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Yes they will have the facts...like we carried on through the war, confronted the incumbent energy minister and junior minister accusing them of corruption, the dollars spent, the hold ups with licences, hold ups with the pipeline, allowing the transportation links to deteriorate, the help to the farmers, the medicinal and health screenings to the general population where they were working, the extraction and supply of gas for 6 years now....
Phil, the arb panel will see it for what it is as they will have access to the facts rather than hypothtical bb guesses , hopes and fears .
Nice post Phil, it's the waiting that has been hard here, and it plays on the mind. From this side of the fence it seems we should get something, if not all , of it out of this.
I really hope so.
What really p*ss*s me off is the the divi type discussions, ffs we don't know if we will have anything left to prove up yet.
B12 was always seen as the jewel in the crown hence why Shevardnadze gifted it to a US company out of the reach of the oligarchs especially Ivanishvilli. When he wrested control in Georgia he has been instrumental in trying to block the progress of the company and in my opinion the letters and meetings by congress are reminding the Shiite hawk of his behaviour.
It might be questionable in any other US or International company would want to invest in Oil & Gas development in Georgia if the GG has done over previous companies, they could be wasting a lot of money also for all they know. Besides I'm not sure if they would get better than a 50/50 PSA from a Major.
I think FRR should be able to claim the reward that was agreed to, they've out a lot of money in over the years. Plus the GG need some company to develop the field so it might as well stay with FRR who will likely sell on to a Major that can develop it more quickly anyway. 50 percent of a lot is better than 50 of little being produced.
That said I do rather fear a lot of bother out of the Arbitration verdict. I tend to find courts can come to ridiculous decisions about stuff that can be a pain in the rear. Hopefully they will see this for what it is, a greedy grab by the GG when the field proved to be a lot more lucrative than first thought. Either way hopefully not too much longer waiting to do.
That's just the type of post that drew in the unwary when frr was listed.
Whoever wins this battle over Georgian minds regarding whether East or West is best be it the USA or Putin the future of frr will be irrelevant.
Do you really think USA ( America First) will sob their hearts out for little old frr if they lose ,and say Exxon gain the Block when it comes up for grabs?
I have no doubt SN and ZM will come out of this unscathed, whether us PIs do well that's a different matter.
High stakes, big winners, big losers.
Tin hat on now, but before you shoot think about the only losers here, a bunch of AIM gamblers who should have known the risk if above happens.
gla, we really do need it.
CF73, if dreams were real eh?
After everything they been through, can't see how ZM and SN would want to carry working (in any shape or form), especially if FRR come out OK and and a monumental payday and the most crazy-asssed retirement plan awaits...
...if the opportunity is there, sell the lot, shut down FRR, with a special dividend of between 10p to 15p --- an' I ain't being greedy either ;-)
...failing that, I'll take a relist 10p...
Well the deadline for the submission for fees & final statement to the Arbitration is supposed to be in by today. So maybe we might get a bit of further idea as to the final judgement date soon?
There are a few feeling Frr will come through, but now we defintely know that Russia & Dream ******s have been wiping Putins backside then nothing, is certain.
Big shout, been around a while R8pilot. No offence but you seem rather firm, even confident here....
To add to reg’s post - I very much doubt FRR would have the backing of several congressman if they had not played this down the line. This is very high profile between the superpowers and the Russians and Russian sympathises would be looking at every detail to find a fault in FRRs actions, which in turn would embarrass the congressman. FRRs arbitration will be water tight compared to the GOGCs IMO
On this I will go with previously mention of which was ZM after saying Frr had not violated terms of PSA & went on to say that he feels optimistic.
So on him believing Frr had not violated PSA then even if they had in some minor ways with Frr having had put, so much funding & work into B12 then just feel Frr will come through.
As always said though it is only a formal announcement that will confirm all of this.
Disappeared from my kids JISA’s a few months ago with Charles Stanley.
Will worry about it if it ever looks like it will be worth ‘owt.
Still very unsure about that, but the dogs still chasing...
not in HSBC!
Still no f******* share certificate in sight!!!!!!!!!!!!
Too easy odr always knew I'd get a little nibble lol just lol
i agree regdik...the arb will fall somewhere in the middle so will still require the two parties to work together at least in the short term while BP buy out our stake and take the fields on (according to B-2-0 :-))
ODR, I side with Tsbs and Regdik on the Zaza interview. This was on state TV and directed at the Georgian public. He was surely trying to redress the negative comments about Frontera and their workers. This was a PR exercise. The arbitration outcome and any potential deal struck prior to that would surely be unaffected by this interview. FRR is also fighting for its reputation in Georgia. If it survives these battles it needs to regain credibility in the eyes of the public.
ODR on this case I agree with TSBS as I think that the outcome would be uncertain.
If he thought he/FRR were in a losing position he would have been more cutting and direct with his comment on the treatment of FRR from GG.as he had nothing left to lose. The open and approachable stance I agree left the door open to a conciliation with GG. He knows politics and has keep the door ajar.
To me he did not want to burn bridges but showed statesmanship in the interview but we all have our own opinions and for once I hope TSBS is correct :-)
Tsbs - you forgot that you have to make allowances for Southampton fans!
Quite sure most lths were relieved that zaza had given the interview especially after all the ruski/georgian bull***t that had been and still is reported.
Indeed PJOHN ... you should have stayed away ...
Tsbs: not explained before. The more I have reflected on his motives for this, the more I think that he thinks we will lose. If he was confident he would remain silent and await the good result. But the fact he has spoken and that they issued the conciliatory statement beforehand, together with mobilising the politicians suggests to me that he desperately now wants to force/cajole the GG into an agreement before the arbitration.
I hope I am wrong but it is just the way I have interpreted what is happening.
Spent couple of days off the board, to only return to odr's doom and gloom lol