Member Info for Goit

Silence is golden. I do believe that is what zaza meant by golden age for frr....

This is a response I just recieved from https://www.goukrainenow.com/ after I emailed them this morning regarding the dolphin block.
'Hey ***,
The tender has been delayed, the winner has not been defined by July, 12. More likely, the tender will be relaunched by new government to prologue the preparation period for all interesting companies .
Regards
Roman
AGPU'

Or going wholly private I guess

I assume by UK settlement system, it means CREST so this isn't new news at all I don't think. I Would assume this to be procedural, if they were intending to relist on a different exchange?

I will be opening a litre bottle of Stella if we win the Ukraine bid in the 12th

you could of at least changed the error at the end of 2030 when you reposted this lead balloon

Thanks MP. Interesting. So Hope wants this put to bed before any smoking gun can or will emerge. I figured FRR were really after the discovery this time round, which is why in the first submission they concentrated on Hopes previous underhand actions and dealings. The judge hasn't exactly been keen on FRR but after reading this i'd hope we had discovery granted in some form https://www.resolvingdiscoverydisputes.com/abuse/you-have-the-right-to-conduct-discovery/

Why hasn't Hope filed for this, if we got the ass whooping from the judge we think we did?

At a guess they could re-negotiate the amount owed on the loan notes to be less or non existing depending how desperate it gets. Not sure we would escape liquidation now, until all debts were paid off to all creditors but if that 30mil was wiped off, escaping the liquidation with production revenue alone would be much easier, instead of depending on a loan (who know what state or stage that is in, presumably good if we had a DOS).
However, were we hoping to have 56 million sat in the bank to prove the viability of our ukraine bid from this court case? Who knows

I did notice a delay in the listing of the RNS's after the site changed into its new format. Possible they were moved over manually and there was an error and just coincidentally seems to be that specific one. Don't think you can read anything into it when that RNS is still readily available on alternative share sites.

I understand that in principal. And that is why the asset move was such a crucial move because FTI would not be looking to continue operations to pay the debt off but sell off the assets presumably. I'm not up on how businesses with multiple subsiduaries operate but If the part of frr that is being liquidated could not service the debt would FTI look futher inward for the money which is why Zaza had to declare solvency? Presumably they cant just declare that bit bankrupt and nope out on the notes

I've managed to confuse myself thinking about the company. Can someone more knowledgeable straighten me out. Is the DOS for FRR (the part we hold shares in) or the bit that is being liquidated by FTI? if it was the part which was being liquidated, wouldn't the cronies Hope replaced the directors with have to sign a DOS? Or can Zaza &Co effectively sign a DOS saying we can bail out the part being liquidated (due to the asset move- which doesn't appear to have been challenged? ) via whatever means possible production/deal/loan (is that 5% enough? ) bearing in mind (my understanding from what I've read) simply having an asset valued enough to cover all debts is enough to sign a DOS. Mostly what I read about a DOS was it was used for basically winding up a functional company you didn't want anymore, saying you can pay all debts off in 12 months and shut up shop. I'm assuming if you 'change your mind' you can continue as a company which is what would occur once Hope is sorted out. Cheers

Well, that's it for another 6 months now!

Doesn't exactly sound encouraging if are to believe we are on the verge of doing a deal with BP in georgia etc. The translation isn't great but implies that it was FRR that suspended it and that isn't very forward looking for the company.

Don't really understand your 180 flip to positivity. Think you'd be better off making a new username instead of trying to pull this off convincingly.

A little optimistic but I'll go with a definitely maybe.

BP and green capital hopefully chucked a nice little stinger out to stop Hope in his getaway car. The FRR dog has been chasing it for 8 months now - must be starving!

Did we change jurisdiction because we never got it in the Cayman Islands and it is integral to the case? More to the point, do FRR have it in California? I seem to remember some chat not long ago about it was underway but then also it hadn't been granted? Why else would FRR be continuing to flog a seemingly dead horse of a court battle unless they knew discovery could swing the balance. Will YA step out of the shadows after their final payment?

The fine doesn't seem to correlate with the judges displeasure expressed in the document but I'm not complaining!

Did a little more poking about and sent a query to BH about the rig count and nice Susan replied with
'Unfortunately BHGE are not tracking Active Rigs in Georgia as we do not have the ability to track and verify the active drilling rigs in country that is consistent with our approach for other location across the globe .

Effect 7th June BHGE are now in a position to track and verity active drilling in Ukraine and that is why we are now reporting.'
bearing in mind they are now communicating 84 in Ukraine since their first report on the 7th. So I wonder how many they could have in Georgia. I asked if she could confirm there were any active drilling rigs at all in Georgia and she replied with 'Unfortunately in BHGE Georgia falls under Russia Caspian and we do not report externally rig count in this country.' which was a bit mean.

I remember seeing someone saying that because there was no rigs listed in Georgia on their rig count therefore, no ops ongoing in Georgia - the same assertion could of been said of Ukraine, which evidently was not the case.