Member Info for OneDayRodney1

Arsenal: I think what it actually means is that LinkedIn users/viewers (including us!) who have viewed his profile have also viewed FRR employees too. This could have been generated to a degree by people like us doing sleuthing on there; however, I have been looking on there for a long time for links and there has always been a cross over between FRR and BP in terms of when you look at some FRR employees, BP people appear, so I concur that this is evidence of crossover between the two organisations.
GLAmping

It isn't.
If you follow Arigarosa's link the news story is there ... with a picture of glum people holding placards.

Google translate doesn't work on the placards ;).

Maybe that is why zaza talked about funds he couldn't get access to.
Perhaps the oil revenues are going there to?

forbes: welcome to the Board.
Because any chance of us getting anything back on our investment solely hinges on the outcome of the arbitration and this is the first time there has been any hint of positive progress on that front.

Zeps: it doesn't look healthy, but in my opinion it does look healthier than it has at times in this torrid year. The quotes in the Georgian newspaper from Zaza suggest that the arbitration is close to being resolved with us still holding production rights. The problem is that this is a quote from Zaza but we do know from GOGC or Sweden that the arbitration is ongoing/delayed. That means that they must be talking about something. It would also (perhaps) be unwise of Zaza to spout lies in Georgia where GOGC could contradict him (they're probably not going to be bothered about what he says in Ukraine). Against this, laying off long serving loyal employees is a big negative, although I wouldn't put it past Zaza doing this to increase pressure on the Georgian Government; he is certainly ruthless.
So, for me we are in a better place than we have been for a while.
GLAlths

This would suggest that something happened that resulted in all the staff being got rid of on 16 October, including the whole finance and admin team. One wonders what triggered it then rather than at any point in the previous ten months ...

Good work bigdouble and thanks for sharing.
The poor guy seems to be asking for advice as he is clearly owed a lot of money, so I would suggest a sympathetic approach back to him, rather than a barrage of questions.

Thanks regdik.
Appreciated your excellent post yesterday too.
GLAlths

Good afternoon all
If we did get the tax rebate, am I correct in thinking it should/would go direct to the liquidators?
GLA

Goit: see the thread title ;)

Prodigy: are you happy/able to share the whole of the press release if possible please?

Seems like you've woken up and smelt the coffee ...

Good morning all
It was great that Prodigy managed to get hold of the press release and posted the following extract:
"As Zaza Mamulashvili, CEO of the company said, there is progress in the dispute over the company with the government. According to him, virtually all issues are resolved positively, except for one related to the contract between the state and the company. The company has a contract until 2027, the company promises to extend the contract after 2027, otherwise the well will be useless and there will be no time left for the investor to return the investment. He said that after discussing the issue and negotiating with the state it will be possible to sign an agreement with investment banks and conclude a new financing agreement. This will automatically result in the company continuing to operate in the old fashion and delivering employee salaries over time (the exact timing is still unknown!). The crisis period, he said, is until the end of January 2020, after which positive changes are expected both in relations with the state, as well as with investment banks and the company. (The exact time is also unknown here!)"

This did lead to a degree of positivity at the end of yet another long week for us Fronterians.
Whilst this is a positive message, imo there are some caveats to take: firstly it is a report of what Zaza has said and he has a veritable history of painting a rosey picture when he needs to! In this situation he needs to as he wants to placate his work force. If he is to be believed my reading of the translation is that we have been offered a deal to 2027 but that, in order to get finance, he needs the deal to be longer so that the financiers can be paid. Now the length of any contract is not a minor hurdle to get over, and this one is a crucial one too. But, if this is the only issue left to agree then we are in a better place than we have been for a long time. One question that surely must have been asked of him given his last promise of payment imminently from the tax rebate, is what has happened to that scenario?
He is clearly kicking the can down the road now until January, which as an unpaid employee is a huge ask. On top of ten months of no pay one would have thought that at least another three would be the final straw for some. It is of concern that he is talking about January. Why can't this final issue be resolved quicker?
Do others of you read this differently?
GLAdstone

Often stuff on here seems to be so cryptic and we are constantly trying to interpret what folks mean when they say things. We dissect and surmise... now we are trying the same with bloody hand signals!!!
But to join in I am with LCBK's interpretation alas.
GLAdys

StevenP: are you suggesting Ziggy proposes ... ;)?

Thanks Ziggy.

Ziggy: have you chased your journalist lady for any feedback on Zaza's meeting with the employees that was planned for yesterday (I think)?

Arsenal: agreed. Although it is clear Zaza has missed his promised deadline. At least they're meeting again and hopefully we will get an update of what happens now.

Ziggy: great that you have established the contact and shared what you gleaned: thank you!

If you are speaking to her maybe ask what happened to the Finance team?

Keysersoze: the BHGE guy is working for them in Abu Dhabi ...
But the Frontera chap is a new one so I will add him to my list ... so that makes a (magnificent!) seven.

theprodigy: so you have had it confirmed today by GOGC that the arbitration is ongoing but pushed back?
If that is the case then I guess it is possible that all the Finance staff have been laid off to save costs as presumably they had nothing to do.