Member Info for Looed

Another version – its popping up everywhere now

"Frontera appeals to the Prosecutor General's Office to initiate criminal proceedings against its former employee Zaza Mamulaishvili

The international oil and gas company Frontera, which accuses its former employees Zaza Mamulaishvili and Green Capital of trying to misappropriate Frontera's business in Georgia, is appealing to the Prosecutor General's Office. The company believes that Zaza Mamulaishvili and his associates should be prosecuted for all illegal actions against Frontera. Frontera applied to the General Prosecutor's Office of Georgia on July 14, 2021.

"In August 2020, the board of directors of" Frontera "removed all corporate powers related to the company to Zaza Mamulaishvili and, consequently, dismissed him from his position. "After that, Frontera started legal actions against Zaza Mamulaishvili in the USA and Georgia in order to protect and maintain the long-running business of Frontera in Georgia," the company said.

According to them, on June 11, 2021, Frontera Resources Corporation won a temporary security measure in the 281st District Court of Harris County, Texas, which, among other things, prohibits Zaza Mamulaishvili and his affiliated company Green Capital from banning Frontera assets in Georgia. , To compete with Frontera in any form and to carry out any operational action related to Frontera's business in Georgia.

The company says that this decision made by the court in the USA is extraordinary and requires meeting the high standard of proof that "Frontera" was able to. Therefore, Zaza Mamulaishvili, "Green Capital" and its affiliates should stop any action against "Frontera" and its interests. action".

https://imedinews.ge/ge/sazogadoeba/213005/prontera-tavis-kopil-tanamshromels-zaza-mamulaishvils-da-grin-kapitals-biznesis-taglituri-gzit-misakutrebis-mtsdelobashi-adanashaulebs

English version Pt.2:-

In this context, on June 11, 2021, Frontera Resources Corporation obtained a Temporary Injunction in the 281st Judicial District Court of Harris County, Texas, USA that, among other things, prohibits Zaza Mamulaishvili and his affiliated company, Green Capital, from 1) converting Frontera’s assets in Georgia, 2) competing with Frontera in any way and 3) conducting any operations associated with Frontera’s holdings in Georgia. This is an extraordinary action by any court in the United States, and Frontera met the burden of proof required to set the order. The court issued this order because it recognized the irreparable harm that would ensue if such an order were not granted and enforced. Accordingly, Zaza Mamulaishvili, Green Capital and their associates must cease and desist from any and all competition with Frontera and its interests. Also, on July 14, Frontera initiated criminal proceedings in Georgia against Zaza Mamulaishvili with the Prosecutor General of Georgia, Mr. Irakli Shotadze, and it intends that Zaza Mamulaishvili and his associates will bear the full criminal responsibility for all wrongdoings against Frontera in Georgia.

Frontera is working closely with the Government of Georgia regarding its return to full operations and is very appreciative of the Government’s constructive support.
https://www.interpressnews.ge/en/article/115008-attempted-theft-of-us-companys-business-stopped/

English version:- Pt. 1

Statement by "Green Capital" and Zaza Mamulaishvili aims to mislead the public

Frontera Resources Corporation, a Houston, Texas U.S.A. based international oil and gas company that has been working in the country of Georgia since 1997, today announced that, on August 3rd, Green Capital and Frontera’s former employee, Zaza Mamulaishvili, issued a fraudulent letter in the press associated with their failed theft of Frontera’s business in Georgia. This letter was issued by their common lawyer, Giorgi Kishmaria, who formally represents both parties. It contained false claims and misrepresentations as to Frontera’s business in the country of Georgia and also attempted to induce U.S. and EU diplomatic support for their fraud.

The statement issued by Green Capital , a suspicious Georgian entity acting in collusion with Zaza Mamulaishvili, a Georgian national and former Frontera employee, is intended to mislead and damage Frontera. The message also attempts to mischaracterize the Government of Georgia as hostile to foreign direct investment from the United States. This statement amounts to tortious interference with Frontera’s business in Georgia and Frontera has taken action in response to this illegal behavior.

Green Capital and Zaza Mamulaishvili are in no way associated with Frontera Resources Corporation and its affiliates. They are not authorized to utilize Frontera’s name and brand. Moreover, they are in no way connected with U.S. interests.

