Member Info for Madpunter

Affidavit of Service re Petition and all supporting documents. Filed by Warren E. Gluck on behalf of Frontera Resources Caucasus Corp., David Griffin. (Gluck, Warren)
https://www.pacermonitor.com/public/case/30667314/Frontera_Resources_Caucasus_Corp_and_David_Griffin

Assuming that my theory about the arbitration is right and the GG get the 5% RA when FRCC is liquidated, then ZM, SN and LB would have expected this to occur before the arbitration hearing in October. This hasn't happened and the timelines could have been calculated after FTI started the liquidation process of FRCC. Therefore, by dismissing Akin Gump in June (see extract from the court papers below) FRR could then request a six month extension to allow the process to unfold. As the extension is only to allow the liquidation of FRCC, (enabling the GG to get another 2.45% of the oil under the PSA and terminating the arbitration) and the case is now in the NY courts, it should be completed before the extension date. Assuming this series of events, then FRR would no longer require representation in the arbitration as the process is about to be resolved by the liquidation of FRCC. IMHO the court papers show a complex series of events to enable enough time for production revenue to meet FRR's obligations, remove SH/O and settle the arbitration. After reading those papers one would expect FRR to have had a crystal ball to be able predict the series of events, or in Tolkien language a Palantir. Doesn't BP have access to PALANTIR, who "amongst many, many other things, it seems they also help when" 'Prosecutors are building stronger cases against insider traders'(taken from Earsbern's post on the 28th October in the 9th post down of the link below). IMHO if Palantir has that sort of expertise, then creating this series of events wouldn't have been a problem.

67. First, the Liquidators were informed on July 9, 2019 by Akin Gump that it ceased acting
for FRGC in the Arbitration a month earlier on June 9, 2019.

https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html?page=27

Thanks seisprocessor.

Nice one bugsy. Probably the only thing of substance worth posting today. A red herring about unpaid workers (well spotted zeps); a fake CV; and a dubious message from kipper. I looked back at my filter list, as recently all on my filter list were removed. NJames and Kippermanbike were both on my original list and will now be reinstated. Add to that a unprofessional reply from Tim Thompson to the question of whether we have been scammed? "No, just bad luck too many issues going on." Why not just answer no? The rest of the sentence can have very different interpretations. Plus the reference to deleting Zaza's number. The result has been hundreds of posts over the last two days of meaningless interpretations etc, many by myself. The increased disinformation has one positive and that is a deal must be getting close.

We don't even know whether the story is accurate or exaggerated. When the Ukraine bid was ongoing there was a lot of bad press , possibly of Russian influence. Now we have this story; a cyber attack on Georgia; a GOGC backed fund posting CV's for Levan; and all while a deal is being negotiated with the GG, BP et al, plus the court cases.

Furthermore, IMHO FRR wouldn't want to underestimate the amount required and risk more delay. Therefore, I would expect a surplus left to be returned to FRR, which has resulted in them having to delay other payments.

IMHO the liquidation will be completed by the NY court and debts owed in the courts paid allowing FRR, the GG, and BP et al to sign a deal. If all monies paid for oil revenue are still going into FEGL's or FRCC's accounts to ensure enough to cover all court costs and debts to the liquidators, SH/O and Mourant, then FRR doesn't have access to them.

Bernadotte - It's not that simple - 'though Georgia had initiated the war, Russia had provoked its neighbor over a long period and overreacted to that initial artillery attack (see first link).' Furthermore, both South Ossetia and Abkhazia were never autonomous regions prior to the Soviet invasion of 1921 (see second link). Nations that takeover others like to divide them up to create infighting which helps the invading nation keep control, or if lost leaves a door open to regain control. This is why the EU wanted regional assemblies in the UK, which has resulted in both the SNP and PC both backing remain. Similarly in Spain Catalonia wants independence and Spain wants Gibraltar. Incidentally, while the EU wants the UK to talk about Gibraltar, they don't want Spain to talk about it's enclaves, Ceuta and Melilla (both in Morocco). (There are many other enclaves for anyone interested see the third link).

https://www.history.com/news/russia-georgia-war-military-nato
https://en.wikipedia.org/wiki/Russo-Georgian_War
https://en.wikipedia.org/wiki/List_of_enclaves_and_exclaves

Chris - No, but the GG may take advantage of the situation to try and squeeze a larger percentage. Hence the return of Levan and the comments about 'savviness' and 'cooler heads'.

When FRR struck oil in 2008 do you think it was just coincidence that the Russians invaded? Do you think it is just coincidence that there's all the articles about the Georgian wine industry and it's main market in Russia? Ditto the cyber attack? Ditto the Ukraine arm wrestle. They were possibly hoping for a deal with SH/O's cronies before ZM and SN out-smarted them and transferred Block 12. This isn't a small takeover for a few hundred million, it's worth billions. FRR hasn't spent hundreds of thousands on lobbying, lawyers and accountants for nothing. You have to look at the big picture. This deal will impact upon the security, wealth and trade of the region, plus that of the surrounding countries. Russia will lose market share for it's hydrocarbons and so will Azerbaijan. One thing that is certain, nobody fights over an empty box!

