Member Info for Phil_2018

My understanding is that we still have the shares but they are now shares of a private limited company as that what Frontera became after they delisted.

They are worthless so far as the London Stock Exchange are concerned as they are not readable on there, so can't be given a worth by them in terms of pence per share.

However to us their worth is really whatever if anything can be gained from the company's activity. It's why all the a r s e i n g around has to now stop and Frontera try and get a new license off the GOGC/GG. While Frontera shouldn't accept an unfair deal from the GOGC/GG it really needs to come to some arrangement rather than let the license lapse and the ball fall into someone else's hands. Then all we've got is the data and the problem with that is that while others don't have that they do now know their is oil & gas down there, it's fracked and some of it is pumping up. So they know something is definitely there to go look for. Our only other advantage as I see it is that if the GG/GOGC don't play fairly with us who else would trust them to play fairly with them. I'm not saying someone wouldn't come forward but that it could likely be an issue.

That SN(FRR) & SH are settling the court cases gives cause for hope that there is still go in all of this for us all. I just wish they would get the hell on with it as it's in everyone's best interest to see the field pumping and wealth created.

Lol, cymro, if she's quoting companies like that as her big clients then it's sounds like she's just starting out, possibly the only one left in town that would accept ZM.

Wasn't Friday just gone the day that FRR (FIC) was going to have an update in one of its cases? i.e, I think we were seeing whether it may have been wrapped up along with the other vs. SN cases.

Would be handy to know if anything was filed for it on Friday?

Yeah think that was more or less the situation kipperman, something like YA trying to sell or selling shares they didn't yet own in FRR or something in that direction, hence why FRR were able to secure a revised deal when they defaulted on the YA loan the first time.

I'm not so sure that YA were the reason for the Nomad resigning, could have been but could have been many reasons. Think FRR & YA had already agreed the revised payment schedule by then, possibly in the Summer, the Nomad resigned in December, right before Christmas I think it was, and then think FRR defaulted on the YA debt around April ish time after that Christmas (or possibly the following year). Anyhow I don't think we got wind of it to way later as the RNS had stopped then because the Nomad had left & court cases begun.

I may not be exact on the above timings but roughly that is how I recall it without going back to be exact.

Anyway, so possibly maybe the Nomad found out something iffy was going on with the YA share selling issue, or Hope, or ZM, etc. Could be anything. I think though with someone with ZM in charge at the time as we now know he is the sort of character that could have been up to many dodgy going ons. Was he involved with dodgy business with YA and the Nomad found out? Was he involved in any other dodgy business and the Nomad found out? Or might his reputation have become known to the Nomad and they wanted nothing of it?

Could have been anything like that or possibly nothing to do with ZM, YA, etc. My guess is that the Nomad saw something they didn't like the lok of and wanted out before they ended up being mired in it.

Indeed, thanks Looed, well I'm guessing now the SH thing is wrapped up (or so far in as we know) then he will have a vested interest in seeing the YA thing sorted out. As I recall a few years back an agreement was reached with FRR for them to pay YA but FRR seems to have not fulfilled that agreement. That I thought at the time was not great as I had hoped for them to offload YA by paying them the money. I don't see any other way than to pay YA what was agreed. If FRR are clearing cases to be able to move the company forward then they need to pay off YA at some point. My thoughts are this might not happen now but as can often be the case just before it gets to court. Odds are FRR need to get a license extension to satisfy any investor first to get the money to pay off YA. Unless SH fronts up the money in return for further shareholding or loan, etc as he is already invested so if push came to shove can't afford to let the ship go down. Then again SN also apparently has a fair amount of money so maybe him. My guess is that they will get the money from somewhere at some point to pay off YA as they can't afford for YA to take them in court.

While Hope having to concede something big would be a big outcome I am doubtful. I personally see the cases as a tool used to theoretically keep hope from getting too much, that or ZM getting him out the way so one less pair of eyes watching so he could make his move. So potentially all the 'discovery' may have been a lot about nothing. That both FRR and Hope paid their own share of court fees and seem to have come to a deal may point to more of a realisation that they need to just get on with it and the court cases were going nowhere/had served their purpose.

Now is not the time to have falling outs, I think a lot of people are getting stressed on here as there is a lot at stake. Some I appreciate have put way, way more than me into this share, they're life savings, big money in the hope of a better life. So I can imagine the degree of stress and ill feeling but those negative feelings won't help and aren't the fault of posters here. We all made our decision to invest here and how much we chose to invest was under our control. It was down to us to do the research and analyse what we heard and saw.