Frontera’s board of directors dismissed Zaza Mamulaishvili from all corporate responsibilities with Frontera in August 2020 and thereafter terminated his employment for cause. Subsequently, Frontera initiated legal action against him in the United States and in Georgia in order to protect and preserve its longstanding business in Georgia.

Pt. 2
Frontera is working closely with the Government of Georgia to bring it back into full operation and at the same time appreciates the constructive support of the Government of Georgia.
https://www.interpressnews.ge/ka/article/668561-grin-kapitalisa-da-zaza-mamulaishvilis-mier-gaketebuli-gancxadeba-miznad-isaxavs-sazogadoebis-shecdomashi-sheqvanas

Pt. 1

Texas-based Houston-based international oil and gas company Frontera Resources Corporation, which has been operating in Georgia since 1997, said on August 3 that Zaza Mamulaishvili, a Green Capital and former Frontera employee, had published a letter to the press linking them. Unsuccessful attempt to illegally own Frontera business in Georgia. The letter was published by their common lawyer, Giorgi Kishmaria, who formally represents both parties. The letter contained false allegations and information about Frontera's business in Georgia; The purpose of the letter was also to gain the support of the diplomatic missions of the United States and the European Union against their fraudulent actions.

"Green Capital" is a Georgian company with a dubious reputation, which operates in agreement with Zaza Mamulaishvili, a former employee of Frontera, a citizen of Georgia. The statement made by Green Capital and Zaza Mamulaishvili is aimed at misleading the public and harming Frontera. This message also seeks to portray the Georgian government as hostile to foreign direct investment from the United States. The statement is a harmful interference in Frontera's business in Georgia, in connection with which Frontera has responded.

Green Capital and Zaza Mamulaishvili are in no way associated with Frontera Resources Corporation and its affiliates. They are not authorized to use Frontera's name and Frontera brand. Moreover, they are in no way related to US interests.

In August 2020, the Frontera Board of Directors removed all corporate powers related to Frontera and dismissed him from office. After that, Frontera started legal actions against Zaza Mamulaishvili in the USA and Georgia in order to protect and maintain the long-running business of Frontera in Georgia.

In this context, on June 11, 2021, Frontera Resources Corporation won a temporary security measure in the 281st District Court of Harris County, Texas, which, among other things, prohibits Zaza Mamulaishvili and his affiliated company Green Capital. , 2) to compete with Frontera in any form, and 3) to carry out any operational action related to Frontera's business in Georgia. This decision made by a court in the US is extraordinary and requires meeting the high standard of proof that Frontera has been able to achieve. The court made this decision because it considered that the inadmissibility and non-enforcement of such a decision would cause irreparable damage to the frontier. Accordingly, Zaza Mamulaishvili, Green Capital and its affiliates must stop and refrain from any action against Frontera and his interests. At the same time, on July 14 of this year, Frontera addressed a statement to the Prosecutor General of Georgia, Mr. Irakli Shotadze, requesting the initiation of criminal proceedings against Zaza Mamulaishvili. Frontera intends that Zaza Mamulaishvili and his associates be held accountable for all the illegal actions they have committed against Frontera in Georgia.

Thanks again to cymro1864.

Both articles are new. The mtavari piece has a 5 min interview embedded that has the Green Capital lawyer and ZM talking (ZM from the 2:50 mark). Interview has been sent to the translator.

Arsenal221 - I think ODR1 is right. Green has been stopped in Georgia via the GG appeal and we don't yet know how FRR have progressed with their appeal. We know about the T.I. which this letter completely ignores. They rely on the Green contract which Texas rejected. They now claim the courts that originally found in their favor are now acting illegally and the decision is unjustified. The GOGC etc have ignored all Greens attempts at outreach. So having previously relied on the courts now their only option would appear to be this seemingly desperate attempt to try and find a way to bypass the courts. I can only assume they have gone public as all private overtures have failed. Hopefully we will hear something from FRR soon.

