Member Info for Phil_2018

We shouldn't let SN run away with it all while we mope around pinning over Frontera. Frontera now us just a distraction that won't help us. We need to be on the ball with what is happening with TXN and SN as if anything will be happening it will almost certainly be there. We don't want anything to get away from us. If this is an attempt by SN to run off with the field data and dropping us in the process then we should certainly not let him get away with it and claim on it as it's really not on. To me it looks like that is what he may be up too.

(Sorry for the split messages my digital keypad on my mobile phone seems to be playing up, it keeps dropping down while I'm typing)

... to carry on where Frontera left off. I think possibly TXN might have been bought as a shell company off the shelf dating from 1997 or just formed as a new company with the bs on their website that it's been going since 1997. Basically it looks like what we were saying last year that SN might form a new company and run of with the field data from Frontera is likely what is happening here. So we are potentially being conned here, and possibly we will see it all evolve after Frontera is liquidated. I personally think that if that is what is going down then we should be on the ball, research TXN, find out and put in a claim if Frontera's field data is being used with TXN in a new contract with the GG on Frontera's previously contracted field as that was where all the money went in proving up the field. It's not right that SN runs away with it all if that is what he is doing and to my mind it is highly looking that way.

So I think we should all be researching TXN in the coming months as much as possible to see what we can turf up? What is happening to Frontera and our investment is depressing but that's gone now.

"TXN appears to be a mirage, created by SN to give the appearance of having operated in Georgia since 1997 with the same website pictures, "Black Sea strategy." To what end this fiction has been created, we don't know--pressing the Georgian government for a deal involving the former assets, lobbying the US Senate on behalf of the current Georgian government in re the MEGOBARI Act as a paid consultant or to curry favor, or both?"

I think you are likely right Njames, I think we would have heard about TXN long before now if it had existed with SN there as we have researched stuff on him & Frontera so much over the years it would have definitely cropped up.

They try to make out that they are doing operations already in Georgia but I am doubtful if they are? Perhaps they will be after Frontera is liquidated. To me it looks like TXN has been brought forth not by coincidence but likely to push forward SN's interests and possibly get a deal on Frontera's previous contracted site. Why else be there?

So to me TXN looks like a clone company of FRR, as you say Njames same website stuff. Frontera basically had too much debt and well us to share anything with. That had all become a liability to be gotten rid off since there was no money left so a dead weight.

TXN presumably deals with all of that by I assume being free of it on a clean sheet without us shareholders and bad debt. My assumption is that SN probably has the field data and that is all that is worth anything from Frontera. He seems to be trying to get the GG onside with his recent lobbying but I think it's probably also in his interests that the Georgian Dream/Georgia isn't isolated and pushed more towards Russia. So better the devil you know.

I think it definitely looks like TXN has been started at a point to carry on w

Hey, you have to be in it to win it 😁

Seriously I can't believe that everyone is content to sit here while we're scammed over with SN likely to go after FRR's previous oil & gas fields with TXN. Needless to say of the all important 'data'.

Looks like the game plan is revealing itself now of what will happen post FRR liquidation and it doesn't look like we are along for the ride.

Oh my mistake, it looks like TXN Energy Corp is a private company like Frontera became, I wonder why 🤔 lol.

Yeah I guess they are looking to keep us out of that one for when they take over FRR's territory and the big oil & gas money comes in. We paid to find the oil, they take all the profit off it!

Their website looks like a clone of Frontera's old website. So similar lot behind it all perhaps:

https://www.txnenergy.com/home?ref=oc-media.org

Scoundrels all it seems indeed.

It's a sad day to see Njames, but when it happens it will give some form of closure from which we may move on. This share could have worked out and been so much more but sadly it didn't.

Unless of course Lifeishard know better lol.

I am with Saucy sausage, TXN is the one to watch and possibly invest in. I wouldn't mind betting some deal with the GG and the previous FRR contract area goes down there before long. Possibly they are waiting for FRR to be liquidated to make sure of a clean slate.

There are scoundrels out there and we unfortunately fell fouls of them.

"Lifeishard: there's no reason to be positive, as any intelligent person knows. We are being liquidated and when that happens the only positive will be that you will finally shut up."

I totally agree with this statement by OneDayRodney. I recall back when FRR was awaiting the outcome of the Arbitration both me and ODR were right that time that despite wishing otherwise the Arbitration board would go against Frontera as they had breached the contract agreement which they did. It was only due to the intervention of the US through lobbying that decided it preferable to back down to avoid upsetting relations with the US.

Happy New Year Lifeishard, this one's for you ;)

https://youtu.be/KxQZQ86jJHg?si=Jj4R7MLM5PLyOO09

Probably Lifeishard did not realise the timelines of it all and assumed that it would be more recent times. He probably didn't intend to twist anything but in abstract terms that is what it ends up looking like.

Personally I don't see the VN situation as offering any hope to us. In the long run she will probably win against SN and claim of him if he has anything much left to claim off. That he is dragging it out maybe means he hasn't the money and is saving up through his chief executive job on TXN.

