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Hmm, please explain your 1.2p estimate... You do know, Greenfield is 100% owned by Tomco?

I won't be excited until we break the .7 - .8 range. Its just small trades fluctuating the price at the moment.

think its been a waiting game for over 3 or 5 years now...

But what if that empty box is just a coffin?

I predict a 10p relist, however this will be in the new company that emerges... shares will be reissued at a consolidation of 100,000 to 1. So that means folks, for every 100,000 shares you owned in FRR they will give you 1 share in the new company with a nominal value of 10p Lol, just my tuppence worth...

I would happily take 1p a share at the moment. Probably smile and shake your hand at half a penny. Just wish this could be over either way.

Well Ud-2

As previously announced by the Company on 8 May 2018, Extended Well Testing ("EWT") at Ud-2 well, situated in Mtsare Khevi Gas Complex of Block 12 in Georgia, commenced on 21 April 2018.

The Company perforated and with 57 tons of proppant mechanically stimulated 9.5 m out of gross 27 m interval situated between 2519 m and 2446 m of Middle Miocene aged Zone F. During the clean out phase the well flowed dry natural gas, carrier fluid with some proppant and cement particles. It has transpired that cementing around the casing at this section was of very poor quality and, accordingly, did not allow achieving a designed fracture geometry during stimulation and prevented continuous clean out process of the well. Maximum flow rate of 150 000 sft3/d of dry gas has been recorded during the testing period.

Based on the current well test result, the reconfirmation of the presence of Middle Miocene aged gas in Zone F and the potential to increase stimulation efficiency by improving the fracture geometry, the Company is considering the option of sidetracking from the existing wellbore of Ud-2 well. In the meantime preparations underway to plug and abandon the well.

UD2 produced a flame apparently.. A Still photo of this was published. No video was ever seen, so it may have produced gas for 2 seconds or 2 days, we will never know unless they unplug it. UD2 was plugged aand abandoned was it not? Or am I mixing up my wells now?.

Nobody really knows what frr have left. Frr probably are not sure what they have left. As far as I am aware, frr do not have any feet on the ground in Georgia. If anything is being worked on it will be gogc that will be doing it and selling it. Unless someone has evidence that frr have an actual team in Georgia.

Well in my humble opinion, I think we are about to see a big change in management. The business needs to be more focused and informative... how do you achieve that? Being in fresh blood a d get rid of old baggage. Let's see how this pand out over the next few weeks....

Rivaldo, do you work for Touchstar?

Sadly, reading this now, I can see how much bull was involved. We still do not know a definitive answer as to why our NOMAD walked. Could it be that they realised how much bull was being churned by Zaza, that they felt they had to walk before they were taken to the courts too for misleading investors?

Not quite so simple, when they over night announce a consolidation and the price drops. You get locked in.

Technically, us share holders have been funding it. Think of all the money they raised and salary they took. I can imagine Steve has a substantial bank account. I bet he won't be worried about how he is going to pay his gas and electric bill. Yet alone worry about turning on the heating...

Chad, double or triple you reckon... wow, that would be amazing... I only need a 100x here to break even... Thats 9p a share to break even... but Im sure by 2023, there will be another rinse and repeat just to add more..

I would happily take 1.5p per share.

FADEC92- Any big buys will take it up further.... You are a genius... I never understood how the stock market worked. I thought the price just went up and down depending on the direction of the wind. Thank you for enlightening me. So Supply and Demand is a real thing.

In May 2016, in Texas, Vladimir Plakhotnyuj, accompanied by Steve Nikandros, was talking about Moldova’s investment possibilities and then Zaza Mamulaishvili voiced his intentions to invest 500 $ mln to the country thus creating new jobs with decent salaries. But later, the project wears thin.
If you wish to learn more on how the Cayman millionaires had brought Frontera to Moldova, click here.
The events in Ukraine and in Georgia had unfolded according to the same scenario. In Georgia, Stephen Hope, the already mentioned top-executive of Outrider Management, was practically begging the Georgian authorities to hand over the oil field development licence to the fund; the licence once obtained by Frontera Resources Corporation that then went bankrupt.
Therefore, all the political assistance and even financial contributions on the part of the EBRD did not help the Tbilisi doctor despite all his connections. And now it is the Californian funds that have to find a way out, and these funds clearly have their own displeased clients/investors.
Despite the small size of the assets under management, the input threshold for Outrider Management’s investors constituted no less than US1 $ mln. Thus, the wronged contributing participants are basically millionaires. And it is not hard to assume that the Californian company is now trying to solve a number of problems simultaneously. And the Kazakh authorities may prove to be very useful in this undertaking.
Argentem Creek’s attorneys believe that it is the Kazakh government that is behind adding Outrider Management as a cliamant.
«Adding Outrider as a claimant is just another diversionary litigation tactic by Kazakhstan’s Ministry of Justice aimed at frustrating the payment of the ECT award — an award that was granted after a Swedish Arbitration panel ruled that Kazakhstan had illegally nationalised the assets related to Tristan Oil. The allegations by Outrider are entirely baseless, as are the allegations brought by Kazakhstan. The Svea Appeals Court and the Swedish Supreme Court’s decisions upholding the award remain final and non-appealable. The Ministry of Justice is still fighting a battle that they lost years ago», says Paul Butler, partner at Akin Gump Strauss Hauer & Feld LLP, representing Argentem Creek Partners.
No one knows the motives of the Ministry of Justice of the Republic of Kazakhstan. They either simply want to buy themselves some time or the head of the Ministry Marat Beketayev has got some secret methods that he intends to employ. So far, however, his strategy looks more like a “raid of the doomed”.

