Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
So...do we think FRR and it's large gas reserves will :
1. be sold lock, stock and barrel for full development by a SM sometime in the very near future?
2. continue under FRR management with staged development through possible farm-in / partnership and licence extension
3. remain caught up in legal issues for the next 2 years and miss out in this opportunistic moment
I'm interested in what the sensible people think (not wishful thinking)
The idiots are filtered anyway.
https://l.facebook.com/l.php?u=https%3A%2F%2Ftwitter.com%2Fcarolecadwalla%2Fstatus%2F1509612988973649921%3Fs%3D25%26t%3DBEkvaWWPdQfg5C2ArO-BWw%26fbclid%3DIwAR3cU3aVss1pTiWu1t3opzOHJm0oPvyUgesbTydpzg4s3MaNT9wxJIKjrA4&h=AT3TEwXnlHSRgdhYN9iWLHhagPJUhKfLlla8mRNSpfMYssTo3B9Rqf9hyks7kZoaa3lpAnKzuk4C43JC-xpus0uPgTIQPhDEmJLrHUBs7wMszVS9D1UyNOg8gnvc4NI9D0Im77pD
Boris has taken the lead on this??? Ehhh - naw he hasn't.
The current FRR board would not be going through all this for no financial gain - right? That would defy logic.
Surely (hopefully) we are seeing some kind of strategic plan being played out here - mainly behind closed doors. They must have an end goal - sale or extraction otherwise it’s a pointless exercise.
The missing part for now is what is actually under the ground, what’s extractable and how much is that worth? As shareholders we need this information to then make informed decisions as to what we do should the company relist. Personally I’d prefer a full asset sale and move on. How nice would that be ??
Until then, Let’s keep the positive vibes going and hopefully our super-sleuth “Looed” will guide us all safely to our final destiny ????
Given the energy crisis that Europe faces, would it not be sensible for one of the majors to buy out FRR and all their associated nonsense, to get access to its large area of natural gas - ie block 12? Assuming they have what they say they have ??
Arsenal - with all due respect, we have no clue as to whether the company will ever return to producing, trading or even communicating again - never mind it being relatively soon ! Same ****, different year.
3 years gone and not a peep from Nicandros - that says it all!
I echo the comments made by Prod.
Nice to hear something vaguely positive but I want to see FRR communicate direct with SHs. I want to see a message from Steve apologising for the **** show over the last 3 years and reassuring us that the train is now back on track and the plan is this …etc etc
This is the minimum required given what has been revealed today.
Looed , as I’ve requested in the past - if you have a route to the top then please forward this request on behalf of ALL shareholders.
Thanks
As always we are left with scraps of info trying to piece together.
will the “real” FRR please stand up - and communicate to its investors.
Slim shady
I have tried also - a number of times - same result.
As I said, I’d prefer a statement too all - not a select few.
3 years is a longtime with zero comms - regardless of how precarious things are. I wonder what they actually do on a daily basis ??
Looed (and others)- you do a wonderful job digging up info for all shareholders - thanks once again. As much as I appreciate this, I am far from satisfied with the process to which we all seem to have accepted as the norm for comms.
It's almost 3 years since the company last provided a formal communication to its shareholders. Does Steve Nicandros really think this is acceptable? I get the fact WE are not top priority and the company is fighting many battles, but surely someone within FRR understands that a "zero comms policy" isn't the right way to treat shareholders. Surely someone can put together a "Status Update" comms to bring everyone up to date with what's going on - court cases, restructuring, GOV discussions, timelines, plans etc.
Looed, you have a route to the board - could you please pass this on and ask them to communicate?
thanks
If the company is really working towards a way forward and believes it can recommence it's exploration/drilling campaign then it needs to show it's shareholders (investors) that it has a plan to make this a reality.
The company needs to put out an official statement indicating where it stands and how it intends to progress its relationships and plans in Georgia.
Continued silence is simply inexcusable.
Court cases, restructuring, discussions with Government- all ongoing but wouldnt it be nice if the company gave some insight into what is happening and when ! A summary comms.
Looed - are you able to request some kind of generic update that extends a bit further than previous vague statements. Surely they have some kind of plan and schedule they are working towards - a rough timeline, the current and future objectives etc etc ??
What does everyone think ?
Message I received back from II -
The Frontera Resources shares has been
deemed worthless and the SEDOL code was removed from the business market,
according with corporate actions department if you the company reigns to
business activity it will be under a different SEDOL code which you will have
to acquire on the market.
This was in reply to me asking for confirmation on number of shares held prior to delisting.
What’a the general consensus here- is it
A. Hold and wait despite lack of evidence and comms on future possibilities and timescales ?
B. Take a hit and move on.
C. Keep checking LSE chat everyday for nuggets of info while getting more frustrated that we don’t know what’s going on?
I’m undecided but I’m edging towards taking a big hit and moving on. Is there anything that should sway me the other way? Confused.com
Cheers
I’ve got to admit, I’m sick of all this!! Snippets of info here and there, constant speculation as to what is “really” going on and all of us hanging on by a thread waiting for the next piece of news. It’s pathetic!
What course of action do we have collectively here ? So we have any? I simply find it appalling that we have to rely on Looed to hear anything directly from the company - if that really is the case.
If this is going t&ts up - do we have any means of taking action? Nomad ?
I’ve tried emailing linemayer but I get no response.
Surely we are due an explanation direct from the company ?
Yours aye scunnered
I’m in agreement with Prod - we need clarity on what exactly is going on. If this can be relayed back to SN/the BOD or whoever is communicating then please do so. It’s time for transparency and stop with then pointless, vague statements that do nothing other then kick the can further down the road.
Looed - your investigative work and involvement in this debacle has been of great value to everyone - are you able to express our need to have more detail on what is currently happening and what this means to shareholders ? Ta
"Frontera's board is continuing to advance efforts on behalf of all of our stakeholders to correct issues left behind from former management and set the stage for continued growth."
I’d like to see a bit more detail than this. These generic statements almost have no meaning whatsoever. Can we request a formal communication which actually tells us what they are doing to fix this mess and how they plan to move things forward to achieve their proposed continued growth.