Member Info for Madpunter

Posted by sonnyclimes on the 25th May :-

The Old Trout on ii
Seems to me that the end game here is likely to be dependent on regime change at the October elections as I said in an earlier post, hence Zaza’s politicization of the dispute and desire for air time in the Georgian media. With the US senators getting involved again one wonders if the CIA will now have a role to play in undermining the Georgian Dream party and Ivanishvili in the run up to the election. Let’s face it the USA has invested a huge amount of money through its aid programmes here to keep the country away from the clutches of Vladimir Putin, so I can’t see it backing off now.
Tot

Posted by Moleinahole on the 25th May :-

Part 2
That would be the distinction between serving on both

Posted by Moleinahole on the 25th May :-

Morning Looed another interesting sets of comments from Hogan Lovell.
Again if you place those into the timeline of past few years they fit quite nicely.
In middle of that period 2016 to 2017 was when GG started first round of comment in media about FRR fulfilling obligations when Steve N started making noise about being discouraged from gas investment and as a result went to see the Georgian president.
So in the run up to the end of exploration phase GG were on the face of it willing to talk about the PSA. Does that seem credible? Yes you would be surprised if that was not the case.
Now they commented at the time about FRR balance sheet and how they could fund commitments.
At that time Enter Outrider with round 1 of the loan notes battle. For a year between June 2016 and may 2017 FRR were not able to do anything as the share headroom was exhausted and cash in bank imponded by administrator of the old loan note holding company. So the dispute with Outrider at that time was already impacting the PSA and the ability of FRR to manage the expiry of the exploration phase of PSA.
It was not till Q3 2017 that FRR finally got the funding together and started exploration again with Ud2. The seeds of the current situation were down in that period. Outrider went from unsecured to secure creditor and while we did not see clearly what was going on the dispute with GG which be and the arbitration was started.
The 2017 to 2018 campaign was essential to resolve both these threats. The possibility of a deal with a major goes back many years and on the face of it the drilling campaign is what could seal the deal. The secrets way the campaign outcome has been revealed has been put down to the announcement of NDA being in place and the well torturing even used to explain higher expenditure in the last set of unaudited accounts.
We are rapidly approaching the moment of truth here where the two threads of litigation which both have their roots in events of 2016 will come to a conclusion. Either FRR have a plan which may involve a major as a partner or they don't and are trying to survive by retaining the 1% as an asset to attempt to recapitalise. Of the three and applying common sense I would place loss of the asset as more likely than a major deal. If they retain 1% but without a significant deal then they have the chance to negotiate a funding package but they are carrying alot of debt in addition to the Outrider notes so that would not be easy.
Looed on where the notice was served Frontera Georgia would make sense to serve if you disputed ownership. They held the shares in the joint owned operating company of the PSA. FIT liquidated Frontera Caucasus which used to hold 100% shares in Frontera Georgia. Would have to check again the deja vu doc on the transfer to FRR US as to whether they just transferred the Frontera Georgia shares to FRR US or whether they transferred the Operating company shares.

Posted by Looed on the 25th May :-

Anyone understand the reference to 2022?
This is from the Hogan Lovell statement that I mentioned earlier. It might just be a typo but its in the Georgian version as well

Georgian version -
"Fairnbacher adds that in 2017, the parties resumed negotiations. The Georgian side offered to resolve the dispute through negotiations and even offered mediation, but the Fronter refused. According to him, during the whole arbitration dispute, the Fronter denied its obligation - the territories were ceded. It is unknown at this time what he will do after leaving the post in 2022."

English version -
According to the lawyer, the Georgian side has been negotiating the extension of the contract in the further period of 2017 from 2015-2016, but Frontera has never accepted responsibility to implement any of the obligations regarding investments.
Pörnbacher adds that in 2017, the parties resumed negotiations.Georgian side offered to resolve the dispute through negotiations amicably and even offered mediation, but Frontera refused.According to him, during the whole arbitration dispute,Frontera denied its obligation - to relinquish the territories.

“I am unaware till nowadays, whether they intended to return the exploration area after 2022. Now that the Arbitration Tribunal has already ruled that they are obliged to relinquish territories (which they had to concess back in 2017), they pretend as if they are intending so”-the lawyer explained."

