Member Info for DanBrown83

Still nothing yet???
Must be close to fumes in the kitty now

looks a positive step in proceedings - end of 2018 could be very strong

I think Lind and Darius will place at a really low value and reverse takeover
i can't see the point of them investing anymore, this isn't the same company they first invested in

Zaza said farm in or jv and not takeout, this falls in line with this, leave the technicals with FRR and let them provide the $$$, big American Company with plenty of political backing; no way Georgian Government going to mess with FRR now, totally different kettle of fish now, need to know more on deal but a MOU is a massive step up

1 year today from the placing at 0.12p
i said i think placing will be held until after this date if the ownership goes over 30% for either Darius or Lind they can takeover at a much lower price - we wait and see.

Funding by 2nd November in my opinion

Moving up, will we get the volume today?? Looks good early doors

anyone got any truth serum for ZAZA

StarRage
My thoughts are that any details in a new presentation would be covered by an NDA as it would be based on the most up to date information which we are not supplied with
Why i was surprised this meeting was happening while we were in discussions, i don't know how much Zaza will be able to tell anyone but i suppose ask the right questions you can probably judge from his manner how good or bad the answer should be when he answers he can't divulge it

YA buying

Nice
Well done you guys

Think people were expecting to see a nice cash balance from sale of oil but it was never going to be in accounts, I was hoping turnover higher but I know that the testing was early stages so not too much to worry about, need EWT’s to come to market or a JV to make SP move north

Got to remember that 400k more is only a month of the extra testing on couple of wells and while been tested they won’t be able to sell straight away, part of the testing process will be extra testing pre saleability, also without knowing when the trains left last year it’s hard to know how much better of a position we are in, we know it’s better

The gamble is in PI's favor as we are still worth a good chunk without major involved but there is still a lot of risk and manipulation, got too love the rollercoaster of FRR, i've aged like 10 years in the last 3 weeks lol

CX1 was sold years ago but CSFG signed a Lease to sub let this property.
This would of been a belt and braces lease as the property was sold with a guaranteed rent payable from CSFG until 2024, it meant a higher sales value was attained years ago for this guarantee

the market wants us to confirm good income generation before moving up, COBRE Customer been sorted or good updates on LCCM
The RNS yesterday was excellent but market drove it down straight away

Don't paint a pretty picture but its as stated
basically got cash reserves but making losses and no way of reversing this (CX1 is 85% Occupied but still fails to generate enough income)

I don’t think us not paying YA is anything to do with flow rates, we know we had a train of oil leave, we know we get paid I think 45 days later, so receipt of funds should be mid August so it doesn’t take much of a delay for us to miss the loan payment, I think that’s what’s happened, we were due monies from train of oil, we were due to pay YA but would be a little late and YA elected to convert shares, forward sell and short the stock, we announced NDA’s and sp rose so YA’s short hurt them badly so they requested September payment in shares to cover the short, these were dismissed by Frr and now they are defaulting the whole loan and demanding full payment

plenty of us are down in this share
we all have concerns and positives
got to say this week has brought different concerns to the table
6 weeks ago my concerns were all on the well test results / Interim Accounts and trying to work out additional revenues

well over my head too, but the RNS reported that they sold shares on them dates and that FRR is investigating.
Even TW's summary basically says they have sold the shares, but they claim that Frontera agreed to the share conversion.

It would suggest that this is pretty factual and that the contentious point is did we agree with the conversion based on YA's calculations, considering we are taking legal action, if that e-mail existed saying we confirm the figures are correct and were going to issue shares we would be well and truly f***d, so one must honestly believe we have never sent that e-mail and therefore our stance is we should not give any shares or the number of shares is wrong

Nothing Material held in them as per usual
At least there on time but to be expected since the Accountant got paid in shares