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Ukraine restores the railroad bridge that has been blown up by Russians in Irpin (close to Bucha). The ministry of infrastructure: more than 30 river bridges (auto and rail) have been repaired in less than a month. Ukrainians don’t wait for the war to end to start rebuilding
https://twitter.com/Mylovanov/status/1522976325706821632?s=20&t=sBVlh89hKqAb2cWxaVGDgg
I dare to say it but it all seems that these could be the green shoots of something promising.
It would be interesting to know what legal claims/issues are outstanding and times to completion to present an overall wider picture, which in turn may allow calculations of any potential return to market. Clearly there is confidence in the company given the recent investment in lobbying and these Chamber of Commerce meetings at high level with government support/engagement.
Despite the time its all taken, no one has turned the lights off and now in the current situation Georgia has imposed a greater focus on its world standing resultant of the conflict on its northern border, encouraging membership to the EU brought forward from 2024 to March 22.
There is no time like the present to exploit the oil & gas the country has and FRR once ideally placed to deliver that, suffered at the hands of ZM with ulterior motives, however under the current climate that opportunity is unlikely to ever be better and I hope all these events we are witness to are expedited efforts to bring the company back online.
The next 6 months should be very interesting as political and business matters increase in pace.
Oh dear. All subjective and completely unsubstantiated waffle from someone with 1 post, 2 if you include the repeated diatribe. Where is the evidence for your assertions? Otherwise its all merely conjecture and meaningless opinion amounting to a poor attempt to appear clever.
Its not just about bombs and bullets. To understand war with Russia you need to understand Russia's thinking of what war means to them.
Russia’s current leaders believe their country is at war with the Euro-Atlantic, whether the countries of the Euro-Atlantic recognise this or not. This belief is deep-seated and reflects an incompatibility between how Russia views the world and how the countries of the Euro-Atlantic view the world. It is this belief that drives Russia’s hostile actions across a range of domains -- including in cyberspace, in disinformation campaigns, in assassinations of its own citizens as well as foreign citizens abroad, and in attempts to destabilise countries.
Almost 15yrs after beginning to reorganise and upgrade its armed forces, Russia’s military is now both stronger and more influential than at any time since the end of the Soviet Union.
Its irrelevant where funding is coming from. What is important is that someone or something considers it important enough to fund lobbying. However, to answer the question, look no further than SN, the son of a wealthy oil man Constantine Nicandros who spent 39 years at Conoco, president and chief executive from 1985 to 1995, then chairman for a year.
As has been previously mentioned, SN is attempting to emulate his fathers success, where the wealth is from. Clearly keeping the lights on for a reason...
Simple RNS search reveals Ferguson bought 318,951,218 (5.38%) on 22.05.2019 @ 13.40p. Fitzpatrick bought 615,159,664 shares at circa 3.3p on 5 January 2021. Combined cost £63,039,731
Assuming the offloaded shares over the last year where the average has been circa 1.2p, thats a loss upwards of £39M or thereabouts.
"is it possible that one SM has already been in and seen the data"
If I recall correctly, it was BP and Repsol. There was mention of MOU and also details provided as part of the court papers that BP had been provided with certain data.
Guys, if you suspect a page or information exists then a simple google search will clarify. Use the search function, ie; search site:https://www.frontera-resources.com, where 'search' is the term or dataset you want to confirm. Google will provide the result.
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Thanks also to Looed for keeping the hope alive over the last couple of years, from the initial trials in the Bahamas to New York, Texas, California and even international trials. ZM turned out to be quite the villain and we all thought Hope was bad. Its like a 3 stage opera.
August is not that far away by comparison and as things are slowly revealed it will come that quicker.
My thanks to you and all the long term long suffering investors.
i think its desired moniker is incorrect; realslimeyknob
Thats great MP, thank you for posting those details. Very much appreciated.
Madpunter - were you the one that provided detailed calculations based on all the available data to hand at the time?
See CHAR are experiencing gains following announcement of 1tcf gas with some brokers suggesting a conservative 50p target price. How much did we have? Was far more than that and I remember some-one providing detailed justification for a £1.50 share price here.
As long as the dog twitches there has to be hope
"As already stated by others this will be key to Block's future in the short term, if Block can replicate the success of JKT-01Z (assuming it is a success) then as Chesh says I think 1.7p will be history."
History potentially, but it will not double in price. I suspect history will loom large and unless results, and more importantly, inter alia, performance and confidence, is returned this will stagnate around 2p.