English version - https://www.gogc.ge/en/article/karl-prnbacher-frontera-was-trying-to-politicize-the-case-from-the-outset/482

Posted by Looed on the 25th May :-

I hope you read in full the article DomFok posted
The "two televisions" article (as always a great find by DomFok) created many posts and folks picked on the snippet that DomFok posted. However the article isn't about the arbitration as such. It uses the arbitration and the issues around it to highlight the poor level of reporting and polarised nature of reporting in Georgia. It lists all the claims made by GOGC as well as the claims by FRR. It laments the lack of detail provided to support either side.

" The journalist clearly did not know the interview of Hogan Lovells lawyer Karl P?rnbacher, which was broadcast two days ago on Imedi TV and provided essential information about the details of the legal dispute between the company and the Georgian side. Kvesitadze also did not know the statements of the Georgian Gas and Oil Corporation. Accordingly, no inquiries were made regarding the different interpretations of the arbitral award. The journalist was not interested in why "Frontera" refuses to disclose the decision of the arbitration. The interview was superficial and one-sided. Moreover, Eka Kvesitze took the respondent from the legal issues of the dispute to political assessment" and "As a result, due to our polarized media environment, viewers of these channels are informed today in accordance with the political platform shared by these channels"
(I have edited these bits)

This article is does not prove a win for FRR or for GOGC - its point is that the claims remain unverified.

If you want a re-read here is the link - https://mediacritic.ge/article/ori-televiziis-ori-simartle-pronteras-shesakheb

Posted by Looed on the 25th May :-

Netgazi article from 19th May
I don't recall seeing this shared, apologies if already done so. Netgazi was the organisation that was supposedly doing a cover-all-the-angles article but then didn't like what it saw printed on this bb. Must have been a very sensitive journalist. This article quotes the Georgian PM in response to the senator letters and claims - so you can predict the attitude - and I will just paste the parts about FRR.

"I have no idea what Iranian oil is about. No investigation will be launched into the matter, the only fact from this letter is the fact that a particular company has been defeated as a result of a particular arbitration process in a particular arbitration [I mean the Frontera]. Ultimately it is behind all this. Now as for everything else, know one thing, no company, even registered international or our friends and strategic partners, with whom we have already won a dispute in arbitration, can in any case risk a strategic relationship between countries. Neither can irresponsible domestic politicians and the opposition, no matter how hard they try to use it. I will tell you why, because Georgia is a country that has deepened its cooperation with Euro-Atlantic areas over the past five years.

Today, our cooperation with NATO is at a level that has never been before. Today, we are represented in Afghanistan in a way that none of our Western European and Western countries is represented. Therefore, everyone should understand that the strategic relations between the countries are systematically formed on this foundation and not on these politically engaged lobbyists, "Gakharia said.

The Prime Minister talks about the ongoing dispute between the oil company Frontera and the Georgian government over international arbitration, which the Georgian side has said it has successfully completed. Frontera even claims that the government is lying and that they are satisfied with the result. The Georgian side also states that it is ready to announce the decision of the arbitration, but based on the agreement of the parties, it has no right to do so at this stage and has already applied to the company for consent to make the results public."

The rest of the article talks about Iran and the details contained in the US letters.

Source - https://netgazeti.ge/news/453575/

Posted by Looed on the 25th May :-

Russian article of the "massively fired employees" variety
The United States has repeatedly shown to the world how they can "dirty" play if their companies do not withstand competition in different parts of the world. Perhaps the most relevant example today is the sanctions against Nord Stream 2. The White House and the State Department do not even hide that this gas pipeline is hampering the promotion of American LNG to Europe.

However, it turned out that the United States can even use such tricks against its satellites. It's about Georgia. After she refused the services of an American company that concluded a contract for the production of hydrocarbons, congressmen immediately accused the current government of the Caucasian country of having ties to Russia.

Who does not do business with the United States, that agent of the Kremlin

Recall that the American corporation Frontera Resources announced three years ago that it had discovered gas reserves of 5 trillion cubic meters in Georgia. She signed a contract with Tbilisi. But, apparently, her work was not very effective. Moreover, at the end of 2019, she massively fired local employees.

Result - A US company began a commercial trial with the Georgian International Oil and Gas Corporation in the Stockholm arbitration. Tbilisi won the case. Of course, American business is not happy with this course of events. He acted much simpler and rougher.

Four members of the US Congress wrote a letter asking US Secretary of State Mike Pompeo and Treasury Secretary Stephen Mnuchin to investigate the relationship of the ruling Georgian Dream party Bidzin Ivanishvili with the Russian government

Russia did nothing, but already “pushed” the USA out of Georgia

In general, there is nothing unique about such attacks by US senators on Tbilisi. Only the claim of the “democratic West” to a loyal satellite, who was always happy to inflate anti-Russian hysteria, looks unusual.