IMHO there has been an alternative deal proposed by the GG possibly involving the Russians to buy Block 12. Hence the cyber attack and the tweet about possible US troops being stationed in Georgia. The deal with BP et al was probably finalised and just awaiting the 5% RA return to the GG via the liquidation of FRCC, hence no need any longer for Levan. Levan may now be required to negotiate with the GG again until 'cooler heads in the local government prevail', as the 'savviness of Steve and Zaza' will also be backed by Uncle Sam.

There are some gullible people on here. Tim Thompson has left Yellow Jersey to start his own company and before any official news on FRR he's gone on Twatter and said "bad luck too many issues going on" in response to a question about whether we've been scammed. IMHO his new company wouldn't last 5 minutes if he was so unprofessional.

erazzel - The date at the bottom of that article was 1st July and on the 10th September there were the following posted by
Chris572 @ 12:47 and 18:49 :-

SN and ZAZA raising their heads. picture of them both in the link

'According to Steve Nicandros, the founder of the company "FRONTERA RESOURCES", Georgia is an important partner for the United States, which has a great deal of success in terms of trade opportunities.'

https://www.interpressnews.ge/ka/article/563127-levan-davitashvili-ashsh-isa-da-saprangetis-delegaciebs-shexvda/

Really strange to see SN walking about a vineyard considering everything that’s going on . But I guess there is no such thing as normal with Frr

https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491094634280825?type=3&sfns=mo

https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491094824280806?type=3&sfns=mo

https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491095574280731?type=3&sfns=mo

https://www.facebook.com/MEPAGeorgia/photos/a.287763591280618/2491095087614113?type=3&sfns=mo

Looks like no stone is being left unturned and any loss of trade by the Georgian wine industry with Russia, will result in new markets in the US, Europe and Asia.

Tsbs and emblaze1 - I suggest you look at the article posted by bugsy-b (see link). What is yesterday's cyber attack for then? Why is the Georgia Support Act currently with the Senate Committee on Foreign Relations? Why is a new Ambassador in the offing? Why not place US troops on a ship in the Med near to Syria? Why is there a meeting on Cyber security? Seems like a lot of coincidences at the same time if there are no links.

https://www.bbc.co.uk/news/technology-50207192

Sonny -- That looks like a very plausible excuse to station US troops in Georgia in case Putin gets annoyed with the sale of Block 12 to US and UK companies. Furthermore, it could also be a response to yesterday's cyber attack on Georgia, which is also possibly linked with the deal with the super majors. The Senate timetable looks interesting as well with a possible new Ambassador to Georgia and a briefing on cyber operations.
The nomination of 'Kelly C. Degnan, of California, to be Ambassador to Georgia' is to be heard in the Senate Foreign Relations Committee today. Then tomorrow the Armed Services Subcommittee on Cybersecurity is 'To receive a closed briefing on Department of Defense cyber operations.'

https://www.senate.gov/committees/hearings_meetings.htm

Gipps51's post from the 24th July :-

Also on LINKEDIN i hear from a 3rd party Levan is looking for work , that is old news though.

IMHO Levan would be unlikely to be looking for work months before a possible arbitration case. However, if a deal has been pencilled in ready for when the liquidation returns the 5% RA to the GG and debts paid, then it's very possible Levan would be working his notice.

Wids - I hope you don't mind, I copied your post on the Eurozone with a reference to the link below :-

https://www.lse.co.uk/chat/general/general/eu-is-a-pack-of-cards-waiting-to-collapse-due-to-target2-ACEA28A0-3310-4306-AFFD-F37D0D5490CB.html?page=2#21763538

WHamBoy - Assuming that a deal has been agreed for the sale of Block 12, then until FRR win the Dolphin tender, the only asset is in Moldova. Any lawyers and accountants would have to be able to speak Romanian and understand Moldovan laws. Similarly, if the Dolphin Tender is won, the Ukrainian language and laws will apply. As precise wording is essential in law, it is beneficial to have lawyers and accountants who speak the local languages. Furthermore, when company's employ as many local people as possible, it helps to open doors when dealing with the local government departments.

I would assume that either or both FEGL and FRCC would have accounts in Georgia and Texas. Therefore, if the money from production is in an account in the US, it would make sense to move the case to the US. As Block 12 is held by a subsidiary in Georgia, under Chapter 15 it would appear to outside of the court's remit.

Data drilling
https://www.ft.com/content/8ee6cfc6-e825-11e9-a240-3b065ef5fc55

Zaza stated that the majors could reduce CAPEX and increase profit. The 3rd post down in the link below illustrates how this could be possible and the use of the data by Palantir could provide the necessary FDP.

https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html