Member Info for Looed

Thanks JimSlade - next key date for this case is the oral hearing on 23rd Feb, which folks can join via Zoom.

And a similar 'Served' filing for Tyler Nelson.

goose83 - I think this is old as it starts with "Zaza Mamulaishvili is the Chief Executive Officer at Frontera Resources based in Houston...." Only generic stuff as far as I can see.

And another doc just added - LG was successfully served with the Citation, in person, at his home in Florida.

Pt.2

"Commersant" checked the information with the former director of Frontera. According to Zaza Mamulashvili, although he is no longer involved in the management of the company, he still remains the largest stockholder and creditor of Frontera.

"Restructuring is underway now. I am the largest stockholder and largest creditor of Frontera resources, but I am no longer involved in the day-to-day management of Frontera. There are several thousand stockholders in total. All this does not affect the work processes in any way, it happens outside Georgia. Some companies are added, some are reduced, some are liquidated and merged. This group included too many companies. Nothing changes in Georgia, Frontera has an agreement with the state and the processes develop as before. In some parts I am no longer connected with the company but in some parts I have stayed. The work continues on a 24-hour basis where the company has been extracting oil for the past 23 years.
In the future, we are trying to expand and add a new direction in the field of "green energy". It is a project of about 150 million and we will make an application in 2-3 months, ” Zaza Mamulashvili explained.

Frontera has been working in Dedoplistskaro and Marneuli municipalities in Georgia since 1997. The company is remembered by the Georgian society with an unexpected statement. Frontera claims that Georgia has such large reserves of oil and gas that it can even start exporting energy resources.

According to Frontera, the volume of investments made in Georgia since 1997 reaches 580 million dollars, and the state claims that the amount is several hundred million less.

In the winter of 2019, the Georgian employees of the company went on strike for non-payment of salaries for 11 months. Finally, their salaries were paid by the Georgian State Oil Company.
https://commersant.ge/ge/post/zaza-mamulashvili-frontera-resources-is-direqtoris-tanamdebobidan-da-sabchodan-gairicxa

(this translation doesn't mention 'asset' which is in the google translated version - I am checking this point with the translator)

Pt.1

Since August, 2020, Zaza Mamulaishvili is no longer the director of Frontera Resources Georgia and member of the board.

There were several trials regarding this case and they are still in progress. This information is shared by company stockholders. It turns out that they received official email from the head office that there is management restructure in progress.

Stockholders stated with “Comersant” that it's hard for them to obtain any information at this stage and in fact the processes are taking place in the shadows, which is why each of them is worried and do not know what to expect from their investments.

“The stockholers are very anxious, because we don’t know whether we are losing our investments or not. The relationship between Zaza Mamulashvili and the largest stockholder of Frontera, Steve Nikandros, is the subject of the greatest concern. Nikandros is still a member of the board and previously held the position of director,” – states one stockholder of Frontera, Stuart Millard.

“No one has full information about what is happening now. Everybody is counting on their own opinions and the information that is spread in the press. As if we are playing a guessing game. Perhaps until the trial is over, they do not want to mess up the case with spreading too much information. From August Zaza Mamulaishvili is no longer involved in business activities of Frontera. All we know is that there is still silence.” – states one of the stockholders, Dave Huffs.

"Frontera Resources terminated the cooperation with the former General Director Zaza Mamulashvili and he was expelled from the Board of Directors. The company also filed a lawsuit for reimbursement of damages. The company also intends to appeal against Zaza Mamulashvili's undeserved response lawsuit against the board of directors a few weeks ago, and will try to enforce them under all strict Georgian and American laws. Frontera is currently in the process of developing a business plan, including the formation of a new management team. We will inform you about additional interesting details in the near future." – this is stated in an email that Frontera stockholders recently received from their head office after a long wait.

Translation will be ready tomorrow. US$25.00

I will get the translator to do a proper translation in case anything reads differently

"Restructuring is underway now. I am the largest shareholder and largest creditor of Frontera resources, but I am no longer involved in the day-to-day management of Frontera. That is, I am no longer a company officer. Several thousand shareholders in total. All this does not affect the work processes in any way, it happens outside Georgia. Some companies are added, some are reduced, some are liquidated and merged. This group included too many companies. Nothing changes in Georgia, Frontera has an agreement with the state and usually the processes develop as before. In some parts I have dropped things and in some parts I have stayed. I am not involved in the part that does not have an asset, where there are assets, I still participate. Work continues on a 24-hour basis wherever the company has been extracting oil for the past 23 years.

In the future, we are trying to expand and add a new direction in the field of "green energy". It is a project of about 150 million and we will make an application in 2-3 months, ”Zaza Mamulashvili explained.

