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

Posted by bugsy-b on the 14th Feb :-

Zaza interview
"Details of the Frontera dispute - interview with the company's CEO
Print · 14/02/2020 14:38"

http://mediamall.ge/new/89372-Fronteras-davis-detalebi--interviu-kompaniis-aghmasrulebel-direqtortan?fbclid=IwAR3Uzd56egjOINV_QvlbYOqZ3jVQb8DFvpv7lm3Lwd8hIjb2SAE5q_O7tlo

Posted by Blownitalready on the 14th Feb :-

mmm.... is he referring to Frontera I wonder?
Irakli Kobakhidze: Their attitude is simple - there is a bad, weak opposition, but this is the opposition today and you have to keep going
“There is some logic that comes out of the conversations of our friends, MEPs and congressmen. They see that the government is strong today and that it means supporting the people. They know that we are backed by the power of the people, they also see that the opposition is extremely weak in this situation. Consequently, their position is that while they know everything about the opposition, the pro-Russian parties, especially the National Movement, they know about its past, though their attitude is simple, which may seem a bit hard to see at first, and that, sir, is bad. The opposition is a weak opposition, but this is the opposition today, and that's where it comes from This should help keep the opposition weak. It's a bit weird to hear this position, but it is fixed by our American and European friends. "

According to him, there is some margin between statements made by senators and MEPs.

“There are different types of statements and there are different types of statements. These include statements directly funded by the lobbying channel. You know, for example, that one of the American companies that has problems with their cause is operating in the US Congress, and not only this year, but also in the previous years, they initiated documents through lobbyists that somehow conflicted with our state interests. However, there are some positions that may have other grounds. I mean both congressmen and MEPs, and we were convinced of that when we had meetings with congressmen and then MEPs, ”Irakli Kobakhidze said.

https://ipress.ge/new/irakli-kobakhidze-mathi-damokidebuleba-aris-martivi-aris-tsudi-susti-opozitsia-magram-es-aris-dghes-opozitsia-da-unda-sheinarchunoth/

Posted by Looed on the 13th Feb :-

Pt.2
Some experts argue that the Americans "clung" to the Georgian port, seeing in it a "parking lot" for their Navy - a very convenient place from where you can even control Central Asia. But Ivanishvili is “interfering”, wishing to maintain strategic relations with the USA, but at the same time avoiding a major quarrel with Russia. And now the Americans are blaming the ruling party under his leadership for all the deadly sins, directly supporting the opposition, although it is not clear which local politicians they have put on this time.
There is something to blame the Georgian authorities for, but what does the Americans care about, for example, on what system the country will hold parliamentary elections in the fall, or on other issues of a purely internal nature?
Surprisingly, this time Washington was answered. Secretary General of the "dreamers" party Kakha Kaladze said that the statements of the Americans, "made in a similar tone, go beyond friendship." And the head of the Georgian Foreign Ministry, David Zalkaliani, noted that "letters are not an effective way in relations, personal contacts are more effective." After them, he and parliament speaker Archil Talakvadze went to Washington, the latter saying that he would “convince” American colleagues that “Georgia would not back down on the path to strengthening democracy.”

Many local experts believe that American politicians attacked Ivanishvili and Co. with the filing of the party of ex-president Saakashvili "Unified National Movement", which still has influence in the political circles of the United States and Europe. The opposition is confident that, with appropriate support, it will be able to drive Ivanishvili and the "dreamers" out of power.

In addition to the American one, it uses another win-win "card" - the Russian one. PACE ministry, co-chaired by Georgia, is scheduled for mid-May in Tbilisi. But many members of the Russian delegation visited Abkhazia and South Ossetia without the permission of Tbilisi, not to mention the fact that "Lavrov himself" may arrive in Georgia. The statement of President Salome Zurabishvili, according to which Russian deputies, as an exception, will be able to come, caused a flurry of emotions in the opposition spectrum - she threatens the authorities with protests.
What they could lead to was already demonstrated last summer, when Russian deputy Sergei Gavrilov sat in Tbilisi "in the wrong chair." The case ended with anti-Russian rallies, attempts to storm the parliament, the cessation of direct air links between Georgia and the Russian Federation and many other troubles.
“The protests that have been voiced here bear signs of political ignorance and political cretinism,” Georgian expert Demur Giorkhelidze said in an interview with “Eurasia Rhythm”. “Georgia and Russia have big problems, and it should use all the ways and stands to discuss and solve these problems.” However the Georgian leadership has nei

