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In that interview ZZ does say that production in covering YA payment & operational costs. So on that basis I would presume that Frr have revenue of at least $1M per month, if not more & date of the interview is 26 July.
I am thinking that 500bopd amounts to just over $1M per mth of which, is not a bad bit of revenue each month.
As usual though we need confirmation on flow rates through an official Rns.

If it works out that way then going on how things stand at the moment that would sill make furture & so look massively positive.

Maybe above?
🤣

DB3
On what you say, just might be right & lets hope so.

I think the above applies to sp fairly well & Frr going all quite on us over last few months or so.

Lets hope this has a change around very soon.

Enjoy
:-)

Sp making 1p has near on taken over from 5p.

Deeper & Down

Status Quo

Wish we could say something opposite to above.

Timster
Think Frr might need another ext on testing.
🤣

So this has been ongoing since Nov 2017, maybe a few months before.
So lets hope that in that 8/9 months they are not far off coming to some sort of agreement.

Overall it would have been good on a Rns, just confirming when they had started on testing 9, 13 & 15, if that is the case then it would have given sp a chance of staying a bit more positive then it has.

When ask has moved into 40/50s would be interesting, but 1 or 2 points up mean absoulately nothing.
So still waiting

I don’t think so, Devex.

Frontera also tweeted on 1 June about Georgia’s strenthening economy:
“#Georgia’s #economy grew 5.5 percent year-on-year in the first four months of 2018, preliminary official data showed on Wednesday, up from 4.2 percent in the same period last year.”

I think this tweet was along the same lines, to advertise the robust economy of Georgia, rather than point towards any funding from BoG.

I admire your optimism however! The bottom line is we aren’t going anywhere until Zaza gives us some good news about Taribani oil production from Eldari A. Alternatively, confirmation of funding received for Niko on 1 Sept would also restore some confidence, if Zaza feels he has to wait to co-mingle Zone 19 news with Zones 9,14,15. Unfortunately my gut feeling given the lack of timely news is that Eldari A is not producing very much (<250 bbls/d? with EWT) and Eldari B is now going to be the focus going forward. This was made quite obvious from the recent WHI report. This means extra funding and the next trick Zaza has to pull out of the hat would be where to get this money from without further dilution. I doubt it will be from the BoG or the EBRD.

I think our current SP fairly reflects our perceived operational ‘failures’ to date, and it is down to Zaza to release an update soon to try to restore some confidence. It is sad that PIs have to clutch at straws like a picture of a gas flare or tweets about BoG’s profits to try to maintain enthusiasm and faith in our company, which will only be resolved by a detailed RNS regarding our operational milestones. How many days into EWT now? I’ve lost count. Maybe they’re drilling into Eldari C as well?.. why not eh?..

Seriously, still heavily invested, still waiting…
ATB, Champion.

Christmas 2020
🤣

Was originally hoping on somewhere not far off 1.5p with positive flow rates now though reduced to in 0.80s & even that most definitely not sure sp will make that mark.

So not matter how you are looking at it the sp is looking total crap & if Frr don't come up with positive flow rates soon then this will probably drop even more.
Enjoy
😁

I would have thought that GOGC cannot just say they are thinking on arbitration then leave it at that of which would obviously hinder Frr.

So as it was a few months back already, it was mentioned, lets hope on something on it coming out soon.

The part below does read very well & positive for coming weeks/months.

Our estimate of the fair value per share of 0.82p had been premised on a risked valuation of the development of the Eldari A formation, which, depending on ongoing production tests, may not reflect where future capital allocations will be prioritised. For this reason, we are placing our assessment of the fair value per share under review.

So my take as follows:

WHI will have talked to FRR in detail prior to this update - will reflect FRR thinking

They are trailing the possibility of Zone 19/Eldari B first, followed by co-mingling with Eldari A once the divergent pressures are equalised

The whole tone is that the resource estimate from NSA in 2005 is understated. I wouldn’t be surprised if NSA are already in this loop re an update to the CPR. Which in my view takes us back to preparing for a reserve declaration at some point - possibly linked to funding

it also implies that the original economic model from last year understates the long term value of the field

As most holders will have expected the strategic plan will no doubt be re-based - with the likely focus being on Eldari B first, then Eldari B and mainly from single wells. In reality I suspect there will be combinations of approaches dependent on location.

It also seems to reinforce the view that the drill techniques are now able to deal with the geology, at least thus far, again crucial for any move on reserves

So could we see an updated CPR in the near future? Quite possible in my view

Thanks

On mobile so cannot copy & paste, but worth somebody doing it from ii.

😁