Recall that the four congressmen who accuse the ruling authorities of Georgia of having ties with Moscow are precisely the lobbyists of the Frontera Resources corporation.

Of the four American politicians who signed the recent letter, three received money from their energy firm for their election campaigns.

The publication, by the way, is not sure that Pompeo and Mnuchin will take action in connection with this letter. The fall in oil production and oil prices, pandemics and trade wars all put Russophobia for the White House into the background. Another question is that American business began to play the “Russian card” wherever possible.

The thesis “the Russians intercepted Georgian oil from us” may appeal to other companies, which by inertia, not looking at Washington’s foreign policy, will attack all competitors, frightening them with “Kremlin intervention”.

Source - https://finobzor.ru/94260-amerikanskiy-biznes-russkie-perehvatili-u-nas-gruzinskuyu-neft.html

Posted by Moleinahole on the 24th May :-

Ziggyzag I share your frustration and don't disagree with your sentiment.
I like many here have been more than accomodating to the board while they work through the problems the company faces.
The articles of the company and registration in Cayman of a private company leave us with little but extremely damaging courses of action to remedy a board of directors that fails to hold its AGM, fails to issue accounts or put themselves forward for re-election as they fall due. The remedy for that is opening a case of breach of duty against the company. Does anyone have the appetite for running litigation which would further undermine the company?
And that has been the catch 22. Join the ever growing list of litigation and accelerate and deepen the company problems or wait to see what happens when we come out of the dark clouds that envelope the company.
We are in an impossible situation.
We are aligned to the board and I doubt there is an operation to shift the asset beyond shareholders. Beyond Outrider yes but not shareholders as that would not be legal and certainly not to related parties. Whether the board have handled events and outcomes in the best interests of shareholders is moot.
Everyone would be more comfortable if they had maintained basic things like the share registration and basic comms via flagstaff. If is the total absence of that which is puzzling. The hope of a deal in principle in the background subject to politics and commercial NDA is the other reason why patience and forbearance has lasted. As the issues are resolved radio silence is ended and we get to see a big reveal.
The outcome here has never been more binary than we find ourselves as shareholders today. Whether you like it or not you have little choice but to hope Zaza and Steve know what they are doing and/or have the right backing in place to see a future beyond end of July for the company.
What's disappointing is opportunities to maintain basic norms of corporate communication have been passed by. That now weighs against the company when looking at the renewed communication in the press and simply adds to the frustration of how this could and almost certainly should have been handled. And comes to the heart of the matter which is a question of who and what to believe.

Posted by Looed on the 24th May :-

Article - seems to be a Ukrainian-focused opinion piece on FRR
"Georgia and the United States may quarrel over Russian influence"

"In July 2017, Arseniy Yatsenyuk announced the signing of a memorandum between Ukraine and the European division of American companies Frontera Resources Corporation and Riverstone. The first was to build an LNG terminal for liquefied gas in Ukraine, and the second was to "increase gas purchases for Ukrainian industry."

Frontera Resources Corporation, an international gas and oil exploration and production company, was founded in 1996. The company's strategy is to find prospects for hydrocarbon production in Eastern Europe, which belong to the Black Sea basin.

At that time, it had been present in Georgia since 1997 and was active in investing in the gas sector.

A little later, Yuriy Vitrenko, Naftogaz's director of development, who is currently being fired, said that Frontera could rent a floating gas reception terminal instead of building a stationary terminal in Ukraine.

Even later, Frontera competed with Trident Acquisitions (whose interests in Ukraine were partly represented by former Russian MP Ilya Ponomarev) for the development of the Dolphin oil field on the Ukrainian Black Sea shelf, and even sued the Ministry of Energy to appeal the results of the tender.

At the end of April, it became known that the State Oil and Gas Agency of Georgia (SAOG) had begun the procedure of terminating the contract with Frontera Resources, with which it had been cooperating for 25 years.

The arbitral tribunal upheld the Georgian Oil and Gas Corporation (GOGC) and SAOG for violating Frontera Resources Georgia Corporation's agreement by refusing to return the explored areas of the licensed field to the state. The Georgian side appealed to the International Court of Arbitration (IAS) in January 2018. The dispute concerned the distribution of extracted oil under a 1997 contract.

Frontera, in turn, accused the Georgian government of spreading false information about the results of the arbitration dispute.

