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Thanks manicman182 - hopefully we can find something more substantial than the "he-said-she-said" of late.
Last week DomFok shared -
"According to Turnava, the government is currently in "quite positive and active communication with Frontera and is preparing for a meeting to discuss certain technical issues." At the same time, Turnava said, the issue of wage arrears of the 84 employees that Frontera fired in December last year remains a big problem."
Then a couple of days ago DomFok and others gave the FRR view -
"Instead of having a direct connection with the company, as is appropriate for a constructive partnership, members of the government have again chosen to make a public statement on a fabricated issue"
The best I can gleam from this is that whilst they clearly do not agree on the wages issue, it's also a separate matter. So it's possible that talks regarding the other "technical issues" are ongoing.
No offence Phil, there is no real democracy in these regions. Not even a dimes worth. They are bully states, unfortunately.
And there i was thinking this was always about accessibility through land for the pipeline???????
Probably why they were going for the Ukraine tender so as to not have all their eggs in one basket. They probably reckoned they could get more finance of the back of it.
I reckon if they can develop the field unopposed even six years could allow them to pay off their loans and give some sort return to investors. Odds are that agreements could be reached with a new crowd in government there. Some payoffs might be needed but that seems to be how business is done out there.
I think that the main problem is that in a lot of these ex-soviet states like Georgia, Ukraine, etc they never really learnt how democracy works. Let's face it essentially even when a party loses power in the west they rarely lose out, even for those that have lost their seats. I've never seen a news report of an ex-MP, ex-US congressman, etc signing on down the jobcentre lol. If they can't get behind the scenes back seat roles in their party they usually have earned enough and got a big enough best egg to go and get money in from their own money making set up. In a lot of these ex-soviet states however I think they still see it as you either dominate or you stand to lose everything. I don't think they ever really grasped that isn't the case or how the democratic system works but it's the mindset that still persists. It can take quite an effort to turn that around I think.
Up until 2027 they will at worse continue to work where feasible. If they then fail they will most certainly push through courts 2027-2031 IMO or file for bankruptcy.
This does not feel like a one trick pony.
Its the nature of this beast and we are in for the ride whether we like it or not folks.
Possibly the GD party might be coming around to reaching an agreement with FRR before the October Election. This latest news might be the start of a U-turn on all of this. If we get to the Election and it turns out to be a fair enough battle with no one party controlling an outright majority as is expected under the PR system then the GD will have to come to terms with matters and may be hopeful of working with other parties in the hope of retaining some say in matters.
I think in general though we probably won't see FRR fully come out of this till after the Elections at the end of October. So once again that means more waiting for us, lol.
Does seem like it's going around in circles abit...Wonder when we will get some definitive news on this theatre production.
Would make a great movie.
As always we know it is a waiting game ...
Looed A big thank you for all yourrecent hard work with the interview translations and to the many other posters for keeping the information and positive vibes flowing ...
GROUNDHOG DAY
Part3
At the briefing, he called on Frontera to repay the debts of its employees and noted that the government is currently in positive communication with the company.
"As long as this dialogue with Frontera continues, we will provide very important assistance to these people once and for all," Natia Turnava said.
The Georgian government has decided not to terminate its contract with Frontera and to allow the company to resume operations in the part of the original contract area where oil production has been under way since Soviet times.
According to the Ministry of Economy and Sustainable Development, about 1% of the state's exploration territory is in question, as about 99% of this territory has already been returned to the state by Frontera, according to an arbitral award.
According to the official statement of the Ministry, the decision of the state is conditioned by the strategic tasks facing the country.
The Georgian government announced the termination of its contract with Frontera in April 2020 and based its decision on international arbitration.
