Member Info for CF73

No fake news. He said it.

Field CAPEX could be reduced by £300million and revenues increased by £1billion +

He did and that in turn they could increase revenue by summat like £1.3billion...

They're not walking away.

Deal incoming!

The more advanced Super Major doesn't say they know how they can save £300million-odd on field development and increase revenue by £1.3 billion and then walk away.

No sirreee!

Whatever the eventual deal, I'll be surprised if it initially doesn't land us a market cap between £500million and £1billion.

3p to 4p is where it'll settle on news of a Super Major signing, with monster spikes to who knows where

Based on the project NPV, that would be 50p per share, for our [currently proposed] 40% share of project.

Based on that, that's 125p for the whole project post binding JDA (valuing it at c.£300million)

So you could imagine, if we were to give up another 20% :-)

This is getting for serious!

Heard the interview. Maklcy extremely positive about FRR, about the oil, and about how we got a strong case against YA. While the interviewer/Doc was acting like he was in cahoots with TW, SH**** and the rest #Doc-turd

Looking forward to the weeks ahead! :-)

Can only think shorters are desperate to close out and is why they're trying to suppress the SP and scare a few shares loose. Trying to actively continue to short from is at best dumb and at worst kamikaze

FRR shouldn't be paying anything to YA as YA called the entire £2million+ in after being caught doing something illegal. As it stands, there are no monthly payments that require being made and no other payments until dispute resolved.

Not sure why folks don't get that.

Guess it'd be crude not to lol

Agreed Aussie,

Come on the FRR'ers :-))

Random, the focus right now, rightly, is on RHA. A lot happening in the coming days and on the right news many of us could be recovering long-held losses.

One Super Major further ahead than the other and, remembering, has effectively their own version of a CPR and
has subsequently said we got way more than we said (being compared to Russia's largest fields!)

That one Super Major is possibly concerned with the oil, the other with the gas...

That one is more interested in the Farm In route, the other something similar to Joint Ops

All meaning that commercial discussions are happening, confirmed by the last RNS

Indeed StarRage, great stuff! Not long now, at all! :-)

No longer questions about whether or not FRR are being genuine about working with 2 Super Majors but knockers what's Plan B PLan A is we land both Super Majors Plan B is we land one of the Super Majors Plan C we land instead the other Super Major Plan D we droll NIKO 1 with the agreement with the hedge fund paying $3 million drill costs That's a good overall plan to me!

Progress in the last 12 months has been extraordinary. The recent legal struggles if anything give me enormous confidence, especially that we are in a position of strength and are about to sign some monster deals. This is one heck of a story. And one hell of a BB too. Have made up my mind. Sticking to see this through and very very confident it'll be happening soon. You only need to see what we've learned in the last couple of months. SUPER MAJORS that have done their DD and are saying we got more down there than we previously said. Good luck all!! :-)

Once again folks, YA demanded the full £2million+ after they got caught naked short selling FRR shares.

As soon as they did this, it meant there were no payments to be made other than the full £2million +. Given this dispute is yet to be resolved, this thing about our non-payment is a complete non-issue.

JS490, after YA got caught Naked Short Selling FRR shares they were not authorised to have, they flipped and demanded the entire £2milllion odd, meaning the original arrangement of monthly payments of £265, 000 no longer stands. In short, there are monthly payments to make. We are now dealing with the situation through the appropriate channels.

...they've blocked off all p i s s t a k e moves, leaving the way for the upcoming deals. And we can sense that these deals are evermore likely following these recent announcements Good luck all!

YA are not 'in order' for a start. They've been caught naked short selling. Even Malcy (see Malcy's Blog and recent podcast) argues that the case is very strong in favour of FRR.

Very simply, YA were caught selling shares in FRR in order to naked short them, shares that it was never authorised to have. In other words, it was dealing in FRR shares that never existed. This is illegal. The law/regulation is clear about that.