The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Spotted this on P69. Document is only a few months old. Any thoughts?
In 2021, Georgia's demand for natural gas amounted to 2,504 million cubic meters, which is 0.9 percentage points higher than last year. To meet the demand, natural gas was brought into the country by two suppliers. In total, 99.4% of Georgia's demand for natural gas was met by imports, and the rest by local production. The purchase of local production and introduction into the transportation system of Georgian natural gas was carried out by three suppliers, one of which is also an importer. Accordingly, natural gas placement (import and local production) in the natural gas market of Georgia was carried out by a total of four suppliers (JSC "Georgian Oil and Gas Corporation", "Frontera Resources Georgia Corporation branch in Georgia", "Bago" LLC, "SOCAR Georgia Gas" LLC "). The Herfindahl-Hirschman Index (HHI) among suppliers at this level of trade (introducing natural gas into the wholesale market) was 5015, indicating a highly concentrated market.
Worth FOF group pulling a message together?
Shareholder communications has always been bad under Steve’s rule. Things did improve when zaza took over but I always remember the RNS were few and far between when Steve was CEO. Steve being congratulated by members of the Atlantic council for the huge gas discovery, the infrastructure running through our block and the hope of replicating the shah Deniz but on shore kept us all here. We had (hopefully have) the perfect storm. Hopefully we can still pull it off , I’d be happy to get 1p a share these days but you never know with this company
Any change to the website? I can’t seem to find the link
Opinion issued May 17, 2022.In TheCourt of AppealsFor TheFirst District of Texas————————————NO. 01-21-00125-CV———————————STEVE NICANDROS, LUIS GIUSTI, TYLER NELSON,AND FRONTERA RESOURCES CORPORATION, AppellantsV.ZAZA MAMULAISHVILA, INDIVIDUALLYAND DERIVATIVELY ON BEHALF OF FRONTERA RESOURCES CORPORATION, AppelleeOn Appeal from the 281st District CourtHarrisCounty, TexasTrial Court Case No. 2021-03816MEMORANDUM OPINIONAppellants Steve Nicandros, Luis Giusti, Tyler Nelson, and FronteraResources Corporation filed a voluntary motion to dismiss their accelerated appeal
2of the trial court’s order denying theirmotion to compelarbitration.1In theirmotion, Appellants statethat on March 4, 2022, the trial court issued a final judgment inthe underlying caserendering their interlocutory appeal moot. See Hernandez v. Ebrom, 289 S.W.3d 316, 319 (Tex. 2009) (“Appeals of some interlocutory orders become moot because the orders have been rendered moot by subsequent orders.”).No opinion has issued in this interlocutory appeal. See TEX.R.APP.P.42.1(c).Wegrant Appellants’motion and dismissthis interlocutory appeal,with costs taxed against the party incurring same. See TEX.R.APP.P.42.1(a)(1), 43.2
30.April.2022 12:05
Who is looking for and extracting oil and gas in Georgia?
10 companies have oil and gas exploration and extraction licenses in Georgia.
• OMV PETROM (Black Sea II License Block);
• "Ninotsminda Oil Company" (license block XIE);
• Martkopi Oil Company (license block XIC);
• Block Energy (license block XIF, XIC Norio-Horse, XIC Horse, XIB, IX).
• Frontera Eastern Georgia (License Block XII);
• WGPEC (License Block V);
• GCE Ltd (license blocks VIA, VIB);
• Georgia Oil and Road (License Blocks VIII, XIG, XIM, XIN, XIC Martkopi, XIC North Horse
https://bm.ge/ka/article/ra-girs-saqartveloshi-mopovebuli-bunebrivi-gazi/107848/
And Mtsarekhevi
Interesting little read
Currently, 16 fields are being developed in Georgia, including 15 oil fields and 1 gas-condensate field: Eastern Chaladidi, Supsa, Shromisubani, Norio, Satskhenisi, Samgori-Patardzeuli- Ninotsminda, Samgori South Dome, Teleti, West Rustavi, Mtsarekhevi, Baida, Taribani, Mirza- ani, Patara Shiraki, Nazarlebi, Rustavi (gas condensate).
Before the pandemic the plans of the closest period envisaged making comparatively more in- vestments in gas exploration and production works and facilitate the activation of geological-ex- ploration works on the territories of Georgia with gas bearing potential. Therefore, following the economic recovery and relevant works carried out afterwards, gas production may be signifi- cantly increased in Georgia in future, if the exploration results confirm at least one of the fore- cast resource data out of prospective areas.
