London South East | The UK's favourite investor portal.

Posted by Looed on the 11th June :-

FRR gets a mention
Thirteen American congressmen made a statement on the “involvement of the richest man in Georgia,” the leader of the ruling “Georgian Dream” Bidzina Ivanishvili, in “destabilization in Georgia in favor of Russia” and called him “close ally” of President Vladimir Putin, the newspaper VZGLYAD reports in Tbilisi.
The Georgian opposition enthusiastically comments on this position expressed several months before the parliamentary elections to be held in October.
One of the leaders of “European Georgia” Sergi Kapanadze called this statement of the congressmen “a sentence”, noting that the leader of the ruling party was called “the conductor of Russian interests in Georgia”.
“The position of our strategic partners, the Americans, shows that Bidzina Ivanishvili is leading the country to collapse,” said the opposition leader, who expressed hope that the opposition would win the election.
The ruling party has not yet commented on this statement, but supporters of the “Georgian Dream” on social networks sharply criticize these congressmen, calling them lobbyists of the American companies Frontera Resources and Conti Group, who lost their jobs in Georgia.
In the social networks of American congressmen called on "to deal with the problems of their own country" and considered their position in relation to Georgia "shameful."

https://news.rambler.ru/usa/44328232-amerikanskie-kongressmeny-nazvali-ivanishvili-soyuznikom-putina/

Posted by ActionPotential on the 10th June :-

Relax folks
I've missed the last few days' action so I haven't seen the document posted nor do I want to.

Who knows whether the document is real/fake/doctored. I doubt it was a former employee or someone connected with GOGC - what is to be gained from posting it on LSE? If I were an employee then my first port of call would be a Georgian media outlet where I could hand it over anonymously and make a tenner or two.

If I were someone connected with the GOGC then, again, I would pass it onto the media so that I could gain immediate and far-reaching coverage to the audience that I want to get it to - the Georgian people.

So it seems odd that it would be posted on this site where you get one or two antagonists to jump on it and rile a few people up - and that seems to have been successful in some cases.

If it is real then I expect it to come out in the wash very soon. Until then, I shall remain relaxed.

One more thing...someone mentioned that they couldn't see why Zaza wouldn't want the report released as there was no confidential information in it. You'd expect some confidential information wouldn't you? Perhaps commercially sensitive information?

Posted by OneDayRodney1 on the 10th June :-

It's obvious now why Zaza didn't/doesn't want the report released.

Posted by EkXoc on the 10th June :-

Whats obvious according to this new 'information' there is no oil/gas, FRR have no money and Zaza hs no future as he has disgraced himself by lieing to the public on TV / Media.. if its so obvious can you explain why he is still fighting?

Nothing is obvious

Posted by Zibrahimovic on the 10th June :-

What's also not obvious is that Zaza has said on multiple occasions that he is willing to do a joint statement. If the details in the supposed document are true then surely they'd be fa!ling over themselves to get the info out there....

Many a smarter man than Nigel has been duped by big business.

Huge multi billion companies have fallen by creating fake documents. Until the document is released directly by any of the parties then I'll throw it in the bin marked not proven.

Posted by Piscean on the 10th June :-

Old English proverb 'he who laughs last laughs loudest'

Posted by EkXocc on the 10th June :-

Old Jewish proverb 'Do unto others'

Posted by Jonathansxx on the 10th June :-

Ear all, see all, say nowt.
Eat all, drink all, pay nowt.
An tha ever dus owt fer nowt.
Dee it fer tha sen.
Guess where.. ;-))

Posted by Piscean on the 10th June :-

Could it be Yorkshire Johnathan

Posted by Jonathansxx on the 10th June :-

Tha's not wrong.

Posted by EkXoc on the 10th June :-

RE: Why us?
I agree, why bother leaking the document if they have won all, doesn't add up there is still something to fight for here.
There is also the issue of remedial action to fix a breach which could well be returning the 99% which was allegedly done promptly. This could be about the GG being seen to act overly harshly to Western interests, this is certainly not the onl instance is it?

Posted by Earsbern on the 10th June :-

The questions remain - Who was the person posting it, how did they get hold of it, and what was the originators motivation in 'giving' it to us - what did they hope to gain?

You're right EkXoc - something stinks. Whoever passed this document to the messenger(s) had a reason to give it to us, and it wasn't to make us happy. Why? they must be worrying over something. This isn't over yet.

