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Thanks Unc J for reassurance. Fingers crossed my 4 yrs were not a waste of time.
Going private by GC.
Sorry i may be wrong . I thought it was just to do with sept options but its affected all my portfolio.
Rns monday for buyout at low price.
That looks bad.
Options closure date..
Much appreciated.
Thanks Looed.
Much appreciated for your efforts. When do you expect F.M. to end or new PSC to start from?
Also, both Zm and Sn hold and bought millions of shares before it was delisted. I accept they may sold but not declared although that would be illegal.
I'm not sure I agree but very annoyed with mngmt.
Why as many have stated are they fighting over a empty box?
Why don't Management just put us out of our misery and say theres nothing? what moronic people are they to allow us to suffer this long if all is lost.
Why make statements to Atlantic Council and other industry experts that are inaccurate and cause reputational damage to the company but also tarnish his fathers legacy (SN senior).
Just doesnt add up.
Is the main hot spot for the Gas way below where they're not expected to drill. Sure I read or heard something from the arbitratio n papers.
Sorry for your loss bottmzup. Keep the patience.
Levan Davitashvili current energy minister and Steve Nic have had previous dealings. Dies this put us in better position ?
https://mepa.gov.ge/En/News/Details/11630
As Looed pointed out that the company did make announcement last yr behaving like they still believe they own PSA.
What can we glean from below article?
Does below indicate that they are talking to Nic and co? Or is she rederring to Green Capiral? If Zaza is being critical why would they be supporting Green Capital.
Also, note date Aug 2021.
https://www.google.com/amp/s/report.ge/en/amp/economics/turnava-frontera-i-am-sure-that-we-will-reach-an-agreement/
Turnava "Frontera": I am sure that we will reach an agreement
04 August, 2021 / 19:09
"As for the false information spread today, I would like to call on the TV channels that spread such unverified information to check who their respondents are so that they do not find themselves in the embarrassing situations like this one," the Minister of Economy and Sustainable Development Natia Turnava responded to the accusation made on behalf of the former manager of the American company "Frontera" as if the Georgian side is obstructing the activities of "Frontera."
"Today, the American" Frontera "made a statement that the gentlemen who speak on behalf of "Frontera" do not represent this company at all. Therefore, I call on everyone to calmly verify the information and avoid speculation," Natia Turnava said.
"Although we did have an arbitration dispute with the American Frontera, we have been cooperating quite constructively ever since," said the Minister of Economy and Sustainable Development.
"He looked at me and said something on the lines of, nothing is ever guaranteed and things can go wrong, be careful."
That was a red flag and didn't match the public statements. The same cnt was making statements like "no better investment on Aim", very excited... blah blah
Criminals..
https://www.kboc.ge/en/about/
Kurabasin co
So has something changed between March 22 and Now?
Can anyone still access the website?
Search georgia energy profile - net. Note co funded by the EU
1st of March 22
Oil and gas exploration in Georgia is conducted by 11 investors under
23 production sharing agreements (PSAs). There are 338 active wells, and nearly
30 000 tonnes of oil and 10.2 mcm of gas were produced in 2020.
PSAs are executed in most of the country's oil and gas prospective land areas and
the Black Sea shelf. Oil and gas operations in Georgia are carried out by the
following contractor companies: oil company OMV Petrom S.A (Black Sea II
licence block); Ninotsminda Oil Company Ltd (licence blocks XIE); Nazvrevi Oil
Company Ltd (licence block XID); Martkopi Oil Company Ltd (licence block XIC);
Frontera Eastern Georgia Ltd (licence block XII); West Gulf Petroleum
Engineering Company Ltd (licence block V); Georgia Coalition Energy Ltd (licence
blocks VIA, VIB); Georgia Oil and Gaz Ltd (licence blocks VIII, XIG, XIM, XIN, XIC
Martkopi, XIC North Satskhenisi, XIV, IXA, XIK, XIL, XIA; XIH); Nautic AWT
Energy Pte Limited (licence block VIIB); JSC Georgian Oil and Gas Corporation
(licence block XIB South dome of Samgori); Block Energy (licence block XIF, XIC
Norio-Satskhenisi, XIC satskhenisi, IX, XIB).
P23
Ninotsminda Oil Company, a subsidiary of Blake Oil and Gas, extracts associated
gas in the Ninotsminda oilfield, and Jindal Petroleum Georgia, an Indian company,
extracts associated gas along with oil on the XI B licence block. The Romanian
company Marexin is carrying out gas hydrate extraction on the Black Sea shelf,
and American-owned Frontera Resources produces minor amounts of gas and
has announced the discovery of huge gas reserves, although no progress or
confirmation has yet followed.
The company link thorough below page not working...
https://pitchbook.com/profiles/company/127763-29#:~:text=Frontera%20Resources%20Corp%20is%20an,in%20the%20Republic%20of%20Georgia.
Also, anyone know when sote was last updated?
If BLOE and GOGC can offer updates on their developments during a war, don't see why FRR can do the same.
Perhaps we should reach out to other parties and ask them, rattle a few feathers, e.g. ask Atlantic council on why we're being treated like this by a western company that proposes sit on massive energy resource.
Any words of wisdom from from Kickmuk, B20 etc..
Thank's Looed.