Member Info for Arsenal221

On the talks would think that the other Major that has been mentioned would have by now seen all the data needed.
So if the can be a fairly quick dealing with Hope then news on talks should hopefully be very soon after.

As one of which Frr have a MOU with, is a service provider & the other maybe a S Major which Frr are still in talks with then there would not be a bidding war.

Shorters are likely to be a good part of the reason the sp, is so low in the 1st place & as it has dropped again that will have likely pleased you.

So on the above the shorters do you a favour.

All real holders enjoy the w/end.

Timster
I generally was thinking along the same lines.

Update before Christmas.

Even though it would read better on Frr signing a deal with BH & Exon.

It would still be very positive on it being BH & SCH, as increasing in production would still increase much more rapidly then if Frr was trying to increase it on their own.

So lets just as usual wait & see of which hopefully there will be an update on BH, also on the other Major that has been mentioned.

A carry on from the 2 posts from yesterday.

Hi Dev,

Just catching up after a weekend away with friends but glad to see that you have joined up the dots. I would just add one more thing to the mix insofar as John Bolton visited Georgia around a month after the meeting in Washington.

Here’s a repost of the article posted by EyesonHawk:

"US President Donald Trump’s Security Advisor John Bolton stated in Tbilisi today that Georgia is of the highest strategic importance for the US.

Responding to a question about corruption, Bolton stated that before coming to Georgia he met with representatives of the US Chamber of Trade and asked them questions about the situation in Georgia in terms of corruption.

I was told that there is a certain level of corruption in Georgia, but this level is the same as in many other developed countries, in the US among them,” Bolton said.

Bakhtadze further stated that the situation in the Georgian occupied regions and possibilities for a Georgia-US free trade regime were the key issues discussed at his meeting with Bolton.

Bakhtadze called Bolton a “true friend of Georgia,” who is taking steps to further enhance Georgia-US strategic ties.

Bolton has also met with Georgian Defence Minister Levan Izoria, and the officials discussed the 2016-2019 agreement between the Georgian Defence Ministry and the US Defence Department.

Steps included in the document are being implemented successfully,” the Georgian Defence Ministry said.

Bolton praised Georgia’s contribution to international peace and security and reaffirmed US support for Georgia’s sovereignty and territorial integrity.

Earlier today Bolton met with the Georgian Interior Minister and the head of the State Security Service."
Article: https://en.trend.az/scaucasus/georgia/2971579.html 6

I think that Bolton was almost certainly briefed by Steve Nicandros in his capacity as a board member of the US Chamber Of Trade, and his visit might have directly led to the culling of senior people at the GOGC.

So with these interventions a major thorn in FRR’s side has been removed and I don’t think we will hear any more about arbitration over the terms of the PSA unless it’s to state that it’s been resolved in FRR’s favour. It would be nice if we get such a RNS prior to the big bang as it would derisk the investment enormously in the eyes of those standing on the sidelines, and in those circumstances I think I would feel obliged to cash in one or two of my other investments and go really large on FRR.

Anyway with the big seller seemingly finished it won’t take much to get this stock into breakout territory, so next week should be interesting.

Hi ToT. Have had a busy few days – and surprised that no one has commented on your excellent post. To me this really is another indication of those secret ducks lining up, but to draw this conclusion you have to join a few dots.

First add to what you have posted this – reported on 13th September:

“From January 1, American companies will operate businesses in Georgia more easily, stated the Prime Minister of Georgia, Mamuka Bakhtadze, at the International Conference organized by the McCain Institute and Economic Policy Research Center (EPRC), as reported by Imedinews.

The Financial Times Editor asked the Prime Minister to comment on the cooperation with the US President’s Administration. As Bakhtatdze said, US-Georgian relations in the security sector are at the highest level, but it is vital to deepen economic collaboration.

“We are trying to transform Georgia into a business and tourism hub. We expect to extend cooperation ties. From January 1, we will implement a new economic and tax reform which will be directed towards American companies to operate businesses with ease in Georgia. We are attempting to develop relations with the US in every sphere,” the PM stated.”

Of course our old friend Damon Wilson was a key player at the same conference. And recently we had confirmation of $150 million being allocated in the Georgian budget to fund company tax refunds in 2019. FRR claim they are owed $6.4 million.

Also Interesting to note that Exxon have committed $2.5 billion dollars to developing the deep sea Neptun field off Romania. And we know that they really struggled to get the Romanians to deliver a reasonably supportive tax regime.

