The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"What is the volume of oil and gas reserves in Georgia"
???????????? Head of State Oil and Gas Agency, Giorgi Tatishvili answers questions of Business Partner
# Business Partner # 1TV
# Georgia's First Channel
https://www.facebook.com/507454099659475/posts/604589976612553?sfns=mo
JOHN HERBST-United States Ambassador to Ukraine
when he talked about SN at an Atlantic Council meeting in 2016 he gave Sn the following introduction 'Mr. Steve Nicandros, the CEO of Frontera Resources knows more about hydrocarbons in the Caucasus, Ukraine and Moldova than perhaps any person on the face of the planet.'
the mans not a fraud.
Presentation of the report on oil and gas potential study
The world's largest oil companies ExxonMobil, TOTAL and OMV PETROM became interested in the study of Georgia's hydrocarbon resources. Contracts have been signed under Comp beating studied the available materials and the west of the license areas of hydrocarbon potential evaluated. Oil companies also carried out training for the staff of the Agency data base using and stratigraphic analysis. 10, 13, 16 September companies presentations conducted by the Agency and of kerosene cooperation and Gas Corporation employees of the agency. The "ExxonMobil" - was, "TOTAL" - and the "OMV PETROM" - has reached agreements, according to the agency by the existing geological and geophysical data in the study as a result of the report and an integrated database. The final report and database will be delivered to the Georgian side in October.
this was from last year but with the political backing FRR has been flexing recently its all painting a picture for us.
Georgia Government Seeks Frontera Oil and Gas Contract Change
US congressmen Steve Russell has introduced a bill that would require the US to determine whether the Georgian government is undermining any commitments or contracts with US citizens doing business in Georgia, and calls for sanctions including visa refusals for current or former Georgian government officials engaged in such activities. The bill is mostly a warning and will probably never be voted upon by the US House of Representatives.
AAPG European Conference is underway in Batumi
In recent years, the process of oil exploration and extraction has intensified in Georgia. The bidding for many land blocks has just ended, and this year, after a long wait, Georgia's plans for an international tender covering the Black Sea shelf territory will be announced. One of the key issues at the conference is the potential of Georgia's hydrocarbon resources and prospects for their exploitation, which are being discussed by major oil companies such as ExxonMobil, OMV PETROM, TOTAL and others. There are grounds for interest.
The event was opened by Deputy Minister of Economy and Sustainable Development Ekaterine Mikabadze, who in her speech focused on the country's macroeconomic stability and liberal and predictable business environment. Co-chairs of the conference are: Gabor Tari - Representative of the largest Austrian company OMV and Head of the State Oil and Gas Agency of the Ministry of Economy of Georgia Giorgi Tatishvili. The conference is attended by representatives of Georgia, England, Netherlands, France, Switzerland, Austria, Turkey, Kazakhstan, Azerbaijan, Romania, Spain's largest oil companies and academic institutions.
During the event, participants will meet with representatives of oil exploration and exploration companies and learn about the work of academic institutions conducting large-scale research in our region.
Since its inception (1917), the American Association of Geological Surveyors has been a stronghold of the world scientific community. Its original purpose was to promote scientific research, geology, the promotion of science and technology and the promotion of professionalism.
The goal of AAPG is to assist geologists in the publication of scientific papers, in conferences, and to disseminate the latest information in the field of geology not only to narrow specialists, but also to the general public.
The organization has more than 40,000 members working in the primary energy sector in 129 countries. Their cooperation and healthy competition are aimed at finding the means to ensure the harmonious development of mankind.
Gold sponsors of the AAPG European Conference are Georgian Oil and Gas Corporation Exon Mobil and Omv Petro.
https://www.facebook.com/1416847798539016/posts/2701495710074212?sfns=mo
https://twitter.com/572chris/status/1174656739632959488?s=21
preparatory hearing tomorrow for Frontera Resources Ukraine against the Interdepartmental Commission.
Ukraine left runaway deputy Ponomarev without gas
09/09/2019
Ilya Ponomarev, a former State Duma deputy from the Novosibirsk Region who fled to Ukraine from criminal prosecution and allegations of fraud, was the victim of the new team of President Zelensky. The company Trident Acquisitions Corp, led by Ponomarev, was deprived of the right to offshore oil and gas in the Black Sea.
As a result, the new Ukrainian government recently canceled the Dolphin contest, from which Ponomarev could not hide disappointment and irritation. “Now our legal team is evaluating the position for going to court, both in Ukrainian and international. We definitely cannot just agree with this decision - this will be a violation of the rights of our shareholders, ”Ponomarev wrote on his Facebook page.
