Member Info for pyrotech

At a breakfast meeting in Brussels with Nato chief Jens Stoltenberg, the US leader said: "Germany is totally controlled by Russia because they will be getting from 60% to 70% of their energy from Russia, and a new pipeline, and you tell me if that's appropriate because I think it's not and I think it's a very bad thing for Nato."
EU figures suggest Russia is responsible for between 50% and 75% of Germany's gas imports, but gas makes up less than 20% of Germany's energy mix for power production.
Germany has given political support for a new Baltic Sea pipeline, Nord Stream 2, which will increase the flow of Russian gas to EU states. The project has been sharply criticised by Poland and others.

n describing Germany as being "totally controlled by Russia" and linking this to what the US sees as Berlin's unsatisfactory defence budget, President Trump is underscoring two longstanding US concerns.
US leaders have long warned of what they see as Europe's uncomfortable dependence upon Russian energy supplies. And they have also been arguing for more than a decade that the Europeans should spend more on defence. Mr Trump has given these twin themes a new and more abrasive tone.
While he may well be overstating Germany's dependence upon Russian energy, even many European leaders are well aware of the potential influence that this could give Moscow. It's an area where short-term economic and longer-term security considerations are at variance.
No wonder then that when the US sanctions Russia for its behaviour in Ukraine and its annexation of Crimea it included steps to hamper anyone who helped build or support new Russian pipelines westwards.

Now maybe there is a new gas source for Europe

Lets get it done
Buyers just pulled out of the sale of one of my houses, this means my funds have been put back another 3 months plus . So i give up i will not be having funds before this rockets.
So my planned top up has failed

So now, i am as impatient as anyone here

I still have a few in GKP , its still well below its heights but it has more than doubled in last few months . I think it needs to reach something like 140.00 for original value to be reached

First Thanks bladey, its money i can afford to lose, as i will not effect my life but also do not want to lose.
I am crossing every finger thou

Shedulike - yes from horses mouth but please read full context

he said will not be releasing flow rates one by one and all together was best

I took that to mean each zone in each well
So when T45 completed we would have all zones given as flow rate
Not as each zone was done

So was it wrong?
Did he mean all current campaign?

Or is it because we are going to look at zone 9 as well before releasing info

Thats the problem we did not ask the right questions

Its very strange that twitter has dried up too
Zaza is certainly not trying to polish a turd, so i feel confident that he feels he has no need too

Regarding this
Oil production has declined over last few years in Georgia and gas production not even worth talking about.
So why sudden interest by these companies for Block 12 or any other, what has changed the current decline and made them suddenly sit up
Thats why its positive

Bladey
i said the same few days ago
Either the silence on NDA is so that we assume one is in place - Zaza can always say he did not say an NDA was in place during 2018
His words were - can we talk about that, a shake of the head and silence
Orchestrated bit of acting?

If this much silence on a NDA then its huge
For me its ignore it for now

Timelines - interesting one as Zaza said release all together, now i thought that meant Zones not wells, we will have to wait and see.

IF UD2 has failed and not been reported over this length of time i think Zaza may face a very hostile meeting - if he held another one. I would want that with holding of info investigated fully.

That would be so foolish and cost the company so much support and credibility that i can not see it being the case.
Oil and gas does take time and i was in a share where David Lenigas was tweeting daily about what they had, i sucked me right in.
I lost a bit of a fortune, so not crowing about what you have may be a better sign of confidence.

I could be very wrong and so it is a case of you pay your money and take your chance.
i intend to more than double my holding if my cash comes before results, but that could be a very bad move or pure genius

Why do i think they want to arbitrate
Because FRR have found the key to unlocking a huge asset thats why

You do not fight over an empty box

So however you look at it, this has to be positive, yes it may slow us down, yes we may need to negotiate a little more of the pie, but i would rather us have something to fight over than something not worth the bother.

For me this is a case of some people not seeing the woods for the trees, I can see the Georgian Govt suddenly seeing FRR having a multibillion dollar asset and wanting us to be less greedy( their opinion) with the costs refund. They see us as being so lucky in finding what we have, not understanding the risk we took.

Thats how i see it

Luis you are a d1ck
If i have the opportunity when my money comes to buy more at a low price i will.
I half expect this to rise before my cash clears, but its getting closer and yes having waited this long i am happy to wait a few more weeks and buy more below 0.04
Now how many shares i have is none of your business, but its not a huge as some on here i can tell you that.
I am a public sector worker, what i have risked is a good amount of cash to income ratio.
What ever i think or want changes nothing, The results will come when they come, Me wanting this or that will not change that.
Having waited months already, i feel quite comfortable waiting a few more weeks if it means i can add more at what i deem a good price.

Its money i earned, its mine and i will do what i want with it thank you.
If that extra money was not coming, i would be as impatient as any one else but for me this is an opportunity.

