Member Info for jackpack

Anybody else besides me read the business section of the sunday times today. BP have been using secretly the services of top secret firm PALANTIR for last 5 years without anybody knowing ( same firm who located osama bin lardin for us government) they have improved north sea oil production by over 10% . If BP are involved with frr wonder if they are working for us and what they could be doing ? It might even answer some of our questions. comments please

If its correct as per a post yesterday on this bb we have a large number of american shareholders . I think we should try and contact them you never know what information they may have that we don't the question is how? Any body any ideas.

unsure which exchanges as will depend how well frr come out of there various on going disputes and what the share capital ends up at

I noticed last week on here some posts regarding new texan registrar for frr shareholders. If this turns out to be the case I think this is good news and confirms what I think will eventually happen and that is we will be quoted on one of the american exchanges where shorters are better regulated

Like everyone I would like to know what is happening. However until the various court actions with regard to Mr hope are settled it could be counter productive. Also any update however neutral could result in a low ball offer of say 1 or 2 pence per share from some hedge fund trying to make a profit which is something management will want to avoid. I think we have to give them another six months to bring things to a conclusion and if still no updates club together to take legal action - which hopefully will be a very last resort

I know some of the positives and some facts and hope other posters can add to the list so I and others can build a realistic picture of where we stand.
Ukraine - In tendering process why at this point ?( what can safely be said to be behind this and what are the possible reasons)
Moldova - again similar in some respects to ukraine and there would appear to be documentary evidence for both to back this up
At least one NDA in place as I think mentioned with BP according to court documents.( I don't think BP would allow frr shareholders to be shafted - they would not like Shareholders who have Bp and frr shares turning up at BP agm and they know the publicity by the time people like me have finished would be bad and the same goes for any oil major.
Frr directors seem to be acting in the interests of shareholders and of course they be taken to court just like hope if it turned out they were not acting to protect all shareholders.
To date the court cases both in caymens and Us seems to neither good or bad for frr shareholders from the documents that have been posted online and give hope of a fair and reasonable out come for frr shareholders.
I cannot see how any major funding for frr can take place without a condition of relisting . The amounts been mentioned are very large and as such must involve a major oil company who would not want the damage to reputation of any shafting of frr shareholders.
I hope other posters will add to the list and I look forward to reading the comments to enable me and others to build a reasonable picture of where we are at the moment.

Am I not correct in thinking that shareholder approval would be required for transfer of assets etc This means that all shareholders would be given notice of a meeting and vote which as not happened?

Been away for the last few weeks unable to get on. Reading a lot of the post it strikes me that we need to know what our US legal team know and don't know. It would not surprise me to find out that they know little of all the posts on the various boards from the share tipping people acting for the shorters - It was I felt obvious at the time that some posters may have had information before the rest of the market and those type of posts may help a court case. I feel that contact with the US legal team may be best through frr shareholder group we could provide them with a wealth of information they may not have . what does everyone think. Out for rest of day now.

May I suggest anybody wondering about this in the description for tomorrows listing looks at the RNS 12 oct 18 where it describes the plaintiffs as Frontera resources and its fully-owned subsidiary frontera international corporation thus the need by the court to use the above terminology

Looks to me that frr have taken on board GG concern about slow progress and addressed them. Since the request for arbitration we have BH and probably BP involved and on site. We drilled a number of wells last year with more planned for this year. How can could the GG say otherwise now we have two of the world largest oil companies involved. Yes since B12 is so large I can understand that they would like part of it back to licence out to other oil companies to speed up revenue. But given Frr progress it would now be very difficult to justify and not good PR with regard to other oil companies considering taking licences from GG

One aspect that I think has been evident is that the share price has by hook or by crook been manipulated downward for a very long time ( ok shorters have made money) but is the reason behind all this to get the assets frr have. Thus given that frr have the us hedge fund to pay hope if necessary. Is the next step to try to get frr at a low price before they relist thus until they relist are frr not very vulnerable and have the BOD realized

Two points
!. As long as the company does not issue share certicates as i understand it if they are in an isa wrap and they have not been transferred to a trading account by the provider they keep their isa benefits on relisting. Is this correct - anybody heard any different.
2. A VERY INTERESTING THOUGHT - as long as the company does not issue share certificates it makes it very difficult for a hostile low offer takeover - think about it for a moment how many hedge funds or competitors would be willing to take a risk on frr at say 1p or just above to accumulate a position(there are a lot of shareholder in panic mode with share certificate in hand who would take far less) given its assets and the fact that frr instigated the court case and must have a good chance of winning . Thus I would think it is in frr interest to relist as soon as possible to stop any chance of anything like this happening. If they don't they could have a real problem on this front. I AM VERY INTERESTED IN OTHER VIEWS ON THIS