If anything this could be a pivotal moment where continuing to share information is necessary to move with more power and insight as one force rather than fragmented and blinded. I am hopeful that while we can't trust those 'actors' there is a situation where all of those actors need the same as us, for FRR to come good with what's in the ground, that I see as the only thing that helps them and us. That's really the most important thing here, all the carry on for the past few years with one trying to pull a stunt and make of with the lot and court cases must stop as it just wastes time. I'm sure shareholders here won't think twice of taking joint court action on any that try to do us out of are rightful share as shareholders. It really is a no go and another court case where instead just making good on the great wealth the field holds is all that is needed. So let's hold it together as what's best for one of us is best for all of us.

Sharealot, it wasn't an official FRR company statement. It was just an informal communication from someone at FRR. Possibly one or both might have been through company email but it was just an email reply again not an official statement as such from the company. That's how I understand it anyway. In itself I only judge the Email as getting us so far (not very far but better than nothing) as stuff could now be going on that we don't know about in terms of deals being agreed to, financial dabblings, etc. So I agree with EkXoc not to place to much trust in whatever 'actors' are at play. It's why I say judge any share offer on its merit (or lack thereof) rather than just accept anything and run as we could do easily be played for fools and sell out on a fortune. The guys at the top involved are out for what they can get and some as we have seen will try anything on fir their own greed. I would like to think there are decent straight up guys among them and there may well be but it's best if we are guarded ourselves to avoid being suckered by any try ons before this shares value is really tapped into by development of the field.

I'm not all that convinced that at the outset of a possible company statement in a few weeks or so time that it will necessarily be good news. I'm hoping I'm wrong but we one of the 'actors' won't be trying to take undue means to satisfy their own greed. Hence why I can't stress highly enough that we shouldn't just accept any trifle offering for our shares and should hold fast if needs be.

I think in particular we should guard against a ridiculously cheap offer for our shares, i.e less than 1p per share or thereabouts. That in particular would signal someone trying it on then running off and shortly thereafter the true much higher value of the shares becoming apparent - which I think we all know (bn's in oil & gas revenue). Let us not let anyone play us out of what those shares are truly worth. My main hope is that since there is only likely to be so much money up for investment that developing the field will be of up most concern rather than duping shareholders at this late stage in the game, there's been enough carry on it is already. But if needs be I think us Shareholders should be prepared to stick together and hold on until we get a decent payback for what the field is really worth (bn's £).

Potentially there might be a shocker for us with the deal reached, depending on the deal reached, so I am kind of bracing for that just in case. I think in any case even if so we shouldn't give up on our lot. My guess is that SN, SH, etc may seek to do best at their end and that it may or may not be the best news ever for us, but even still we should hold on. Whether SN has thrown in the towel who knows. My hope is that it is still a balanced deal but there's always the possibility that it may not be as hoped for us but even still I think it's worth holding on and hopefully seeing this one come good for us.

ActionPotential I would say what we get back would relate to the situation the company is in. Of course no one wants to get nothing back but the sum of money we get should be reflective of the worth of the situation. If it so happens that it's worth a lot then why take a sum that palls in comparison to it's true worth? We know from the Nomad RNS that there is billions worth of oil & gas there. If a deal has been struck we don't want to take any feeble offering for what might be worth a hell of a lot more and find out several months down the road that we've been done over by agreeing to a pittance for our shares that then become worth way more overnight. What I'm saying is don't get desperate and be ripped off in the process. I don't know what is going to come forth, it might be the case that we are taken along with them for the ride as their main concern is money to develop the field rather than money to buy out shareholders. If it's a whole company sell off then than might be another situation but I think in that case SN, SH, etc will want a good price so hence then we should all get a good price and do well.

My guess at the moment is that SH is quite possibly the investor and the investment will be in the field as that is the top aim and other shareholders not the biggest issue going necessarily. My guess is that (hopefully) any deal with Hope is not too one sided in his favour but balanced just to get the job done. That I think is likely what we all want. So if investment is put in to get the field developed then at some point we should be getting a return either from oil/gas profit, sell on, floatation, etc. Odds are the initial investment may just get the field partially developed to get the ball rolling and floatation or something will occur to raise further money to do the rest, possibly.