Pt. 4 (final part)
With an extract from the Entrepreneurial Register.
In view of all the above, we request you to petition the Government of Georgia to immediately lift the illegal and unjustified seizures made by the Tbilisi Enforcement Bureau. By removing this restriction, Frontera Eastern Georgia, as an operating company, will be able to sell oil and gas, the income from which will be fully used for oil and gas operations.
We can not ignore the support of the US Congress for the policy pursued by the Georgian government towards Frontera Resources Georgia Corporation, in particular, the statements of congressmen who single-handedly protest and support Frontera as part of its activities in Georgia. Numerous statements and appeals around Frontera have been made to the U.S. Department of State and Congress.
Green Capital and Frontera Eastern Georgia have also repeatedly addressed statements to the Prime Minister of Georgia, the Parliament of Georgia, the Ministry of Oil and Gas Corporation and the Ministry of Economy, but to no avail, as the state has a direct interest in the dispute.
In view of all the above, please use the powers granted to you by law and within the scope of your competence:
Make recommendations for a fair outcome of the case;
Focus on the violations identified by me during the court proceedings;
Call on the executive and judicial authorities to suspend enforcement of the judgment of 26 April 2021 on the application of the security measure;
Within the scope of its competence, issue conclusions and recommendations on this issue in order to avoid further violations;
Please petition the Government of Georgia regarding the meeting due to urgent necessity and the meeting should be held with your direct involvement.
Sincerely, Giorgi Kishmaria, Lawyer of Green Capital and Frontera Eastern Georgia

https://www.interpressnews.ge/ka/article/668394-grin-kapitali-da-saoperacio-kompania-prontera-istern-jorjia-ashsh-is-elchs-da-diplomatiur-korpuss-mimartavs-davis-mshvidobianad-dasrulebistvis-sakartvelos-mtavrobastan-ushuamdgomlon-r/

Pt.3
1.2 Green Capital Ltd. (including its designees at Frontera Eastern Georgia Ltd.), its subsidiary Frontera Resources Georgia Corporation Georgia and Frontera Eastern Georgia Ltd. have been banned directly and / or through affiliates, or Seize / dispose of the real estate and movable property owned by Frontera Branch and Frontera Eastern Georgia Ltd. And gas and other property.

1.3 The execution of the writ of execution of April 1, 2021 issued on the basis of the decision of March 31, 2021 was suspended. Green Capital, as well as Frontera, were banned from selling oil and gas.

We would like to inform you that the decision was appealed by the lawyers of Green Capital Ltd in the Tbilisi Court of Appeals, but the Court of Appeals also made an unprecedented decision and rejected our appeal and upheld the vague and illegal decision of April 26, 2021 issued on its basis.

We have also appealed against the decision of the Tbilisi City Court of April 27, 2021 on the partial annulment of the decision that entered into force, which has not been reviewed by the Tbilisi Court of Appeals. The judge of the mentioned case is Mr. Merab Lomidze. Another violation in this case: Green Capital Ltd. is a party to the June 24, 1997 "Agreement on the Distribution of Products and the Study of the Processing Plant". Pursuant to Article 31 1 1 of the Product Sharing Agreement and the Examination of the Processing Plant, in accordance with Article 31 ???? 1 of the Agreement on the Examination of Products and the Processing Plant, Any dispute must be considered by three arbitrators as defined by UN international trade law.

We appeal to you because we believe that the security measure used and the decision that has been partially annulled is illegal and unjustified.

Unfortunately, it should also be noted that all this leaves us with only one possibility to draw a conclusion: the decision of the Tbilisi City Court of April 26, 2021 will join the series of decisions that led to the liquidation of business, and irreparable damage to the state.
Green Capital Ltd. explains that the oil and gas is owned by Frontera Eastern Georgia, which is owned by 50% of Green Capital and 50% of the Oil and Gas Corporation. It is also important to note that the decision entered into force on March 31, 2021 is not partially void and Green Capital Ltd remains a 50% owner of Frontera Eastern Georgia Ltd in Frontera Eastern Georgia Ltd and also a party to the 1997 Agreement.
The decision of April 26, 2021, nor the writ of execution issued on its basis, does not mention Frontera Eastern Georgia (s / n 204905674), which owns oil and gas, as well as the gas pipeline, which is determined from the public register issued by the extract and so on.