Notably, one of the most prominent recent developments is the entrance of the OMV Petrom into the Black Sea shelf. In June, 2020 the Government of Georgia conducted the relevant ten- der and selected the company as the winner. Following negotiations State (represented by State Agency of Oil and Gas) and the company signed the respective Production Sharing Con- tract on the 10th of March. On the basis of the executed contract a license for oil and gas explo- ration and extraction on the Black Sea shelf will be granted to the oil company OMV Petrom, which is a member of the Austrian energy company OMV Group.
According to the State Agency of Oil and Gas, the case refers to the II license block of the Black Sea which starts at the Samegrelo-Zemo Svaneti border. The area of the license block is 5,282 square kilometers. According to the Agency, at the initial stage, OMV Petrom will carry out two- dimensional and three-dimensional seismic exploration works, and in case of finding relevant supplies, drilling works will start.10 By executing the Contract Georgia joined the countries which carry out exploration and extraction works in the Black Sea. The project, if successful, will sig- nificantly contribute to the energy independence of Georgia.
https://www.energy-community.org/dam/jcr:0301e6da-152a-401a-ac44-4a6779822c5b/Ge_sos_statement_0721.pdf
Cracking find
title was meant to say “from only a few months ago”
Arzu Javadova has been appointed Chief Geologist of SOCAR.
After graduating as an exploration geologist from Azerbaijan State Oil and Industry University in 1989, Arzu Javadova conducted scientific research. She attended trainings and actively participated as a leading specialist in relevant researches on “Hydrocarbon systems - methods of analytical analysis and geological exploration” at US UNOCAL Exploration in 1994-1995 and “Hydrocarbon systems - research and exploration methods, basin modelling” at Mobil Exploration in 1995-1996.
Continuing her career as an engineer at the AzerInformatics Department of SOCAR in 1996, A.Javadova was a group leader in the Central Laboratory of SOCAR's Offshore Oil and Gas Production PU in 1998. From 1999 to 2007, she worked as a senior geologist at US Frontera Resources, a development geologist at Salyan Oil Company, and a chief specialist in Geology at Delta Hess (ACG) Ltd. Since 2007, she was a senior exploration team leader at bp, geological exploration manager, senior hydrocarbon systems specialist and chief geologist, and geologist since 2019.
Arzu Javadova is a candidate of geological and mineralogical sciences, the author of two inventions and 35 scientific papers.
I hear they only want $8 billion for it. Bargain
Nice blast from the past bugs. I remember this bb being alive with chat about those well / pressures and having the southern gas corridor pipeline running through our block with the knowledge that and discoveries along the pipeline route could tap into it, then it’s easy to see why we alll piled money into this company. Potential to be Georgia own shah deniz expect on land…. And potentially larger reserves… god I hope we get something for all the year of pain. I bought my first share in FRR ayed 19, I’m not 30!!
Date: 21/03/2022 11:40
Judge: Tamar Lakerbaia
Sides: Givi Bakhtadze, JSC Georgian Oil and Gas Corporation, Frontera Resources Georgia Corporation
Thought I would have a quick sleuth since were showing signs of life again!
There seems to be something going on in tiblisi courts but I can’t find the info of my phone. Any ideas?
https://tcc.court.ge/ka/Sessions
Current cases - Tbilisi ...
2 hours ago - Date: 16/03/2022 10:00, Judge: Valerian Bugianishvili, Parties: Tamar Merlan, Levan ...
Looped, great work. You said the following “ less than 4% of such pro se cases are successful” …. I bet those are cases such as small claims etc, I bet the 4% for complex corporate cases is way lower lol
Steve Nicandros donated $2,000 to Adam Kinzinger from January to June 2021, according to the Federal Election Commission (FEC).
https://illinoisvalleytimes.com/stories/612801568-steve-nicandros-donates-2-000-to-adam-kinzinger-s-campaign-committee-from-january-to-june
Should we forward this to the company regardless of whether it’s bad journalism or not? Could be a mistake in the article but equally could be zaza up to his old tricks. We were the ones who flagged zaza dodgy behaviour to Frr in the first place so we could be helping further by providing any info we can?
Investors helped alert FRR to zaza actions which was confirmed by SN legal representatives, not sure if has been discussed yet but we recorded the London meetings with zaza and how he spun us all a web of lies. Knowing what we know now these recordings would really help a jury see how underhanded zaza was. Do you guys think we should forward the recordings to FRR? Can’t do any harm right ?