Worst case scenario is that it is all going south, we hope not as with what's supposed to be there and ZM's actions confirming there is something worth taking that there really is reason to hope. I think there is a lot of worth there and as the court cases are being called off a deal that is balanced has hopefully taken place. Guess we'll hear at some point and find out what the real deal is that we are facing.

You could be right Pyro, Hope could have possibly come up with the money for a takeover offer. We'll have to just see if so what the deal is at the time. For example it might be that he's willing to offer 5p a share (or more) and he deals with the license extension, etc. That said I would wonder if Hope has that sort of money available, £1bn, etc. Even if he got other investors on board I am doubtful. My original thought of him just coming in with investment to pay off YA and other issues and more importantly develop the field I think might be more plausible. To develop the field would be cheaper than trying to buy shareholders out then needing extra money to develop the field. I know people want a quick out of this share after all these years and a return but I'm still thinking that bailing out too quickly if the moment arises could mean we really sell ourselves short and live to regret it. While I don't want to get people too carried away I think we shouldn't discount the possibility of the field being worth in the region of 15p, 20p, 25p a share once it's been developed for a year or two, etc. So I wouldn't be too quick to grab at a 2.5p or even 5p a share if FRR finally looks like it's got all its ducks lined up in a row for a change.

A r s e nal (sorry filter keeps kicking in lol) I would say we shouldn't underestimate how much our shares may be worth. Sure after all the bad times there has been a lot of pessimism and negative thinking set in with us shareholders. I myself am waiting for the next wave of bad news the company may hit us with on any deals they reached. However I think if we are all too ready to throw in the towel and run off with any paltry offering then that is more than likely what we will be offered.

I still think that despite all the bad news days there is potentially still much going for this share. Court costs, legal fees, settlements, etc may pale in comparison to the wealth that is in the field. Last I understood was that the field is worth billions of £/$ in oil and gas. Yet these Muppets chose to fight among themselves rather than get that field developed. Justified? Who knows, them I guess (SN, ZM, SH, etc) but all I know is that we could have had a field of nodding donkeys by now with big oil & gas sales instead of deserted overgrown mess of a site.

That if course can be changed in an instant with investment money in coming. Quite where from we don't know yet, but it was brought up in trial so there should be something more to it than bs. Did SH offer more money in a revised deal just to get things moving??? That would be my thought as let's face it he's in knee deep here. If FRR got t i t s up then his massive loan notes, shareholding etc is wiped out. That may sink OMF, etc and so Hope's only hope may be to reach a deal and put up more investment so that FRR come good. At the moment any other investor will be dubious of putting millions of dollars at stake given both FRR's track record and the somewhat uncertain Georgia situation. Hope though is already knee deep in it along with the rest of us, he knows what's there and he knows it can make his position good so long as he agrees to play it straight with FRR in any deal.

So yeah I agree that its probably difficult for FRR to get investment elsewhere at this time as it can look a very risky proposition to an outside investor. That's why I'm thinking that the investor mentioned in the trial or at least going forward may well be Hope. That may not please many here I can understand but whatever gets the job done and profit (we hope) on our investment. It's probably why the company don't want to come forth too early with much news as if I'm right they probably want it all sorted out before hitting shareholders with it. That's my guess on what the situation probably is anyway.

Main thing is that (and I know some oldens here won't care too much and I understand that) is that we hold on for a decent deal for ourselves. Shareholders may for example be offered a paltry sum of 2.5p or similar per share this year to sell out but if we wait a year or so when the field gets developed we might found out then that the shares are worth way, way more, 15p or more a share. Stuff happens that way so what

Good info ****nal. Odds FRR's value could be way more than that, as I understand it the oil & gas in the field is worth billions. They'll also be wanting to get way more back than investment made. Depending on route taken from here but maybe at least 5p or possibly much more could be more than feasible.

My guess is, if it's a sell off to another company then that company that buys FRR is going to have to factor in the expense of developing the site, the risk, license extension, the GOGC with 50%, and most of all a very substantial profit for doing it all.

Evaluation: We get out quick and likely make some money upfront but far less than staying the course, in theory.

If an investor puts money into FRR depending on the deal depends on what they get back, it could be a big corporate loan deal, or it could be an investor for equity stake. A big corporate loan if FRR can get it may suit best and doesn't dilute shareholding directly. Investor for equity stake in the company would dilute shareholding but adds value in terms of the investment they bring in. They will want a sizeable profit back, we'll almost certainly be better off, in theory, long term than the above sell off option but it's waiting a while for the field to be developed and money flowing back in.