In response, Republican senators Ted Cruz and John Cornin, congressmen Judy Arrington and Markway Malin sent a letter to Secretary of State Mike Pompeo and Treasury Secretary Stephen Mnuchin last week demanding an assessment of US business security. Georgia and Bidzina Ivanishvili's ties with Russia and Iran.

In the letter, senators and congressmen emphasize that they are concerned about "Georgia's illegal financial ties with US competitors and enemies, including Iran," which threatens the national US security.

In addition, Russian FSB-related resources have joined the scandal, actively spreading the position of representatives of the Georgian ruling Georgian Dream party.

I wonder how this will affect Frontera's position in the oil and gas sector of Ukraine?"

Source - https://13taras.livejournal.com/574384.html (this is a community publishing platform)

Posted by sonnyclimes on the 24th May :-

Symore_Bottoms on ii
So the high profile ‘war of words’ continue. The latest revelation from Domfok keeps the candlelight flickering despite some gusty winds on the Georgian Plains. So despite all the propaganda being pumped out by the GOGC through their lawyers, their public Facebook page and supported by Russian media outlets, Zaza continues to fight his corner. Reminds me of that song from Tom Petty “You can take me to the gates of hell, but I won’t back down”.

Anyway, I think the Georgians strategy has been that if they keep saying they’ve won the Arbitration for long enough, FRR, would just fade in to the night; well that isn’t happening as Zaza is going on Live TV to deliver his version of the Arbitration outcome; he is basically calling GOGC a bunch of liars. So who’s deluded, Zaza or the Georgians? I guess time will give the answer to that important question. Or as I have said before, the truth lies somewhere in the middle.

But it does seem to me that the American bigwigs are throwing more weight behind FRR and this can be seen by Zaza’s confidence, taking on the regime single handedly on TV.

Also, it was a wise move by FRR to farmout Block 12 to Frontera Resources US (‘FRUS’), hence legitimatising US Congressmen intervention to support an ‘American’ company. The Georgians were hoping that they could placate the US hierarchy by arguing that FRR has no ties to the USA, I.e this is a Cayman Island registered company, trading on LSE, operating in Georgia; perhaps they are still holding this line?

Politics further ratcheted up by FRR accusing the Georgian Dream Party of importing/moonshining on Iranian oil. Recall shortly after Khaka Kaladze visit to Tehran in late 2015, his Ministry (of Energy) was absorbed in to SAOG and he went on to became the Mayor of Tbilisi. Was this done on the instructions of US? I would suggest so.

Bidzina Ivanishivili, an unelected representative, but the principal decision-maker in Georgian Politics and a Russian protagonist running the country for his and his Russian master’s benefit. Unfortunately Georgian public can kiss goodbye to EU membership and NATO until they can get rid of this cancer. Frontera caught right bang in the middle. Has this become a personal crusade for Zaza, to save his people? This is going to have a messy ending unless there is high level mediation.

As far as the relation between FRR and FRUS is concerned, that is unclear at the moment, but if there was ill-intention from Zaza et al, he could have come up with another company name that didn’t have ‘Frontera Resources’ in it. Doh. So I remain hopeful that this entity will be brought in to the FRR Group, if we come out of this apocalypse situation. Good luck all.

Posted by PJOHN on the 24th May :-

RE: Mr Kinzinger strikes again
Kinzinger: Georgia is Occupied, Which is Enough for Me to Let it Join NATO

"The fact that Georgia is occupied is enough for me to let the country join NATO," Congressman Adam Kinzinger said in an interview with VOA's Georgian Service.

In his words, "Russia is a weak country, which will continue creating problems."

"Russia is playing a negative role not only in terms of influence but also in terms of creating mass instability. They know this, that's how Russia behaves. Russia is much weaker than America. They will continue to create problems. As I told European leaders in a speech to the Atlantic Council yesterday, it is time for us to be two times more involved in Georgia and not to allow Russia to bully us. The fact that Georgia is occupied is enough for me to let Georgia join NATO. We should not be intimidated by such a weak country called Russia," Kinzinger said.

