Member Info for Arsenal221

Have you link for Twitter video?
Thanks

Will add that Frr cannot announce extended testing, but at end of it not announce the results

As they announced T45 as testing & Dino then I would hope they confirm what the sustainable flow rate is.

I see that he and his fellow US Congressmen have tabled another resolution in support of Georgia, Moldova and Ukraine in the House of Representatives:https://civil.ge/archives/244870 10

No mention of FRR this time, so maybe this is just by way of a thank you for sorting things out…

On any other rns than the full yr results would hope it has its own rns

On an rns this week would hope that Frr will release full year results Thurs 7am & then 2/3hrs later the results on the oil, with a separate rns on UD2.

Yep - nice little tease. Strongly suggests news this week - not just the Year Ends

I’m in the TOT camp - every sense says something is going to happen on the gas. And I go back to why do U2 in the first place, just weeks after the WHI report that barely mentioned MK gas.

Because - in my view - someone wanted to see more info. I have said all the way through U2 is more about test than anything else. Any production is a nice by-product - not the main game in town. (remember Zaza suddenly wanted to raise gas money ahead of the oil - despite Tarabani being the official submitted core plan with GOGC)

Let's see, if above can start today.

Tsbs
Lets hope that the so called value that Frr like to mention, starts to show in the sp, very soon & on that side of it. We now need 200%, just to make it around 1p.

Sp is only down to share holders not onlookers.

🤡🐄🐗🐺🇯🇪🇬🇧

Hi Rothstein. On Ud, it started off so brightly with a well drilled to 5,000mtrs by the Soviets, high downhole pressure, and multiple gas shows, but I think the age of the well plus the hematite issue has been very difficult to deal with as reflected by the time it has taken them to clean out the well. However I do not doubt the geology or NS&A independent estimate that 5.8TCF of gas is recoverable on MK alone.

So now the important question is do FRR have sufficient data to close out a deal? Yes I believe so. Could Exxon be involved? Could be as they timed their trip to Georgia impeccably as Ud was being stimulated.

But overall I guess the frustration over the last two weeks has been the silence, not a word from the company on operations. In fact excluding the YA debt arrangement, it is nearly a month since we got anything. Potentially there are some very positive news to come, including initial oil numbers from T39, timings on when to bring Zone 9 on line from the 3 wells plus its intentions on Zone 13. Personally, I think the reason for the radio silence on Twitter is that they are busy with closing a deal either farmout or financing otherwise they would have droppped a few lines on T39 to keep the interest high. However, I will acknowledge that when the company goes quiet like this, it normally means they are dealing with something. If it is negative, it could have something to do with the Arbitration hearing or the YA payment. But I don’t think so because they have secured an investor for Niko and are closing out drilling operations. The comaomy is in a very healthy position compared to just a few months back.

Looking forward to the next 3 months, operationally I think they will tackle Zones 9 & 13 themselves with Dustin directing.

A very very very interesting week coming up…

Well, the week ended on a low, may be a combination of ‘still no op news’ and ‘manipulated selling’. What does that manipulated selling mean? Well, if you review the trades yesterday, after 3pm, 3 large trades went through at 0.35p in the space of 20mins, which on a Friday afternoon, probably cemented the fall. Now, it could either be a coincidence (someone came to the end of their treather and genuinely sold out), or morbid motivation by one of th shorters that this was roughly the same number of shares Zaza bought few weeks back. Coincidence? Not in my view. But I would say that you do not underestimate the motivations of these people, as recently demonstrated by someone trying to pass as me on the LSE BB. Anyway whatever the case, we are where we are, with an sp looking like a real bargain at 0.35p when there has been huge progress with the 3 oil wells and ‘is it/isn’t it’ well known as Ud. More interestingly, we had no word on twitter either, especially on the progress of T39, which was ahead of schedule as per the 25 May RNS.

Well, if you are trading this and bought ‘on the news’, then you will be feeling the pressure but if you are a LTH, hopefully we can ride out this artificially induced downward trend very soon. But what I can say that we will definitely get some news by Friday as the Y/E 31/12/2017 numbers have to be released by Friday. The company’s auditor is top notch in PwC but I am not expecting Y/E numbers to show any great as most of the drilling activity started from Feb-onwards. However the half year numbers to 30/06/18 will be more revealing and these have to be released by 30/09/18 latest.

So next week is going to be pivotal in many ways. I think we will finally get an operational update of some kind: T39-yes, clarity on financing for the next phase of drilling-maybe, Ud-yes (but my expectations are low now), and some guidance/timing on Zone-9 + Zone 13 (will probably frack themselves as they now some expertise and the high pressure pump).

The other bit is the payment due to YA but nice to see the oil price rebound strongly yesterday, so every little helps, I guess.

JMO

Above had seemed to have got things going for Frr, but he seriously needs to get back on track & release T45 results & Dino not long after, also an update on T39.

On UD2 results for that need to be released as well.

If above does not come about within days then sp will more than likely fc kg go lower.

No more kicking can. We need results this coming week & no more crap that sp does not matter.

dirk, SN will give you the hug if you ask nicely. Lol

Separate

Would seriously hope that the ope update, is desperate from any 2017/18 results.

Thanks

What is the tag for the rns?