Member Info for cannyscot2

Would think all that is going on is at a delicate stage. On the ground, in court and in the boardroom.
Agree the last thing we want is further damage because info gets into pd.
Relying on Zaza to give us an update via RNS Reach when he can do so.
No doubt they will be glad to know they have the support of so many s/h via FSG team and that we will not be harassing them for info until CC settled one way or another.
Thanks to the FSG team for all your efforts so far. From a verified holder minus user name on here.

So much wish you to be correct CF73. Dire situation to be in. Would not like to be the one to call it either way.
As you say it partly depends on whether there is anything else re unlawful interference.

We will likely know our fate soon if it goes the wrong way. If it goes in our favour there are still a lot of things to sort out. Finance would help but would be gutted if court finds in our favour and then Georgian Gov't sweeps the rug out from under us.

posted on here when delisting announced - said he had spoken to Zaza who intended to continue s/h meetings and update s/h via own website and RNSs via (someone help out with the name). Yellow Jersey would not imvho have stated this if not asked to.

We have to let them get this court case behind them. Then and only then can we start to ask or in some cases demand what is going on.

Pyro - you could use the "contact us" on his website and just politely ask?

ignore that. He is still showing

You know who not showing as a Director on FRR website? Recent or not?

Congratulations and best wishes LL

Yep!! Life is too short. Fed up of doom and gloom.??????
We are helpless to change outcome so just taking
a leaf out of RR's book for a change?? ????

For a minute let's dream and assume we win case with damages in our favour set at around amount of loan notes face value or above. If OR do not have liquid funds which would likely be the case then the only option would be to cancel the notes. Niirvana!!

Then we really get going with a 60m loan to fund production with two or more majors. SAOG sees progress at last and cancels arbitration proceedings. We move on to produce oodles of oil and gas in partnership with BHGE and BP. Then we get things moving in Moldova. No harm in dreaming. If Carlsberg did scenarios................

unfortunately knows no bounds. Just have a look at the case going on at Southwark just now. Going right back to 2007 bail out of Barclays by Qatar - 11 to 12 year old emails and phone calls being used as evidence.
Should therefore be no problem going back to 2016-2017 for FRR case and any interesting emails from/to the TW gang/YA if they have any involvement in our current woes.
If, and it is a big if, we relist before 5 April which would seem a much too short timescale then two years ISA allowance could be available (£40000) plus CGT allowance for each year £23700 (£11700 and £12000) if selling, which would help most investors using ISAs as tax wrappers and anyone wishing to sell a few without paying tax, always dependant on what the s/p would be at the time. There is also the chance for some to offset any losses elsewhere. Those with shares in SIPPs would see a value against their holding again, otherwise no change as can remain in SIPP while delisted.

All in all, if we relist there are options available to all. It may just take more time for some to get shares back into tax efficient wrappers.

That all said the main item on the agenda is getting out of the situation we are now in with an ongoing court case, likely crucial to funding as well as relationship with two majors and then arbitration on the horizon.

mole - your post is bang on, eloquent as always and if I had seen it (too busy composing my own effort) I would just have ticked up yours and said nothing.

We have had patient January and thinking the nerves in general will get frayed again during February so some sort of news would be welcome. Not going to affect the daily s/p after all so a little clarity within the next few weeks please Zaza!!

Rainbow. Interested to know what camp you would put The Donald in. Not a super hero, don't think he is a financial wizz kid so declared all lost for tax purposes? Not just once either? If you really are "60m man" best of luck with your retirement fund. A roller coaster ride for sure.

Re FRR, like you, I am still putting my faith in Zaza and co to move us forward from the not so good poition we find ourselves in. There is still a lot of upside in this but the cards have to fall in the right way and they are all up in the air right now..

Totally understand the news blackout and it could even be that Cayman court contact has been instructed to say nothing as suggested by others. Nothing re docs in pd since docs supporting injunction and future dates. The proverbial possibly hit the fan when it was discovered those docs were in pd. Especially news of 2nd major. Like other cases involving FRR (eg the recent appeal where we were awarded more than $2m) it was not notified to s/h's until settled so likely the same this time.

At present think we are best out of AIM cesspit allowing the board to get on with the work in hand. Would hope that we will hear something during February as apart from cleaning out a few wells we have no idea what the 2019 plan of action is or even the results of the 2018 drilling programme and production therefrom. On the positive side if we don't know then neither does Hope.

The next s/h meeting will be an interesting one as there are questions to answer which cannot be drowned out by good news. We need to know the additional risks (e.g. change in interest payments) in an already volatile investment option (o & g exploration). Looking back Zaza and SN were damned if they did tell us because they had an unfriendly aboard waiting to pounce while they strived to find a lender to suit his demands and their needs but it has left a slightly bitter taste.

That said, we are where we are and look forward to a bit of positive news which could come from any or all of these cards falling the right way. Good luck to us all!!

Great that we have what appears to be (from posting history) a very level headed bunch in FRSG who are looking to work in best interests of all and not hound the BoD while this unholy mess gets sorted out.

Looking forward to first update from BoD and craving some decent news to settle everyone's nerves when patience starts to wear thin as it inevitably will.

Fact - Block 12 is in one of two kitchens in Georgia. We can stand the heat so we are staying right there. Doors are locked anyway.

Delisting from the toxicity of AIM

I sent email yesyerday but did not include user name on here to preserve anonimity. Assume that is okay?

Thanks all concerned. We appreciate this adds a lot to your day jobs and thank you all for your commitment on shareholders' behalf.
Once this court case is out of the way (with a positive outcome we trust) then perhaps Zaza and YJ will be able to communicate more freely which would cut down the work for yourselves.
I am willing to help with admin if necessary but sounds like you have created a strong group already with best interests of all inc BoD taken care of. Just holler on here if needed. Holding is modest but no less important to me than some of your very large positions.
Totally agree - let the BoD get on with the job in hand.! Thanks again to all of you. Thanks also to Puddy for his efforts in Caymans.

best option for now. If we can keep channels open by being rational.

I signed up last night for updates by email and got update today re Malcys blog. Would recommend doing this initially so that you get updates straight to inbox if not done it already.
Would be in favour of signing up with F o F as the main men are all trusted long term posters and Zaza knows what to expect from them re working constructively to keep us in the loop. Possibly there could be a way to validate s/h names via the company but unlikely under data protection. How they weed out the unsavoury is a matter for them to consider on our behalf...........but................
Agree with those saying that meantime we should do nothing and let the BoD get on with the work in hand and there sounds like there is plenty to keep them busy. There may not be a need for any collective group if comms continue once this court case is sorted. It could be a quiet few weeks news wise and we should be prepared for that.
We have to trust we will be kept abreast of all relevant matters as and when info can be released as until relist and or consolidation (if and when) it does not affect the s/p.
Anyone who has been miscalling Zaza and SN over recent days and taking out their frustration on this bb over recent weeks and months (in some cases years) are really not helping either their own health and wellbeing or the company. ADVFN sounds like the place for them to vent their anger or whatever.
Huge thanks to YJ continuing comms after terse RNS. Looking at situation more positively now until we know different.

fat fingers. malcys blog

A lot has happened with Frontera in recent months culminating in the announcement yesterday that it is de-listing from Aim. As I understand it the company are in ‘business as usual’ stance as the operations on the ground are very much in full swing and I suspect that this is not the last we have seen of the company.

Shareholders, I am told should sit tight, there may be a consolidation of the shares but they are still very much worth holding on to as a re-listing is very much on the cards and I understand that shareholder meetings etc will carry on. The court case can be attended to and the financing put in place, on the ground they are working with potential partners of significant size in Georgia.