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Whole of block 12? don't think they will pay for the whole 202tcf.
I would rather they buy proven fields, otherwise it seems to me we would be cutting ourselves hugely short.
If we had won the tender process, I'd have written to the Ukrainian Government asking them why the fk did they award it to FRR? Maybe they want their great great grandchildren to reap the benefits of the Dolphin block?
LMOA
And for our not insubstantial investment in the company Dave let’s not forget that.
Hi, gooner brother. Thanks for your info, always appreciated. Yes, the Dolphin involvement is smoke and mirrors, but a possible reason for this is a possible quantum shift in the company's direction, away from Georgia. I'm assuming we may have an agreement to sell block 12 to a super major and BH will be their main operator, which leaves FRR with considerable funds behind them, and a strong appetite to look for new exploration and development goals in some sort of close partnership with that super major. Dolphin has enormous geological potential and may provide a backdoor re-entry to Moldova. All this is pure conjecture, which is possible to do on no news and without the pressure of worrying over the SP. The private shareholders could be rewarded for their forbearance with a one-off dividend, due to not having been consulted over all this unseen activity. I think we deserve at least modest compensation for our belief in FRR.
The letter & what seems a statement on that letter both made by Taylor English, seems to confirm that they are representing Frr on the Dolphin project & obviously means they have funds coming in from somewhere. The where part is very interesting & important to as where Frr are going over the coming months.
Now that the Corporate London based law firm Taylor English Duma have been named in the article posted couple or so days back for Frr concerning the above. Would say that this is a big pointer on that Frr are involved in Dolphin & on that being the case that also is a big pointer towards Frr have $s or backing from somewhere.
As usual though time will give the answer.
Enjoy.