Thats the thing with the markets, every move is an opportunity, to buy or sell. The trick is to realise the opportunity and choose the right move at right time.

Wow LuluIsland
Your more informed than anyone here
"he georgian government wants to take the assets back and no doubt farm them out to others for a lot of money!"
You know that for sure?
Because as far as i am aware, the arbitration details have remained secret

Then nothing from company about arbitration !
You sure about that too?

Zaza has confirmed it, said using sledgehammer to crack a nut, too others said using JCB apparently.
So your statement again is misleading

As for disclosing what details in any arbitration, i think company letting lawyers sort it out and advice what and when to release info is more prudent than satisfying your need to know.

Telling you will change nothing in a positive way, but could be technically very problematic in a negative way.
Let the Georgians sort this out Zaza and the Govt, he knows what is deemed to be the best way politically and lawfully in Georgia. We do not.

Nothing is late yet
As for the christmas presents, they may be there , just not handed over to us yet

These wells were proved to flow
One well already flowed for 9 years

Minimum flow rate after stimulation would be increase of 50% so those saying company is doomed are not being honest. We are more likley to be flowing at much greater volume.

UD2 is unlikely to be selling gas thou, it would need a pipeline, i suspect its being flared until stable flow and then capped so we or someone makes a pipeline to transport it, or a compressor in lace to tank it.

I notice Lulu tried another negative post today, unsuccessfully. It actually says: that the russians would never let us have our snout in the trough. So that means it thinks we have a trough .....correct.
Bit like the arbitration - you do not fight over an empty trough or box.

So although i can not see how Russia can change anything here, i would like to reflect on the fact LuisIsland can see our huge trough.

Back to gas, we know its there we been selling it from shallow fields
This is about proving the extraction from the deeper zones.

Someone mentioned September for results - yes please as that would allow me to make a huge purchase at a nice low price to increase my holding.
After that i will be as impatient as everyone else

Daylight robbery on aim?

Been a few
TXO where they funded private companies as part of the investment
I did some research on who owned these private companies - guess who?
Their board did- we financed them then they closed down TXO

MTV
Disruptive tech
Actually it was far from it, the time they took to make it meant apps came out on phones to watch TV anywhere.
However the BOD done quite nicely out of it, very little money went in from them, huge wages thou

GKP
A certain Mr Kozel sneaking his shares out on a spike, when it became public he insisted it was just a divorce agreement. perhaps he should have played less in lap dance clubs.
Still he did quite nicely, a multimillionaire along with a Certain Conservative MP who also did quite nicely doing FA

Pi's however, well they lost a fortune

FRR - is different
Its not guaranteed to sucess, nothing is
However SN and Zaza stand to lose more than they have put in, if it went wrong.
The pay they get would take many many years to breakeven - so i have more faith here as they are more aligned with us

Coggy my younger brother is a pilot for Emirates, so always a little bit of fighting going on, Apparently his plane is bigger and faster than my fire truck
However he needs fire trucks like ours every time he has an issue on the plane, as he comes into land.

Maybe his uniform is more of a magnet for the women, but some posh girls like a bit off rough and rugged.
He can have any empty box thou, i will wait for the full one
:)

That depends on the NDA and the company
You can rRNS a NDA or choose not too
In fact it very common for Multiple NDA's being put in place
I would suggest they have either RNS'ed it to provoke interest with shareholders on what it may be, or because something was expected as news which they can not now disclose.

With FRR Zaza said a few meetings back that a NDA was in place, since then he has declined to comment on it, utilising our lawyer and suggesting it can not be disclosed 'can i talk about that "

Now i do find that starnge
Is he allowing us to assume one is in place when its not
or
Why would he not be allowed to state one is in place without going into details

Now the only reason for the latter, would i suspect be that by telling us it tells others like Georgian Govt
So it gets hunted for by them

I have a sneaky feeling that this NDA has possibly ended and we are being played on that one
Howver who know with FRR, it could be something amazing like Exxon having massive plans for region and insisting on 100% secrecy

Been saying it for months now, " you do not fight over an empty box, so that arbitration talk makes me think something huge is going on behind the scenes

I agree with that, Why would you show the cards your holding to the opposition, in a game of poker?

The arbitration will be on what they know, and thats in regards to what they think in any sense of it.
What part of block they think we have not perfomed in
What we have and what they want from that as their share
Time frames for operating as producer could be part of it but those things are normally sorted in agreements that are pretty water tight.
If i was Zaza i would want a complete radio silence until what they want , what they think we have and why they want it is communicated and scrutinised by lawyers.

Lets face it, they may have wanted more pie as they are aware Exxon or 2,16 want in with us

My position here, is , i am waiting funds for major top up so i will be honest and say it suits me pretty well if SP stays low for a few more weeks, but i think the sand is running quickly thru the egg timer now and news is due any day, possibly as early as tomorrow.

