So.... Green Capital....remember them ? Could they be 2,16 ? We signed a production sharing contract with them, which gave them a security interest in our operational assets, if I recall. ( key word...OPERATIONAL). Whatever happened to that agreement ? .... ongoing ? I do recall our friend Hopeless in his capacity as director, also secured creditor, was very frustrated at not being able to get detail on the above. Thoughts anyone ?
Yep. Schlumberger.....real out in the open, public knowledge , bit of drilling that was. Easily accessible figures, results for all to see.....NOT. Ooh.....then just up sticks, and scurry off.
Thinking about it.....a bit like our wells.....how long we been on test now Timster :-)) Must be due results soon.
RE: If I can play devils advocate for a bit...30 Apr 2020 19:27
Yes Mole. I just watched a clip of Donald Trump revelling in the fact that the U.S. has massive capacity for oil storage. Companies are paying them to take it in some instances. He likened the price now to be comparable to the early 50's, and said its going to be great for all our companies coming out of cv lockdown. Wrong time for frontera to get support. Timings wrong. Another 2008 was not what we needed....but here we are. Only this time it's good for some, and bad for us.
That's entirely dependant on U.S. in my view. 1_ Are they going to put the screws on little Georgia....or 2 _turn their backs, and leave them to the Russians. Or...option 3......we are just a necessary sacrifice on the long road to Georgia's membership of the free world. As the ease of doing business in Georgia stats, work against them now....teaching them to vote people into power who will keep their western ambitions alive. 3 ....looks too late for frr shareholders. Our time is now ...or bust, I fear.
Cut out the pie ? When the new tender gets announced....which it surely will...in will come the majors. Shame we're not U.S. investors. Lowly UK ones unfortunately. Peed right off tonight. Never gave up with this share.....but looks like another Slovenia AST to me now.
RE: State agency oil and gas on fb now29 Apr 2020 18:48
Aurora....my concern is the cavalry are busy . Uncle Sam's got problems in his own backyard to sort out...due to poo, and cv. Maybe they'll just let this go. Could the timing finally be wrong for ZM,and SN. Knives are out.....going to be bloody, we really need US support. If Georgians have got a whiff that were alone...they will steal asset away from us, IMO. Depressing. If we lose it, new government in October aren't going to hand it back. Hope I'm wrong
Like I've said Earsbern......all this sorted at the polls in October. It's all very very political....hence dream basically heralding a great victory over Frontera. Not so much......it appears, ... today
I believe it costs money to relist. Suspension extension sounds a better plan, should that be possible,or indeed needed. But I'm thinking news this week. So much simpler, and straight forward,with nomad experienced in mining sector, as replacement for WHI.