Trident will make a decision on whether to appeal apparently, will be very telling if they choose not to
'In addition I love to know what Hope meant when he mentioned a large jump in FRR’s share price in one of the emails.'
does anyone still have the dropbox link to the emails? i know Hope's emails have been discussed regarding a price jump but ive not actually read them yet
Ukraine will hold a second tender for production at the largest gas section in the Black Sea
The Dolphin offshore site will be put up for re-competition, Secretary of the National Security and Defense Council Alexander Danilyuk said in a comment to The Page. According to him, the Cabinet of Ministers canceled the competition for the conclusion of a production sharing agreement, as it went too quickly.
https://thepage.com.ua/news/ukraina-provedet-povtornyj-konkurs-po-dobyche-na-krupnejshem-gazovom-uchastke-v-chernom-more/amp
I just can’t see why we are Aggressively pursuing Ukraine unless Georgia is tied up. the government backing speaks volumes and to me indicates that the government are happy enough with the Fronteras progress in Georgia to give them the support they are receiving and are pushing them to be the front runners for Ukraine
The letter I posted yesterday was written by the 8 US congressman . The letter oopsie posted it from SN himself ! So this is new and a very telling read!
Cracking find oopsie
Really strange to see SN walking about a vineyard considering everything that’s going on . But I guess there is no such thing as normal with Frr
https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491094634280825?type=3&sfns=mo
https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491094824280806?type=3&sfns=mo
https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491095574280731?type=3&sfns=mo
https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491095087614113?type=3&sfns=mo
i think its more a case of solid evidence begin brought to the board that the company it very much alive and kicking tsbs. Amazes me that shorters get the amount of BB time they do as i really could care less if they get paid out or loose the lot
SN and ZAZA raising their heads. picture of them both in the link
'According to Steve Nicandros, the founder of the company "FRONTERA RESOURCES", Georgia is an important partner for the United States, which has a great deal of success in terms of trade opportunities.'
https://www.interpressnews.ge/ka/article/563127-levan-davitashvili-ashsh-isa-da-saprangetis-delegaciebs-shexvda/
here is the transcript from the interview, alot of info there so i only picked out a few parts
https://www.epravda.com.ua/rus/publications/2019/09/10/651021/
ill paste the link but here is a few comments from zaza
Q-Why did Frontera leave the London Stock Exchange in 2018?
A-“For one reason.” We were underestimated on the stock exchange, so we decided to leave. When the market evaluates us accordingly, then we will return if we want. If not, we will continue to work as a private company.
Q-The relationship between the signing of the agreement and the growth in the value of the shares implies that Frontera is not working to produce gas, but to use the money of its external investors.
A- Probably the most correct answer - I personally invest my money in these projects. Invested a substantial amount.
- How many of your personal funds have been invested over the years?
- Lot. More than tens of millions of dollars.
Q-When Frontera lost the Dolphin contest, eight congressmen came out in its defense. How to explain the imbalance between Frontera’s modest results and large political support in the United States?
A - This is not a disproportion. How can financial results be bad when only one deposit has been evaluated by international appraisers at $ 620 million?
And we have three or four more such deposits. In Georgia. These investments bring concrete results. Competitors want us to look from a very bad side. What are the bad financial results? Show me another company that created the value that we created.
For the first time in the history of Georgia, we have confirmed reserves of 350 billion cubic meters of gas. Some 300 billion cubic meters of this volume are recoverable reserves. This has not happened in the history of Georgia. This is already the cost.
Q -How to correctly understand the interest of eight congressmen in defending Frontera? Did you turn to them to speak in your support?
A- “No, but they know us well.” They know very well what we do, who we are, what results we get. When we first came and started working in Azerbaijan, people didn’t have money there to go to the store to buy food, but look what is happening there now. These people know us from that moment.
Now the same thing begins in Georgia. In ten years you will come to Georgia and do not recognize this country at all. It will be an independent country with its oil and gas resources. And the same thing will happen in Ukraine.
Co-owner of Frontera Zaza Mamulashvili: we understand why the Ukrainian government was critical of us
TUESDAY, SEPTEMBER 10, 2019, 08:10 - DMITRY RYASNOY
This structure has long been assigned the status of a partner in international government agreements, and its owners have gained experience in participating in the most influential forums of the planet such as the Atlantic Council, where American presidents are often speakers.
It would seem that in this situation, Frontera Resourses interest in developing one of the most promising oil and gas sectors in Ukraine, the Black Sea Dolphin Square, is a great success for the country.
In general, what is the investment climate in the country, such are the investors. However, Frontera Resourses insists that the company is already at the initial stage capable of attracting tens of millions of dollars into the development of Dolphin.
Apparently, the desire to emphasize the financial viability of the American company was precisely the main motivation of Zaza Mamulashvili in the decision to meet with EP. During the conversation, he did not miss the opportunity to express support for Frontera from international financial institutions.
This is enough for eight American congressmen to fit in for Frontera Resourses, who lost the competition for Dolphin. According to sources of electronic information, the other day they sent a corresponding official letter to President Vladimir Zelensky. However, judging by the fact that the US ambassador to Ukraine is distancing himself from the American company, the chances of Frontera are not very great.
Below is how Zaza Mamulashvili, a graduate of Tbilisi State Medical University, became an American businessman, an investigation by the Georgian prosecutor’s office against his company’s management, litigation with the EBRD and a possible renaissance in hydrocarbon production in Ukraine.
US congress letter to Ukraine ambassador acknowledging that a Texas company is bidding and the benefits with selecting that candidate, friends in very high places for Frr
https://twitter.com/572chris/status/1171312941037236224?s=21