Pt.2
Since 2013, following in the footsteps of the state's political course, Frontera, as an American investment, has suffered the greatest material damage, and this time it has turned to Green Capital for assistance and investment. Green Capital Ltd. has invested millions of dollars.

On April 25, 2018, a crude oil purchase agreement was signed between the plaintiff - Green Capital Ltd. and the defendant - Frontera Resources Georgia Corporation Georgia Branch Ltd. Green Capital Ltd. made several payments under the agreement, totaling the equivalent of $ 5,800,000 in GEL, however, the seller did not fulfill its contractual obligation and did not supply the subject of the purchase agreement - crude oil.

On March 31, 2021, the claimant was fully satisfied with the claim, on the same day the decision entered into force and an writ of execution was issued. Frontera fully acknowledged and agreed to Green Capital's claim. The claim of the plaintiff arising from the purchase agreement of April 25, 2018 was lawful, substantiated and this became the basis for its full satisfaction by the court.

According to the decision of Tbilisi City Court of March 31, 2021:

Green Capital Ltd's claim to be fully satisfied

Order Frontera Resources Georgia Corporation in favor of the plaintiff Green Capital LLC 5,800,000 (five million eight hundred thousand)

I) Payment in USD equivalent in GEL.
To be owned by Green Capital Ltd (s / n 402052372) by Frontera Resources Georgia Corporation June 24, 1997, under the contract for the distribution of products and the study of the processing plant from August 27, 1997 Exclusive right to conduct oil and gas operations in the territory of Gurjaani, Marneuli and Gardabani (geological allotment area on the plan - 5060 (five thousand sixty) sq / m).
Green Capital Ltd. shall be recognized and registered as a party to the June 24, 1997 "Agreement on the Distribution of Products and the Study of the Processing Plant".
To register a 50% shareholder of Frontera Eastern Georgia Ltd (s / n 204905674) instead of Frontera Resources Georgia Corporation and to register in the public register Green Capital Ltd (s / n 4072)
The said decision entered into force on the same day and on April 1, 2021, an writ of execution was issued according to which:

On April 20, 2021, the joint appeal of JSC Georgian Oil and Gas Corporation and LEPL State Oil and Gas Agency was submitted to the court, requesting the annulment of the decision of March 31, 2021, which was upheld by the court on April 27, 2021. In addition, the Court of Appeal of 26 April 2021 applied the following security measures:

1.1 A 50% share transferred to Green Capital Ltd in the authorized capital of Frontera Eastern Georgia Ltd was seized and Green Capital Ltd was prohibited from selling / disposing of it and / or encumbering it in any form.

Nice find cymro1864

Pt.1
The Embassy of the United States of America in Georgia and Her Excellency Ms. Kelly Degnan
The Head of the EU Delegation to Georgia, His Excellency Mr. Karl Hartzel
Diplomatic Corps accredited in Georgia
To the Government of Georgia
Giorgi Kishmaria is the lawyer of Green Capital Ltd SC 402052372
"Frontera Eastern Georgia" Ltd S / N 204905674 Lawyer Giorgi Kishmaria
Appeal
First of all, we reaffirm our respect and thank you for your support of our country, as well as for your significant contribution and support to the political and economic development of Georgia.
Your Excellency, we have your concerns and focus on issues such as the investment environment in Georgia and its present day. Were it not for the special nature of the dispute and its severity, we really would not have had to appeal to you. The issue concerns the environment that is extremely damaging to American and European investment in Georgia, which is reflected in one well-known case that we will discuss below.
Please be informed that in accordance with the agreement between Frontera Resources Georgia Corporation (CR-72227 / USA /) on the distribution of products and the study of the processing plant, which was concluded on June 24, 1997 between him and the state company Saknavtob , Had the exclusive right to conduct oil and gas operations on the territory of Georgia. Frontera, as an American company through its subsidiary and operating company - Frontera Eastern Georgia Ltd., has been conducting oil and gas operations since 1997. Frontera Resources Georgia Corporation was awarded the status of "Investor" on June 24, 1997 under the Product Sharing Agreement. As an "investor", he founded "Operating Company" - "Frontera Eastern Georgia" Ltd (s / n 204905674), whose founding partners were "Frontera Resources Georgia Corporation" and the state-owned treasury company "Saknavtobi". Until March 31, 2021, Frontera Resources Georgia Corporation was the 50% owner of the company and the 50% owner of the Oil and Gas Corporation. "Operating Company" won the international tender announced by the Ministry of Environment and Natural Resources Protection of Georgia in 1997 and on November 17 of the same year was awarded a license to use oil and gas resources, which gave it the exclusive right to conduct oil and gas operations in Georgia.
According to the subsoil exploitation license issued on November 17, 1997, Frontera Eastern Georgia Ltd has the right to carry out the following operations:
Restoration and increase of extraction of oil and gas fields on the 12th block of the territory of Georgia;
Geological and ecological study of the area;
Exploration and exploration of oil and gas fields;
Commissioning;
The license was issued from August 27, 1997 to August 27, 2022 and allows the above-mentioned operations to be carried out in Dedoplistskaro, Sighnaghi, Sagarejo, Gurjaani, Marneuli and Gardabani (geological area on the plan - 5060 (five thousand six

