Member Info for pyrotech

Firegazer,
I have no intention of falling out with you or bedex

I am just saying its not worth worrying about until we find the finish line
We can change nothing.

rallying the troops - yes bedex you could call it that
I have good reason too, i want a form of communication kept open for us to exchange thoughts, and share news.
By keeping this forum alive we do that. If all posts stopped the day we delisted, this would now be close to being closed by LSE.

What ever peoples opinions, discussion on here is important for news from court and any info gained about on the ground in Georgia.

Thats it, and yes people stress and that can cause health problems
Am i happy to be where we are - NO
Do i hope we get what we should from this, YES -: and i have a quietly confident feeling we just may get the result we want.

GLA

Well you can panic and moan - then sell your shares
Oh no

Sorry i correct myself
Panic and moan - then panic and moan
Your stuck in or out, thats it
Whats done is done, close the stable door as many times as you want, the horse has gone.

The only thing you will change by constant worry is your health
relax and let things play out.
If it goes T1ts up the fine have a moan and stress for a week

Stress for months on end over something that can not be changed and what will be will be is pointless.

Unless the lights go out, i will choose to remain positive and i do see things improving in our favour.

Don't risk your health with unnecessary stress guys

Bedex.
Firstly i see no point in being pesimistic, i will just cause prolonged anger and pain.
I see a lot of things making it a optimistic view right now.
Maybe thats contrast, as things did look rather dark for a while

Regarding withholding info
In business sometimes you need to protect people from information.
Telling just shareholders does not happen, You tell shareholders and its also telling competitors, shorters, markets, HOPe and OMF, and every other person or company that can use that information for their own needs. That includes putting a negative spin on things (although some of this did not need any spin)

So i am happy to ask the question when this all comes to a head, but i feel that the secrets, whether we like or agree to them being withheld were for the good of the company. It could be argued it was to protect the huge amounts Zaza has put in, but does that not also protect the amounts we have put in.

I do not like the information that should have been shared, however i am fairly content that it was withheld for the right reasons.
Thats the same now too, no barrister would allow FRR to be releasing any info whilst such a pivotal case is ongoing. Any info could be used against us. Zaza must act short term to protect us longterm.

We need keep the faith, cross fingers and hope for the best.
Meanwhile momentum seems to be moving in FRR favour rather than Hope/ OMF

27th March, is completion date for that house i have been selling for what seems years.
Then 27th FRR in Court and most probable reasons sound good. If it is OOCS then could be released next week.
I have more goings on next week (28th) so wow what a week it could be.

What we can say is, Frr are not going down on 27th, it's not that type of hearing. It's either inclusion of evidence that judge already thinks changes things in our favour, or OOCS. Nothing to fear and so for me this is looking like a very good week

No, we still own a share of the company.
They could feasibly, pay themselves huge wages a fleece us like that, but we could organise legal claims.

This does not appear to be a plan to scam shareholders from investment. This appears to be a plan to safeguard the company from a loan shark and to protect all those genuinely involved.

Conspiracy theories will of course materialise as its a worry for many who may fear the worst.

I think Zaza and SN are out to protect their and our money from HOPE/ OMF period

Okay, please do not shoot me down this is just honest assessment.

Although all ideas put forward about amended summons could well be right i have another possible and fairy likely reason for this.

The company were trying to secure a loan and its suspected Hope tried to block it again.
Now if he did, that would be a new offence and probably our ace card.

However to include that in any case we would need to amend the summons to include that event. Its signifigant so it would need to be included by FRR as gives a big push in our favour.

So although it may be part of OOCS, which i am not ruling out, i would temper expectation a little as this may be the inclusion of evidence.

many will remember the change of sentiment by the judge with evidence suddenly giving FRR claim credibility which lacked early on. This does seem to have the timings of Fudicial duty failure in regards to that loan by Hope.

That would either have pushed Hope towards OOCS, or if not then it would be standard practise for FRR to officially include that event by changing the summons to include it.

