The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
agreed the whole thing is pretty accurate except 'There are no gas and oil deposits in Kakheti.'
this guys gonna look really silly soon
I wrote a few years ago and I repeat once again that this company was spreading false information about the giant gas and oil deposits in the region of Kakheti inflating stock market quotes in such a fraudulent way, deceptively earning money and imitating oil and gas extraction in Kakhetia for almost twenty years. In fact, it did nothing and violated its obligations to the Georgian government. Oce or twice American congressmen even talked about harassing their business in Georgia.
This parasite company cheated its shareholders, now wants to extort money from the Georgian government. There are no gas and oil deposits in Kakheti. We shouldn’t succumb to illusions and do not give fraudsters the right to speculate., ”Gotsiridze writes.
https://commersant.ge/en/post/american-frontera-demands-35-billion-in-compensation-from-georgia
no idea if its old or new but makes sense that Frr seek an independent valuation regardless of what a super major thinks the asset is worth. i see gazprom is also a client.... anyway Ill assume its old news unless we find out otherwise
https://www.mireandassociates.com/client-list/
Services this company provides are
EXPERTISE & SERVICES
Oil & Gas Property Evaluations
Acquisition Evaluations
Conventional & Unconventional Reserve Estimates
Shale Type Curve Creation & Analysis
SEC Reserves Reports
Economic Analysis
Drilling Prospect Risk Evaluation
Monte Carlo Simulation
Probabilistic Resource Analysis
Royalty Evaluations
Field Development
Field Studies
Deal Screening
Market Analysis
Project Economics
Reserve Audits
Contract Technical Personnel
Workover & Recompletion Evaluations
Mineral Interest Evaluations
Estate Tax Valuations
Nodal Analysis Modelling
P&A Abeyance Reports for Texas Railroad Commission compliance
PHDWin database creation
PHDWin to Aries Database Conversions
you missed one of the most important parts mad...... the perfectly developed infrastructure. how many companies can boast about multiple routes to market running through their block .
Even if our drilling costs were double what they are it would still look very attractive with the infrastructure we have.
you could find higher flowing wells in other places in the world i am sure, but if those discoveries costs you billions developing a route to market then the asset looses a lot of value
here is a small part.
The competition was initiated through the American company Frontera Resources…
And you know perfectly well who is behind this company in Ukraine ...
I do not know.
Remember that company represented from the rostrum of the Verkhovna Rada?
Is this the previous Prime Minister?
You see, you know everything without me.
But I was told that the same people could be involved in the Caspian Drilling Company (CDC), a subsidiary of Azerbaijan's SOCAR.
I heard that too. That they initially wanted to do everything through Frontera, but then it became clear that Frontera, to put it mildly, would not cause much trust in the commission, which was revealed thanks to your Scheme colleagues. And it was necessary to urgently attract someone else, because it was even theoretically impossible to win a competition through this company.
But you stated earlier that the CDC had withdrawn from the competition because it turned out that the Russian capital was behind them.
I never claim that I cannot prove it, but I have heard such insights too.
https://biz.nv.ua/ukr/markets/illya-ponomarov-eks-deputat-derzhdumi-tender-na-vidobutok-gazu-novini-ukrajini-50039332.html
putting Exxon is the mix is blatant ramping (sorry mad). I do hope a deal is done but I personally don’t think it will involve Exxon in anyway , they were over seeing work for years but appear to have chosen to do their own thing in west Georgia
I don’t want to divulge their identity. I’m sure he would receive an influx of friend requests if I did and it could stop him posting more info
One of the guy I stock on Facebook who works for SOCAR just posted this on Facebook. It’s a picture of the brigade that worked at Taribani (he’s tagged the location ) and talks of the nostalgia of being successful with their work in Taribani :
For the first time in the history of independent Azerbaijan, we were successfully working and succeeding in drilling projects abroad as the only Azerbaijani drill brigade.
When the picture was taken, the shift was in the afternoon, and half of the brigade rested in Azerbaijan. We didn't forget about them
The court appointed a preparatory hearing for September 19 for Frontera Resources Ukraine against the Interdepartmental Commission
https://oilpoint.com.ua/sud-otkryl-delo-po-isku-frontera-o-rezultatah-konkursa-po-delfinu/
The war for the Dolphin. Why the competition for the development of the shelf in the Black Sea failed
WEDNESDAY, AUGUST 7, 2019, 09:20 - ARTEM BELOUSOV, FOR EP
https://www.epravda.com.ua/rus/publications/2019/08/7/650323/index.amp
FRONTERA DISPUTED THE RESULTS OF THE COMPETITION OF THE PSA ON THE UKRAINIAN SHELF
Posted 05/08/2019 - KWAKUHA
On 1 August, Frontera Resources (USA, Houston) contested in the District Administrative Court the results of a competition to conclude a production sharing agreement (PSA) for the development of the Dolphin hydrocarbon segment on the Black Sea shelf.
This is reported by Epkogg with reference to the OASK.
Frontera Resources stated interim measures, prior to filing a claim in essence. The defendants are the Interdepartmental Commission on PSA and the Ministry of Energy of Ukraine. The Cabinet also involved other participants in the competition - Trident Acquisitions Corp and Ukrnefteburenie.
Frontera Resources was the initiator of the PSA contest for the Dolphin site, but losing its ego.