By Ana Dumbadze

22 May 2020 13:09

Lots planning
http://georgiatoday.ge/news/21269/EU%2C-Energy-Community%2C-UNDP-Help-Georgia-Refine-its-Climate-and-Energy-Legislation

Elections
https://agenda.ge/en/news/2020/492

NATO
https://agenda.ge/en/news/2020/1617

Gas prices
https://www.rigzone.com/news/big_jump_predicted_for_nat_gas_prices-22-may-2020-162174-article/

Interesting
https://www.lexology.com/library/detail.aspx?g=1facc075-a5e3-4269-9c03-a520861050b0

Another arbitration similar story
https://www.deccanherald.com/amp/business/reliance-estimates-200-400-mn-liability-in-kg-d6-cost-recovery-dispute-841280.html

Georgians taking a chance by bending the rules
https://www.financialexpress.com/opinion/arbitrary-arbitration-enforcing-global-awards-is-getting-more-complicated/1940260/

Posted by Looed on the 24th May :-

Article on Georgia/ CV / regional issues in The FT
"Georgia’s president warns crisis could trigger Russian aggression"

https://www.ft.com/content/6cdccf47-4284-40d8-8aab-9c5754145457

Mr Kinzinger strikes again

Similar to the last article, mentions the port, no mention of FRR

"Adam Kinzinger : The Parliamentary Speaker, Government and Opposition, who have been looking for the way out in these hard times, deserve a special praise"

Source - https://www.interpressnews.ge/en/article/107558-adam-kinzinger-the-parliamentary-speaker-government-and-opposition-who-have-been-looking-for-the-way-out-in-these-hard-times-deserve-a-special-praise

Posted by regdik on the 23nd May :-

RE: Article - “ Two truths about two televisions about "Frontera"
Its interesting to step back and watch the posting of others.
Those that seek out and try and find answers and those who have opinions based on whatever their position may be.
One think is certain this is not over and little old FRR are fighting their corner with every tool thy have.
A lot of posters want ZaZa to come clean – “really” and say what! FRR are way beyond being able to satisfy their SH’s. The only uttering would have to be around the Arb result (others issues are set around CC’s so privy to lawyer approval – if have one.
If their are commercial sensitivities then a lot will be redacted but many will press and press for detail that seems at this moment time cannot be released.
Some posters are hounded (on both sides) no one knows on here how this will finish, Some seem to infer a higher understanding. Look what happened to B20 being hounded to comment he has been around a long time and connected to O&G by his posting history (I have been monitoring B20 a long time). So he may have contacts or using his knowledge of where to look and who to talk too. Or he may be like the resident Rat pack only time will tell.

In my view FRR will now only release the “final news” (good or bad) as I cannot see them wanting to get into any form of intermediator discussions after reading the BB’s. Are the BB being monitored iMO I’m sure they are by more than FRR. If we have what NSA say is under their feet in Georgia a lot of very powerful people (not only in Georgia) will be interested getting their fingers in the pie. If not why all the effort, time and money over scrubland.

If ZaZa wins something as a SH then all of the other SH will get a share if not we will all get nothing but he will lose his reputation in his own country that he has always come across as proud Georgian.

I wish him well and good fortune

Posted by bugsy-b on the 23nd May :-

RE: Article - “ Two truths about two televisions about "Frontera"
Cracking find again Dom.. Zaza wanted a “live broadcast”..
I wonder if he things to say that he didn’t want editing out..

Posted by JV123 on the 23nd May :-

Great find indeed!

The fact he requested a live tv interview says a lot. You don’t do that unless your are very confident and comfortable with your position.

Posted by StarRage on the 23nd May :-

Just been having dinner actually tsbs. Well it's a case of who you believe, GOGC and Hogan Lovells or Frontera. Why you get all over excited simply because the man who misled investors over the loan notes, misled the Nomad so they resigned, promised regular updates to shareholders etc goes on Georgian tv and says the opposite is beyond me. One of the parties is telling fibs and you all seem to discount that it could be the mighty ZM.

ODR, the asset was transferred to FRUS. Do you have shares there?

I don’t think we know either way how FRUS is connected or not. Just saying that believing we are aligned with him is a leap of faith imo

Posted by Scripts on the 23nd May :-

Frontera Resources has been bandied around the news in Georgia, Zaza has been painting his picture as an honest director of a company who has been persecuted by the Georgian powers that be. His reputation is being tarnished and success is the only way he can gain credibility. I can’t see him not including shareholders IF this all works out in his favour.

Posted by DomFok on the 23nd May :-

Article - “ Two truths about two televisions about "Frontera"
https://mediacritic.ge/article/ori-televiziis-ori-simartle-pronteras-shesakheb

Interesting bit from this article :-

“According to the journalist, it was not possible to record the director of the company "Frontera" Zaza Mamulaishvili, because he demanded a live broadcast, which was not provided by the format of "Week of Hope".