Either one is a step forward in right direction for FRR, the Amended summons being for including latest CRIME would still see us making progress but not as quick as the OOCS.

Good luck and maybe we find out soon

"You do not fight over an empty box" 2.16

Hi Mole
A very good summary of historic life in FRR
I also agree fully that this court case was the only way forward with the strangle hold by OMF getting tighter and tighter.

I feel it will pay off, but what ever happens it was the only course of action available as we were almost definitely going to eventually be forced into a position where we were unable to maintain any likelihood of survival. This was planned by hope and OMF.

It may help others if someone can relay what happened previously where OMF were involved in a takeover of FRR a few yers ago. At that time they used insider information to try to gain our assets.

It has been (in my opinion) obvious for quite some time that there were people fighting for what we have, hence my phrase of "you do not fight over an empty box"

Thank you for your positive and informative posts again today

High pressure to dominate until end of the month, some showers South Friday then mainly dry, a little wetter in the North. Cold over weekend but warming with sunshine next week. Madagascar will see a cyclone to its East that will stay out to sea, but send heavy rain over weekend with flooding likely. Meanwhile in Mogadishu Beira will see it getting dryer but further North rain remains for the week ahead.

Other news
Mole has popped out of his hole with a very informative post that explains the last few years very well. Meanwhile FRR continue involvement in Moldova and Ukraine. The lights are still on and its looking like revenue is financing that. I would think the loan must be sorted now and maybe work increasing with BHGE. Who knows what 2,16 are involved with, Gas? Oil? Ukraine? Georgia? Moldova?

3 months of no news on exploration and production. A lot could have happened on the ground in that time. The fact is FRR could have a sharing agreement with new wells worked over or drilled with BHGE.
When this is sorted in court, FRR may be in a very different place, from where we were before delisting. Risks are still there but each day i feel we are in a better place. I have always found bad news travels quicker than good news. I feel if Hope had good news that his shorting buddies would be tipped off and gloating.
I feel that any hold ups to OOCS is due to FRR pushing to maximise their rewards. They could be pushing for $56m for the pain and his resignation. I would see a walk away with zero debt from Hope and his resignation as very positive and anything extra a bonus.
I would also suggest that the loan is in place as a plan B to rid us of Hope.
This is longest i have known FRR to require no additional funding, so something is keeping those lights burning.

Meanwhile - other news - Whats this Brexit thing - anyone heard about it, apparently its a bit of a mess
GLA

I have tried to keep the positivity here over these last 3 difficult months.
The facts were and remain
Zaza stated in meeting last year he only goes to court if success is very strong.
That appeared to be the pre warning that this was coming, except you only see it post occurrence.

I always stated you do not fight over an empty box, Why would anyone risk getting a 20m loan drip fed back to them , when alternative was a worthless asset? It also appears Hope was playing chicken with FRR and /or did not realise that even if he won he may be left with just material assets that FRR own and not blocks as he hoped for.

The latest revelations from the Court, although already things would have moved further on again by now, are extremely positive. A court acts on evidence presented and likelihood. If a court is aware of misrepresentation of the truth or malpractice become revealed, then the Court will take that into consideration if a balance of probability is needed in the proceedings. So if you have already been proven to provide unreliable evidence, then it would be considered that other evidence may be unreliable from that source where probability is required.
So this is very strong for Frontera today
Then any OOCS - that would depend very much on what FRR can prove and the scale of that evidence. A jail term is possible so if evidence gave a possibility of that for Hope, he would be desperate to get a deal. That would also mean if he is found to be in the wrong that settlement would be high cost too.
I would not rule out 3m and leave BOD, or even walk away with nothing rather than lose a large amount of cash.
This of course depends on the strength and type of evidence.