Posted by Freeatlast on the 10th June :-

Missiles fired by our enemies.
Info has been forced on us, disgruntled shareholders....we are reacting as expected..... doing their work for them, exactly as they have planned.
(Star fu ker is not to be trusted).
Georgian government are trying to shut Zaza up. They want re-election. Zaza calmly being interviewed on Georgian media every few days, is not what they want.
It's obvious

Posted by Madpunter on the 10th June :-

Freeatlast - IMHO you're on the right track.
1) Around April 2018 TW releases the first public knowledge of the arbitration, which trashes the share price and restricts FRR's ability to raise funds.
2) In Q4 2018 StarRage posts the court documents on here leading to the de-listing, which restricts FRR's ability to raise funds.
3) StarRage agrees to meet a poster on here who purported to be TW.
4) Yesterday we get a totally new poster attempt to post the arbitration result, which is unavailable to the press. Within minutes StarRage posts a link for the 150+ page document and highlights negative points.

IMHO as many have stated, this has been leaked for posters to dissect and discredit FRR by it's enemies. We don't even know if it it genuine, as even a few small changes could dramatically alter the document. I have not read it and IMHO posters should refrain from discussing it. If we don't post about this leaked possibly fake document, it will soon be clear who the enemy is amongst us.

Posted by EkXoc on the 10th June :-

Mind games
It is certainly very telling that someone has bothered to get a restricted document and go to seemingly great lengths to post it here? Why would they do that? We can't influence anything and besides if the point they are trying to make is that it is all over for FRR then why bother to put so much effort in to the fight still?
Whilst I respect all posters points of view it cannot be denied that some shout about the lack of objectivity from other posters whilst very quickly backing a very dubious documents from very dubious sources showing no objectivity themselves. All very suspicious I am content to let this come out in the wash I am aware there are some very powerful players here who play mindgames and infowars so best to take a very broadminded approach.

Unfortunatley for one reason or another most folk here simply don't trust you SR. You can't make yourself trust someone. I know you will scream about poeple not wanting to see the truth, but the truth you talk about is YOUR truth and if you expect anybody to listen to you and consider you opinion as valid you sort of have behave in a respectable way. There have been many times in the past when circumstances have caused folk to doubt your integrity be it by carelessness on your part or just 'luck'. The method and timing of the arrival of that document your consequent and instantaneous flag waving for it and seeming indepth knowledge of it is a very recent example of this. So please excuse folk if they don't just believe what you want them to. I honestly do not understand why you keep posting if this is dead and buried you clearly have an axe to grind with some posters, if that is your only motive then you really would do yourself a bit favour and find something else to do.
If you are trying to 'save' us thanks but we don't need saving.
There is a chance there is something more sinister about your precence here, I think everyone feels it and it goes along way to folk not trusting you .

Posted by StarRage on the 10th June :-

ODR, excellent summary of the document. No doubt you'll be accused of being in league with me by the usual doltards, but I'd like to hear from anyone who has a different take on it.

Posted by Abkaz on the 10th June :-

In my opinion it is starting to look like Zaza is using this publicity to raise his profile for his next venture and the company will be abandoned quietly when convenient.

Posted by Looed on the 10th June :-

Stockholm Arbitration assigns a 'T' to cases ie T-468-18 (assume 18 is the year) and looks like this
JUDGEMENT of the
SWEDISH SUPREME COURT
given in Stockholm on 30 April 2019
PARTIES
Appellant
NeuroVive Pharmaceutical AB, 556595-6538 Medicon Village
223 81 Lund
Counsel: Attorneys SD, AP and SW
Counterparty
CicloMulsion AG Karl-Seckinger-Str. 25 D-76229 Karlsruhe Germany
Counsel: Attorney BG
MATTER
Challenge of arbitral award
APPEALED JUDGMENT
Page 1 (9)
Case No. T 796-18
https://www.arbitration.sccinstitute.com/views/pages/getfile.ashx?portalId=89&docId=3784013&propId=1578

Hague Arbitration assigns a Date+number ie 2019-18 and looks like this -
NAME(S) OF CLAIMANT(S) Olympic Entertainment Group AS (Estonia) (Private entity )
NAME(S) OF RESPONDENT(S) Ukraine (State)
NAMES OF PARTIES -
CASE NUMBER 2019-18
ADMINISTERING INSTITUTION Permanent Court of Arbitration (PCA)
- https://pca-cpa.org/en/cases/207/

If you search The Hague site using the case number the new poster provided it says "no records found". The Hague only posts results if all parties agree to the findings being made public.

