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As others have suggested it wouldn't surprise me if FRR have withheld information for the jury trial. The were denied TRO and then injunction in Cali. If the lawyers knew the asset is safe in the event of having the injunction denied, then there is no benefit in showing all your cards at this stage anyway. Either way, the longer this drags out, the more operational progress is being made and the higher potential sp IF we relist. I am feeling positive!! It could could could just be the perfect storm for shareholders. GLA

"looking at what competitors will say"

Well we are also "interested in what competitors will say" and whether they can commit to $1b+ investment!

Quite often big takeover deals can involve part cash, part shares so I wouldn’t be gutted with a nice divi payment upfront as well as some BP shares. I think seeing some cash in my bank account by Christmas is not unrealistic if manage to come through this mess

I just googles seismic vibrator on my work laptop and it took me to another site

So we're all agreed then. Very good chance some form of deal has been done. Very good chance FRR can come out and paint the very bright future for shareholders in the next few months. Relist at anywhere between 3 and 10p by Xmas. Shorters screwed. Sounds good to me. Happy days! I actually had a dream last night that we were taken out by BP for £49b haha

The fact is we are STILL ALIVE and paying the bills which means we are making money, and/or have some serious backing, and we are making enough to service all debts, not to mention satisfy lawyers that we can pay their no doubt huge bill. Like John McClane we are very hard to kill and have the skills to take out a very nasty enemy. I am still hopeful, even optimistic, about a positive outcome here.

My god, the emotional swings on this bb over the last 6 months.....if you didn’t laugh, you’d cry! God I hope we come out of this. The declaration of solvency is the best news in ages

Thanks guys. I don’t know how I missed those posts. Much appreciated

Tsbs - sorry I missed this. What were you told by the liquidator? Thanks

****!

Shafqut I agree with you. Saw this with the KRG and GKP. These countries are desperate for small AIM companies to develop their resources and more than happy for companies to issue shares like confetti rather than paying their share of costs. I am sure they could part with 10% if the circa $400m owed ffs!

I think that is safe to assume that any PIs who have sold in the high teens and applied for excess shares, and been denied due to oversubscription, will be rebuying on the open market as soon as they have their cash back and this will fuel the rise

Greed = “when being able to turn $4m into $30m is just not enough return”

I hope you guys are right about injunction. I am not a lawyer but a TRO is one type of injunction and that was denied. And people were using the granting of the Cayman injunction as the rationale as to why the TRO would be granted. I hope and pray the judge gives careful consideration to this as the ramifications of a hasty denial will cause irreparable damage.

:-) RR it is very stressful for all of us, well at least those of us who can’t bring ourselves (or afford to in my case) to ‘write it off’! Good luck to all of us

I am sure he does on the fiduciary claim RR, but at the end of the day Zaza signed a document which hands over the asset on the outcome of a default, and then defaulted. In that respect, it is 'black and white'. However, there are factors that led uyp to this...an orchestration by Hope to cripple the company and force this. Does that mitigate Zaza's decision to defalt? We think so! I think a Jury would too. But is down to the judge to decide. He may give FRR the benefit of the doubt and maintain the staus quo and grant injunction, or he may just consider the default on its own, and not the extenuating circumstances, and deny it. It is subjective and own to the judge.

Agreed it is not his first rodeo and I feel Zaza has seriously underestimated him. Clearly the granting of this injunction is crucial.

This whole situation is totally FUBAR. I agree with RR's comments yesterday. A thief has reached into my pocket and stolen my money, and then had my pants down and fed me the fat.

Surely the status quo has to be maintained in order prevent Hope liquidating the rest of the company. After all, "oil and gas production Frontera currently provides the Republic of Georgia is an economic boon to the economy". we must be producing significant amounts but it all means nothing if Hope is able to liquidate the asset.