Member Info for cannyscot2

:)

That's what I mean bedex. We just tend to give up because it takes so long to find something relevant. Have given up nearly every day this week.
Anyone looking at this board for a bit of info or even educated views will just think we are a bunch of raving lunatics instead of educated investors trying to make a pound. We are certainly not adding value 24/7 on this bb.
Friday night banter okay but take a good look at a few of the posts and try the filter button folks then you might not feel the need to respond.
Sorry to be the party pooper and the one to say what many are possibly thinking. Anyway have a great weekend all.

for all the relevant posts following recent news. Looking like a positive future.
Banter okay but a few of you really need to look at the crap you are posting on what is essentially a FRR discussion board (in case you forgot!!).
Just making it more difficult by the day for those trying to read relevant info.

mole read all your posts and agree. Final thought for the day. You have mentioned many times about the poor road (really just a track) leading from Taribani to road to rail head. It needs upgrading to cope with the increased traffic ie oil filled tankers. A good road does not have to be a tarred road. Forestry Commission in Scotland have excellent roads which take huge log lorries and other forestry traffic day in day out (at speed) and they are made of stone scalpings from the quarries on Forestry land. Just a thought if they are not yet in a position to pipe the oil. It will cost but not necessarily a fortune. There has to be material available to improve the road, even old tarmac mixed in with scalpings. And they could sledge down it in winter :)

no 22 on risers today. Just a shame it is at this level.
Positive RNS with some proper sustained production rates at reasonable levels and we could go up up up

good on ya Wy

Sound quality was not great but think Zaza said RNS 3 to 4 weeks? Did anyone else hear that? Overall still looking positive and will be interesting to see what they do with the wet gas in T39 and Niko if they do the deeper drill there too.
Looks like we are walking faster and breaking into a gentle trot over the next few months, producing oil to cover operating costs and hopefully enough to pay YA every month too. Re the two wells already on test prior to T39 - when production starts to naturally decrease during the 10 years they can drill to the deeper zones there too to keep them producing for longer? And Zone 9, although not prolific on its own from Dino 2, will also produce, hopefully on each and every well they drill over the next few years when lower zones slacken off. Once they are up and running with 7 or 8 wells, hopefully paying for themselves within 9 - 10 months (not mentioned specifically today) then options open on which zones to hit next when production of each zone naturally tails off.
Lots of positives and the fact that the two main men still have so much invested is a huge plus on top of the progress these last 12 months. If we are honest with ourselves, it was not going from almost bankrupt to the stratosphere within 12 months but steady progress should see this rise. If the hedge fund see success from Niko they could fund further wells in a similar way.
Ud2 of course was disappointing but as the months passed it was looking more and more likely to be unsuccessful THIS time but when time and funds available THE GAS IS STILL THERE till we go back and try again. Did mole mention V1 a while ago as a possibility for a sidetrack if UD1 and UD2 so close together and packed with **** from the old Russian operations.
Looks like a few are still seesawing stay or go but have we ever been in a better place? Probably a question for the long LTHs to answer.
Still looking forward to the due course in a few weeks to see exactly what we are producing and selling in the way of "light sweet crude" and wet gas. Looks like you are going to experience 36deg down south in next couple of days. The crews are coping with these kind of temps all the time just now and wearing safety gear so spare a thought.
ATB

Trades Vol. Sold Vol. Bought
112 45,023,597 45,090,652
It is not always accurately reported buys v sells but if these figures were correct then why down 6.90%
Are they frightening pps out of their shares? Are the MMs at it?
Holding tight till news breaks. Cannot be long.

We just have to sit tight and see what unfolds IF there are to be podcasts but without an RNS it is likely not going to be anything outstanding or new unless RNSd Going back to the results we are waiting on - I am thinking IF and I repeat IF there is a lower output after EWTs on T45 and Dino than we were expecting and T39 is 3 weeks into test, they could do a 30 day test on the already perforated zone of T39 if the results are as good as the initial flow there to regain support and confidence in the company. There is pressure on one side from disgruntled shareholders and pressure to take as long as it takes but if I have read it right they do have some previous info from when cementing did not hold up. Initially UD2 was to be 30 day test so why not this zone of T39? Just some thoughts to throw into the mix. It all depends on whether Zaza wants to settle nerves or is happy for s/p to go lower short term. I have not forgotten that they will want to book reserves. Perhaps Dino and T45 are flowing fine. We did see that train load of oil and if all containers were full of FRR oil then it was a decent amount. It is getting close to the year Zaza asked for and Paolo and Dustin will have been working their teams like navvies to get production and reserves on the books. As a group we just hate not knowing and unfortunately we just have to wait till we are told. Agree we do need something very soon to settle the wobbles. ATB

Morning!!
While we wait for results we are selling light sweet crude from all THREE wells and building cash flow. Payment 90 days from when each train load leaves the rail head. Income is all important and the EWT results for first two wells could land any day now.
As said, we are in a far better place then a year ago. Challenges ahead for sure but Niko 1 still to come and we should hear about 2019 plans in next few months. Due course soon folks. Aa the best.