In the transcript of the interview Zaza says the arbitration is in Stockholm (p9)

In the Hogan Lovells statement 18h may on the GOGC website it states "He also emphasized that the dispute was discussed at the International Arbitration Tribunal by three high-ranking international arbitrators. Stockholm was designated as the venue for the process."

But in the GOGC statement 28th May it says "On January 15, 2018 GOGC and SAOG commenced arbitration proceedings against FRGC by filing a request for arbitration with the Hague Permanent Court of Arbitration with respect to a dispute arising out of breach by FRGC of its obligations under the PSC." In fact The Hague is mentioned twice in this statement.

Its a head scratcher why both places are referenced as the place of Arbitration.

2 articles on post-CV implications for GD and Georgia
Post-pandemic Georgia: stepping out of a political crisis?
Despite highlighting its success in dealing with the pandemic, the Georgian Dream government has recognised the possibility of losing public and external support ahead of the parliamentary elections.
https://neweasterneurope.eu/2020/06/09/post-pandemic-georgia-stepping-out-of-political-crisis/

In Defence of Georgia: Why Being Neutral Is Not an Option - Georgia’s Western Trajectory https://theglobepost.com/2020/06/09/georgia-covid-19/

A new poster posted a link which was removed and the posts were subsequently removed.

Posted by Coggy on the 9th June :-

Are you trying to put the link to the 152 page Arbitration document?

Posted by Zibrahimovic on the 9th June :-

Come on you Plonker cut and paste it page by page...so you break the arbitration agreement pal not one of us come on ....

Posted by Ivyspivey on the 9th June :-

PCA link
Could stand for Permanent Court of Arbitration

Does anyone know the Arbitration Case Number/Reference.

See Nordstream are taking in EU

https://pca-cpa.org/cases/239/

Posted by Zibrahimovic on the 9th June :-

Be careful
Its a google drive document. Its not officially from the court.... Anyone can edit it. Ask yourself why has it miraculously turned up on here even though there isn't an agreement by both parties? Don't get sucked in. No surprise Nigel Starage turns up with it is there!

Posted by Zibrahimovic on the 10th June :-

Exactly Eggnog..it was posted by a,semi literate pidgeon English newbie who gave up in the end and as if by magic up popped Nigel with the full link lol and had read 109 pages in 5 minutes ffs..you couldn't make it up...SR is gonna have to earn his corn on this one off TW.

Running scared of our funds for the truth ..

Funds for the truth. We've collectively got them now almost £2,500. Please don't waste your time on edit frenzy google drive Ball****s.

We wait on Zaza talking on Radio or TV and get the full transcript. Someone mentioned earlier why we didn't pick apart the Looed translation and good question, but it was because we got to hear it first hand in English for once and these interlopers like Nigel don't want us hearing the actual words of Zaza.

Posted by StarRage on the 10th June :-

I never said it’s 100%, I said almost 100%, significant difference. Just look at the complexity of the document. Who do you think could create that if it wasn’t genuine? Would have to be a serious organisation behind it. Not impossible but highly improbable.

Posted by EkXoc on the 10th June :-

How can it be almost 100% genuine? It is either genuine or it isn't.

Posted by DomFok on the 9th June :-

Pt2
“Most likely, a new competition will be. The conditions for its implementation are currently being discussed, including with Naftogaz. I think that we need a little time to decide on the option of participation of a state company as a potential partner and, as a result, the inclusion of a mandatory state partner in the conditions of the competition. Within two weeks, we are finalizing the discussion on this issue with Naftogaz, ”Boyko added.

As reported, at the end of 2018, the Cabinet of Ministers decided to hold 12 tenders for the development of hydrocarbon sections based on the PSA.

Recall that at the beginning of July 2019 the government approved the results of PSA competitions for nine hydrocarbon sites: Ukrgazvydobuvannya (UGV) in alliance with the Canadian Vermilion won in the Balakleysky and Ivanovsky sections, the UGV in Berestyansky and Buzovsky, Ukrnaftobuanovnya - , American Aspect Energy - according to Varvinsky, “DTEK” - according to Zinkovsky, “Geo Alliance” - according to Sofievsky, “Zakhidnadraservis” - according to Ugnovsky.

OilPoint wrote that the government approved EP UKRAINE BV (the Netherlands, (a "daughter" of the Czech EPH Group) as the winner of tenders for the Grunevsky and Akhtyrsky hydrocarbon fields, and York Energy (UK) Holdings Limited (Great Britain, the "daughter" of the American Alpha Energy) - for Ichnyansky plot.