"Is 101 volume a signal ? Or am I being overly confidently superstitious"
Yes, you are. Nothing will change here until things change, productivity is consolidated and confidence restored. For the impatient cheerleaders it's not going to rise substantially, break 2p or 16p any time soon. The best we will likely see is a consolidation around 1.7p IF and WHEN flow rates are stabilised, 2nd side-track is proven up and contiguous progress confirmed.
Far too many people here simply don't know the history . Were they cognisant with the facts it would be a far more reasonable and rational commentary.
-Breach of covenant not to compete
- Request for permanent injunction
- Request for recovery of costs
What about the California proceedings? I understand these apply to Texas and California laws are different in respect of breaches of covenant. However, this could set a precedent and pave the way for similar orders in other jurisdictions.
Slowly slowly it seems to be drawing to a close. Once thats sorted and this malfeasance is behind the company can look forward to a brighter future, starting with a long overdue investor update.
Agreed, February should deliver more news and developments, but rising demand and prices will help BLOE income stream.
I would expect to see confirmation of the 12 sidetrack explorations, preferably with dates and sequence. JKT-01Z reported initial production rates of 344 boepd (241 bopd. 17,500 m3 gas/day) coupled with the comment that production rates were constrained to remain within the safe operating limits of the existing gas infrastructure at larger choke sizes. It will be interesting to see how that is addressed, but consolidates BLOE position further, hopefully allowing the latest shares in lieu of salary to be the last, or at least one of the last times required. If they can improve the infrastructure to allow for greater rates great, but obviously a trade-off required.
Despite all the conspiracy theories, some which have credibility based on last years failed take-over, the price is likely to remain in this range. Action and [positive] results will move the price. Could very well be an interesting month, but its miles away from the highs of 16p in May 2019.
February could well be the beginning of a long overdue improvement, but Haywood also has to rebuild his credibility.
Good to see all the hysterical posters have, like hyenas, have moved elsewhere. Some of their behaviour is worse than petulant children who cannot get their own way, resorting to screaming, shouting and pure vitriol in their attempts to grab attention. They ought to be completely ashamed of themselves and a ban to reflect on their misguided behaviour and manners would not be overdue. To suggest crash landing in the Atlantic after Air France 447 is just sick and that poster ought to be totally ashamed, particularly with their goading of others.
Other posters are also complicit, thankfully departed now, while BLOE works towards consolidating processes following the recent success. The future is now a little brighter, the market is down overall, there are tensions around the world and this is further exacerbated by matters between Russia and Ukraine, with NATO and its contingent offering 'resistance'. Its always been thus, but it creates uncertainty and the market exploits that.
A hold for now, once again for another time, and let's see where this goes over the next few weeks. Hopefully without the childish cheerleading and pathetic name calling. People seem to forget why we are all invested.
Amazed at the lack of excitement by all the cheerleaders over this. Thought they'd be over it like a cheap suit.
· Good progress has been made with testing at JKT-01Z, with initial production rates of 344 boepd (comprising 241 bopd and 17,500 m3 of gas per day)
· Rapid monetisation of gas and oil production is expected to make Block's monthly cashflow positive
· Nearly $500,000 additional cash revenue per month, based on current production rates and sales prices
· No LTIs, with time and cost to drill beating forecast by 20% and 10% respectively
· Over 30 per cent higher gas price achieved in Georgia, effective from 1 January 2022
· Success at JKT-01Z significantly de-risks and enhances optimisation of future drilling
· Twelve further sidetracks, analogous to the JKT-01Z, being assessed, including re-completion of the WR-B1 well
According to one excited poster this will now send the price in to orbit.... (decent flow rates(200-300boepd) will send this in orbit!! imo.)
LOL
"One of the three is a Partner specializing in fraud, and the other 2 lawyers are from the IP group."
A very interesting development. Fraud is a particularly difficult claim to prove and even enlisting a specialist in fraud does not guarantee success, but does however, indicate the depth of the problems dealing with. Intellectual Property (IP) lawyers are another interesting appointment too, which will also serve to underpin the fraud claims.
This should bring the matter to a close and if ZM has no funds or decides not to defend, it could be game over for him. Lets hope tensions in Ukraine ease off, there is no appetite for conflict and people are realising the futility of that. Despite the complications, and Ukraine is, nor will be, a NATO member, I suspect things will return to normal.
Roll on the closure of this saga....