Meanwhile - no loans and yet lights have stayed on at FRR. Thats massive. There has to be a significant revenue to maintain the status quo. The very least seems to be that oil has been produced in fairly significant production during this time. We may even have ourselves started new drilling projects, BHGE may be drilling new projects or BP may be helping whilst gaining information on what we have. personally i think BP will be soon partnering us in Ukraine (just a hunch).
Thing is, with the court case it is very understandable that some things need to be kept a company secrets now. The company not communicating is very understandable, i would expect our barristers to insist that Zaza stays silent whilst they do what they need to do. Limit all risks.

Anyway there it is, as i always said " you do not fight over an empty box" things are swinging with momentum towards us and i think Hope is on the ropes. BHGE were a big name for MOU and 2,16 massive for non disclosure agreement.

You can see why shorters were getting personal (Wrong too) against the positivity and why they have now gone quiet. They needed to scare people into selling them shares at a discount to them. I believe they have to pay interest every month whilst they can not close.
good luck, b

Yes but BP talking about 600bcm of gas in Ukraine is big news as is ukraine announcement that includes frontera.
i think its possible that Frontera are in prime location for BP in Ukraine.

Im just trying to keep people positive whilst we wait and keep this chat open so LSE do not close it due to lack of use.

The news blackout makes us fear the worst, when in truth bad news would flow very quickly. Most would have heard the phrase "no news is good news" trust me any bad news would travel quicker than space x rocket - so right now we can safely say there is no bad news. just hope remains that way.

You do not fight over an empty box !

Im not sure when from but provided link
I think things look very interesting

it may take months for OOCS but i certainly do not think this is game over for us or FRR

Things look very much as thou, without interference that momentum may be increasing.
This of course would line up nicely with what Zaza said previously about Shorting of the company.
This was something that frustrated him hugely.
Maybe this is all coming together slowly but surely

Ps. I am not saying we are safe, as too many unknowns, however i still feel confident.

Something is keeping the lights on since before Xmas 2018, either revenue from oil, or that loan came through. Either or both mean we have life left in the old girl

Why does the guy in blue tie look familiar?
https://goo.gl/images/EGDKpS

Well with announcement by Ukraine about Frontera you have to feel that Frontera are working on behalf of BP
It would ALMOST appear that frontera go into the Eastern Block Countries to clear a path for the Major.
This is interesting .....
But if Ukraine wants real energy independence, this defiance is merely a stepping stone. Rather than simply rerouting the pipes, Kiev must tap into its own huge untapped gas stores. According to BP, Ukraine harbors 600 bcm of proven reserves, enough to cover its energy needs for the next 20 years. Yet the country has been neglecting these reserves ever since the 1970s, when the Soviet Union turned to Siberia as its primary extraction source. Today, it realizes just 3 percent of its deposits every year.

To address this problem, Poroshenko’s government plans to hike domestic gas production from 20bcm in 2016 to 27.6bcm by 2020. Efforts have already been made to demonopolize the sector, adopting EU rules guaranteeing equal access to all suppliers which should, in theory, entice new traders. Taxes on well-diggers have been slashed to encourage exploration, and an international auction on 30 new concessions is slated for this year

Now, now.
please do not try telling me you have learnt to use the filter?
I know you better than that fella.

You been gazing at that fire for too long
:)

happy birthday fella

Lets hope that we all meet up in London again this year for the relaunch of FRR.
How would this do for you mate?

OOCS - April 2019
Announcement of new loan and payment to OMF
Questions over how much money released from loan and where rest came from.


Consolidation of shares 100/1 May
Relisting announced and to relist July 2019
Production figures reveal significant revenue

Relist 3rd week July and same day information released about significant deal with BP over GAS
Baker Hughes / FRR release news on deal on oil after major progress over last 6 months .
SP opens at 50p and powers upwards to £1.80 by first week of August
(which is 1.8p prior to consolidation)

then it musts be greed that makes anyone go long or short on any share?

the fact is, you look at a share and take a punt, you either risk that the company will do well after research - looking at the potential, or you chose to short the share due to that same research.

That same risk is on every share on aim
The risk remains even on the FTSE100, although less risk of failure, the risk and reward are both narrower.