Of course in with the investment option might be a refloat on the stock exchange as a way for those that want to sell out and others to buy in. If the field is being developed then the price there may not be so bad, likely better than when it ceased on the stick market, assuming licence extension, etc.

I'm not too concerned so long as I get a good amount of money back for investment made. Obviously the more the better but if it comes to a weighing time against money returned then for me it will likely come down to a decision of how much I get back set against extra time I may have to wait. If it's a substantial amount at the outset then I will be happy to go with that, if not so but good money around the corner then I'll wait.

My guess is that it will take a year or two to develop the field and odds are that's the point that the shares might start being worth a lot more than the state of the situation at the moment.

Indeed thank you Looed & Jim for getting in contact and being successful with getting a reply back. It's great to have some bearing on where we are at the moment. So fingers crossed guys & hope this will lead to a good situation for us :)

So far this year I've not been enjoying an overly warm Spring, pretty much how it was way back really, a few semi warmish days and a few cooler overcast rainy ones. Their predicting a real hot Summer like last year in the papers but that may be to sell headlines. Even last year the few very hot days I didn't find as bad as they said, I kept largely indoors and no problem. Climates so change over time, whether we really are facing a problem caused by what we have been doing with climate I'm not sure I'd totally proven as yet.

Any how as to the share people are still very much using petrol cars as electric is struggling to catch on due to upfront cost and other issues. A new cheap petrol car I can get for £12k an electric car of the same size/quality we're talking about £25-30k or more, about double the money upfront. Apparently the Environmental brigade has started up about electric cars not being as environmentally friendly as thought so you just can't win with that lot, lol.

With the share we know Baker Hughes got involved at some point and they were seen as the advance cavalry for a SM, think it might have been Esso who had a big stake in them? Possibly Exxon or BP can't remember now but know a big SM did have a big stake in them. Last I recall was an agreement for BH to develop the field and take a share of the profit for expense I think was on the table. Then the whole fallout of ZM/SH, court cases, nomad going, arbitration came to the fire and it looked like that had fallen through from what we could gather later. The arbitration itself would have likey led BH to question whether FRR would remain in control of anything never mind the rest. A real shame as many years were lost where the field could have been developed sold in and all of us a lot better off but sheer greed of the few seems to have intervened.

By unawares I generally meant if we might be able to get any early wind as to where things are going before I assume FRR announce such. We think there is an investor/investment company out there from the info at the ZM court case. If so I would assume such may be coming action now that the FRR/SH etc court cases have been dropped. Possibly there might be early news on that out there soon, or possibly the GOGC/GG might say something about license extension or whatever. If not already tried it might also be handy someone emailing FRR and saying we've noticed the court cases have been dropped so can we have an update please? Anyone whose good at getting responses back who might have met SN, etc. Just throwing out some ideas here really anything that might tell us the direction of things.

Odds are there may be a flurry of activity happening behind the scenes now that the FRR/SH etc court cases have been wrapped up. Probably not in the ground but in the boardroom with whatever deal agreed to on the table being actioned. Would make sense as the court cases have been dropped for a reason and that's most likely as a result of sone deal to move things forward. We need to know what is commencing now as soon as possible in my opinion so we are not caught unawares by something coming out of the blue in the future. Often with this share it seems to be to expect the unexpected. So emailing the company for updates and digging away I think is the way to go at the moment to see what can be turned up.

Many thanks Looked, of course you are right, I wrongly assumed they did. The Judge signed off but I guess that was on just the motions from both sides to dismiss. So I'm guessing that we're then down to any movement in the company and so the first we're likely to hear is either public news from the media out there of happenings or from FRR/SN itself. I myself am dubious if we will hear anything from them until anything in play is far along. In just hoping we won't be caught in surprise in not a good way. Better case scenario would of course likely be if FRR were happy enough to make an announcement post settlement but I'm not so sure of that. Sounds like a time to really keep eyes & ears out.

So how long do you reckon before we get to hear more info? Any possible public access to the court agreements reached as in terms of the details?

I'm guessing with the main FRR, SN, ZM, SH stuff wrapped up the next stage is that some sort of movement on FRR's situation, so possibly news on that soon? As otherwise little bother rounding off the court cases. So maybe a matter of days or at most perhaps a few weeks for that to commence. Any thoughts?