Member Info for Mike31

We are into June with no news, this will be a Red day...imo of course

I been siting here thinking if I was Zaza, what will I do to create more value out of frr. Well, first need to attract more attention from investors (both institutions and pi's), and restore faith in the company. For this to work, the obvious would be to create more value and start proving up some assets, and at the same time de-risking current/future projects and eliminating debts by making frr a balance positive company (this phrase has already began imo during the announcement of the Niko well). Moving forward, I actually don't think UD2 will be revealed in any way soon because it is our wild card at play, and Zaza may want to keep us mouth watered as he proves up more oil wells (could be the complete opposite if a generous offer being made by a major), but lets assume we have very good data and currently being low balled, as we make progress our hand is getting better which equates to more bargaining power. Only time will tell but I think we are not in a hurry to accept any half decent offers. Might even go at it alone for maximum profit imo

Thank you Mole and all who have kindly shared their thoughts. Special thanks to Mole for the detailed analysis

and scenarios with multiple oil wells and gas at play. Which makes it difficult to give an accurate evaluation of the value of our total asset until all drills are completed and tested? I understand the results will heavily depend of the flow rate of a well, but can somebody give an educated guess on what are we looking at if lets say a major to buy out UD2? I know its not a very good question because that would depend on many factors but still would like to hear some thoughts

I bought in at 12.8p months ago so I need it to break 13p to call it even. I am looking to hold until the said spuds of 2018. Now that someone has started the topic on expected news flow, any guesses which one might come first? Granting visas, spud date, or drill permit for one of the blocks (I think)? I do hope next RNS will be the one we are expecting. Not trying to be negative (just a balanced view) but lets hope there will be no further delays. Fingers crossed.

Amazed new names just appears to warn everybody of the risks. Trying very hard with a username solely made for GGP. If you want to do volunteer work, there is always the charity shops imo

Cmon Amy, be a good girl now and show Rodger where you found those diamonds lol. I remember that movie because not many films with the name Congo

Really...who would sell 12.3k at this level

Well, not knowing is the interesting part, but if I have to bet on it, it has to be something big and in favour for frr. Why would anyone go through such hassle if the whole oil/gas is just a hoax

I'd say we got a pretty good chance for a positive find. Congo has been proven to be rich in resource on many fronts. Why do you think throughout the years company go there to set up their mines. For business of course, not charity

MMs stocking shares in preparation for the eruption

Thank you for your reply Bishand

and going forward please, SP by June?

Where are you? What are your views for today? We all like to hear your prediction of the sp by month end, that leaves us with 5 trading days excluding today before we move into June. Don't tell us you predicted so AFTER it happens because we all like to know in advance your predicted scenarios. Now, I will pass the stage over to you

Forgot to add. I hope to see those who sold now buying at 100% plus more than current price, then we all be saying "well played Zaza" etc

It doesn't matter if you are a long term holder. Maybe, just maybe a NDA will justify everything at a later date. On the plus side, it is filtering out all the traders imho. Once done, the mother of all RNS might just drop for a big surprise

for the last 2 days before open, the share price showing as +23.08%?

I hope that implies the share price and not our emotions XD

All had been discussed. Now just waiting patiently and let the sp do its thing

I bloody do hope the recent sells are part of the NDA involving Exxon and for the greater cause of FRR. Hold imo