Thanks for the great reply Dulwichman. Steve is oil elite. He's at home on Atlantic council,talking to majors execs.,looking at and trying to understand geology. He's no good at grass roots level. Fancy not having 2 or 3 trusted American workers in Georgia over seeing and reporting back. What a catastrophic oversight. One which has led to us shareholders losing a fortune. Yes he's got skin in the game too.....but also more money than sense. The guy has compassion for close friends and their relatives...we see that in court just now. But as mole says.....it's our money he's enjoyed, to play with his train set - block 12....not the engagement with the man in the street. Talking/addressing the likes of us...not his thing at all. Calling us bloody 'family'.....sorry, but that's such an insult.
Zaza knows Steve really well, and has played on his weaknesses. No doubt about it. He's run rings around him....playing on Steve's trust. Despite one of the board resigning over Zaza's insular and dictator style running of the company.....Steve has still relied on the friendship and trust shared over the years. Total balls up.
So....March was it ? ...or April 2020...Steve shuts Georgia's production down officially, due to covid. But our hero Zaza keeps things going...un be known to Frr...for 8 months or something. Fills tanks, sells in Oct/Nov. Nice little earner. Georgians must of known.....but dobbed him in, by the sounds of it. Bad bad bad Zaza. That's part my money !!!
RE: ZM - SN etc - FRC Response to ZM Special Appearance28 May 2021 12:09
Mole....fti knew about green.....but would of assumed ,as Zaza and SN were on same side, that it was frr's plan to evade them....Would they not ? .....and so not realise SN was being had. But SN knew about green at time ???? Did he ??? Therefore ,if so....what started as a plan, turned into the case we are listening to today. Time lines....so important, in all this. Who knew what...when !
RE: ZM - SN etc - FRC Response to ZM Special Appearance28 May 2021 09:47
Oopsi....if judge does decide in our favour, over the point you raise..... Would that hold as some form of president, with regards any future court cases. What she decides....is that pivotal for future actions ? No wonder she needs to deliberate, if so.
With you on this dully. It may be irrelevant whether Frr produce much. They just need to be present,and appear to be a viable choice. Moldova. Ukraine. Then Ukraine tender....at sea, FFS. Threats to take court action over result of tender. And Georgia. Are we just in Georgia to have the presence. Find what's there, but not get to exploit it......just keep it tickles along......until it's decided Georgia's reserves can now come on stream. When will that be....who knows.....but we,or someone new, will be required to keep the licences ticking over....keep out gazprom,or whoever ......until time is right to turn on taps.
Mad punter could be right about production....For all we know, we could have a few gushers. UD2.....could be fine....just shut in, until it's an acceptable time to turn on taps. Frontera are in 3 countries where east,and west are jostling for position. We've all picked the wrong share to pile into.....blinded by out greed, for what we were told block 12 could produce. If our shares a worth anything.......maybe our children, or relatives can benefit one day. Who knows.
RE: Judge finds that ZM is trying to steal the company05 May 2021 14:21
Maybe we need to look back at some of the ii's . 24th May 2018....Who funded Niko-1 ...$3,000,000 ? Was it paid to frr ? 25th May...we had permit. 3rd Sept ...talks in progress to amend funding to drill down to zone 19. Was this extra $ ??? Paid into the coffers....just before big problems at Year end.
Is this the large creditor....advertised to us as an ' unrelated ii '