Still waiting patiently on the due course.
Starter was great and main was good too
Had to suck lemons for dessert but the due course is still promising.
Shorts will get caught out one of these times especially if we get the due course sooner than they expect. If we totally ignore them they will fade away like before.

Would be disappointed if Dustin has moved on but he has to go where it is right for him. He has done a great job this year. Hopefully the door still open for him to return IF not still there.

Wy, the party is on hold till the due course arrives but not cancelled.

we have had the starter
we have had the main course
we have cleansed the pallate (UD2) not quite the dessert we wanted
now we can look forward to the due course
:) :) :)

Zaza told us way back that their expertise was in the oil but they were taking a shot at the ⛽️ and no plans beyond UD2 for at least 24 months in relation to gas. Shame about that old cementing job from 1981. Good news is that the gas is going nowhere until they work UD1 or UD2 with a sidetrack in the future. Back to the oil. Will feel more comfortable when Dino and T45 EWT results released T39 looks really positive. It is all about sustained flow rates during EWTs. And see how they deal with the wet gas at Taribani. Any experts know? Yep proved the gas ⛽️ is down there too as said previously. They are confidently and successfully going into deeper zones and dealing with YA from oil sales. Thinking ahead to winter and the state of the track along which the tankers take the oil to railhead, Mole said it is a terrible road so perhaps a solution needs to be found to get the oil to market. If Niko 1 is planned for November and no further work announced prior to that it looks like the three existing wells are going to keep them busy up till then. Not long till they will announce plans for 2019. And then there are the monies due to be paid out in 2020. Sustained oil production has never been more important for the turnaround in 🔮 for FRR. There are 💼 of 💰 under Taribani. Just need to keep proving it and getting it out of ground. Usual knee jerk reaction saw s/p go down but recovered somewhat so back to the waiting game for the patient holders. Learning that o and g is a long game. GLA

Not too long to wait to find out what's happening as Aubree said earlier.
Zaza could be writing up THAT RNS as we speak. We can but hope so anyway. GL

Or are the MM's sitting on a bucket load waiting on the herd arriving?

I did say that, yes. We don't know when they may have bought in. The price has been held at around present level for around a month now by fairly even buys and sells. A few chunky ones of both buys and sells even in thin volume.

Majors could have bought in at any time over the last few years. Just like everything else, we do not know. Remember the day last year when (from memory) the guts of 1bn shares changed hands because we all thought the gas was a given. Sp has never risen to those heights since (was it .88p?) There were a lot of high volume trading days around that time.

Just like everything else we do not know. It is definitely a possibility. 15.77 billion shares out there and we have no idea who owns them apart from Zaza saying more than 70% private investors and then there are the director & family holdings but could still be some unaccounted for. Not saying anyone is building a huge stake apart from what appears to be one at 4.4% I was really meaning they could have an interest via shareholdings, not necessarily huge. Only a possibility.

No intention to mislead anyone.

Good research. 20.27 post especially interesting if you put an FRR spin on it. As we always do.
mole. always read your posts fully because they are so interesting and great background on the FRR story.

Background noise from attention seekers again on bb but the filter button is a great bonus.

Another day closer to something but what is that something? Getting exciting now, even if it is also excruciating for those very heavily invested.

We might just be surprised if we knew how many majors have a stake in FRR via share purchases. We just don't know how significant these holdings are as there are lots of ways to disguise holdings.

Still in the patient corner as always to let the major planets fully align then hoping Zaza can let rip with some good results.

Best of luck to each and every genuine holder. We are all in it together, paid our money, took our chance no matter how long ago, 7 weeks, 7 months or 7 years and no-one held our arm up our back or a bang bang to our head......................even if our better halfs would like to because we have been banging on about the potential for so long.............................

Agree

Again, we don't know. Just have to sit it out and hope for constructive and informative real news!!

will have to be fairly soon. They are working on the 4th well and still no EFT results from the first one. Thoughts are they cannot spin it out for much longer even with all the political goings on in the background. Drilling commenced in January (with exception of UD2 which was being re-fracked) so now 6 months in.
We know what we know. Some of us think we know what we don't know. Some days we don't know what we know.
What does Zaza know that we think we know? Can't allow it's revelation now. Reasons? Will only become apparent when he reveals results and new non exec director. Perhaps if the ii reaches 5% we will know a little more, Whoever put up the funding for Niko 1 wants more than their money back and an ongoing 30% of production. Good deal for FRR but deffo more to it than that. Clues around in real news which will be revealed when all in place.