Member Info for erazzel

I like the 3.7bln claim against state.

Simon you baby

Please tick up post

Please tick up post

Ok Barry McGuigan

You can’t get arsed to pick through his posts.

Get over yourself.

Joker

Not far off the mark really.

Symore_Bottoms14 Jan 2020
Legal Developments in the US Chiltern - Hope went to Texas court to enforce the personal guarantees that Zaza and SN had issued against the CLNs. Why Texas? Because SN is resident there and so is FRR’s HO. Anyway, their guarantees were also secured by their personal shareholdings in FRR of 250M shares each. The cash coupon due on the Notes was around $2m hence the claim for that amount. Makes you wonder why the Directors would put their personal wealth on the line for a company that was seemingly failing. People also conveniently forget that they converted around $26m of their PRNs in to ordinary debt at a hefty premium of 1p thereby automatically subordinating their claim rights below OMF. And what did Hope do for our company? Sweet fck all. But he now wants to take the high moral ground for acquiring a deeply discounted debt. On top of that, he was colluding with other shorters (incl. YA) and interfering with the NOMAD. There is also the allegation of market manipulation. Ultimately, he chose to put himself in the middle of distressed company’s and if he ends up getting nothing, there will be no tears from my side. He is trying to loot FRR investors for his personal gain, and I just pray there is some dirt on him so he ends up with nothing. He will get his comeuppance (I like that word, comeuppance). JMO

The company is still alive.

Hope has not got his prey.

Silence is best to get a successful outcome.

A little dignity would no go a miss on this bb until we are officially told that it’s game over. Until then have a cup of tea or whatever. It’s only money

He was successful.

Will it run in the family for PLC companies

Brakes. Uptick

Ticky tocky

AJ, are you ZM in cognito?

Possibly, it looks coordinated

haha

He's signed an NDA, and yet is concerned about the lack of communication here.

FRR are under an NDA and constraints for public disclosure on the PSA and terms. Yet StaRage has signed an NDA but its ok for him to bang on about it.

Yet he is just a little ego'testical' warrior.

At least he will help to keep the BB live

When you get burnt, you will be ridiculed you mug

Ouch for the American consumers....

Oh wait a minute......Bring in the wines of Georgia

;)

That bill IMO is for frcc to pay from liquidators.

BHGE will be on the ground if all good.

Thanks Ivorbigun haha

smart guy he is.

What a di ck lol

This will then follow and rerate should we have trustworthy BOD and success in courts.

They have lot of skin in the game.

SO, ITS IN AN RNS AND ALSO AN INDIVIDUAL CONFIRMED THE SUCCESS.

THIS LADOIES AND GENTLEMAN IS WHY WE HAVE THE SHORTERS AND DERAMPERS ON HERE..... THEY ARE GOING TO LOSE EVERYTHING IF THIS COMES GOOD. THEY BEST HOPE CAN MAKE 'THE COUP DE GRACE'......

Thu, 19th Jul 2018 07:00

RNS Number : 1319V
Frontera Resources Corporation
19 July 2018

19 July 2018



Frontera Resources Corporation



("Frontera" or "the Company")



Operations Update



Frontera Resources Corporation (AIM: FRR), the European focused oil and gas exploration and production company, is pleased to provide update regarding its operations at Block 12 in Georgia.



Well T-39



As previously announced by the Company on 29 June 2018, the well T-39, the third well of the three-well drilling and testing campaign at the Company's Taribani complex situated within the Block 12 license in Georgia, has been sidetracked from the existing wellbore and drilled to a vertical depth of 3056m into the Miocene aged Eldari B formation. Total net pay of 132m has been calculated for penetrated four oil bearing sandstones, Zones 9, 14, 15 and 19.



On 4 July 2018, Extended Well Testing ("EWT") commenced at T-39 well, by perforation of 21m interval of Zone 19, situated between 2970m and 3000m. After a well clean out, the well started to flow light ( 41.5 API), sweet crude oil together with wet gas and, under natural flow, achieved following production rates: 529 bbls/d of oil and 600,000 scf/d of gas using an 8/64" chock size, 347 bbls/d of oil and 425,000 scf/d of gas using an 7/64" chock size and 250 bbls/d of oil and 350,000 scf/d of gas through 6/64" chock, demonstrating excellent well deliverability. The Company anticipates that production rates from future development wells may be significantly higher.



The CPR volume estimates of 14.8 million barrels of recoverable oil from Zone 19 and 36.5 million barrels of recoverable oil from Zones 20, 23 and 25 of the Eldari B formation, situated between 3056m and 3350m interval support the significant potential of the Eldari B formation.



The 300m interval below Zone 19 was previously penetrated during the drilling of the Niko-1 well, the first well drilled by the Company in Block 12, Georgia. Testing of the interval confirmed the presence of oil and gas bearing Miocene aged marine sandstones with good reservoir properties, flowing light sweet oil and wet natural gas at a commercial volumes.



Gareji formation, situated below the Eldari B reservoir in the Taribani field is estimated to contain 3.2 Trillion Cubic Feet of recoverable gas according to the CPR estimates.