstances."
file: ///tmp/tomcat8-tomcat8-tmp/476e1f2c-ab9b-46f4-aaac-14c1f8d93e8b.html 1/2
5/17/2019 3 NAPR
3.6. According to Article 5 of the Law of Georgia on Entrepreneurs, the registering authority is this law
Issues determined within its competence make decisions for registration and access to information under the Law of Georgia on Public Registry.
3.7. The legal and procedural issues for keeping the register of entrepreneurs and non-profit legal entities are defined by the Instruction “On Registration of Entrepreneurs and Non-Entrepreneurial (Non-commercial) Legal Entities”, dated December 31, 2009 by the Minister of Justice of Georgia.
3.8. Pursuant to Article 18 of the said Instruction, the Agency shall make a decision on registration if there are no grounds for finding a defect, terminating the registration proceedings or refusing to register.
3.9. In accordance with the rule established by the foregoing norms, the decision-making authority is under the obligation of the registering authority to conduct a thorough, accurate, comprehensive examination of the circumstances of the case and to decide on the basis of their concurrence.
4. Conclusion:
4.1. As a result of the mismatch between the facts of the case and the requirements of the law, the registration authority considers that the documentation submitted by the person concerned does not meet the registration requirements.
4.2. In order to uphold the principle of legality in the field of public administration, the National Agency of Public Registry,
decided:
1. Suspend registration.
2. To eliminate the identified defect - 30 calendars
The National Agency of Public Registry has received an application (Applicant: Giorgi Janiashvili / 01025015919 /) requesting the registration of a new entity.
Legal form: branch of a foreign enterprise
Ad title: Frontera Resources Inc. this. LLC Branch in Georgia
Latin name: Frontera Resources US LLS's Branch Office in Georgia
Additional Submitted: (10/06/2019 18:12:02)
Giorgi Janiashvili presented 01025015919: Written decision of the Management Board; statement; Statute; Consent (N 190597635) Lease Agreement and Amendments thereto N 1; N 2; N 3; N4; N 5; N6; N7; N8; N9; Extract from the Public Register;
Services: 100 + 5 * 1 + 20 GEL within 1 day
The service expires on the day following the registration of the application and ends on the expiry of the last day of the application. If the end of the registration process coincides with a holiday or holiday, then the registration process ends on the following business day.
Transfer should already be compleated
Thanks Arsenal. Any confirmation of asset transfer?
i.e. 13:41 post extract as follows:
In accordance with the Law of Georgia on Public Registry, a decision was made to satisfy the request.
The decision shall enter into force upon publication.
The decision may be appealed in court within 30 calendar days of its publication.
Pophead
Last para of 1st post by pyro on info.
Can someone paste the section in the documents that specifically confirms the transfer and the acceptance of it by the Georgian government please.
ThomBola,
It may also have been ring-fenced for JV purposes.