Member Info for Chris572

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

forgot to clarify that this is a tender for a pipeline project in Georgia for the SGC

Back in May 2017 it was stated that 'BP plans to complete the Georgian section of the Southern Gas Corridor (SGC) by mid-2018'. see link below

https://www.azernews.az/oil_and_gas/112278.html

so why almost a year after completion have I found a pipeline tender that states 'Southern Gas Corridor, 1,850-kilometer pipeline Latest Developments' dated 16/06/2019 ....

http://epctender.com/index.php?route=information/country&country_id=80

unfortunately you have to register with your companies details to be able to view the tender information but still interesting if you ask me.

looks like ZAZA message to YJ was correct that FRR are still active in Moldova see below:

The Moldovan government has information that a concession agreement giving Frontera Resources the right to explore and produce hydrocarbons at a site located in the Dobrudja zone in the south of Moldova may be terminated if the investor does not start fulfilling its obligations specified in the contract.

similar to what the GG are saying

http://logos.press.md/1288_07_1/

but FRR also initiated the competition .....which dosn't make sense. do FRR honestly think they can compete with a subsidiary of SOCAR ? especially when the parent company had agreed to fund operations and provide all the ground support required in the event of a discovery ...

so many questions and i wonder if we will ever get ZAZA in a room to ask

totally agree. if we win this tender it will speak volumes . cant see it happening tho

Not later than July 12, the Interdepartmental Commission for the PSA, and subsequently the Cabinet, should determine the winner of the competition on the Dolphin area on the Black Sea shelf.

The first reaction after the experts' information on the submission of four applications for participation in the competition section of the Dolphin - a real contest will be between the initiator of the competition - the American company Frontera Resources Azerbaijan and Caspian Drilling Company (daughter of national company SOCAR).

However, the introduction of competitive application Frontera Resources showed that the company is currently in a very difficult financial situation, which is one of the important indicators of estimates in determining the overall assessment of the application, and has no experience in offshore (also estimated).

its an interesting 8 page doc that i found and looks like we will get to know the winner before friday

http://www.ukrrudprom.com/digest/CHomu_shelfov_rodovishcha_Delfnu_mogut_vdyti_vrtualnim_nvestoram.html?print

This a new doc Bugsy ?

dated 10-6-2019

The Minister of Economy and Sustainable Development of Georgia underlined that Georgian government has made significant efforts to diversify energy lines and other natural gas sources.

'Georgia takes important steps towards the development of natural gas projects in the region, she emphasized.

https://menafn.com/1098625851/Turnava-Azerbaijan-is-Georgias-main-partner-in-gas-supply

think ii board need to stick to FRR, i see a second none FRR thread has started. The bloc thread feel like salt in the wound when you have no spare money to invest and now sound energy thread.

you mean there no longer a public limited company

nice one ziggy

i am sure our main man taffy has posted it already but just noticed this uploaded this morning.

Thursday, Aug 1 2019

3:19-cv-01996-RS - Frontera Resources Corporation et al v. Hope et al
Initial Case Mgmt Conference

http://www.cand.uscourts.gov/CEO/cfd.aspx?7141

01 July 13:01
The American company "Frontera Resources International LLC", which obtained the exclusive right to explore the territory of the Republic of Moldova for the identification and production of hydrocarbon resources, is no longer active in our country, writes TV8.

The US company, which obtained the exclusive right to explore the territory of Moldova to find oil, suspended its activity (TV8)

The concession contract he signed with the state in January 2017 was suspended, the source quoted.
According to the contractual agreements, "Frontera" was to explore for about five years about 40% of the territory of the Republic of Moldova, with a possible extension of the term for 45 years. The company had promised initial investments of six million dollars, with a possible increase of investments in the Republic of Moldova up to 500 million dollars.
The concession project signed with "Frontera" was praised by the Government of the Philippines.
Until now, the US company has not invested any leu in Moldova and has not started geological exploration activities to identify hydrocarbons.

https://m.radiochisinau.md/compania-americana-care-a-obtinut-dreptul-exclusiv-de-a-explora-teritoriul-r-moldova-pentru-a-gasi-petrol-sia-suspendat-activitatea-tv8---90522.html

yes Tsbs, surly frr cannot compete with that ? they have no offshore experience, all very strange

Trident Acquisitions offered Ukraine an investment of $ 1 billion
Interfax-UkrainePhoto: Facebook
American Trident Acquisitions Corp, which submitted one of four applications for the development of the Dolphin site under the terms of the Production Sharing Agreement (PSA) on the Black Sea shelf, declares its readiness to invest $ 1 billion in investments.

"We offered Ukraine investments in the amount of $ 1 billion, the start of production after 3.5 years in the event of discovery of reserves and an experienced team of developers of offshore fields," wrote Ilya Ponomarev, the company’s former deputy, in Facebook, who received Ukrainian citizenship in May by decree President Petro Poroshenko.

"We are looking at what competitors will say, keep their fists and hope ...", he added.

Trident acquisitions has offered $1billion in investment and plan to start production after 3.5 years in the event of a discovery.

they also made comment that 'We are looking at what competitors will say, we keep fists and hope' (guessing that means fingers crossed).

will be interesting to see if FRR respond.

BP has announced their new country manager for Georgia and she was previously a well Completions' Engineering Manager....... starts her new role next month

'Completions' Engineering Manager at BP Ann Davies will take up her duties as the company's country manager for Georgia from July 2019, BP Azerbaijan told Trend '

https://menafn.com/1098530228/BP-names-new-country-managers-for-Turkey-Georgia