Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hi all, not posted for a long time, but read the board regularly in case this company ever does relist.
Did we ever get the full extended well test results for T-45? They must have finished testing by now :-)
Just thought i'd post that for a bit of fun, take care and good luck all!
Hi all, first time I've looked in for a month or so.
What's happened to the frontera website, I'm sure its been discussed before. When did it go?
I've thrown away enough money so I'd risk another £25
I think we really deserve an update and the company not commenting at all this year in unacceptable.
So a thought, as FSHG apparently also have had no contact and what we have over 400 members on that. Why don't they charge say £25 as a membership fee? That could raise around £10k, then that would fund a representative or two who would be representing a large number of shareholders to go to the states of wherever. They could go to the head office in Texas or to a court hearing etc.
I am fed up of being kept in the dark and just thinking of a way that we can obtain some knowledge directly.
TurkeyBurger, we do not know that the AGM did not happen.
As someone pointed out in the memorandum of articles it states something along the lines of the AGM will take place on the 2nd Thursday in April every year at the head office unless stated otherwise
This is a private company, they are not required to publish anything via RNS-R
EkXoc, I am not convinced about that.
If the YA debt is with the same company as Hope etc, then that company is in liquidation and the liquidators would be managing all the creditors. In my opinion we would not make the payment to YA if we were in liquidation.
Happy to be corrected, but as usual we actually know f all.
Well hopefully it is fake news as confirmed by YJ. If that is the case that means that they are still communication with the FRR board, which is positive as I didn't think anyone had heard from them.
I thought I remember at the last share holder meeting that they were doing seismic studies in Moldova at that time and that Moldova was next on the list over other blocks in Georgia.
pophead, if a dividend is paid then that is from profits of the company. The directors could pay themselves a bonus, increase thier salaries or modify the share allocations. They don't have to pay a dividend either.
The company is still running but we know nothing of the situation. Personally, I have written off the money, I still look in here and comment sometimes in case things do come back to light. If I could sell my shares for the 0.26p closing price on xmas eve or whatever it was, I probably would.
Will we ever hear from them again? I would hope so but we do not know. I do not like the fact that they have not responded to any emails that FSHG have sent either and I thought if Zaza would at least speak to Mole etc.
The gas and oil is only worth money if we can extract at commercial rates.
I completely believed in this company and went all-in, I have lost faith though with the complete lack of communication we have had in the past 6 months. The comms for the past 12 months in fact have been very poor, prior to entering the last share holder meeting everyone was peed off as we had no extended test results and comms had been poor for the 3 months previous. The talk of majors/super majors made the sprit much better though. There is only to two months left on the NDAs also, but we don't even know if they are still in place. As a private company they do not have to RNS-R anything.
Star, unfortunately I do agree.
Even if this comes good. It is very easy for them to exclude the shareholders from profiting from this, it does not matter how many shares they hold.
The thing is we do not know anything as we have not heard a single thing from them, which is worrying.
Surely we are entitled to see the end of year accounts though, which are due by the end of this month I believe. I don't expect any RNS's as they do not have to do RNS-R.
How is it a win/win for us Shareholders if they don't re-list?
We wouldn't be able to sell the shares and get any value.
The company do not have to pay us a dividend.
They can quite easily take a salary, give themselves bonus's etc etc to exclude us.
RR, I agree it sounds like the company is still 'alive' and in fact maybe they are doing well. However, as they are not communicating with us and are no listed on any stock exchange, we cannot sell our shares and we are not getting any value.
ZZ and SN will not lose out this, there are ways they can get money out of the companies without us having a say.
This is my issue, this is different to before, we are locked-in and just hoping for a relist or a dividend which imo would not be nice as you have no control on which tax year it effects and I would in my situation be paying 32.5% tax. Even if the court rules/ruled in our favour it means f all to us if we never hear from them again. The fact they are not responding to any FSHG emails is worrying in my opinion.
RR, not sure what you're on, but think it is time you started to accept your money has gone.
Then if you do get anything back it will be a surprise and a bonus as the chance of it happening is very very slim imo.
surely the figure quoted here is not just a coincidence!
Has Ukraine been the plan from Sept/Oct as the plan b? Meaning if hope/OMF end up with block 12, they will counter sue for $55.6m or whatever it was and move on to the Dolphin Block?
Something (well a lot of things) do not add up and we have been strung along for years and not communicating with the shareholders at all for six months is not acceptable. Even if they couldn't give details, they could state high level facts and say they are trying to create shareholder value which at the moment I do not believe that they are whatsoever!
The winner of the competition must provide a geological survey of the subsoil at the site, including the drilling of at least 5 wells during the 1st 5-year phase of exploration.
The minimum investment in this period will be determined based on the results of the competition, but should be at least 1.5 billion UAH (55.5 million USD).
Thank you guys for the email
I would imagine that the transcript restriction supersedes the previous statement that it can be bought. As the restriction is until September this could be related to the NDAs that are in place, unless 3 months is a normal period for such restrictions.
If it can still be bought, I am also happy to chip in.
Regarding the NDAs, at the last shareholders meeting I believe it was stated that the NDAs were in force for 1 year and if memory serves me right they were signed in August 2018.
RR wake up, Zaza has said a lot of things that are not true.
Both sides would equally believe they could win.
We were not even aware that this $2m interest payment was due!
The $2m was just the interest, as we have defaulted and refused to pay it in cash or shares it would be the whole amount that would be due rather than just the interest payment.
I accepted my loss a long time ago, if I get anything back it will be a bonus but am not expecting it at all.
Correct me if I am wrong, but the way I read the last court documents from FRR is that they seek an injunction as Hope has already started the liquation of not only one of the FRC group of companies but multiple.
If we do not get the injunction to keep status quo prior to the June 6th hearing date then irreparable damage may have already been done to the group of companies.