focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I would rather they pay YA off fully in one go and concentrate on the business we are in oil and gas, this YA thing is a side show let the authority's deal with them. I think it would be a waste of resource, management time diverted away from operations and most importantly money being spent on lawyers and court fees if they went down that route.
AIMO.
Regdik we are not lawyers I am sure some of YA defence were that they were setup by FRR and FRR knew it had been going on for ages. I hope they do get the book thrown at them and they are put out of business once and for all.
Well if it went to court and the defence (YA) could prove entrapment and that Zaza knew about the forward selling earlier then this would be thrown out of court and they would come to an amicable agreement like the outrider agreement. Lawyers are expensive. Not trying to be negative as I would like YA and the other scum get their just deserts, but just being realistic here.
AIMO.
sorry symore could not resist posting when I saw that on iii. Lighten the mood here.
From the real symore on posted on iii
Well, they haven’t given us much of a notice for this meeting as it will be a few days after the Interim Results. Is this good news? I think so - plus I welcome the CEO exposing himself to the shareholders after all the palaver over YA’s miniscule US$265K payment. Its an opportunity to address to him personally. By the way, this is exactly what TW+crew want us to do i.e. become distracted with a piddly amount and not about the current operations or negotiations.
Anyway hopefully Interims should contain new post-period-end information, and these may be on the current negotiations or the EWT. Otherwise, I don’t see the purpose of holding this meeting. Plus its nearly 5 months since the last get together, so there WILL Be lots of questions from the attendees.
Looks like are seller is making a concerted effort to take this down. They must be borrowing these shares from somewhere/someone hope its not the nominee accounts. Remember the pro's try to take the shares from the weak to sell to the strong. Our time will come I hope the authorities do something on AIM with all these manipulations by certain sellers. GLA and don't sell.
Well not to long ago this idiot was saying we are going to below the lows of .006 been totally ramped up by people on here he said, Zibrahimovic will confirm. What a turnaround by him cannot believe what he said about us in the past.
someone does not want this to rise and keep it within a range. Why pay more than you have to :imho
Weren't the hostile takeover group MND group a Czech Republic oil and gas company maybe the connection with Verang is there and they were working in collaboration with MND to undermine us. IMHO
Last year we went from .06p to .8p in 4 weeks. This time we have even more good news to support the sp and I have a feeling we will get more good news around the end of the month coinciding with first half results. GLA LTH we deserve this after the last 4 months here.
Fantastic note from WHI below.
WHI had identified i) the extraordinary scale of the Taribani oilfield, with a lateral extent of circa 80km2; ii) the exceptionally high quality of the oil bearing sands (Zones 9, 13, 14, 19, 23 and 25, albeit we initially emphasised the shallower zones with the deeper zones now emerging as potentially being better) relative to US tight-oil plays that are being commercialised; iii) the implications of having over 8 years of production history from Zone 9; iv) that the moment of truth for Frontera after decades of investment would occur in 2018 and 2019; v) the improving sector backdrop. So in short, we are not surprised that Frontera is one of very few oil companies listed on AIM that has entered discussions with two major oil companies, because the potential of its assets is consistent with what a globally leading oil company would look for to generate meaningful growth, in our opinion. We recognise that the ongoing testing will be a determinant in establishing the commercial attractiveness of Frontera’s assets from the perspective of a major and that these results have yet to be established.
In respect of its ongoing testing, Frontera indicated that at this stage the company has continued to see consistent oil and gas delivery from relevant wells but is not yet in a position to report volumes until such time as the longer term test are completed as described above. In our opinion, we welcome the long-term approach and the focus on undertaking comprehensive testing vs. an inundation of short-term (and potentially misleading) data points.
The company indicated that its funding agreement to sidetrack the Niko-1 well is being reviewed to adapt the drilling / testing objectives to incorporate testing of the deeper Zones (within Eldari B).
We believe that having two major companies assessing Frontera’s assets (via formal NDA and data exchange agreements) represents a step-change for Frontera. We anticipate a positive share price reaction to this development.
Our estimate of the fair value of Frontera remains under review pending the ongoing well tests.
good morning all well what a great start to Sept and hopefully a repeat of last years run with the sp but with much better news. Stick that up where the sun don't shine TW/shareprofits!!!.
GLA.
Cannot see it being this week I think they know the results but GG and maybe a oil major are dictating when they can release the results : imho.
Supposedly he is doing an interview with Malcy hopefully it is this week. We are overdue a quarterly investors London meeting the comms is in lockdown. Something not right or something brewing a toss of a coin someone said.
YJ are also not contacting this board like they used to and no twitter comms from the company I have a feeling its due to something big happening in the background.
GLA I hope we do get an update soon but I think Sept is the month.
Ok, mole my mistake I thought you meant by imminent last week that it would be this week the 4th week into Zaza saying on the podcast that testing will take another 3 - 4 weeks. He also stated that he knows shareholder are waiting on flow news so people have been adding 2 and 2 think news this week, but as we know nothing adds up with FRR sometimes.
well, Mole predicted RNS this week Zaza said in the podcast 3 - 4 weeks more testing (note he did not say till RNS) 4 weeks is up this week.
My guess nothing this week about flows.
The tweet is just a distraction trying to stay positive for the long game while we wait and wait. GLA
Good morning all,
This is good news for Georgia and FRR he was the one entity that we all suspected had interfered with FRR succeeding. My guess is that they are trying to get him to stand down and take no part in politics or start removing his wealth hidden in property and bank accounts and stop his movements.
