Member Info for Drmike33

Well until you do, you won't know!

Have you read the report yet erazzel?

Isn't it ironic that so many posters on here are highly critical of Steve Nicandros, calling into questing his honesty, integrity and moral standing, but are then intent on bashing fellow shareholders who are behaving with integrity and commendable moral standards by complying with a confidentiality clause from a highly reputable and professional organisation (Deloitte).

It seems quite obvious to me that most of the posters on here being critical and defamatory haven't bothered to actually apply for the report and read its content.

I don't have a share certificate but was fortunate enough to be able to demonstrate to Deloitte that I am a genuine shareholder. I am very pleased that I took time to obtain sight of the report and will not consider breaching the trust afforded to me by Deloitte.

Critical posters who have not read the report should stop jumping to conclusions and direct their attention to obtaining their own copy of the report and thereafter respect the confidentiality clause in the interest of their own, and others, future prospects.

Nothing "mysterious", nothing "secret", nothing "disgusting".

Simply a case of requesting a copy of the report from Deloitte, which should be provided when ones shareholding status is confirmed, and then having the sense to comply with the clear confidentiality conditions.

It seems to me to be a pointless exercise for me or anyone else who has read the report to opine on whether it positive/negative or anything else. My opinion may be completely different to others. Everybody who is entitled. needs to read the report and form their own opinion.

The turnaround time by Deloittes in response to my request cannot be faulted, and I would again encourage shareholders to submit their requests.

Hi Bezzy,

All I will say is I would urge legitimate shareholders to request the report and make their own minds up. I'm very glad I spent a little time compiling my request on Saturday and received the report today. So again I would encourage you tosubmit your request, but always be mindful of the confidentiality caveats.

Good luck to all shareholders going forward.

Hi erazzel, FinnFCR et al.

My shares were held in my Selftrade stocks and shares ISA at the time of delisting and were subsequently removed from my ISA.

My Selftrade account was thereafter transferred to Equiniti and then Interactive Investor.

As I posted some time ago, my Selftrade statements were transferred with my account and when I liaised with Interactive Investor they directed me to these historic statements being accessible to me via my online Interactive Investor account.

I have written, via email, to the liquidators providing copies of my Selftrade statements and my full contact details and can confirm that today I was provided with a copy of the report.

Perhaps my details do appear on the share register, or perhaps the liquidators were otherwise satisfied with the documentary evidence that I provided.

I post this information not to gloat, but to provide some reassurance to others that they may be able to receive the report.

Before anyone asks, I cannot share the contents as per the confidentiality clause which accompanied the report when provided to me, but please take reassurance that if you are a shareholder (even without a share certificate) and take the time to evidence this, then the liquidators will provide the report.

Re. Well insurance payments, from RNS dated 10/7/23

"As previously reported, the Company retains comprehensive well control insurance coverage, and the Board ultimately expects to recover the vast majority of costs associated with the well control incident. Under the terms of Zephyr's insurance policy these payment recoveries are made on a reimbursement basis (after approval by the insurer, and after the Company has paid the corresponding contractor invoices). "

So the award of the drilling contract to re-work 36-2 will surely be announced prior to and irrespective of any payments being received from the insurance company.

0.5% of 1 tonne = 5kg (5000g) for information of anyone struggling with that bit of arithmetic.

For anyone who was unable to watch todays webinar "live", here is a link to the recording...

https://www.turnerpope.com/investor-evenings/webinars/

Lowlife

If you go into your II account and select your profile and then look in your document history under 'statements" you should find all the previous Seldtrafe and EqI documents that were transfered to II and should include your FRR holdings pre and post delisting from AIM, until Selftrade took it upon themselves to delete them from our accounts.

This was highlighted to me by II and remains my only lifeline to getting my shareholding reassigned to my II account if/when FRR relist.

Yes, tinight on tinternet!

