Member Info for Dulwichman

With one or two bits of information being discovered by our super sleuths ( Many thanks) It may be timely just to remind ourselves of what Zaza's ambition in an ideal situation for the future would be.
1) sell the gas
2) keep the oil and develop it on our own using some of the money from the gas sale
3) give a big lump of dosh back to share holders
4) Do what the Company does best ie exploration and develop the exploration outside Georgia but part of the same geological shelf.

I know that many may have lost some or all confidence at the moment due to both news blackout and legal stuff etc coupled with some having a high percentage of their hard earned not available but with what is coming out now at least a part of the above seems to be on the cards, couple this with what else we think is going on ie the gas is too big for a major etc. there is in my view some method in the Companies madness even if I myself have been a little diss heartened at time but given what we think might be going on it all takes a lot of time.

I live in hope still!!

Had a chat with my broker today and amongst other things had a chat about FRR. Whilst he is as much in the dark as we are with the news black out his view is "that with with all this legal stuff going on nobody fights over an empty box! Something quite big must be going on. - Where have I heard that expression before- along with that he can only remember two other similar situations similar to ours in his whole career ( he is close to retirement) and both turned out in a very positive way but took a long time to be sorted out. he also added that IF there is a carve up of the asset between majors than this also takes for ever as " the wheels of the law take a long time to turn"and that they will want all of the small legal stuff out of the way first as it may affect the carve up I might add that both he and and his wife are invested. this of course was a recorded telecom due to FCA rules so he be guarded in his comments.

So really this is summary of what a combination of posters have put together as a possibility - at leat it is not a down the drain comment but what does he know! exactly the same as us

sorry peeps = been lazy by not not looking myself. YJ are still listed for Investor relations.
bad me

I see the web site people are London based. Have YJ been sent sown the road?

Oh dear! Never mind

Hi Prod

Hope all is well with you et al. Noticed that you were in the smoke the other week - though of meeting up but you had a full agenda
speak soon PS just about keeping to the rule book!

Hi Coggs
hope all is well. Bit of a bloody mess this one still but we all live in hope!

I miss the odd bit of electric soup at frr meetings.

Kenco
Sorry to hear that your Broker has gone bust. Who needs more sXXt when we have a possible winner on the cards with Frr!
I very much concur with the comments below with the fact that you need not worry in terms of your investments held by your broker in either a trading account or an ISA account.

Some years ago my own then broker went bust - all my asstes were safe as even under all the old regulatory rules they have to be held in a escrow account ie nothing to do with the profit /loss accounts of the Broking Company and are third party. Under the new regulations this is even tighter. In my own case I was written to in fairly short order ( a matter of days as they have to get their head around the Companies data base of held investments) by the liquidates with a full explanation of what and why they are in effect temporarily the custodians of your investments and that your investments are safe - just allow a bit of time for communications to be by post etc.
They will appoint at some time a new broker but you will be offered the chance to move to a broker of your choice- in my own case my advisory individual broker moved to the new firm and they allowed me to keep him keep the personal relationship to be on going.

It was a very smooth operation and I had to do nothing.

hope this helps

Ivy
Isn't this press release one yellow jersey to confirm?

Heidi
I have no issues with your point of view in principle and I am sure that we are both of the same group who want success in a legitimate and open way. I can only say one comment to your quite correct as I see it legally from our point of view to forcing the issue of an AGM. That being in my experience of Aim Companies and indeed the odd FTSE100 is that AGM'S do get the only real difference is that they announce and delay and state why via an RNS to add to this any normal AGM will have the accounts attached to that meeting. My only though and it is is guess work is that for some technical reason or perhaps even a practical reason is that the accounts have not been done. But as we have found out supposedly our shares are in the holding Company. I see no reason as a stage 1 plan a formal request is made in a polite non aggressive way for your concerns to be resolved.

One day
Thanks for your post . I may be able to add just a little bit more meat to the bone re shareholder meetings. I had an after meeting drink with tim from YJ . In fact it was just a general chat about share holder involvement in general. and very interesting it was as well as from my perspective getting on with Tim himself ( we had outside interests which were common) I seem to remember that it was who came up with this idea of meetings which were updates rather than formal company meetings and was a bit of an experiment but he felt they were a good idea and seem to work well and that he was hoping to persuade other clients to do the same. At this point I would say that there was general consensus from us poor PI's that these were a good idea as they explained in detail a little more than is normally released via an RNS but contained no new information just explanation. What was certainly clear was that there were shall we say o"overdemands" from share holders which were tantamount to privileged information and that zaza was under pressure to go further and was constantly referring or looking at the Nomad to see if he was keeping within the rules but he was trying to as helpful as possible. To add to this zaza and tim did attend the after meeting drinks sessions which again quite naturally maintained the pressure for new information. I my self felt that a few people went to far and put him in a difficult position in shall we say a social situation.
My memory is hazy but I do seem to remember after one meeting zaza was shall we say "over generous" with what I will call detail. which did result in a bit of a fuss and was much discussed on this board after what I think was a shorter making a complaint to the FCA.