.
This guy has definitely held back the progress of Georgia and been a pain in the backside for Frr, good riddance I say
Leader of Georgian Laborites threatens Ivanishvili with US sanctions
In Western countries, and especially in the United States, procedures have already begun in connection with the imposition of sanctions against the chairman of the Georgian Dream and the real ruler of Georgia Bidzina Ivanishvili, leader of the Labor Party of Georgia Shalva Natelashvili said at a July 30 briefing.
According to him, as a result of the imposition of these sanctions, Ivanishvili’s property will be seized, which US congressmen are actively working on, especially Congressman Russell, who has already registered two relevant draft laws in Congress.
“The very registration of these bills is a huge blow for Ivanishvili, not only financially and investorily, but also politically, especially as he claims to be leading in the country,” Natelashvili said.
Hottrader neither myself or CWH on iii are derampers we have both been here too many years to remember. We are only telling it how it is and exactly how Zaza and SN have relayed it to us, make your own mind up whether they have acted as a competent management should and I know they have exceeded in some areas but in others they have failed us and it is these that CWH has highlighted. Both of us have not sold one share but we are entitled to our view on the performance in some areas of our management. IMHO.
Remember SN saying we would be producing 2,200 bbls/day by end of 2016 from Taribani? Technical breakthroughs, game-changing outcomes, transformational, domestic and regional major source of gas supply; just some of the buzz words used by good ol’ Santa Nicandros, himself, through the years…
I do hope this novice management outfit deliver the goods, as although I’m not underwater yet, any ****-poor news from the overly further protracted, lengthened, prolonged, extended well tests that will eventually come at some point this year, and I will be…
I know some LTHs find it hard to criticise this company, but based on what they have delivered, I think they need to pull up their socks and get into a JV sooner rather than later, if they need some experienced expertise to really get Block 12 going. Next investor meeting will be interesting… bring your hard hat, Zaza…
Still heavily invested, still waiting… ATB, Champion.
This is from CWH on iii and i could not agree with him more. Zaza owes us one now his credibility has taken a big hit in the last year and all his own fault in my mind.
I have to agree with you SB regarding the inexperience of ZM in dealing with Ud2. Utter shambles. How he miscalculated that with talk about pipelines, production etc etc is beyond me. It raised expectations too highly and as a result the SP came crashing down when he couldn’t deliver. Poor management and he needs to have some insight into this. There were much better ways to have handled this e.g. explore it as an appraisal well first. I don’t know why he felt so confident about Ud2. Remember FRR went down to 3300-odd metres before 2 years ago, and presumably abandoned operations then due to high bottom hole pressures and an ‘obstruction’. We never got any further information about it (and I received no response from the company or IR when I enquired then). With all that info to hand, one would have thought they would know how to get the best out of this well, or even make a decision to drill a new well next to it. Instead they have ****ed around with re-drilling, extended stimulation and testing, and come up with hot air. Novice work.
Secondly, there has been a lot of fanfare regarding ZM’s new stewardship and I for one, had also previously been singing his praises, which he does deserve some credit for, having made the company more open and more communicative. However, this ‘communication’ appears to have dried up with the lack of good news. It is interesting that ZM & Dustin were so enthusiastic about Zones 9,14,15 in the Taribani field and felt this was going to make the company profitable. Our whole strategy moving forward after all this ‘pilot’ drilling in the field (remember we had already been down T45, Dino-2, 2-3 years ago) was that these new zones (14,15) would be highly profitable. Yet we find that the EWT of these zones is likely to be very suboptimal and that is the only reason why ZM has not RNSd the EWT results. He doesn’t do (or know how to do) bad news. Then, by chance, we decide to drill into Eldari B (as Eldari A isn’t as great as we anticipated even with all that previous info to hand) and lo and behold, we now start shouting from the rooftops about how great the potential is in Eldari B! And look folks, there’s gas too!
In the meantime, there’s a continual slide of the SP to sub-0.3s…
So to summarise, all of management’s planning for 2017/2018, i.e. drill/produce Taribani zones 9,14,15 and drill/produce from Ud-2 has come to very little in the end. They have got lucky with Eldari B, which wasn’t part of the plan in the first place. If we are saved by Eldari B, it is through pure luck that ZM has got out of this hole, rather than any good planning, management or foresight. The whole thing smacks of novice management and one does wonder where FRR might be if under different stewardship (and that certainly includes SN’s badly-led years).
I was just looking at AST and on reading their last rns was struck by this quote
"The lack of concrete action from Slovenian politicians, despite their verbal assurances of support, is also disappointing. This is difficult to reconcile with the fact that the country is reliant on imported Russian gas"
Now where have we heard that before!!. just goes to show what SN and Zaza have had to steer FRR through to get us through just surviving.
And this last quote from them
"In particular the Board believes it makes little commercial sense for the Company to continue incurring costs that are not essential either to the day to day operation of the existing wells in Slovenia or to maintaining the AIM quote for the Company's shares"
This could of so easily happened here as it is not looking good for AST share holders if they dont get the licence from the government. They are cost cutting to preserve cash at the moment.
Lets hope that the contacts FRR have with the US government can keep putting the presure on the Georgians to keep opening up the energy markets. It just shows you how good our management are with what they have had to put up with. imho. gla lets hope for a blue day.