Frontera has been working in Dedoplistskaro and Marneuli municipalities in Georgia since 1997. The company remembers the Georgian society with an unexpected statement. Frontera claims that Georgia has such large oil and gas reserves that it can even start exporting energy resources.
According to Frontera, the volume of investments made in Georgia since 1997 reaches 580 million dollars, and the state claims that the amount is several hundred million less.
In the winter of 2019, the Georgian employees of the company went on strike for 11 months for non-payment of salaries. Finally, their salaries were paid by the Georgian State Oil Company.

(JUST SAW DOMFOKS POST - THIS IS THE SAME)

Pt.1

From August 2020, Zaza Mamulashvili will no longer hold the position of Director and Board of Directors of Frontera Resources Georgia. In this regard, several trials have been held and are still ongoing. The information is spread by the company's shareholders. As it is known, they received an official e-mail from the head office, based on which it is clear that the management-related restructuring is currently underway. The shareholders explain to Kommersant that it is very difficult for them to get complete information at this stage and in fact the processes are in the shadows, which is why each of them is concerned and does not know what to expect from their investments.

"Shareholders are very excited because we do not know whether we will lose our investments. The relationship between Zaza Mamulashvili and Frontera, the largest shareholder of Steve Nikandros, is the subject of the greatest concern. Nikandros is still a member of the board and previously held the position of director, "- explains Stuart Millard, one of the shareholders of Frontera.

"No one has full information about what is happening now, it is based on all their own opinions and the information that is spread in the press. It is as if we are playing a guessing game. Perhaps until the trial is over, they do not want to confuse the case with spreading too much information. Zaza Mamulashvili is no longer involved in the activities of the Georgian frontier since August, we only know that, on the other hand, there is silence, ”said another shareholder Dave Huffs.

"Frontera Resources terminated the cooperation with the former General Director Zaza Mamulashvili and he was expelled from the Board of Directors. The company also filed a lawsuit seeking damages. The company also intends to appeal against Zaza Mamulashvili's undeserved response lawsuit against the board of directors a few weeks ago, and will try to enforce them under all strict Georgian and American laws. Frontera is currently in the process of developing a business plan, including the formation of a new management team. We will inform you about additional interesting details in the near future, "reads the e-mail, which was received by the shareholders of Frontera from the head office recently, after a long wait.


"Commersant" checked the information with the former director of Frontera. According to Zaza Mamulashvili, despite the fact that he is no longer involved in the management activities of the company, he still remains the largest shareholder and creditor of Frontera.

I didn't realize the post was deleted. Hopefully someone else managed to catch it, or the ruling will be posted soon.

No as it was late night for me so didn't catch it.

I couldn't get the links that Star shared to open. The Motion is 7 pages and the argument boils down to this -

"This is a shareholder derivative suit brought by Zaza Mamulaishvili on behalf of Frontera Resources Corp. (“FRC”) to remedy Defendants’ breaches of fiduciary duties they owe to FRC and its shareholders. Mr. Mamulaishvili has not asserted any claims in this suit related to his employment with or termination from FRC, but only seeks redress for Defendants’ wrongdoing on behalf of FRC in his capacity as a shareholder of FRC. Nevertheless, Defendants seek to compel arbitration based on a narrow arbitration provision in the Employment Agreement between Mr. Mamulaishvili and FRC that is expressly limited to disputes concerning Mr. Mamulaishvili’s employment with FRC, to which Defendants are not parties. Because the arbitration provision in the Employment Agreement plainly does not cover Mr. Mamulaishvili’s shareholder derivative suit, Defendants Motion to Compel Arbitration should be denied. Defendants have only moved to arbitrate to keep their fraudulent activities out of the public eye.

Because most of the allegations in Defendants’ Motion to Compel have nothing to do with the factual allegations in Mr. Mamulaishvili’s Original Petition and on which his shareholder derivative suit is based, Mr. Mamulaishvili will not waste the Court’s time refuting them in detail. Defendants’ assertions regarding Mr. Mamulaishvili’s former employment with FRC are irrelevant for purposes of their Motion to Compel Arbitration. Suffice it to say that Mr. Mamulaishvili is innocent of any wrongdoing and has always used his best efforts to conscientiously and faithfully discharge his duties to FRC.

