Member Info for Lubumbashi

Not much volume at the moment. Everyongone to lunch...

Is anyone going to be out over the weekend?

Not bad. Just waiting for a chance....

My neighbour

Nuthouse? Hotel California more like.

Thanks. Bought some at .52 earlier. 189569, needless to say the MMS are showing it as a sale.

A FRRally and our daughter-in-law has just checked into the maternity ward for the birth of our second grandchild. Refresh button and WhatsApp on high alert!

MASSIVE!!!

Rerate here we come!

Back to break even. .55

.49 paid

Will he be invited to the 5p party :)

MMS will take 5m at .4718. Must be about to go B.......

I've done a dummy buy and cannot get a price, even for £500

To add to Devex. There were a number of large transfers after one of the service provider deals. At the same time the first Outrider issue was resolved and Stephen Hope was appointed to the BoD. I said at the time that I thought the deals were related because I couldn't understand how a $30m debt warranted a board position. Maybe that particular wheel has now come full circle.

My guess not before next week, otherwise today's RNS wouldn't have been necessary.

I've just been back over the RNSs relating to the two majors and this is my take fwiw. Firstly my interpretation of the wording in today's RNS is that the two majors originally mentioned on 3 Sep includes BHGE. BHGE is already signed so that only leaves one in play. The options proposed by Zaza for the majors were a farm-in and a joint operating arrangement (JOA). The signing of the BHGE mou is significant in that it limits the roles that the 2nd major can bring to the party. BHGE's specialty is drilling and extraction, basically one of the world's best. So no need for another major to duplicate that role. What is required to make this work is someone with processing and distribution muscle. BP just happens to have a pipeline running through the area so who better to include in a JOA. But it could equally be on of the others. The order of disclosure is also significant, the distributor will want to be sure that FRR can deliver the product before committing to processing facilities and other infrastructure. BHGE will provide that degree of confidence. It will also need to the volumes as that will affect the plant and piping design. Hence the EWTs being very extended. I think we are so close to seeing a Zaza masterstroke roughly on the above lines with FRR retaining at least 50% of value. The dream is alive......

Frr to find the stuff. BH to get it out of the ground. BP/Exxon to get it to market.

Looks like the US has opened higher. Hopefully that will translate to better sentiment in London and then through to shares like FRR. We've held up pretty well during all the recent stock market turmoil. It would be nice to be part of a general bull run.

No one of note. Less than .5% of shares in issue traded so far today.