OilPoint also reported that on April 12, 2019, the Cabinet of Ministers announced a tender for the development of hydrocarbons within the Dolphin section on the Black Sea shelf under PSA conditions. Four companies have applied for participation: the American Trident Acquisitions Corp, the American Frontera Resources Corporation, which owns the initiative to develop the Dolphin site for PSAs, controlled by the State Oil Company of the Republic of Azerbaijan (SOCAR) Caspian Drilling International Ltd. and one of the largest private gas producers in Ukraine, Ukrnaftoburinnya.

In September, the Cabinet of Ministers canceled its decision on the launch of the PSA contest for the offshore section “Dolphin.

Posted by DomFok on the 9th June :-

Dolphin latest
In July, contracts will be signed with the winners of tenders for the development of hydrocarbons

https://ua-energy.org/uk/posts/u-lypni-pidpysuvatymut-dohovory-z-peremozhtsiamy-konkursiv-na-rozrobku-vuhlevodniv

The process of signing contracts with the winners of hydrocarbon development tenders on the basis of production sharing agreements (PSAs) will end on July 7.

This was stated by Deputy Energy Minister Yuriy Boyko during an online meeting organized by the Energy Club .

“Almost every day there are intensive working meetings to discuss the terms of the agreements. We expect that with the exception of two agreements within the deadline set by law - July 7 this year - we will reach a successful finish, "he said.

According to him, the signing of agreements on two plots - Varvynska and Rusanivska - is currently in question.

The Varvyn site, which is likely to be blocked due to a lawsuit filed by Naftogaz to determine the winner of the tender for this area, is also in question. an effective fact from which you will not get anywhere - a change in price indicators in the natural gas market, "said Boyko.

The Deputy Minister added that the terms of a new tender for the Dolphin hydrocarbon section on the Black Sea shelf are also being discussed.

“Most likely, there will be a new competition. The terms of its holding are being discussed, including with Naftogaz. I think we need some time to decide on the option of participating in a state-owned company and, as a result, to include a mandatory state partner in the terms of the tender. Within two weeks, we will finalize a discussion on this issue with Naftogaz, - added Boyko.

"Ukrainian Energy" wrote , the head of "Naftogaz" Andriy Kobolev explained why "Naftogaz" is interested in the development of the site "Dolphin". three times less is close to zero, which means that we need to go either to ultra-deep drilling, as object 888, or to dense rocks, or to the shelf (offshore drilling, - ed.). "Dolphin," he said.

It will be recalled that four companies - Caspian Drilling International Ltd., Frontera, Trident Black Sea and Ukrnaftoburinnya PJSC - applied to participate in the previous tender for the development of the Dolphin oil and gas field . However, later Caspian Drilling International Ltd. refused to participate, after which the winner was declared Trident Black Sea.

Posted by Welloiled on the 9th June :-

Translating 1463984B19044710 pt2
May 16, 2019

"The Ministry of Justice of Georgia
"LEPL National Agency of Public Registry

statement
On the consideration of the information presented as commercial secrets

I would like to inform you that on April 13, 20190, “Frontera Rissors Georgia Corporation and Frontera Rissoriz U.S. Concluded between LCD. The agreement, which was submitted to the National Agency of Public Ltd., LEPL, Contains Confidential and Company's Commercial Secret Information.

As you know, 272 of the General Administrative Code of Georgia According to the definition of part 1 of the article, it is a commercial secret "Informed about the plan, formula, process with commercial values,
"About the means or any other information that is used for the goods.
To produce, prepare, process or service, and / or.
Which is a novelty or a significant result of technical creation,
As well as other information, the disclosure of which may harm the person.
Competitiveness: ”

Paragraph 3 of the same article states that “a person is obliged to provide information
Indicate that this information is his commercial secret. Public institution
Is obliged to consider the first of this article as a commercial secret within 10 days
Part of the information provided, except in the case of information
The obligation of openness is established by law. If the presentation of information is public.
The institution does not consider this information to be a commercial "secret", it receives
A decision on its openness, which shall be immediately notified to the appropriate person.
15 days after the decision is made, the information becomes open, if the person whose.
"This information is also owned by the superior administrative body before the expiration of this term.
And in accordance with the rules established by the procedural legislation of Georgia - not in court
Responded to the decision to disclose the information immediately
Should inform the public institution. "

Submitted on 13.04.2019 Contribution, except for Frontera Eastern Georgia Ltd.
The transfer of shares includes many other provisions, such as commercial.
Conditions with values that are commercial to the Contracting Parties
"It's a secret.

