Member Info for Avi8r

"Can you believe it,it's like waiting for a bus then two turn up at the same time."

Wonder which one wears the trousers though...

Sarah1234 - why exactly are you here? With just 12 posts, you are not exactly an old hand, despite your professed knowledge and [lack of] expertise. Here to save us all from imminent disaster? Whats sad is that you also took time over the weekend to post, when normal people were having a life.

Do the board a favour and find something else to annoy. Jog on....

"just look at the history of frr....it really is groundhog day......wheres the cpr...wheres the investment.....and mean wile the management are extracting funds......please just sell"

Errrr, FRR is not listed - no one can sell. School girl error there Sarah1234. Maybe you need to make yourself a little clearer in your argument. Don't tell me, English is not your first language and if it is, no doubt you are going to impress us all with you sterling qualifications?

3 cases left:

SN requested delay pending outcome of similar cases at the federal level (Hope case) hearing date: 20 July 22 (3 weeks time) for arguments. Federal case rescheduled to 2023.

2) FIC case
FIC and FRGC allege SN and ZM breached fiduciary duties by approving transactions violating lending agreements plus failing to supervise & conserve FIC and FRGC assets. Court recently granted procedural motion for 3 additional lawyers to join SN legal team.

3) Mourant v SN, ZM case (non-payment of legal fees) - Texas
Trial date: 28 November 2022
ZM no longer involved, so this could now be easily settled or dismissed perhaps.

Just to bring things back in focus and on subject.

Consider the current spiralling fuel prices, projected to surpass £2.00 per litre soon, driven by the Russian-Ukrainian conflict, then contemplate the fact that all the legal claims here are slowly being closed. Now consider the estimated reserves, published some while ago, but still relevant today.

There is now a golden opportunity to bring this company back to market; the combination of supply and demand being met is a golden opportunity, and that metric will sustain for a prolonged period; longer than many here will need and beyond.

I don't doubt the board are also completely aware of this and trust they are making all efforts to ensure Frontera can return to doing what it should be doing, not extracting and refining oil & gas, but finding it and then identifying an appropriate company to undertake the rest. If I remember correctly, the figures we were entertained with suggested reserves equivalent or greater than Shah Deniz field, as operated by BP. Surely, if FRR can convince them, we are on to a winner.

Fingers crossed, this is the plan, but there is currently a perfect storm in the form of this conflict, which has no indication of abating any time soon, although some suggestions indicate August. Certainly seems the Ukrainians have run out of tanks and artillery to destroy and now going after Russian storage depots, so seems things are turning. But the key point is the oil from Russia will not be at our pumps anytime soon, so we need alternatives asap.

BLOE is another example. Currently waiting on news there, but if that is good then clearly that will bode well for FRR and we should feel more confident this can be brought back to market asap. The irony is that we should be trading now, not later, but patience is the key here.

So that leaves 3 cases left then:

SN requested delay pending outcome of similar cases at the federal level (Hope case) hearing date: 20 July 22 for arguments. Federal case rescheduled to 2023.

2) FIC case
In the proceeding, FIC and FRGC allege SN and ZM breached fiduciary duties by approving transactions violating lending agreements plus failing to supervise and conserve the assets of FIC and FRGC. The court recently grants procedural motion for 3 additional lawyers to join SN legal team.

ZM being no longer part of the picture this will fall to SN. I suspect he will argue the decisions were made without his knowledge/approval, as he has previously, and the matter settled in his favour. This may result in the return of all equipment and infrastructure which was seized by the liquidator, that judgement being/becoming void.

3) Mourant v SN, ZM case (non-payment of legal fees) - Texas
Trial date: 28 November 2022
This is likely a moot point as ZM is no longer involved, or capable of taking part. I suspect it may be settled pre trial.

Could we see 2nd & 3rd being wrapped up before trial given ZM no longer relevant or present? If so, that will impact FIC v SN (Texas) and possibly prevent that proceeding.

Opening the way for FRR to return to market within the next 6 months???

Being ignored by them is a failsafe approach. They have no idea who any of us really are, with 1 or 2 exceptions and even then they are extremely cautious in their responses. After the damage done by the likes of ZM and the other narcissist, winnifrith I don't blame the heightened security if its aimed at protecting the assets and finding a way back to market. If that can happen it will cause some serious reputation damage to the likes of winnifrith et al, and not before time either. Scum like him and his mates feed off the insecurity of others.

https://www.nytimes.com/2022/05/19/world/europe/russia-bucha-ukraine-executions.html

CCTV camera footage showed Russian soldiers leading a group of Ukrainian captives toward the courtyard where they would be executed moments later on March 4.

My interpretation means that the interlocutory appeals are now moot as the outcome of the trial on 4th March 2022 reached final judgement, rendering the interlocutory appeals unnecessary.

As Looed comments, court cases are being whittled down. There being now 3 (?) remaining:

1) FIC v SN (Texas)
SN requested delay pending outcome of similar cases at the federal level (Hope case) hearing date: 20 July 22 for arguments. Federal case rescheduled to 2023.

2) FIC case
In the proceeding, FIC and FRGC allege SN and ZM breached fiduciary duties by approving transactions violating lending agreements plus failing to supervise and conserve the assets of FIC and FRGC. The court recently grants procedural motion for 3 additional lawyers to join SN legal team.

ZM being no longer part of the picture this will fall to SN. I suspect he will argue the decisions were made without his knowledge/approval, as he has previously, and the matter settled in his favour. This may result in the return of all equipment and infrastructure which was seized by the liquidator, that judgement being/becoming void.

3) Mourant v SN, ZM case (non-payment of legal fees) - Texas
Trial date: 28 November 2022
This is likely a moot point as ZM is no longer involved, or capable of taking part. I suspect it may be settled pre trial.

Slowly, this can of worms is being dealt with and paving the way for the company to [hopefully] return to what it was established for and provide returns to investors in the process.

Interesting this meeting took place on 13th May, yet nothing has been shared from that meeting. Haywood was delivering "Block Energy Upcoming Projects" yet the company doesn't see the need to share this with shareholders.

Shame

I like the optimism of your price predictions but I think the truth will be somewhat different. 5p would be fantastic for me as I would then have a healthy profit. Certainly seems the demons of the past are passed now and things improving.

Let the action determine the results...

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...

Hepseal - you beat me to it, but I checked the RNS data for their figures.

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.