Some people invest in land, property or commodities like gold.
Its trying to make the money you have earned work for you

You either take a low profit profile, with low risk (although that can often lead to loses or occasionally full failure) or you take a bigger risk profile which offers greater reward potential with the higher risk profile.

Is it greed to play the lottery every week?
The chances of winning a life changing amount is by far more huge than here. The Chance is that the £2.00 you pay to get a ticket, will leave you with a piece of paper worth less than 0.00001p

So greed is not the right word, its gambling yes - but its investing at same time to give a new company a chance to become profitable by using your money to give it a footing on its market.
Unfortunately in recent years some directors have abused the markets to fleece money from investors, its true that some are not set u as a real business opportunity, but as a scam with no intention to make investors anything more than a loss.

No one here, or elsewhere on markets was forced to put money in. Short or Long
People made choices after research depending on if they saw that research as positive or negative potential. Whether Shorters or us investors stand to lose on this is still undecided.
Good or bad we can only blame our selves.
Facts are we defaulted and its in court to try to remove everything from us
Fact - that FRR have millions owed to them and have viable business in the ground

Fact is this could still go either way but an OOCS or another form of agreement is most likely.

I still believe long term this will end up becoming a very lucrative investment, but if not then i made a mistake and somewhere in my research i made that error. NO ONE pushed me into this.

This does not look like checkmate for either side, it has all the hallmarks of stalemate, so only compromise can assist both sides to come out with any value.

The only advice i can offer, is that people try not to stress over the result. Stress will effect your health. What will be, will be now. Stressing, shouting, moaning and crying will not change things.
Good luck to you all - What we could do with is some update by sleuths on how production is continuing perhaps using google maps to see that the lights are still on whilst we wait. News on that loan would also give some relief.

One last thing.
What a performance by Wales yesterday. Gran Slam?

Firegazer
I can not argue with that, what you say is very true
I also agree about the undertaker being on speed dial

Maybe BP are on speed dial too?

As for Saturday, what can i say. We are at home in our fortress. Wales appear to be not firing on all cylinders and England seem to be Turbo chargers.
This will be a test in deed and i can not make my mind up on who will come out on top. If you look at the France and Italy game you would expect performance like that will give England a strong and convincing win.
However History tells us that wales can often increase the tempo for what they need to get a win. I hope its a close game with Wales just getting the edge.
A grand Slam going into the rugby World Cup would be a strong marker for any side and both of these have ability to do that. One side will be on course to be the only side that could get the Grand slam by Saturday evening. Which One?

Enjoy the game

I said that post because it was called a ponsy scheme earlier

My take on this is lets wait and see first

We can look at action if this goes bad for us
We COULD look at Nomad and did they not carry out duties correctly
We could look elsewhere at information that was or was not shared timely

However lets not get ahead of our selves. Was info withheld to protect us from OMF?
We do not know. In fact if it was the case, then it stands to reason we would not know.

Lets calmly wait for this to finalise and then when we get to see the outcome we can format a strategy going forward.

If it goes well, that strategy MAY be to add more funds after re-listing and some possible fantastic news involving majors and forward plan
There again it may be what action we can take as a group to try to get justice.

Often people are accused of shutting the stable door after the horse has bolted, in this case i feel we are shutting the stable door before we put the horse in there.
Lets calm down and wait news.
I will be just as annoyed as anyone if there is not a plan and a good outcome, i will definitely be looking for revenge and retribution. However i still feel (rightly or wrongly) rather positive about FRR.

I think many are frustrated as they are searching for news that just is not there.
FRR have to be very careful what they do or say during legal ongoings. Thats painfully obvious. It's just the way it is.

I feel we should have known about the issue before it occured, but would that have not defeated the object if it was to catch Hope / OMF out. I do not think FRR could have RNS the following
WE are soon going into default with a loan, this is not because we can not pay as we have headroom to issue shares. The reason is, that by doing so we can exclude SH from the board long enough to get a major loan that he is blocking. The company will then use that loan to remove SH and OMF from the company as they are out to steal the company from shareholders.
Whilst this may mean we delist and a court case that may take some time to finalise, shareholders have nothing to fear. Whilst we are issuing information like this to our shareholders we feel we might as well tell you that BP are interested in the gas, we do have a NDA in place but what the hell.
As a company we did tell you we had two NDA's in place, We announced BHGE previously and now against NDA, because you insist and although its against all our interest to do so, we have now in this RNS told you about BP. We hope they do not mind. Please to not share the contents of this RNS with Mr Hope as we do not want him foreseeing this plan.

We have to understand that Zaza and the team sometimes have to use operational discretion to complete value in the long term for all. I can quite easily see why info MAY not have been shared, as frustrating as it seems.
This will be quite acceptable if the result medium / longterm is as i hope.

Aubree21,
I can not see BHGE having an MOU with FRR if there was nothing to look at, can you?
They have worked in the field with FRR so they have some understanding of potential.

Oil has and is flowing, some wells for many years.
BP in NDA , Over what? Something thats for sure, even if they decided not to continue they would not have a NDA with FRR just so Zaza and others can set up a scheme.

Zaza called UD2 a success, - yes its cement failed and so the flow of commercial gas into production did not happen, but Zaza stated that what UD2 proved was the big success.
For us Success would have been huge quantities of gas in production and money flowing in. However where was infrastructure to get it to market going to come from. It would take a large amount of money to transport that gas, compress it and input into pipeline. However its likley that the data gathered is sufficient to spark interest form the likes of BP.

I understand the frustration on here, but really we need to stay balanced as we wait news, it could be months away.
Whats keeping the lights on at FRR? I suggest production is holding the line. Maybe that loan is in place.

Maybe we are keeping fact we have the loan quiet, because we are keeping Hope Guessing, so that he can not second guess our next move. The element of surprise can become our best weapon.
Maybe Hope tries to look reasonable, by offering a deal he thinks we can not meet, but to his surprise we can.

We just have to wait, i hope in six months we are all here saying i was right. This is not blind faith. If this was a dead company the lights would have been turned off rather quickly. The info the Judge had seems to indicate that FRR is of some value and he has indicated both sides need to negotiate to help maintain that value.

Lastly, if FRR had nothing, why would Hope go for the company. Why cause default to then be given assets worth £2m, when Zaza could have put a loan in worth $5m and hope get $2m payment and more to come.

Think logically and you can see that FRR has potentially huge value. Will we see that value? I can not say for sure. However currently my thoughts are yes we will. It may still be a long road to start seeing any clarity

Mole i believe had private issues that he was giving attention too.
There is no news, so although i suspect Mole has a look in now and then, for time being whilst news is quiet he is probably attending what is important. Family !

I am quieter, too. Why because like this post all i can offer is drizzle. Nothing clear and nothing bright.

However i am still positive, i still have a feeling with all the info i have that this will come good for FRR.
The reason is Zaza stands to lose more than any of us if this fails, there was lifelines if he really needed them and so it would seem this was a well thought out plan.
1. To stall for time to get loan to rid us of OMF / Hope
or
2. Because evidence about something Hope may or may not have done is going to become clear.

If and when Mole knows something and if it can be shared without causing damage to the ongoing case or negotiations, i am sure he will share it with us.
Mean while most can see YJ are still following this Board and making comments. It seems they have either been told or are using discretion whilst case is ongoing.
loose lips sink ships guys

Any one want to shoot down my positivity, can do so. However positive or negative makes no difference to what will happen. It changes nothing. Its a long road on one that tries the patience of us all, but all we can do is wait.
If you want a positive here it is.
This is still ongoing, work is still on going. WE could have closed down for ever but right now we have not. I will not be counting this investment as part of any retirement plan, but on the other side of the coin, i will not be writing it off either.
Its all to play for.