Whilst the above is not any excuse at all for a lack of information it may just be in the back of somebodies minds within either our own team or the lawyers so as to make them very hesitant in communications in general as well as the normal practice and advice during legal proceedings for the Lawyers to have either the final say or indeed to handle all the public communications in case it affects the case. Our own situation is somewhat complicated and to some extent unusual or at least legally speaking as for within mu knowledge which is limited cases of our type rarely get to court as they is a lot of trying to save face. My own personal view is that the lack of information as due to the Lawyers and not a lack of good will from the Company others can and I am sure will disagree as they are entitled to as we have no details. but we all live in hope.

I am off to see Rick Wakemen's last performance of " Journey to the centre of the Earth" tonight at the Festival Hall.
I will have a quick look on my journey down to the centre to see what Oil and Gas I can find with our label on it and have a guess to see if it is commercial. I will try to remember to report back when I return but has anybody any idea if i need to sign an NDA when I get to the centre? or could this be described as insider information? if it is I will call in at the BP building on the way home and have a word.

for those who have not been holders for a number of years this may be of use as it gives maps of pipe lines etc and areas of interest.
http://www.searchanddiscovery.com/documents/2014/20273nibladze/ndx_nibladze

fire
Problem is the damn parrot was not dead!

Rainbow. Old adage from a particular religious group with a reputation ( supposedly) " So you are paying tax! well you must be making a great deal of money then _ Happy days

Hi Coggs and Jonny .
Off topic I know but allow a bit of grace during this quiet period of the great FRR journey.
Firstly Many thanks for you concerns and I am recovering well so far.- and I do look into the board every so often looking for a positive result about our future. In a way it very much like my condition. - at present I have a lot going on in the background health wise ALL of which is not really for public consumption but in truth it is rather boring but in simple terms I am reshaping my life a bit to get back to full health which in truth is the prognosis medically as long as I keep to their guide lines. ( I am still allowed to drink and function as near to a normal life - indeed I have recently attended a number of functions but not for this board) so my future looks bright as long as I do not have any further hic ups I just need to be careful for a while)
The above is is of little interest to others except that I view the above as good analogy to where we are with FRR. We are both still alive and as far as I know we both have a bright future unless something out of the ordinary comes our way. Yes we have both had an " episode" which has required some intervention but was certainly NOT life or death but a major incident that requires a bit of re shaping and a bit of luck all of which may not be easy ( In my case giving up the fags but in Company terms getting rid of Hope. ) There is still a bit to do which not for public consumption but the prognosis is good.
As a Company as far as I can work out the Company is still alive with something to live for and there appears to have support around us. Like the Company I am waiting for the all clear so to speak but that judgment is not coming this week or next and in the mean time I just have to keep taking the medicine which has some side effects but will be over soon just as the Company is dealing with the court cases and other matters.

I personally have been amased at the levels of support I have had ( including some on the board - Thanks) but remember that their is lot of support wanting this Company to succeed and some of that support are both experts and powerful and of course Europe wants what we have got.

I apologise for the length but it basically expresses where we are as a Company under a great deal of stress but are on the mend - just not publicly shown YET

Arsenal
Totality agree about actions for his Mummy and Daddy But us adults who have to suffer may I suggest it is already Pimms's O'clock or for those of us who have had the foresight a planned visit to the "Bar at the end of the Universe" for one or two Pan Galactic gargle blasters. It is after all " Poets" day!

tsbs
decided that along with a lie down it is Pimm's O'clock

Mapp and gibbs

At one of the share holder meetings Zaza did give us a bit of clue as to certainly his way of thinking. In answering a question relating to both the share price at that time and also the actions of shorters etc ( which it is clear he hates both the game of shorters and indeed the AIM market itself) He had already received Brokers advice That being it is not sensible to ( at that time) to move markets until the share price is within the range of 2/3 pence. After further questioning from the floor relating to either share consolidation or just waiting until the exploration phase had ended and the natural value is added he was clear with what we knew ten the share price would rise naturally to within the range and he would like to move onto the main market.

A lot of water has gone under the bridge from that time period so minds can change but he was clearly thinking and acting along the lines that many of us would wish. When this mess is all sorted out lets hope hope those original plans come to fruition.

Mapp
In my life's experience I have found the best option is to be drunk at all times so it becomes the norm. Being sober has some very nasty side effects!