Then remember this. At the Tbilisi meeting Damon Wilson “invited Mamuka Bakhtadze to a high-level meeting to be organized by the Atlantic Council on September 24 in New York as part of the UN General Assembly. The top managers of leading US companies are expected to participate in the event.” Unsurprisingly there were no reports following those meetings.

The first Exxon initiative into Georgian oil and gas exploration followed within a month of these events. Coincidence? I don’t think so.

Now of course you could say that all this has nothing at all to do with FRR, Baker Hughes or perhaps Company XX. But there really are so many other links. Mamuka Bakhtadze seems to be running at the speed of light – changing everything – and all with an amazingly pro-US angle.

I really wish I could add more to my holding here but am pretty much all in now. And very confident - touched with a good degree of patience.

The short term SP here is an utter irrelevance in my view

Seems that it has gone a lot further than getting rid of the head honcho:http://bpi.ge/navthobisa-da-gazis-korporatsiis-top-menejmenti-srulad-sheitsvla/ 4

The top-management of the Oil and Gas Corporation has been completely replaced
November 13, 2018 59 Views

Tbilisi (BPI) - The change in top management of Georgian Oil and Gas Corporation.

After the departure of Davit Tvalabeishvili from the corporation, the position of the Director General is vacant again, Givi Bakhtadze is the director of commercial issues.

The Board of Directors has been fully updated. Tornike Gotsiridze, Acting Director of Commercial Issues at this time, Archil Dekanosidze has been appointed as Director of Technical Issues. He was the deputy of Zakaria Avaliani.

The financial director was Omar Ogbaidze who replaced David Vardiashvili. Ogbaidze was an adviser to GOGC in relations with investors.

The management team joined Ekaterine Sisauri, who was supervising the corporate property. Sisauri was earlier the head of the State Property Agency.

Davit Tvalabeishvili moved to the position of Chairman of the Board of Governors of the Georgian State Electrosystem. He replaced Sulkhan Zumburidze on the post."

This follows on from Steve Nicandros’ letter to the Ministry of Energy a while back accusing the organisation of corruption and incompetence, and it seems that the new Energy Minister has made a clean sweep. This is music to this shareholder’s ears, but it might also explain why there is currently a bit of a news hiatus, in particular relating to the well plan for 2019.

Tot

GGP

Her last post on gkp bb on Weds.

zeps
I am with you on that & sure there are many other L/T holders are as well.

Seriously would think that on Frr coming up with the goods over next 4/5 weeks then we will not need to worry on how the £ is doing against the $.
On the above as flow rates are still hidden under NDA of which having now been going for a good while then there would hope on a serious chance of very positive new sometime soon.
Enjoy
😁

bedex
Agree 100% on what you say.
Let's hope this does not take as long to sort out, like it looks at the moment.

Stay positive for the future.
Good luck
😁

🤣

If I could tick this post I would do, as Dev clearly shows in it how good Frr are looking.

Exxon have thus far invested $2 billion into Neptun, and the expectation is around 5 billion cmpa of gas by 2025 - no oil as I understand it. It is a deep water field in the Black Sea so very costly development, and the political approvals were only finally given a month or so back (involved the tax treatment of the field). Exxon are in the process of reviewing tenders worth around $1 billion to enable a pipeline to shore and to network pipelines.

So how would it compare to FRR/Georgia?

Georgia is no 6 in the World for ease of doing business, and has signed up to the European Energy treaties
The US regards Georgia as a critical ally in the Region
All onshore
Block 12 is now pretty well researched plus adjacent fields. And deep well conventional oil and gas has recently been confirmed, taking oil extraction costs below $12 per barrel. Read cost profiles across to gas extraction.
FRR offers a US partner
FRR now have an MOU with the world’s leading oil services provider
Block 12 has a lot of gas, and a lot of oil. Probably adjoining blocks as well.
A number of completed international pipelines pass through or are close to Block 12, with spare capacity
Exxon recently took a 2.5% stake in one of these pipelines
I could go on but a pattern emerging I think

Agree that there is to much talk on the other Major is Exxon.

If it is then obviously a Massive for Frr, but if another then still will look very positive for moving forward, including sp.

regdik, you are one of the important posters on this bb & keep up the great posts.

Closing in on some very good looking rises.

😁