Posted by Looed on the 9th June :-

Thanks Earsbern - Thanks for sharing and to TOT from the suggestion. I have just emailed the firm and asked them to quote for the translation I recently posted so we can compare. Will report back once they reply.

News round up
"Former Georgian Dream MPs Set up New Party" - will not align with GD or Opposition
https://civil.ge/archives/355209

"The oppositional parties call for the Georgian Dream to fully fulfill the 8th March agreement. The opposition also states that the judicial system is being politicized once again."
https://www.interpressnews.ge/en/article/107814-opposition-calls-for-georgian-dream-to-fully-fulfill-the-8th-march-agreement

Transparency International - Georgia’s Public Opinion Survey on Corruption in Georgia - the % who believe in systemic corruption is high.
https://civil.ge/archives/355119

Translation services
We are currently using upwork.com and I have just emailed www.translateservice.ge (as suggested by TOT) for a quote. This is the message I sent to them -

"Hello,

I would like to get a quotation and a timeline for the following project:-

Translation from Georgian to English of a radio program between a journalist, interviewee and a couple of phone-in callers. The format is mp4 (visual and audio) or mp3 (audio only). The program runs for approx 57 minutes. The conversation is related to the Oil & Gas industry in Georgia but does not require any technical or specialist knowledge."

If any poster has a connection with other translation services perhaps you can send this same message to them and get a quote. This might help us to build a database of available services and a benchmark on pricing for this type of media translation.

If you do contact a service can you also post the name of the company you have just contacted in this thread to avoid others contacting the same firm. Thanks.

This is the reply from www.translateservice.com -

Hello,
Thank you very much for your request!
We are pleased to submit the following quotation:
Translation price from Georgian to English – 8 USD/per minute.
Deadline: 3 working days.
Payment: 456USD
In advance 50% via PayPal or Bank Transfer upon invoice.
Look forward to hearing from you soon!
Thank You!

TOT previously used the service for text translation only. We can try to get a quote from them next time we have an article to translate as that might be more competitive.

Posted by keysersoze on the 8th June :-

USAID Georgia - re Foreign Direct Investment
Interesting last few paragraphs...

08 June 2020 16:33

USAID spent more than $ 73 million in Georgia in 2019 - Peter Wiebler

Author: Shota Tkeshelashvili

According to Peter Wiebler, head of the USAID Georgia office, the total volume of USAID spending in Georgia in 2019 exceeded $ 73 million ($ 219 million).
According to Wiebler, the tangible results achieved in Georgia in partnership with USAID are significant in terms of funding.

Because of the generosity of the American people, last year's USAID budget for Georgia was more than $ 73 million. This is the main number by which we have decided to support Georgia's democratic development, its inclusive economic growth and to protect it from harmful external influences.

At USAID, we say that numbers are important, but more importantly, these are tangible results that we are observing - these results tell us everything: we are helping Georgia's agricultural sector transform; We are helping Georgia to identify new attractive sectors that go beyond agriculture; We work with the civil society and the media in this country, we strengthen the executive branch - the government, we work with the parliament, and with the courts, with the private sector, "said Peter Wiebler.

The head of USAID in Georgia also spoke about foreign direct investment. He said that in order for investors to be interested in Georgia, they must have a guarantee that their investment in the country will be protected. In this regard, ensuring the independence of the judiciary and the efficiency of the judiciary, according to Peter Wiebler, is one of the crucial issues.

"What we are saying and the ambassador has made comments on this topic - to bring foreign direct investment into the country, to increase the volume of foreign direct investment, which we all want and know that the Georgian people want it, because it means increased economic potential - It is necessary to keep a few conditions.

First: Wherever they have to invest their money, investors need to make sure that their investment is protected. To be sure, there is a prospect that after a while their business will grow and they will see a profit from it - and I think it makes perfect sense in any case - be it America or Georgia.

Second, investors need to make sure that if any type of legal problem arises or a legal dispute arises - there is a strong judiciary in the country that respects the right to property and the rule of law.

This is something that investors in general pay special attention to. Because of this, the United States, through USAID, as well as other government agencies, is trying to help Georgia strengthen its judiciary so that the system is fair and more trusted, not only by investing companies, but also by the Georgian people themselves. ” Said Peter Wibbler.

Interview with USAID Secretary-General Peter Wiebler

Latest Share Chat

Member Info for Madpunter

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Latest Share Chat

Member Info for Madpunter

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)

Please enter at least 2 characters

No results found

Search results

Recently viewed

Trending