Vinny - i am not being rude, but maybe you would be better u with actions not words - if your going out there just go and if you got no images that prove it then please refrain from posting reports here about your trip. So why not press that button to purchase the tickets - put up or shut up

I think this is really exciting news
The pipeline is used by many and it can be tapped into on the route

Its no secret who uses it
Its no secret what they put in it
Its no secret where product is from (until now)

So what is the secrecy here
The terms of the agreement are confidential, said Exxonmobil’s media relations advisor.

Now i must say i am a glass half full type of person, but that seems an unusual statement and seems that a NDA is in place for something.
Could this be the clue that Exxon are looking at FRR and the trip to Georgia was to check the hydrocarbons in our block 12, they have agreement for using a spur on pipeline but can not say where and for what and who with.

May be clutching at straws ey

I hope not too, would be my great great grandchildren seeing any profit

I seriously think Zaza can play that comment as he wishes and make it fit
I thought he meant all zones in any well being tested , but he may as easily meant when we have all the current campaign results in, he will tell the market
UD2 is the elephant in the room

Surely its been too long now for it to have not been reported if failure
I have to assume they are either still trying to get sustained rate, so currently its good flow but stutters at times, or for political or commercial reasons FRR want to keep the good news away from the market.

UD2 may be the most exciting part, i feel someone will be taking the gas on and we will continue under a JV on the oil and the oil will make this a sustainable company financially .
The gas money financing a move to Moldova with money in the bank for FRR and perhaps share of future profits, or gas taken as a dividend for shareholders.

God i hope i am right, or im stuffed

Can i remind people
Not in the last meeting, but in the one before Zaza stated he would not be releasing results one by one. The results would be released when all complete.
Now did that just mean exch zone, or everything as in all wells complete?

If we had really bad results the market would have to be told, we were told when UD2 was last tested that it needed 70 tons to get it to flow, which told us they were unsuccessful before that. Zaza could not hide behind a failed UD2 as it would be obvious within a month which has gone by along time ago. Zaza can extend the testing to delay telling us, if its good, he can make out that it needs longer.
I suspect thats most likely and either to not give Georgian Govt too much valuable info until arbitration reason or it is completed, or on behalf of a major who are looking at the data. Being an old well, the rates may also be good but not stable. Its interesting that we are not doing any more gas wells for two years. So Zaza must of known that when he made that statement. So if UD2 is bad he would have a very volatile meeting with shareholders in next meeting and possibly find investigation for with holding sensitive info.

Biggest problem here is the Shareholders expectations, people saying RNS will be this week and without any real evidence to suggest thats true. RNS for flow rates could be released later today or in August plus. Many get so excited believing it coming that it creates a huge negativity if they are wrong.
Flow rates as well must be at least ok, we would be told if we messed up a drill and abandoned a well, we have not. These were already producing wells and stimulation will have at least increased productivity.
Another company liked those result enough to do next one for us.

Times like this we need to trust the CEO that he is acting on our best interests, even if at the time we do not understand it at the time
just my opinion of course
Each day gets me closer to the sp being low when i have finances to make major top up, so just to be honest i have more reasons than most to see this delay as a positive, i understand that others may be urgently needing money out which means its opposite for them and they see each day as a real pain

Hi 5p, i do not think we can blame them for this drop today, may have not helped but anyone selling just because of a joke should not be invested.
I think its just some got bored and moved on to the imminent share to rise in their research, some needed funds released for holidays etc, plus as i said earlier would anyone open a T20 today ? I think probably not. They will wait now for some sign of news.
I really see this as an opportunity to load up, bring average down or join in.

Puddy and Zibs have both been very good posters here and some good banter, this board would miss them. With Chessie i know he was and probably still is a large holder, with some knowledge about the company.

I was angry Saturday as i felt let down, but moved on. This board would miss the 3 of them if they moved on.

If it makes you feel any better, i have no fear right now about the decline in SP, i could be wrong but with TW and others looking for any reason to trash the company, if something signifigantly bad was happening they would be posting it everywhere.

Hi 5p, i do not think we can blame them for this drop today, may have not helped but anyone selling just because of a joke should not be invested.
I think its just some got bored and moved on to the imminent share to rise in their research, some needed funds released for holidays etc, plus as i said earlier would anyone open a T20 today ? I think probably not. They will wait now for some sign of news.
I really see this as an opportunity to load up, bring average down or join in.

Puddy and Zibs have both been very good posters here and some good banter, this board would miss them. With Chessie i know he was and probably still is a large holder, with some knowledge about the company.

I was angry Saturday as i felt let down, but moved on. This board would miss the 3 of them if they moved on.

If it makes you feel any better, i have no fear right now about the decline in SP, i could be wrong but with TW and others looking for any reason to trash the company, if something signifigantly bad was happening they would be posting it everywhere.