Member Info for Arsenal221

Even though it is very hard to believe that Frr are serious about the Dolphin project. It does very much look like they are & with everything else that is going on Frr would be thinking that the Georgia mess is under some sort of control. As if it was not how the f.c.k. can they have any funding for the Dolphin project, In the 1st place.
The saga though carries on.

Let's hope that if any of above does come this week that it is looking positive.

R8pilot
Good to see that you are still around.

Taffy
Thanks for info.
This is for the $2M/shares, is that right?

Sonny
Don't be surprised if you get some sort of negative slant from somewhere on what as you say, is looking a positive.
As always though we wait & hope on the default being sorted. Solet's hope on that coming about, sometime soon.

Sonny
Thanks

Tsbs
If it covers only Frr then as previously mentioned that is an increase of gas of around 21tct of gas + increase in the oil & on that being the case means either they have had a new CPR or it has been confirmed by a super major of which would be a big positive.

Prodigy
Think it has been said that the statement from Frr mentioned about total reserves within Georgia over the yrs not confirmed resources for Frr?
On above can somebody confirm.
Thanks

dg, the Transportation tab hasn’t changed but they have added back the ‘News’ tab - hopefully start of some news finally. News on operations, or new CPR or an announcement of a deal? Who knows but does all this tie in with yesterdays Court Order? I think so.

Pop - I always thought the DoS was a procedural submission and I never really gave it to much consideration. Once FRCC was put in to voluntary liquidation last May, it kicked-started a standard process and our task became hugely complicated and expensive. FRR tried to stop the VL in California via the TRO but failed miserably. The complication being that FRR had to move the PSA to a new entity and quickly.

Personally, I think FRR have either secured new financing or a JV deal but is being held up until B12 PSA has been secured in a new entity (Frontera Resources US?). Thursday’s court Order gave FRR some breathing space, maybe to finalise these arrangements, although whether this transfer is legal or not, well, let them argue this in the Georgian Courts.

Remember a creditors main motivation is how to best recover his money and not to takeover the company. Hope’s actions reminds me of that kids story, The Farmer & the Enormous Turnip. Hope thinks he is in a strong position and can just ‘pluck’ FRR out of the ground and keep it all for himself. Well, it seems this turnip is pretty deep and it will take him lots of money and energy to get it out.

As far as the Cayman Lawyers writ is concerned, I distinctly got the ‘feeling’ (from reading the court dox) that there was some collusion going on between them and Hope’s team; advising them to sue SN & ZM and to do it now! Again, just supposition but is it not a coincidence that just when Cayman writ was issued, bang-wallop, a new summons gets issued in Texas. Talk about putting our guys under pressure.

Anyway, at the end of the day, I still think we have a mountain to climb but we now have two instances where the Directors have issued their personal guarantees for the company’s obligations. The Caymans lawyers may face some delays in getting their money but they are hardly losing out with a whopping 20% interest rate on the outstanding amount, I am certain they will get paid sooner or later.

Anyway, I am more concerned about the YA debt, if no news there, I would be delighted.

All in my humble opinion.

fire
Not buried & proof of that I still read the 1/2 liners you like to post.
Enjoy

PJ
I did carry on reading Stars posts when he started to be negative, but in the end gave up, as could not see it changing. So filtered around 6/7 weeks back.
Generally now agree with the last 3 lines of your post.
All holders Enjoy w/end

One thing with all of this, is that the way in which Frr are have/are going about all this is not on the above.

I know that what Star kindly (not) posted earlier has without doubt put more doubt into on how things are looking .
There I feel, is still a good bit more that we do not have a clue on & also feel that there is, still some chance of survival.
Enjoy

regdik
Great to see your post & just maybe that is the case, as it looks like Frr are/have set up another company.

Would think that Frr know about the press release whether they was the ones who released it or not. So if they had not would be thinking that they would have made a statement on it. Overall as it is a positive release then normally any dodgy release would normally be on the negative side
As usual, it is wait & see.

Overall even though things are looking like Frr do have a future until some hard evidence arrives would say best to bit a bit cautious on it.

I thought that they originally was ours, but had a conflict of interest. So they stayed with Hope. Overall not to bothered.

I am just thinking now more then ever that this is all something not just big, but probably can use the word ''Massive''

Still though we need some solid confirmation that Frr will be having a very good looking future.

Zen
Think it was the firm that ended up working for Hope in Caymans

Thought would copy section below from court document that Earsbern kindly posted last night.

1. ALTERNATIVE DISPUTE RESOLUTION.
MEDIATION. The parties will seek to engage in private mediation in the next 120 days.
2. DISCOVERY.
On or before March 31, 2020 all non-expert discovery shall be completed by the parties.
Discovery shall be limited as follows: (a) ten (10) non-expert depositions per party; (b) twentyfive (25) interrogatories per party, including all discrete subparts; (c) a reasonable number of
requests for production of documents or for inspection per party; and (d) a reasonable number of
requests for admission per party.
3. DISCOVERY DISPUTES.
Discovery disputes will be referred to a Magistrate Judge. After the parties have met and conferred, the parties shall prepare a joint letter of not more than 5 pages explaining the dispute.
Up to 12 pages of attachments may be added. The joint letter must be electronically filed under
the Civil Events category of “Motions and Related Filings > Motions--General > Discovery Letter
Brief.” The Magistrate Judge to whom the matter is assigned will advise the parties of how that
Judge intends to proceed. The Magistrate Judge may issue a ruling, order more formal briefing, or
set a telephone conference or a hearing. After a Magistrate Judge has been assigned, all further
discovery matters shall be filed pursuant to that Judge’s procedures.