Member Info for Kippermanbike

With all these Form 8.5 RNS, I am begining to get feeling that we are being taken over through a back door.... Probably not, but something is going on...

Neither. Its based on whichever company who wants to buy feels is the right price. So the value of whats in the ground is used, but thry also take into account how much it will cost to get it out and process.

well, he came, he showed, and now zaza has disappeared off Facebook...

Having taken a good look at the Facebook page, its legitimacy is looking good. However, history only goes back to 30th june. Reading comments on each article, I would say it has definetly been set up in georgia and the comments are from Georgians. Over 700 Georgian friends. Could this be set up by bots? Maybe, but it all appears to be on frontera side. So who would set up such a page? Not Russia. If it is zaza, good on him, its a way of getting information out.

Yes, but is it legit? Possibly.

Google translation is below... did anyone know zaza was on facebook? Over 700 friends, all appear to be Georgian.

Do not spread false news ... The government has lost the international arbitration! And paid GEL 42 million for this loss. The government did not show good will, but avoided the illegal expropriation of property due to the international reaction, which would make Georgia look like Maduro Venezuela and Putin's Russia. If the government had not illegally blocked the export of oil to our company, if it had not frozen its bank accounts and repaid the VAT owed to the company in accordance with the contract and the law, as well as fulfilling other terms of the contract, the company would not have been fired. On the contrary, it would employ more people and bring more good to the country. Do not deceive people ........

anyone else seen the comment by zaza m on Facebook? Look on the frontera resources fan club... no idea if it legit, but it sounds it

Baker Hughes: $746 million (£600m)
The UK government has also provided one of America's largest oil and gas services companies with financial assistance of £600 million ($746m), yet Baker Hughes has a fairly strong UK presence with 1,600 employees in London and Aberdeen. The firm is pursuing an aggressive $1.8 billion (£1.5bn) restructuring programme to mitigate the effects of the pandemic.

Romanian daughter of Austrian OMV will search for deposits on the shelf of Georgia
Romanian OMV Petrom, daughter of Austrian OMV, won the tender for the II license block on the shelf of Georgia
Tbilisi, Jun 25 - IA Neftegaz.RU. The Ministry of Economy of Georgia summed up the results of the tender for the right to conduct geological exploration ( geological exploration ) and hydrocarbon production on the shelf of the Black Sea.
This was announced on June 25, 2020 by the Minister of Economy of Georgia N. Turnava.

An open international tender for the right to conduct geological exploration and oil and gas production at the II and III license blocks of the Black Sea was held by the Oil and Gas Agency of the Ministry of Economy and Sustainable Development of Georgia (SAOG) on June 22, 2020.
The Romanian OMV became the winner of the tender for the II license block Petrom, daughter of the Austrian OMV.
According to the Ministry of Economy, offshore drilling will begin after seismic surveys.

Previously plannedthat the Georgian government will announce an auction for the development of oil and gas resources in the Black Sea at the end of 2019.
By this time, the study of the potential of the Georgian sector of the Black Sea, conducted by ExxonMobil, should have been completed.
However, the competition was announced in January 2020.

Georgia is the only country in the Black Sea basin where there is no prospecting and extraction of oil and gas on the shelf.
At the same time, there are promising subsoil deposits for the extraction of hydrocarbons on the shelf of Georgia.
So, in 2000-2009. Anadarko conducted geological exploration in the Georgian sector of the Black Sea and discovered promising oil reserves in 2 subsoil areas in the amount of about 140 million tons.

Georgia is not able to independently develop offshore oil and gas deposits, however, foreign partners are also actively involved in the development of onshore deposits.
One of the main foreign oil and gas companies in Georgia since the 1990s. was an American Frontera Resources.
In 2016, the company announced the discovery of 5.3 trillion cubic meters of gas in eastern Georgia , promising to begin exporting gas to Turkey and Eastern Europe in 2021.
Later, these statements were not confirmed, and in 2020, during lengthy court proceedings, the Georgian authorities terminated the contract with her due to violations of its terms.

Therefore, the Georgian authorities approached the choice of a partner for offshore projects very seriously.
One of the competitive conditions was the availability of at least 5 years of experience in the search for or extraction of oil and gas offshore.
OMV Petrom quite successfully works on the shelf of Romania, even despite a number of problems that arose due to changes in the country's legislation.

Author:
A. Chizhevsky

Source: Neftegaz.RU

this was a message I got from an ex employee at frontera. I posted it when I got it, but it makes more sense today...Thank you.

Yes, I still believe in savviness of Zaza and Steve, and that cooler heads in the local government will prevail.
29th October 2019

Not my understanding. I see it as cerp selling shares to Bahamas. I'm sure someone will correct me if I'm wrong.

lol, some people do not understand how a market works... It has very little to do with the POO. Supply and demand is what makes the share price change, simply put, if no one was selling and there were people wanting to buy, the share price goes up. or if people want to sell but there was no one buiyng, then the share price goes down. When a company annouce great news, demand goes up and the SP goes up. I dont think it can be put any simpler than that. Currently CERP is being bought out (Merged ) with BPC, so shares have to be traded across. Until the merge is finished, you will see a daily fluctuation in the SP. Played correctly, you can day trade this share and make some money. However you have to be very careful as the spread makes it nearly impossible. Lets mention spreads... I notice some one posting the SP was up by XX% each day... When you take into account the spread, the share price is pretty constant. I hope this helps some people with understanding markets. There is a lot more to it, but seeing as there are so many novices on here, its a start. (Buy a share today for £1.00, Tomorrow the SP shows a 10% rise, however the MM put a 10% spread on. Sell your share, and you will only get £1.00 for it. Not £1.10. The spread has taken that 10% Market makers have to make money too.)

Hi all, the .L after the 3 letter ticket code represents the exchange that the stock is or was listed on. In this case, L = London Stock Exchange. That is all. Does not mean anything new is happening, its just LSE has caught up and keeping things standard across the board.

I would agree, the company is undervalued at present. They have turned things around, cash generative and profitable. Current markets are up in the air due to COVID 19, but sooner or later this will get a re-rate and will edge closer to the 100p mark. As the saying goes, wouldnt want to be out when it moves, small market cap, very little trade, it will not take much to really make it move. Wish I had some surplus cash to buy more.

They need to get a move on with these results, people losing confidence and the share price diving...

Results were due mid April, but under the current circumstance, they also said, they may slip due to the auditors working practice. So yes, due any day now... Looking back, the results should be good too, as they initially said, "better than expected"

I think under current circumstances, you will be lucky to hear any update. I do agree however, I should imagine its business as usual for the company.

Let's be honest here, we are not going to see any real movement in the SP until this Pandemic blows over. SP could well go down further, and it could go up a few % but there will be no real movment whilst we are in this pandemic. Sit back, look after yourself and wait for this to blow over.

Thanks, you asked a question and it raised one in me, why had Gordon gone quiet? Well, a quick google, and this is what I found. Didnt know the guy personally, but neverthe less, he came across as a good guy. I believe he was part of a team, and they have unearthed some interesting facts. They put things in plain english which makes it easier to understand. pandora's box investigations