It is very quiet on the news front.

Not sure if its the case here, but quite a few other BB's report that large chunks of posts disappeared over the weekend.

From the document -

6. Accordingly, Mr. Mamulaishvili respectfully files this Unopposed Motion for Extension of Time to File Opening Brief and requests an extension of time of fourteen days from the date of the original deadline, to August 10, 2021, to file his Opening Brief. This is Mr. Mamulaishvili’s first request for an extension of time.

7. Good cause exists for this extension. Due to other case commitments, Mr. Mamulaishvili is seeking an extension until August 10 to file his Opening Brief. These proceedings include: (i) a hearing on the Special Master’s tentative rulings on almost a dozen summary judgment and Daubert/Robinson motions in Bess et al. v. Phillips 66 Co. et al. (23d J. Dist. Wharton Cnty.), a mass tort case arising out of flooding during Hurricane Harvey, (ii) trial preparation in Bess, in which jury selection is set to begin on August 16, 2021 in Wharton and (iii) an oral hearing in the Winter Storm Uri MDL set for July 29, 2021 (in which lead counsel for Mr. Mamulaishvili is lead counsel for 15 defendants).

8. The undersigned conferred with opposing counsel on July 27, 2021, and they do not oppose this request.

Revised due date - 10th Aug, 2021

The document isn't loaded yet, but seems ZM has asked for, and been granted a one-time extension to file his brief -

"Grant motion to extend time; absent extraordinary circumstances, Court will not grant additional motions to extend time"

link -https://www.londonstockexchange.com/news-article/COPL/q1-2021-results/15072190

Arthur Millholland, President & CEO, commented:

"With the acquisition closing on 16 March 2021, the Company's production averaged 1,220 bbl./day oil (gross) 706 bbl./d oil net for the term of 16 days until 31 March 2021. Current oil production has increased 50% to approximately 1800 bbl./d (gross) due the commencement of increased gas injection volumes on April 1 at the Company's Barron Flats miscible flood project.

With the completion of the Q1 financials, the Company can now work towards finalizing its Prospectus, which is required in final form before readmission to trading on the LSE. Once a definitive timeline for readmission is available, the Company will give a comprehensive update to the market on its operations."

They made a commitment to improve Comms when the situation permitted Once these accelerated appeals are out of the way - and hopefully in our favour - I hope we see the start of more formal communications.

Hi WHamBoy - I haven't heard a peep out of them since they said they would revert over the ii issue. Their perception of 'soon' seems very different to mine and yours! I do keep reaching out to them.

The lack of news is in part due to the clampdown on articles etc being posted here that aren't directly related to FRR, even though we may see a connection. So I think that has stopped a lot of discussion. On the other hand, with the Texas court cases we are now seeing behind the scenes and we can see, as the company has confirmed, the attempt to steal the company has been stopped.

They have the two appeals in Texas and the appeal in Georgia to deal with. They are still paying Cornerstone and SN has joined forces with Mourant.

That's not meant to excuse their lack of Comms but it shows the company continues to fight on all fronts.

I will if course let you know when I hear anyt from them

Thanks HFB (and others for comments) - makes more sense than LSE somehow pre-empting a relist!