Member Info for erazzel

87 posts on a saturday.

Shorts could burn.......

Are the lights still on?

One step forward........

a lightstep perhaps?

Oh, you mean the RNS

Mon, 5th Sep 2016 07:00

RNS Number : 8873I
Frontera Resources Corporation
05 September 2016
FRONTERA RESOURCES CORPORATION

https://www.lse.co.uk/rns/FRR/operations-update-kbpmbjad6qiwoig.html

Para,. 9

Since the first quarter of this year, new mapping has been underway associated with the extensive gas resources that Frontera has identified at the South Kakheti Gas Complex. This new mapping has revealed an approximate additional 15 TCF of gas potential and has served to move previous internal estimates from as much as 187 trillion cubic feet of gas in place from reservoir targets found between 300 meters and 5,000 meters in depth to as much as approximately 202 trillion cubic feet.

Could be here soon....

GOGC is currently involved in a litigation with Frontera Resources Georgia
Corporation (FRGC), a Cayman Island company, regarding the breach of the
production sharing agreement (PSA) related to exploration, production and sharing of
crude oil and natural gas. In January 2018, GOGC and the State Agency of Oil and Gas
(SAOG) initiated arbitration proceedings against FRGC, who has allegedly breached
certain provisions of the PSA including but not limited to the relinquishment of
approximately 99% of the Contract Area. On the other hand, in September 2018
Frontera Resources launched a counterclaim on US$ 3.5bn against GOGC and SAOG
claiming lost profits for 2012-27 per GOGC’s 2018 audit report. Management believes
that GOGC and SAOG have factual and legal bases to win the case, and that possibility
for Frontera to win these claims is remote. The court hearings are planned for October
2019.
Significant growth in other expenses is related to the above-mentioned on-going
litigation case with Frontera Resources. Other operating expenses increased 58.1%
y/y to US$ 10.4mn in 2018. Legal fees, related to litigation case with Frontera
Resources, which were up 3.9x to US$ 2.7mn was the main reason behind the growth.
Transportation, materials, repair and maintenance expense was up 20.4% y/y to US$
3.1mn in 2018. Other costs remained mostly stable

So, the costs here are quite significant at 2.7mln.

Obviously not a rollover......

Tick tock

back by watershed ......

Ahhh - So he gifted you the shares?

advice btw

;)

Child

Its just amazing that someone who inherits 2 million, then gets access to shares so quickly from probate - then only has nasty things to say on a n bb for FRR. So, what was the IHT 400 charge to your shares?

The executors must have been super fast, let alone beneficiary disbursements.......

Any siblings?

So,

When did you father pass away?

sounds like a little boy

Purely hear say - Can't just make up carp like that then go off into one.

ridiculous

How old was he when he passed away?

Best

When did your father pass away?

2018?

Wonders if Ud-2 was abandoned for good reason?????

https://www.oilfieldtechnology.com/drilling-and-production/19072018/frontera-resources-corporation-provides-operations-update-at-block-12-in-georgia/

Inherits 2 millimetres

Haha

Give SH/O the personal shares and they might support the upside here.

Otherwise keep swinging the sledgehammer on his little nut.

Poor little babies

And the lights are still on.

The more noise from trolls and lightship the more progress we have made.