Posted by Looed on the 13th Feb :-

Russian article "Georgia: between the American hammer and the anvil of the Russian Federation"
A passing reference to FRR but lots on USA / Georgia relations, complaints from senators etc

Pt.1
"The unexpected attacks of the USA and the “scandalous” participation of the Russian delegation in the PACE event in Tbilisi threaten the country with complete chaos and loss of sovereignty.
Georgia is very proud of its independence and "unprecedented" partnership with the United States, but, as it turned out, the first is fictitious, and the second is dubious. Tbilisi cannot take a step without Washington’s permission, and disobeying it, it gets it “under the breath”. Why are there only angry letters from American politicians to Georgian Prime Minister Georgy Gakharia - in two months, as many as six messages with a variety of claims.

Interestingly, their authors are actually “lobbyists of Georgia,” which did not stop them from attacking the Georgian Dream party. The name of its creator, billionaire Bidzina Ivanishvili, in a critical aspect, also sounded during a speech in the House of Representatives of Congressman Pete Olson - for "pressure" on the American company Frontera Resources, which for many years "searched" for oil and gas in Georgia, spreading information about "large deposits" . Olson said that "the oligarch ... attacked foreign investors, violating the rights and freedoms of citizens." In general, Ivanishvili is the main target, which means that “lobbyists” want a change of power in the republic, while also pursuing their narrow goals. One of the “goals” is the port of Anaklia, located within walking distance from Abkhazia, where the military bases of the Russian Federation are located. Anaklia Development Consortium was founded by TBC Holding, whose shareholders are banker Mamuka Khazaradze and American Conti International LLC. However, Conti left him in August, and the Georgian government terminated the agreement with the “constantly non-performing financial obligations” consortium. Khazaradze, in response to the authorities, created the opposition Lelo party.

However, even before the congressmen's epistolary activity, the ex-curator of the State Department for Georgia, Matthew Bryza. stated that the port of Anaklia could have a huge impact on the prospect of Georgia joining NATO and its aspiration to the European Union. Moreover, the “Russian theme” in the context of its construction sounded like a key one. “If the Anaklia project fails, it will be a sign that Georgia does not have real, but ephemeral independence, that you are a quasi-sovereign state,” Bryza said.

Posted by Zeninvestor on the 12th Feb :-

So the dispute has made its way onto Georgian TV. From what we can glean, the GOGC are haggling over the specifics of the PSA contract and focussing on that alone Tatishvili is dismissing Frontera's huge investment in Georgia on the basis that the Georgians didn't ask them to invest so much: "The state did not set off the company an investment of several hundred million, because this investment was not made in accordance with the requirements of the contract." Arbitration may see that differently. Frontera have invested hugely to make the fields viable. Tatishvili acknowledges that FRR have (until recently perhaps) revenue but have diverted it elsewhere and not paid the work force. Of course, he conveniently forgets the $6million VAT rebate.

At the last few investor meetings Zaza described a plan for developing the oil wells that was hugely scaleable with sufficient investment. The gas was a separate matter but, as we know, gas flowed from a faulty Soviet well before it collapsed and Steve made enormous claims for Georgia becoming a regional supplier of gas several years ago. So, if we believe Steve and Zaza, the oil wells can be rolled out and the gas is there for development by someone with deep pockets. Zaza gave many hints that dealing with his countrymen was tricky but seemed confident he could handle them. He may have underestimated their stubbornness. What Zaza seemed more worried about was organised shorting and attacks on the share price that made fund-raising virtually impossible. Who was shorting and who was behind them ? It's hard to take anything at face value in this post Cold War saga but Zaza seemed both confident of success in the fields and frustrated by the hidden hand of his enemies. Surely, it's not long before this comes to a head. With every day it seems to be more and more in the public domain and we have a surprising level of political clout behind us. It remains to be seen what Baker Hughes and BP are cooking up while we await arbitration.

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