Probably SN was showing TXN that he could be useful in lobbying the US Senators. They probably wanted him to do that and in any case SN/TXN is probably right that if the US cut off the GG then they will have no choice than to come under full control of Russia. They would have no where else to turn to against Russian influence.

Whether it helps get SN into the good books of the GG who knows. There are probably only so many high level players that wish to dabble in countries like Georgia, SN being one of them no matter how chaotic his carry on seems to be.

Lifeishard seems to often be overoptimistic on this share often clutching at anything that he might see as a faint glimmer of hope. I get that some people went all in with this share but we're almost shut down and almost certainly when that happens it's likely all over for us.

"I truly hope 2026 brings us real holders great health and good fortune"

If it does I doubt it will be with this company lol.

For me the TXN find is a lot more interesting than anything about VN or Mourant. I don't see that anything on VN or Mourant will be of much use to us.

TXN I see as interesting, for us again it probably won't be off much use, but I wouldn't mind getting that SN is trying to get in with the GG for TXN to gain a contract on Frontera's oil & gas fields of some sort.

Frontera I think had too much debt for another company to want to take on and too little time left on the contract. Even if Frontera plowed on itself on another contract it was probably seen as having too much debt so possibly time to start over. That's not good news for us of course. Could only hope that something good comes out of the woodwork for us in all of this but I still doubt it. In general we are still looking at liquidation and a complete wipeout here.

If anything buying into TXN might be worth a punt, you've got to be in it to win it and all of that lol.

So Steve has done the GG a favour, what favour might he get in return... Hmmnnn.... 🤔

TXN Energy is an interesting find, and SN's chief executive position on it. I am surprised that hadn't come up before on here, not as far as I am aware. I was certainly completely in the dark about it as I am guessing many on here were.

So Steve had another place to jump to, I am guessing he gets a fair income from TXN. A conflict of interest I wonder? Involvement in two energy companies.

So where does this leave Frontera? A company that has now been ditched 🤔 I'm guessing that TXN didn't want to take over Frontera as with so little tind left on the license/the licence expiring then nothing really much to buy.

Steve seems to be cosying up to the GG in lobbying on their behalf. Will TXN try to reach an agreement with the GG for Frontera's oil & gas fields. If those fields were developed just think of all the extra money they could bring in. Steve knows all about those fields, the GG probably can get some oil from the little that is developed but probably needs an oil & gas company and further knowledge to really get the much greater full value out of the oil & gas fields there.

So

Can't we all just write a nice Christmas Card to Vicky asking her to chip a few million dollars in to save FRR. I'm sure she will appreciate us asking and to be honest who knows might turn out to be a long shot way off getting her money back that might turn out good in the end.

Main issue would be getting a new deal with the GOGC, they seem content running the field themselves at the moment, but development of the field? That could take in many millions for all concerned.

Other than that Lifeishard maybe just take another punt on another share. Penny shares are always a punt really, they can come up trumps when they do turn out well. This one had potential but that fell through unfortunately, that happens with penny shares, anyone who but penny shares thinking they aren't at least somewhat risky is a fool. People on here blame rampers, short sellers, scams, etc but really it's just that they took a risk and it didn't work out. AIM can work out but only a few do and it's a risky place to be.

End of the day don't worry about it too much, we all die in the end so none of this or anything we do ever really matters anyway, we're just playing a game along the way really.

The assumption Mapp I think was that block 12 had so much Oil & Gas and off good quality to be too good to have a foreign company getting a big cut of the share of the profits.

That's why presumably the GG stopped the Tender process and fought FRR so heavily with the Arbitration. If there was no interest in such a field then there wouldn't have been such a fight over an empty box. Even within FRR there was the fight for control by SH, ZM, etc and possibly by the finance companies they owed money too.

Last we heard was that the GG was taking from the existing wells that were drilled, fracked and producing. Probably corrupt officials are getting good money from those wells, maybe there is even some infighting there over it. My guess is that some research online or more likely even going over there and asking locals in the area about it would probably turf up some interesting stories.

It might end up as one of those places people fight over for a long time and nothing much is ever done as it's always in contention. I assume FRR probably really tried with the GG to get a follow on deal for a long time but no success as the field just was potentially too lucrative to let go. It's the logical thing to do for them to have tried.

It would be interesting if it were possible to get hold of FRR's communication, movement & dealings now that they are soon to no longer be operating if that is possible?

In any case Mapp I would just look at other shares and move on if I were you. If this share had come good none of us would be saying that it was a scam. It could have come good but I think there was too many people getting too greedy for it to work out in the end and of course some mismanagement along the way also. ZM should have never had been taken on that was a big mistake.

"Thanks for clarifying Looed, I asked if it could due to this latest development from you on Steve, I will keep the slimmest of hopes and prayers going he is up to something that involves us real holders 🙏"

This is hilarious from Lifeishard. Life is hard if you make it hard on yourself indeed. SN is facing a court case from Mourant to reclaim money from the personal guarantees SN. SN is facing another case from his sister VN to claim back the money he shouldn't have taken from the family trust to invest in FRR. Both are credible cases I would say that have a good chance of succeeding against SN. SN could likely end up paying out a lot of money, maybe it might even bankrupt him who knows 🤔

Lifeishard meanwhile is wondering if SN is up to something that involves us real holders from hearing that Mourant is after him for money! Really I'm LMAO and I'm a real holder who has lost money on this one.

