Member Info for erazzel

I think lights have just gone out for FRR.

This is the interesting part form the article extract below RE: 80sqkm

Mamulaishvili admits it has been hard work over the past ten years but now it has come to the point where it has 'acreage of 80sq km with oil bearing thickness of 800 metres that responds fantastically to stimulation.

Balance sheet tidying

Frontera has also made a major effort to tidy up its finances.

Mamulaishvili has done his part. Along with former chief executive Steve Nicandros, he converted $26 million of debt into shares at 1p in April. The shares trade at 0.13p currently.

The swap helped reduced the company’s borrowing to just over $30 million.

Now it is looking at debt, convertible or yes, even more equity to give it the firepower to start work at Taribani. 'All funding options are under consideration'.

Liquidity should not be a problem, four-fifths of the company’s shares are held by retail investors with almost 70 per cent of those in the UK.

Time for payback

Mamulaishvili admits it has been hard work over the past ten years but now it has come to the point where it has 'acreage of 80sq km with oil bearing thickness of 800 metres that responds fantastically to stimulation.

'Now is the right time and right place for Frontera.'

GG et co all want the area IMO as the pipeline runs thorough it.s licence area.....

No doubt state oil refused production testing figures.

The gogc are just noise now.

Still binary folks

South Kakheti

Oh crumbs

Was it the bit about going missing do you think?

Bit sensitive isn't he this Luke Skywalker!

just coincedence

So, the recent 50/50 transfer referred to in Nov 2019 at registry is with the following party;

Saaktsio Sazogadoeba

KSANI GLASS PACKAGING FACTORY
https://www.ebrd.com/work-with-us/projects/psd/ksani-glass-packaging-factory.html

Anything here relating to the wine press article in georgia by chance?

Apology if already posted

https://www.companyinfo.ge/en/corporations/422194

Squahsman, yes you are correct. No offer was accepted.

Bp up 2%,

Note: this could go 29p at COB

IMO this about the rights to passage and the conduit the location can provide. Its the GG (Russia influence) much like the Anaklia port.

If FRR get through this with the South Kakheti then we are laughing. However, we must understand that this is political war right now being propagated through the courts which is unjust.

Apology

E. Millan Arcia
@EinsteinMillan

Something to with Luis Guista i think and recent resignation at alange

Que tendrán en común, la junta usurpadora de #Citgo que la ha llevado a perder en un año de mala gestión sobre $500 millones, con las empresas #PacificRubiales, #FronteraResources y #AlangeEnergy
@latabla

Google translates to this

That tend in the common, the usurpadora de Citgo that has raised it to lose in a year of bad management for $ 500 million with the company

@CNNEE

Few weeks old though

Seeing this pop up in same references to just Frontera

Is it something to with Luis Guista?

Unlikely it will posted tonight if gogc is today for their part no?

am i mistaken?