BBC News - Opec oil producers announce surprise cut in output
https://www.bbc.co.uk/news/business-65157555

Hi Julian

The Know Your Client procedure enables companies to identify and verify the identity of a customer and to ensure that the customer is actually who they say they are. As part of Due Diligence, the aim of the KYC check is to prevent business relationships from being established with persons who are associated with terrorism, corruption, or money laundering, among other things.

https://www.gov.uk/government/publications/russia-sanctions-guidance/russia-sanctions-guidance

1st section 3rd paragraph:

"The prohibitions and requirements imposed by the Regulations apply within the territory of the United Kingdom (UK) (including Northern Ireland) and in relation to the conduct of all UK persons wherever they are in the world. UK persons includes British nationals, as well as all bodies incorporated or constituted under the law of any part of the UK. Accordingly, the prohibitions and requirements imposed by the Regulations apply to all companies established in any part of the UK, and they also apply to branches of UK companies operating overseas.

KEY POINT
"... all bodies incorporated or constituted under the law of any part of the UK."

I'll let you read the rest of the regulations and instruments on your own......

Hi Roger (et al.)
Whilst I agree with most of what you are saying, I differ in my opinion in relation to the KYC process.
I have seen others here question "how can it be taking so long?"
My opinion is that it's been completed a long time ago and the result is that Sviblov's cash is likely deemed to be tainted and therefore cannot be accepted into accounts implementing Russian sanctions.
Talk of opening an account in Austria or Cyprus or China or anywhere else us irrelevant. If the origin is tainted and the final destination (I.e. your personal bank account) is within a jurisdiction implementing sanctions then, irrespective of whatever circuitous route the funds may take, it can't happen. Financial organisations in the countries implementing sanctions will be heavily penalised for breaking the sanctions. (The gov.uk website provides full details of the UK laws for anyone that wishes to explore further.)
All talk of opening bank accounts in other countries is really only suggesting that AMC attempt money laundering and that simply won't fly.
For those reasons, and after holding AMC shares for a very long time (pre the 40p peak) with occasional trading, I took the decision to bail out the other week at a little over 0.9p per share. That's half of the potential dividend. The cash in the bank is dwindling as every day passes, contributing less and less to the potential value of a shell company.
For a long time I was a supporter of RY and trusted him to pull a Kun Manie deal off. I don't believe that will happen now before AMC is wiped out, so I have cut my losses and run, to allow me to invest and build the residual funds elsewhere.
All that said, to those that still hold and plan to take their chances, good luck. And finally thanks to all those posters who, over the years, have provided insight, opinion and a few laughs too.

Houseofgold,
If you go into your II account and select your profile and then look in your document history under 'statements" you should find all the previous Seldtrafe and EqI documents that were transfered to II and should include your FRR holdings pre and post delisting from AIM, until Selftrade took it upon themselves to delete them from our accounts.
This was highlighted to me by II and remains my only lifeline to getting my shareholding reassigned to my II account if/when FRR relist.

24-Jan-23 12:57:03 6.75 696,192 Buy* 46.99k

I'll have one of each please

Ezhik, wasn't having a go at you. I was preempting anyone who was going to suggest that there was a failure by geologists.
I think we are both of the same mind. Prospecting for oil is not an exact science, and professionals like Zephyr plan for the unexpected. This is a good day!
Onwards and upwards.....

Ezhik (0731 post)
Any suggestion by the "glass half empty" brigade that this is a "failure on the basis that their geology" would, at best, be unfair.
From RNS CH said
"While we've long planned to artificially stimulate the reservoir in order to achieve hydrocarbon production from the well, we've always known that encountering a natural fracture network was both a drilling risk and a feature that could significantly enhance the overall potential productivity of the well. As such, all necessary procedures and precautions were in place in the event the well encountered an over-pressured natural fracture network.

Thanks Contra for your comment, though not particularly helpful or constructive though to those of us not with Halifax!
Your post in July 2019 was
"I don't suppose that any of us did much serious market research before we chose our broker, I know I didn't, it was the easiest choice at the time after Barclays messed up their broking facility so my choice was more by luck than judgement."
So you have been lucky. Going to another broker at this stage, after the event, isn't going to cause a missing share certification to reappear.