Mr. Mamulaishvili’s shareholder suit is based on a pattern of fraudulent and ultra vires acts by Defendants that have caused FRC monetary losses, hurt its reputation, and could potentially result in criminal liability. As alleged in his Original Petition, Defendants have, among other things, undertaken improper efforts to lobby the government of the Republic of Georgia, fraudulently applied for a U.S. government loan on FRC’s behalf, and used at least some of the proceeds from that loan for their personal benefit. These claims are brought on behalf of FRC, and Defendants will be liable in their individual capacity. None of these claims have anything to do with Mr. Mamulaishvili’s employment with or termination from FRC, they do not arise out of the Employment Agreement between Mr. Mamulaishvili and FRC, and there is no arbitration agreement covering Mr. Mamulaishvili’s claims in this case.

There then follows a lot of argument and case law to support the detail of the Motion.

From Translation #32 in early Nov, '20

Regarding the announcement of Outrider Management, the director of Frontera says that the company is trying to guarantee the return of the funds that were invested in their project. According to Mamulaishvili, they have invested more than half a billion dollars in oil exploration in Georgia, and the income from oil sales is only $ 60 million, therefore Outrider and other stakeholders are trying to return their investments.

"We have invested more than half a billion dollars in this project in the form of exploration, and about $ 60 million worth of oil and gas have been extracted so far. However, as a result of these investments, an ore has been identified, but its large-scale development has not yet begun. Accordingly, Outrider Management and other companies that have invested capital have not yet received a refund. In this regard, it is understandable that Outrider Management and other shareholders, including me, want to return this capital back to us.

Outrider Management has become a more important stakeholder than ever before and now wants to play more active role in this process. Frankly speaking, I did not see this letter, but it was felt from them that they wanted to guarantee the return of this amount,” said Mamulaishvili.

And from Translation #34, early Nov, '20

As Mamulaishvili told Business Media, he did not name specific details of the restructuring, but said the changes would increase the share of Outrider Management in the company.

Do you see 3 djvu files all numbered B19044710?

If you can manage to open the 3rd file you will see part of the PSA and the letter from FRR to GOGC which is in English

Thanks Oopsi - use this service for translating from djvu to PDF, you just drag the file onto the page and it will translate, the only limit is it can't handle very large file sizes but it is free to use and very easy.

https://djvu2pdf.com

If the pages in the converted files are images you can copy and drop onto this site for translating. Just set up the from / to language and select image, again should be pretty easy.

https://translate.yandex.com/ocr

Let me know if any issues

Oopsi - I should have explained why I am asking to save time on the back and forth.

I am not sure if I am looking at the same documents as you, but I think the 'partner' is / was FRUS LLC and this is connected to the move of the asset. In the djvu files there is a letter dated 15/4/19 from FRR informing GOGC it had assigned 100% of its interests in the PSA and operating company from FRGC to FRUS, LLC. As we know this was refused at the time. Does that fit in with what you are seeing?

Just checking we are looking at the same thing.

Oopsi - did you check any of the djvu files that are listed under the 204905674 company number?

Opinion piece from a Georgian think-tank on the above and implications for the whole area.

https://www.gfsis.org/blog/view/1169

This is a long article on increasing gas production in Georgia, the various pipelines and the effects - economic and otherwise - on the region.

"Also, noteworthy is the fact that this year it is planned to increase local extraction by about 11.08 million cubic meters. As a result, the gas supply forecast for 2021 will be more than 2.729 billion cubic meters."

"The implementation of the above two projects and, in general, the concept of the Southern Corridor will bring a significant political dividend and energy security to Georgia. In particular, if before the commissioning of the Trans-Anatolian gas pipeline – TANAP, Georgia was a transit country of gas only with the regional importance, at this stage the country is gradually becoming an international player. From today, natural gas on the territory of Georgia will play an important role in diversifying and securing international, mainly EU energy markets."

"It can be pointed out that the implementation of the above-mentioned projects has the multifaceted interest, because of the stability and sustainable development of Georgia, its critical necessity for Azerbaijan, as natural gas producer and exporter country, as well as for Turkey (transit and gas distributor state) and Europe (Gas importer). It is of great importance for Europe to ensure that energy flows to its markets are maximally insured from political, economic or other risks. This is the defining factor within which the concept of the Southern Energy Corridor (as the route of the alternative import pipeline bypassing the territory of Russia) was formed. Naturally, such large-scale projects can be implemented only through the establishment of strategic partnerships between the participating countries, which is another important determinant of rapprochement between Georgia and the EU.

Therefore, in addition to economic factors and energy security, the concept of the Southern Corridor will also bring significant political dividends to Georgia, because energy projects via territory of this South Caucasus country will promote the further integration of Georgia to European and Euro-Atlantic structures."

https://bm.ge/en/article/new-energy-projects-in-south-caucasus-and-black-sea-region--good-deals-for-georgian-energy-security/75711