***
Two days later, the Georgian audience was able to understand the position of "Frontera" on a completely different channel and program, when Zaza Mamulaishvili joined the live broadcast of journalist Eka Kvesitadze in the program "Chief of the Night".

The director of Frontera Resources Georgia Corporation provided us with radically different information from the lawyer of Hogan Lowels regarding the decision of the Stockholm International Arbitration.

"The arbitration dispute ended with the state having 14 claims. Out of these 14 claims, the arbitration satisfied only 2, did not satisfy the basic requirements, which was about 320 million. Payment of GEL as if due to breach of contract; The request to terminate the contract with Frontera was also rejected, Mamulaishvili said.

Posted by Ivyspivey on the 23nd May :-

JV this was also in the GOGC document.

Despite Frontera’s strong efforts, the Arbitration Tribunal has fully shared the position of the Corporation and the Agency regarding Frontera’s statements over the discovery of volumes of oil and gas were unfounded

So if there is no substantial volumes of oil and gas why are the GOGC and FRR making so much effort to fight on

Posted by StarRage on the 23nd May :-

Ivy, possibly because they believe Frontera are inept and haven't discovered them, not that they are not there waiting to be discovered.

Posted by Ivyspivey on the 23nd May :-

SR,
Agree that I can understand the GG doubting the ability of FRR to extract the stuff and actually produce.

However the article refers to discovery of the oil and gas and don't think either party disputes there are big deposits of both

Posted by StarRage on the 23nd May :-

Ivy, yes, you’re right. I should have said they don’t believe Frontera are able to get the stuff out.

Posted by Looed on the 23nd May :-

RE: Article - US congressman urges Georgian gov't to allow US investments into Anaklia port project"
I should have said GOGC FB page.

Posted by Looed on the 23nd May :-

Article - US congressman urges Georgian gov't to allow US investments into Anaklia port project"
Mr Kinzinger is the politician that appeared on the GOGC website a couple of days ago talking about the FRR case

Source - https://agenda.ge/en/news/2020/1612

The previous two posts are from the 23rd May.
Posted by Looed on the 23nd May :-

StarRage - Lets say I took you to Arbitration and the court Awarded that "StarRage, your purple hair colour is an affront to decency. You are so ordered to return your hair colour to the one before" You can go back and ask them to reissue the Award but to clarify which previous colour as you change it frequently, and by what date the colour must be changed - but the purple hair still has to go. The Award still stands - see what I mean?

Hold on, this is from the Stockholm Board website -

Article 47 Correction and interpretation of an award

(1) Within 30 days of receiving an award, a party may, upon
notice to the other party, request that the Arbitral Tribunal correct any clerical, typographical or computational errors in the award, or provide an interpretation of a specific point or part of the award. After giving the other party an opportunity to comment on the request, and if the Arbitral Tribunal considers the request justified, it shall make the correction or provide the interpretation within 30 days of receiving the request.
(2) The Arbitral Tribunal may correct any error of the type referred to in paragraph (1) above on its own motion within 30 days of the date of an award.
(3) Anycorrectionorinterpretationofanawardshallbeinwri- ting and shall comply with the requirements of Article 42.
Article 48 Additional award
Within 30 days of receiving an award, a party may, upon notice to the other party, request that the Arbitral Tribunal make an additional award on claims presented in the arbitration but not determined in the award. After giving the other party an op- portunity to comment on the request, and if the Arbitral Tribu- nal considers the request justified, it shall make the additional award within 60 days of receiving the request. When deemed necessary, the Board may extend this 60 day time limit.
https://sccinstitute.com/media/293614/arbitration_rules_eng_17_web.pdf

The Award was given 17th April, which is why I said the 30 day window has expired, and we are now in the second phase - it it has been triggered by either side. Hope this helps

Posted by StarRage on the 22nd May :-

Thanks Looed. Not sure what to make of this paragraph’ There is a 30 day window (since expired) where either side can seek a clarification or removal of an ambiguity to the Award. If such a request has been made we are now in the 30 day review and publish period. The chances of annulment is slight. They can only apply based on procedural grounds, not on how the Award is interpreted. ’ I’m not sure how you can seek removal of ambiguity only on procedural grounds as removal of ambiguity by definition causes an issue with how the award is interpreted. My comment about about another court case was partially flippant, but I wouldn’t discount anything with this lot. My take on it is that ZM is making his last throw of the dice, trying to put political pressure on the GOGC to reverse the decision to terminate the contract. A number of people have mentioned that he may be stalling for time till the October elections, but even if that’s his plan, the $46m debt to Outrider is due in August.