Message for yellow jersey - whilst I understand your point about the press spinning this which is the sort thing that is not wanted. There are a lot of share holders who may have considerable amounts invested here think of the bad publicity if someone killed themselves over this and the field day the press would have - all for the sake of a plan of action with regard to relisting and returning value to shares or at very least the thinking behind no plan and zaza not giving any personal update to shareholders

some posters may remember about the middle of last year i was posting here and on advfn that there seemed to be one or more persons making a concerted effort to keep the price down possibly to accumulate a large position i was unsure at the time.
I have a question and i would like the views of other posters - i do not have the answer. If this person or group of people have borrowed shares or sold large numbers of shares into the market that they do not have. Does us not having a nomad for a period help zaza and the same with regard to delisting. Is there anyway it helps the cayman island case or will it for instance enable the fca to take action thus helping frr generally - interested in peoples thoughts as it help understand the news blackout.

I wonder which one of the majors technical teams suggested zone 19 I think the involvement of the majors has been going for a long time - how long is it since exons site visits.?

I HAVE KNOWN WEBMOOR (PETER) SINCE HE ARRIVED AT GRUISSAN WITH IS BOAT SPICEY MAIDEN OVER 11 YEARS AGO. WE BOTH TOOK AN INTEREST IN AMINEX AROUND THE SAME TIME AND WOULD OFTEN SIT ON THE BACK OF IS BOAT DISCUSSING AMINEX . HE HAD AVERY GOOD WAY OF GETTING IS POINT ACROSS ON THE BOARD AND HIS POSTS REFLECT JUST HOW MUCH HE ENJOYED THE BOARD OVER THE YEARS . AS JOYCE SAYS HE HIS AT PEACE NOW AND ON THE HIGH SEAS SKIPPERING BIG YACHTS JOINING FRIENDS - AND PROBABLY KEEPING A WATCHFUL EYE ON AMINEX

In todays mail on sunday there is an article about jkx oil and gas. It states that a ukrainian has quietly become the second largest shareholder with 20% and the BOD are now trying to find out the how and why.
Could this happen at FRR - a few facts looked at from a different angle.
Rumour failed takeover @3p or are they still trying using different tactics.
Zaza uses primary bid for placing direct to public rather than to institutions who might at some point in the future sell onto a stake builder.
YA shares direct to market rather than placed with an institution
Share tipping service find out about arbitration - could they have been fed the information by someone wanting to build a large low cost stake.
Suddenly YA and placings stop. Could it be that the BOD realize they are making a rod for their own back as it were?
Shareholder information starts to be restricted is this to make it more difficult for someone to build a stake.
Zaza in podcast about BOD percentage of shares is a little shaken and just gives approx percentages is this because he does not want to give information to possible stake builders.
A number of posters have commented on unusual share transactions
slowly reducing number of shares in free float - possible computerized buy programe buying small amounts each day so as not to effect the price.
Number of shorters - some posters think it almost like a vendetta - is it really to keep the share price low for someone building a stake.
Lets face it anybody with a large stake bought at these low prices is eventually on way or another going to make a big profit given the gas potential , oil and now T39.

Why don't we the small shareholders ask for a condition to be attached to the farmout and point out that this would give the BOD a quite ride at the EGM and that is the zubs cannot buy us out for less than last years high of just over 7p in the next five years it will also have the effect of under pinning our share price. I also think there should be a request that before the egm the board provide to shareholders details of what are wage bill and other overheads are expected to be after farmout complete. I think this reasonable and the board may be willing if it means a quite life for them.

Most people seem to have missed or skipped this from the last rns QUOTE 'THE COMPANY ANTICIPATES THAT PRODUCTION RATES FROM FUTURE DEVELOPMENT WELLS MAY BE SIGNIFICANTLY HIGHER' its good business sense as T39 is proving very good in the lower zones. which may not have been expected to revisit t45 and dino-2 whilst there are the people on site regardless of the flow rates so far. By year end we could easily have 4 wells producing minimum 750 bbls/d each which is a large amount of money PA. Therefore I think the longer we have to wait now is good news as they will be adding lower zones.

Unable to get to this years agm(tummy bug) However my thought are that I would have been happier with a maximum farmout of 37 1/2% rather than 50% however i can see the reasons behind it. First If zubs are the operators they have a reputation in tanz for been a good well run business group and a lot of things like licences etc will go through on the nod as it were. Second this project is going to cost a lot more than people on this board realize. At last years agm in dublin it was mentioned that nt2 has a large liquid volume area which was not perforated due to the high pressure and risk to the well. This liquid may well be oil or condensate. The cost involved not only for drilling but well head infrastructure to deal with the pressure and to separate liquid and gas will be very high and of course we are looking at only the first well. when it has already been previously stated that multiple wells are to be drilled. The profits to aminex for 25% will provide a very big income and turn them into investment grade main market company. A lot more profit than the 10 million pa that some posters are talking about.