Part2
"Unfortunately, instead, the government has disguised itself as the current kleptocratic oligarchy. International observers know that our business experience is a real-time indicator of what is really happening in the country's geopolitical and economic landscape. "The Georgian government is constantly trying to attract the attention of the West and seek foreign aid, but at the same time it is silently instilling the values ??that the Russian invasion of 2008 should have inherited. This is a very dangerous masquerade. The goal of the 2008 Russian invasion has been largely achieved." In order to significantly destroy the free enterprises of the Western private sector.Our business and the prospect of Georgia's energy independence related to it has been damaged and halted by the government, which was prevented by the Russian military invasion 12 years ago. We could not have imagined that after this horrific war, we would find ourselves in an environment where democratic reforms are opposed and Russian, Iranian and Chinese private sector investments are welcomed by the government more than by the Americans. As the largest US private sector investor in Georgia, we have met with the Prime Minister and his Government many times over the past year to try to return the positive spirit of the US / Georgia Partnership Frontera Resources Corporation - 3040 Post Oak Blvd, Suite 1100 - Houston, Texas 77056 USA . Unfortunately all these appeals were ignored, or we were rejected in response.However, as we saw in the last week of July, the pro-American masquerade continues, with other priorities. "The president, the prime minister and his government have more time to meet with Iranian officials to discuss normalization of relations and economic development," Frontera said in a statement, urging the government to work with him directly and in good faith.According to which the company calls on the government to act directly and in good faith with it:According to which the company calls on the government to act directly and in good faith with it:
"We respectfully urge the government to remain committed to the arbitral tribunal's decision, to respect the terms of the contract, to meet constructively and to guarantee that we will continue to work without threats, intimidation or new terms," ??the statement said.
According to the Minister of Economy and Sustainable Development of Georgia, Natia Turnava, the government has decided to provide a one-time assistance of 1200 GEL to the former employees of the company "Frontera":
"The 84 former employees of Frontera, who were fired by the company in December last year and who currently owe about 17 months' salary arrears, still remain a big problem. "These people are in a very difficult situation and we have decided that our company, the Oil and Gas Corporation, will provide a sum of GEL 1,200 to each person as a one-time assistance," Natia Turnava said after the government session on August 6.
NEWS
Frontera: The Georgian government has continued its disinformation campaign against our company
August 10, 2020
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The American company "Frontera" responded to the decision of the Georgian government to provide a one-time 1200 GEL assistance to the former employees of "Frontera". In particular, the statement states that the Georgian government has continued its disinformation campaign against the company, calling Frontera employees "former employees" and announcing its decision not in person but through the media:
"Instead of having a direct connection with the company, as is appropriate for a constructive partnership, members of the government have again chosen to make a public statement on a fabricated issue, the obvious reason for which is pre-election advertising. The public should be aware that the government has not even attempted to work with our company to find out or clarify facts about our employees. In return, they again made a wrong public statement about the so-called August 6th.
If the government was really interested in the well-being of our employees and the business that ensures the well-being of our employees, then they would not have casually spent 40 million GEL on legal services to terminate our contract through international arbitration against us in 2018, which ended in government failure. "The question is, why did they decide to spend this huge amount of money to kill private American investment, when they knew that their success would create massive unemployment and economic downturn in Tbilisi and Kakheti?" Deliberately uses the International Court of Justice as a weapon during the year:
"The only reason for this is to damage our business and our employees, forcing us to leave Georgia. In the end, their corrupt attempt failed, but I wonder who is responsible for the misuse of such valuable state funding in the face of Georgia's shattered economy? A two-year costly legal dispute alone did not prove to be enough for those who ordered it. At the same time, the government has created regulatory resistance to increase pressure, blocking crude oil exports and preventing the sale of extracted natural gas. In addition, we do not reimburse VAT debt Frontera Resources Corporation - 3040 Post Oak Blvd, Suite 1100 - Houston, Texas 77056 USA, which exceeds 20 million GEL. Is this the action of a government that"Who is interested in encouraging private American investment and long-term employment for the people?" According to the statement, then, 12 years ago, it was hard to imagine that a government would come that, according to the company, had removed the country from its pro-American and pro-democratic policies:The country has moved away from pro-American and pro-democracy policies:The country has moved away from pro-American and pro-democracy policies: