Member Info for pyrotech

no 10 oclock train from london

Lets assume no news before 4th
thats currently 50/50

So what can Zaza talk about

I would suggest Zone 19
He could tell us that its flowing continuously since first reported and at same rate.
We already know it was flowing at a rate that meant it had huge value and excited the BOD

He may not clarify who majors are, but may tell us more about what they are looking at and in what context.
We can also ask if that situation, two majors looking at data is still current or if more or less involved today.

Zaza may confirm how many payments made to YA to date.

Confirm Niko drilling for November and if zone 19 will be drilled too

Finances going forward and what it allows for future drilling

Are we looking for partners to drill, or does revenue mean we plan to drill next year - if so when, how many ?

That gives us idea of flow rates and current revenue.

How far are we away from inputting direct to pipeline?
Again gives us some idea of flow rates and how much more before we reach that bench mark.

Arbitration
Can he confirm its about Block 12 entirely, the Gas or just the oil?
Is it resolved and some idea of what its regarding if not

future funding
Is YA on track?
Are we looking at primary bid to rid of them
Are we looking at alternatives / Zaza or II

Consolidation
Is it being considered, if so when?
Gives us idea of state of affairs
Finally Moldova
Whats going on there, Are we planning a drill and if so when

Then join the dots to make the picture from the answers

So plenty to talk about even if no news before, although of course the real answers we seek will still remain obscure

Can contain anything
I suspect that FRR have asked for complete non disclosure - remember we almost got tucked up before with outrider using info to gain.
So i suspect FRR have locked all possabilities

FRR may want YA out before they disclose as it may have effect on SP and with YA playing games the SP Could be hugely sold into by them.
So maybe its FRR that asked for complete radio silence

Its all guessing but remember its in Zaza interest as much as ours that the SP gets a sustained rise not a spike

So in all honesty, i believe FRR do not want Majors named at this time and for good reason.

We are just going to have to trust our BoD whilst they act in our interest and for their own interest.

If Zaza had a few shares in FRR, i would possibly be worried, he is a MAJOR shareholder and has 1b shares.
May i suggest he is looking after his own interests and in doing so Ours too.

I am not ramping - its what i believe. Nothing has been said that Majors want what we have. It states that they are looking at data and a NDA is in place. A normal procedure when looking at any commercial data is to put a NDA in place. Outrider where in NDA with us before but they used info to try a hostile takeover and our BoD protected us from it.

Again, and i keep using this phrase
You do not fight over an empty box
Outrider saw data and wanted what we have
Georgian Govt have suddenly started arbitration - this year
2, yes not one but two majors looking at data
Niko being drilled without cost to us financed by II and hopefully to zone 19

Pretty sure that someone saw something before deciding they will pay for that drill.

Read between the lines and does it not seem that others are very interested in what we have, the last few years has seen some scrambling if not fighting over what Frontera may be holding.
Now scrambling or fighting, i suggest that box contains something worth the effort.

I suggest that although its possible the NDA is covering not mentioning Majors by name, that its FRR that instigated that, not the Majors.

Currently Big historic oil fields are being drained and new oil is needed
Add to that the BRICs countries and their evolution towards industrialisation and you can see the search for new oil and gas super fields is becoming a priority.
https://oilprice.com/Energy/Crude-Oil/The-Oil-Industry-Needs-Large-New-Discoveries-Very-Soon.html

Can i add that the Chinese particularly like discretion when looking at potential deals - are hungry for oil and gas too.
We do not necessarily need Exxon or BP, Schlumberger are at a revenue of $36B which is plenty for little FRR and Sinopec and Chinese Oil Company are with even higher available funds if the prise is worthy

You probably find the NDA covers many things from A frontera prospective first and foremost.
For example the 2d and 3d data
The EWT
How much has been sold and transported
The drop down rates
The possible upside.

The Majors would want their data also protected, they would not just rely on data from FRR, they would have onsite engineers doing additional tests and analysis.

They do not want to spend money and time doing that fro Frontera to share it with others, For instance, One major suddenly finds something that really increases value that FRR had not found, tell FRR and FRR use it then to increase bidding with a new company taking interest.

Thats why NDA

So to ensure we do not have any possibility of either side breaking the NDA, its likely that the best way is to give as little info out as possible. I suspect that some direct and carefully thought discussion went on between FRR BOD / Lawyers and with the Majors involved before even announcing 2 majors are involved.

The other benefit to holding back this info, is that FRR can say MAJORS
People now think Chevron, Exxon, BP and Shell as possible candidates. Some have infrastructure in place, so why not. However this is most likely to be Schlumberger as one of the two.
These are a oil Major, but not super major. I would be delighted if they are involved.

This would make other Super Majors investigate FRR, to see who was involved. They would of course be able to see who is looking at data as they have the ability to see who has been to Georgia and when.
They would at least see FRR again on the map, and may consider taking a look themselves.

So the news blackout, may not be because majors insisted on not being named, but rather FRR being cautious. Careful if you like.
Although if a oil major, perhaps you would prefer your competitors to know very little of what your looking as next venture, especially if it had big potential.
You do not fight over an empty box

Thanks to you and the others who replied
I was trying to work it out n my phone (at work) and just got home to see the replies
Thank you

can someone confirm where Zaza accumulated 1 billion shares. reported first at 70 m ish then about 400m added makes it about 500m were rest debt conversion trying to work his average price

yes Prod
they must like a bit of rough LMAO

Problem is , we have posters with agenda that post on here and they use miss info posted by Winnifilth and others

So by bringing his trash up to the surface it ables us to fight them off and stop them recycling it for their agendas.

Forewarned is forearmed
Keep your friends close and your Enemies closer

Personally i tried to make the headline stand out so people will know its context too

Zac and Winnifrith are out in force today with this crap

For those not familiar with these two look up their real names on *************
Real names Cac (Zac ) and Tom Winnifilth

Today’s results statement beggars belief. The G&A is still close to $7mm (annualised) despite such limited progress on its asset base. In 1H’18, G&A is almost half that money spent on advancing the project. In 1H’17 it’s worse, as the ~$3mm G&A bill was 67x that spent on drilling. Just in case you thought that was an apparition, the 2017 full year G&A was $7.1mm, some 6.4x that invested in the ground. A further point of note is the fact that all of 1H’18’s G&A was paid in cash, opposed to ~$1mm in shares in 1H’17.

That management continue to draw such large payments from the Company in the face of such rampant value destruction is disgusting. What makes it worse is that after so much money spent in supposedly advancing the asset base, that nothing has been done to improve its understanding or selectively develop the horizons. In short, we believe that this Company is an abomination and its management obscene.

If i said i was owning a ferrari it would be possible
If i said i lived in a Castle - its a maybe
But....
In profit, Come on that would be pushing it beyond belief
Lmao

I am still one up on you
i have a 27 year old Brazilian wife with a Brazilian

i think winner takes all

No point in raking up last nights posts again, we moved on and different people have different opinions and this is not the place to debate those issues

For the record ...My wife is Brazilian

Maybe we would be better off trying to work out the average price, FRR would have received per barrel of oil in the period July, August and September.

Oil currently above $72 and Brent $82

mapp
i want to have a little rummage around inside your head
Its appearing like a little magical place full of surprise and a maze where anyone could become lost.

Anyone else taking train from South Wales or on the route to Paddington?

We have the scare mongering jumping on anything they can

Firstly reason for meetings
Frr have held annual meetings in USA historically and if they wanted to limit share holders they could do so by doing similar again. Its being held in UK in a venue many are familiar with and have attended before.
So procedural or not its been done where investors can attend.

Now the twitter posts

Firstly, until June the company were spending money working wells, any wells completed where under test.
So until then we would be making very little revenue.
Since then wells have been producing and oil transported to sell.
Oil price has increased substantially since the first half of this year too.

Now any oil trucked or trained after middle of May would not be paid until after June
Thats confirmed as its 45 days for payment after reaching port.

So lets look at those figures and break them apart
First operations
They say 1.3m for 3 months - that could be reduced by a large amount as operations for drilling turned to testing, remember also in that time we were working on UD2

Then they say almost 5m needed till now and another 3 for end of year
However we are probably at 1000 barrels a day now ( maybe more or little less)
Lets say , to keep a margin, we have £50 a barrel
Thats $50,000 a day or $1.5m a month

July - Sept = $4.5m plus
They say we need another $3m till end of year
Well at that rate we have $4.5m

50% more than they say we need for next period

What we have here is a window looking out the back of a train, you can not see where you are or where your heading, just what you have past previously.
The end of reporting period is where revenue most likely picked up significantly and please remember that 45 days wait for payment plays a further part in what we have but can not see.

Lastly
If FRR where in trouble and could not pay, would they not have just let YA take the shares. Think about it. If Zaza new that the company was cash strapped then surely he would have said to YA - yes can you take shares this month.

There may be a small case that FRR are awaiting a cash bonus from a JV or farm in, but its taken longer than expected due to dot i's and cross T's, but even if that was miscalculated, allowing YA to sell shares for debt conversion would have been obvious choice.

I suggest - based on the little info we have that FRR are slightly cash positive and having just enough to pay all the bills ,with an ongoing improving financial situation.
DYOR

We have all been pretty friendly on here, so may be better we leave Uk politics , religion , ethnicity and Brexit out from conversations.
there are many boards on the net where frustrations can be voiced and rights and wrongs debated

The above are the major reasons for war and arguments and really can only cause bad feeling on a board like this.

Lets try and keep it FRR related or we will probably see a boxing match before the meeting, blood on the floor and shirt sleeves used as bandages and slings.

Its going to be a hard enough week waiting to see if anything comes out in RNS before 4th

So perhaps we can all wipe our mouths and move on.

Politics - problem with political jokes is ....they get elected.

Its very close to tower hill tube station, so look for that on google maps

Someone asked few hours ago do i think the 15m are YA

I would suggest it has their look about it, certainly looks YA related

As for what price the SP could go to

To work that out can i suggest an equation

First check average price of SN holding
Then same For Zaza

What ever is the highest average price is our starting block
Then add 50% to that figure

So lets say Zaza holding has average price of 2p then 3p is your number

With Zaza adding recently and the wages not making up his cash back in other ways, i would suggest he believes his money will be returned

I also suggest Zaza would want at minimum a 50% upside, remember this money could be earning good interest in a USA or Georgian fund, isa equivalent.
You could possibly get a 30% increase over 7 years if invested in a bank fund and less risk

So if someone has the accurate current average price of shares held by Zaza then i think we can work on that as our baseline - then as i said minimum 50% upside, i would suggest Zaza would want a much greater return but lets work at this level leaving upside.

I think a deal on Georgia is being compiled, possibly cash and a free carry for FRR
FRR then moving on to Moldova and having a nice income by the farm in /JV that has the free carry of probably 10% of sales

The job application posted earlier is very interesting as FRR are talking about Majors not Super Majors - as it happens in email to YJ today i mentioned same company by name, They certainly fit the bill.
Zaza knows the potential more than us, i can not imagine him adding at great amounts, like he has , if he felt that money was not safe.
Last year he could have walked away switching off the lights on the way out and taking his losses, instead he invested a large amount into the business. What he knows and what he is able to share officially are two very different things
Follow the money