I do not believe HOPE will allow this to reach a JURY trial. IMO his actions would not be reflected well to a jury of the people, even if he is acting within the law, they may perceive his actions to be unjust and a breach of his director duties. Is there not history of this occurring with a previous company? With enough evidence from discovery, I feel he will agree an out of court settlement. But will Zaza?
I noticed on twitter Mr Luis. E.Guisti has an open account. He has not replied to my PM so may openly message him next week as all his followers will see it. Senators etc...
Would FSHG be better to try this public open contact?
4 weeks until Acidization begins followed by flow testing. 9 days work scope expected. Equipment in Romania so no COVID19 delays expected. Positive pressure build up noted over the recent period and costs of around 240K Euros. Jiff
ADX to release RNS no.5 for Romania in 5 minutes on the ASX for anyone in the UK still awake.
https://hotcopper.com.au/threads/ann-romania-well-flow-test-operations-update-5.5543417/?post_id=46368659
Hop it is good news guys. Jiff
A reply was mentioned on Agenda.GE 5th June by the Economy Minister as below:
How has the government responded to Frontera?
Georgian Economy Minister Natia Turnava has responded to the open letter of Frontera, saying that Frontera has lost the arbitration dispute and must fulfil its obligations.
She also called on the company to disclose the decision of the arbitration, which will shed light on who is right in this dispute. The parties have no right to make the decision public without the mutual consent. Georgian state-owned corporations say they will announce the decision if Frontera agrees while Frontera does not make comments.
Our answer is very simple. We always respond to such statements from the company Frontera with meeting the international norms... if you want to get more information and find out the truth let's all together call on Frontera to make the decision of the international arbitration public", said Turnava.
I am sure this will get knocked but... I am seeing share price info here. At 0.0p but previously LSE stated no share price info available? Also a paragraph stating FRR are listed on the exchange. Week 4 offshore and no flights home yet so could be tired and mistaken. Good to see the BB still has some positive views. Jiff
With C19 rife in Italy and spreading daily I expect it is a massive effort just to man their Italian assets, and costly. Deals in progress will likely be delayed for months, hopefully AAOG completes but focus for all is shifted. Govs, courts, etc have other priorities. Hold IMO but think it is gonna take 12 month to get through the C19 aftermath. Stay safe.
Post tonight about oil being transported by BOCA whilst ex employees protest peacefully??
https://www.newsgeorgia.ge/byvshie-rabotniki-kompanii-frontera-proveli-akciju-protesta-v-dedoplisckaro/
Several dozens of people gathered at the company's office in Dedoplistskaro, and do not pass trucks carrying oil.
Frontera probably already sold this oil, and another company wants to take it out. We are against this and act within the law. We demand to pay salary arrears for 11 months, ”the protesters said.
Drivers whom protesters do not miss said they were hired by Boca and arrived to transport oil, but have been waiting for loading for more than two hours.
In this situation, the protesters accuse the director of the company Zaza Mamulaishvili and demand his dismissal. They also demand that the Ministry of Economy immediately connect to the issue of paying them debts.
“We barely breathe, our economic situation is so difficult. We have bank debts, our houses are being sold. And now they are claiming that the company has incurred losses due to our strikes and are threatening to deduct the amount of damage from our salaries, ”the protesters said.
Recently, former Frontera employees held a protest in Tbilisi. The protesters had two basic requirements - that they were paid wage arrears and reinstated in their previous positions.
Likely nothing but Solo have re-appeared on my quick pick list today. Have been unable to list them there since suspension.
Do we have warrants at 2.5p that must be exercised within 7 days notice of GGs request? Just from memory, on nights at work so no time to search at present. This would fund the Scally work scope for us. It may also have been from a different share.
I messaged Tim in the New Year regards a different share. Frontera was mentioned in my mail but not pushed. He replied and commented on the other share only. So Flagstaff is still active. GLA
He seemed pretty confident, 'due diligence completed & legal procedures undertaken'. I expect them to list as stated. It may take some months before drilling happens but hopefully once listed a drill plan will be issued. ASX are quite strict so better updates than AIM. Interested to see what price and no. of shares etc. Would Solo invest more? We have a man on the BoD with insider knowledge of the expectations. GLA