The representatives of Frontera Resources Corporation are denying Outrider Management’s participation in the funding of the company’s projects. According to them, in 2011, Outrider's Cayman Islands based investment fund purchased a portion of Frontera's then privately held debt in a liquidation sale at a deep discount from a third-party debt holder. Frontera Resources Corporation says that, after this purchase, the fund’s representatives started using debt instruments to interfere with the company’s business in an attempt to create an advantage to achieve an inappropriate takeover and liquidation of the company. Currently, the company is settling the disputes with the fund in courts.
The company was founded in the 1990s by Bill White, an influential Democrat, who served as Deputy Secretary of Energy under the Clinton Administration and then was appointed the chairman of the Democratic Party in Texas.
The high point of White’s career was his appointment as the Mayor of Houston, the capital of the U.S. oil industry. He had served at this post from 2004 until 2010. It is in Houston that the Frontera Resources Corporation (the head structure of the entire Frontera network) main office is located.
In the 1990s, when the company was founded, her investors included influential representatives of the U.S. establishment. However, in the process of later transformations of the business, Steve Nikandros and Zaza Mamulaishvili became the main public representatives of the company.
An Unlikely Partnership
In this tandem, Steve Nikandros represented Houston and Zaza Mamulaishvili represented the former USSR. In 1989, the graduate of the Tbilisi University’s Medical School arrived in the U.S. where he intended to continue his medical career but ended up as an oil and metal trader. The Metex company that Mamulaishvili managed was engaged in exporting steel and non-ferrous metals while the MTA company was importing oil from Russia and Kazakhstan to the U.S. Simultaneously, the ties with Frontera were being established.
In one of the interviews to a Ukrainian media, Mamulaishvili stated that Bill White began working with him following the order of Bill Clinton whose Administration was trying to find ways to export the Caspian oil. As a result, Mamulaishvili (according to his own statement) was engaged in the negotiations with representatives of several countries at once — Azerbaijan, Georgia and Turkey. The negotiations resulted in constructing the two pipelines from Baku to Supsa.
One may treat this kind of statements light-heartedly but Mamulaishvili’s plans were quite big indeed. And, each time, they were lobbied through political channels. For instance, Frontera had managed to obtain the licence to operate 40% of the Moldovan territory for the purpose of developing oil and gas fields thanks to the support of Prime Minister Pavel Filip and oligarch Vladimir Plakhotnyuk, the then backstage leader of Moldova.

Meanwhile, according to the information provided by our insiders, Outrider Management used to own a block of bonds and it had even participated in the committee meetings thus supporting the claims filed by the Stati family against the Kazakh government. Later, however, the company had sold its block of securities and exited the stage.
One can only guess why it has come back. What’s more, it’s come back supporting the former opponents. But the fact that the intentions of the U.S. investment company are being articulated by the Kazakh Minister of Justice is indicative in itself.
A Small Firm with Big Connections
The history of Outrider Management that is registered in an office centre not far from the San Francisco airport is actually quite suggestive.
The number of its employees is unknown. Stephen Hope who has been managing the company’s asset portfolio since 2003 often acts as its representative. Up until recently the company’s CFO Julia Ruthven had also been performing the role of the speaker but, in 2017, she left the firm. Now the names of Jennifer Collins and Scott Dakers appear in the reports on the company’s staff submitted to the U.S. Securities and Exchange Commission.
According to the same reports, the value of the assets under the management of the company’s funds amounts to a little more than US33 $ mln. Of course, this number is minuscule even by the standards of modest players of the investment market.
What’s curious is that the reduction of Outrider Management’s assets has been happening in a particularly accelerated fashion during the past years.
In 2014, the company owned the controlling stake in Jaguar Mining Inc, a Canadian company engaged in the development of the gold-fields in Brazil. But that’s in the past. Now Eric Sprott is the majority shareholder of the company.
One can say that Outrider Management’s equity participation in Madagascar Oil Limited, an oil company engaged in the development of bitumen oil fields on the territories belonging to this island state was not a big success. The company’s relationship with the Madagascar authorities was complicated — its licence was once revoked. Now the company is still operating, however, starting from 2016, its shares are not listed at the London Alternative Investment Market (AIM).
However, it is the ties with the Frontera Resources network of companies engaged in several projects on the territory of the former USSR that, for Outrider Management, has turned out to be the most scandalous relationship. Outrider Management had been funding these projects and now acts as their main co-owner.