Lifeishard, SN will be too concerned with his own neck up to sh*t situation to be able to even contemplate the concerns shareholders. I don't think that SN is a bad guy or was up to anything bad. He wouldn't have put in family trust fund money into FRR to try to make it work or made personal guarantees if he wasn't legit about really trying to make FRR work.

I think he made some bad decisions along the way, getting ZM onboard was the main one as he was just after a chance to get what he could for himself, stuff anyone else. He probably led SN as well as shareholders on. He probably persuaded SN to delist and go private knowing that it would eventually give him cover to act in his own interests even up to criminal actions on his part.

FRR really is a sad state of affairs, it did offer hope about 8 years ago that we could all do well on this share but bad management and decision making ruined it's chances.

Whether the Dream Party stays in power or not I can't see anyway back for FRR. We are out of contract on the field and even if FRUS remains as a shell of a company I don't see any reason why anyone would award us a new contract? If we aren't holding anything they need them I really can't see it. I don't mean to be hard on you Lifeishard but I think you are causing yourself more of a hard time by hoping on. It would be better for you to get on Netflix or similar, play through all sorts on there, drink your favourite drink and forget this share ever existed.

I assume we are waiting for the company dissolution. To be honest I would rather it be over and done with now and this sad case situation be ended. That way we can all move on. I don't bother checking in on here much anymore as there seems little reason to do so. We tried and we lost on this one. The Georgian Government has taken over the Gas and Oil field Frontera had as there is money to take from those wells and Frontera are out of contract. So nothing left really.

Mapp, Aim, penny shares, companies operating in corrupt nations, start ups, exploration companies, etc are always at the risky end.

Essentially you are accepting the big risk on your money invested for larger gain. If FRR had paid off the £7k I had invested (became £15k before that awful Christmas delisting) would have turned into something in the £100,000's probably.

Instead I could have invested that £7k in the S&P 500 and probably have something like £11k or so now. £11k would be nice to have but it's not likely to turn out to be life changing for me.

So do I or you take a gamble and play for the big money or scrimp and scrape for a small but safe improvement in funds?

Everyone was after this one after the big oil & gas were found. The GOGC now have the field and seem to wanting to develop it themselves probably with corrupt people in power getting rich of the back of it. SH we all feared wanted to screw us over but bizarrely may have been our best 'hope'. ZM got what he could out of it as he could probably see where it was going so instead of becoming a pauper went dodgy instead. SH I think genuinely wanted to make it work and probably thought it would so much so that he put in family trust money that he supposedly shouldn't have.

That leaves the present situation. We are now left with a company on the brink of liquidation that even the liquidators don't want to liquidated as there is no money in it for them. So supposedly this company will be left ongoing as just a shell of a company with us shareholders, no net worth or assets forever more?

I'm struggling to see if this company would ever be resurrected as it now has no field. Our shares are left remaining but have no real value. So personally I will likely look at investments elsewhere. Do I go for safe investments this time and earn a small amount which is nice but may do little for me or chance it again on an Aim company and hope I come of better?

Then again I could always get into shorts and hope I don't get into a worse mess and actually make a lot of money 🤔

Is this one not all wrapped up yet?

Deloitte seem to be taking their time about it.

Potentially, it could have worked out for FRR but there was so much fighting over the box that the box split and so no one got anything in the end. That was a result of the Directors and other big players involved. That SN stole and Invested family money that he shouldn't have done I guess showed that he wanted it to work.

If all the Directors and big players had worked together and avoided greed and selfishness getting the better of them it could have worked I think. As such this company was badly managed and a big loss occured when we were headed to big money. I blame the Directors for not getting the GOGC/GG onside. If anything they got them offside and that added to FRR woes when we should have been making progress. Other companies in Georgia manage to deal with the GG etc, there is no reason we shouldn't have been able to but for bad management.

People who have lost big money whine on here but none of them are prepared to do anything about it. That's up to them if they don't mind their money being lost so easy. There are people that could be held accountable, SN, ZM, the Nomad, etc but none of these big investors wants to bother even trying, that's up to them, but in my book if you sit there and do nothing about it, it's your own fault. No point whining as nothing is going to change from what it is through whining.

Myself I invested a small sum in FRR, money I would have preferred not to lose but money I chose to stake on this. This game is at an end and so it's time to move on elsewhere. GLA

I guess that will dismay those thinking we are in the last chance saloon, GLA long term investors, etc...

It will no doubt dismay VN as to where her money went also...

For me I need to learn from this sorry debacle and look elsewhere for better tidings I hope 🙏

Probably investing in S&P 500 would be a better game I think. It's pretty impossible to lose the lot as has been the case here and overtime it tends to go up. Investing in one share seems to be a mugs hand unless lady fortune passes your way.

Would be interested to hear if any others here have any post FRR liquidation investment plans?