Frontera Resources Corporation was founded in the USA in 1996. The company is engaged in the exploration and production of gas and oil. In 2016, she signed memoranda of cooperation with Ukrgasdobycha and established a representative office in Ukraine. The main assets of the company are concentrated in Georgia.
On April 12, 2019, the Ukrainian government announced a competition for the development of the Dolphin site for a period of 50 years. According to the terms of the competition, the deadline for submitting applications for participation in it was 60 days, which is 30 days less than the time allowed for submitting applications for the competition in 12 areas on land. Four companies filed applications: US Trident Acquisitions Corp, US Frontera Resources Corporation, controlled by the State Oil Company of the Azerbaijan Republic (SOCAR) Caspian Drilling International Ltd and one of the largest private gas producing companies in Ukraine, Ukrnefteburenie.
The CEO and one of the shareholders of the American Trident Acquisitions Corp Ilya Ponomarev on July 26 reported that the interdepartmental commission recognized the company he headed as the winner of the competition. The final decision must approve the Cabinet.
On July 27, Prime Minister Vladimir Groysman announced his intention to invite the government to consider the possibility of announcing a new competition for the development of this site. His initiative was supported by the Secretary of the National Security and Defense Council, Alexander Danilyuk.
Recall that in 2012, a tender was held to conclude an agreement on production sharing for the Scythian section on the Black Sea shelf; in the face of the Romanian "daughter" Petrom (15%) and NAK "Nadra Ukraine" (10%).
Mining did not start because of the Russian occupation of the Crimea.
http://kuaizoukai.com/14750-10-05-kompaniya-frontera-osporila-rezultaty-konkursa-srp-na-ukrainskom-shelfe.html
https://twitter.com/572chris/status/1081499199945015297?s=21
Arsenal221 its on my twitter account
The company of ex-State Duma deputy won the competition for the development of the site "Dolphin"
The company Trident Black Sea has been recognized the winner of the competition for the development on the basis of the production-sharing agreement for the hydrocarbon section Dolphin on the Black Sea shelf, said the head of the company, a former deputy of the State Duma of the Russian Federation, Ilya Ponomarev.
The company of ex-State Duma deputy won the competition for the development of the site "Dolphin"
About this Ponomarev wrote on Facebook, reports Business Censor.
"It was a difficult struggle, but our application was significantly more profitable for Ukraine," he said.
According to Nefterynok, 6 members of the commission voted "in favor" of the Trident Black Sea in the competition, 2 abstained (in particular deputy Katser-Buchkovskaya and a representative of the Ministry of Economic Development).
not paying legal bills.... this really seems to be falling to sh#t. i am starting to feel like there is no deal heading our way and we are purely in survival mode.
NEW LOBBYING TERMINATIONS-
Akin Gump Strauss Hauer & Feld: Frontera Resources Corporation
https://www.politico.com/newsletters/politico-influence/2019/07/23/brownstein-hyatt-tops-revenue-rankings-460814
so let me try get it back on track. whats your thought on this ? dated march 2019 but i feel like this information is historic?
GEORGIAN INTERNATIONAL OIL & GAS AND POWER INDUSTRY EXHIBITION AND CONFERENCE.
Location: Sheraton Metechi Palace Hotel, Tbilisi, Republic of Georgia.
Dates: 23 – 27 March 2019
Georgia has of its own oil and gas reserves both offshore and onshore and the hydro-power potential to be a regional exporter of energy. Total Georgian oil reserves are estimated at 580 million tonnes, including 200 million tonnes in offshore fields. The development of Georgia’s indigenous energy resources and production is vital.
Frontera Resources Corporation has invested around $30 million in the past two years to explore six deposits, the first of which, the Taribani field came on stream in March 2000. Drilling of the next three wells at Taribani is likely to require additional investment of US$70-80 million. Frontera also plans to start drilling at the neighbouring Mirzaani and patara Shiraki fields.
Lasmo and Shell Capital (UK) are also involved in developing Taribani field. They have already invested 7$ million and planning to invest another 20$ miillion more.
http://cecexhibitions.com/gioge-exhibition-conference/
Asos blames glitch in rollout of European and US automated warehouses and said sales were hit by the overhaul of warehouses in Berlin and Atlanta. As a result of these warehouse glitches it left the firm struggling to keep up with demand. so this situation sound temporary and that sale are not in decline at all in fact it reads the opposite.
poor consumer spending across the whole mark is also a factor to consider but this effects everyone not just ASOS.
The head of the integrated gas business GAZ of NAK Naftogaz of Ukraine, Andrei Favorov, asked President Zelensky, the Head of the National Safety Research Bureau, the Minister of Energy Nasalik, as well as the head of the State Geodedr Kirilyuk to stop or cancel the competition to conclude a PSA for the Dolphin sea section.
So, on July 8, 12 four days before the formal announcement of the winners of the competition, according to the majority of experts, Caspian Drilling Company International (SOCAR) Favorov wrote a letter in which he stated that the company claims five sites (Medusa, Krabovaya, Sozanovsky, Snake, Krylovskaya), but in view of litigation, their status has not yet been determined.
The Dolphin site includes these areas, which, in the case of a competition for a PSA, actually violates the rights of Ukrgasdobycha and forces the society to apply to judicial instances. As an alternative to disrupting the competition, the company offered to make changes in the geographical coordinates by highlighting the controversial areas.
http://www.nefterynok.info/novosti/favorov-sryval-konkurs-na-srp-po-delfinu