Member Info for pyrotech

I think you will find that Vaca Muerta is deep as well as shallow shale gas, similar to what we have, plus its not exactly a small area either, about size of Beligium. The gas is also for mainly selling locally, not transporting to Europe.

Hi all just some thoughts Firstly i do not believe that Exxon are looking for our oil, Exxon like deep wells that bring thousands of barrels of oil out a day. What we have is up to 1000 barrels a day from each well if they were fully stimulated. 200 wells having oil collected and transported to a pipeline by truck is not the general way that Exxon do things, this is very profitable for someone like FRR and could completely change the company, but its small fry and pain in the ass for someone like Exxon. Exxon would prefer a new block off shore Brazil etc where one well sets them up for years and output many times each well we have. Chariot oil and gas would fit that bill. Now the whole of Georgia is similar to our block 12 So its unlikely that the hydrocarbons that Exxon visited for were for Oil. Not likely in Georgia. Gas is another ball game thou, Exxon are looking for gas as its the biggest growth market, many gas fields accross the globe, Vog for instance has gas it needs to sell. But down there it needs compression and changing to LPG, then loaded on to tankers and then transported and off loaded. Nice but alot of ball ache, especially if you had a gas source, next to your market and infrastructure in place to get it there. So we know Exxon have been looking at hydrocarbons in Georgia We suspect unlikely to be oil as its small scale and huge numbers of wells to get kind of volume they deal with. We know they are looking for gas Now who has gas in georgia? A few companies but all shallow fields, except for FRR Plus Exxon make this visit, just as testing of UD2 get underway. Expect Exxon to insist on further testing, extending the period etc, but really if you look at the facts, its a huge possibility that Exxon are there due to the gas and we are currently only ones with testing of deep well gas. Then arbitration fiasco starts around same time, news from UD2 goes quiet and pictures are very seldom seen. fact is - Exxon been in Georgia, Exxon are on hunt for new gas resources and FRR are only ones with deep well gas at this time. Slighly possible that Exxon are requesting a test drill off shore for oil or gas, but they are currently looking at removing risk by taking over explored and proven fields rather than the expensive and more risky exploration them selves. I know some may dissagree but for me the Exxon probability looks very probable.

H e means Socar +Exxon + BP Consortium Quite feasible if gas flow and data is looking good Probably we would have someone farm in on some financial deal first to test for themselves and that would take many millions of dollars, So it could take 2 years for final decision if gas was as we hope. However i been here so many years that another two would be easy - especially as we would see a good rise just on 2,16 or USA company joining in to look at it.

https://drive.google.com/file/d/1pn-PQamXTNKrpB9voSAdkSe4LHcPsGGw/view?usp=sharing

Why do people think Exxon involved in this? I see a bank has offered to invest and will get money back by having 60% of revenue Then after getting back investmet the investor /bank get 30% of profits from that well Why do people think this is more than us, drilling , paid for by an ii and for the ii its a nice profit over time Positive and great news but people seem to be barking up wrong tree

A blue day almost forgot what that looked like It would be so funny if YA were pre selling, something they like to do On expectation of getting the shares next month Then Zaza pays them off and they have to Buy shares at higher price to fulfil the deal Anyway could cancelled shares be, YA pre selling and they are cancelled as shares not available Almost a game being played by YA - discusted that never to be used again Its all very starnge but maybe ended today as that rare tint of blue has appeared

9m of yesterdays trades cancelled, even with volume dropping the assault continues I know some think its Exxon and i hope it is, but i think Georgian Govt and reason for that is the sustained attack of cancelled trades started around same time as arbitration was leaked. That was no accident. TW did not happen to come across that info - it was fed to him by someone who was involved in it and that means most likely the Georgian Govt It was intended to do two things, put fear in shareholders and to lower the share price. Many shareholders seem comfortable with what FRR are achieving. You get the feel of share holder sentiment on here, yes annoyed with sp, but fairly happy with the progress on ground. So i do not see a mass sell off, just manipulation

Bugsy-b it was tongue in cheek cospiracy But thanks for the correction I do hope many a true word said in jest comes true about Exxon thou

I notice Georgia oil and gas own 10% of their shares I wonder with what we have, if they own many of ours here is one of my famous conspiracy theories Frr have great results - perhaps with gas too So Georgia oil and gas - who currently have just a few million shares decide to load up So they want cheap as possible and with some internal current holders a share swap So they start a fake arbitration procedure and leak it out to known big mouths The company ask what its about and GOaG just fob FRR off, no official documents meanwhile things slow down, where permits were granted on time delays start to occur whilst Georgia oil and gas load up on shares. When they are done, permits will fly out and everything gets signed off. Oh, and arbitration gets cancelled Exxon then get green light to take over the gas Probably a Carlsberg conspiracy, but better than a Russian vodka one

Hope not they are almost identical to FRR Yes shares the costs but 2b shares and 20m mcap Its like a minow with a minow Exxon or BP i hope

I am in a share thats risen every day this week on a day by day basis Yet every day its down from the day before The mms do this buy starting each day much lower than previous days close they rise it by 2.3% during day, but thats still lower than previous close Next day they open even lower, rise by 2.3% Close up each day yet all week the share price has dropped Clever huh

Im only giving ideas and possibilities Remember this Zaza is CEO, of FRR not blue peter He certainly seems to have shareholder interest, but he is not a charity. If i was he, doing everyone a favour, getting rid of Ya, putting large amount of money away by doing so. I would want a good return. I would want as many shares as they would have had. Minimum Difference is then rather than seeing rises stopped by ya selling, Zaza likely to hold on to shares.

Yes shares went to a few entities At times its been difficult to decide who was selling , at one stage we thought contractors had sold theirs. As for the unlikely scenario you say why Zaza gave a good RNS? Well question is did he? It could be that he reported minimum he could get away with He could have said we have sold 30,000 barrels over last 45 days He could have said we are now at a stable flow rate, which we expect to remain constant for minimum 12 months Thing is we do not know everything that could have been reported That RNS was good - medium long term But there is alot of obvious information missing

They are pleased to announce a placing? Yes its great - more dilution and 26% down on the day Pleased is not the words i would choose, the directors need to start making a profit where dilution is reversed. Seems they are pleased as its used to pay their wages. Seriously this is turning into a dog share, i am one very unhappy investor today having seen the turn around promises for last 5 years that never quite happen. oh well maybe 2020

No talk like that please Making a film, going from aim to main market all sounds like the talk on GKP before it did go on main market after winning the long court case. We all thought leaving aim for main market was catylyst for huge rise, in fact it went from �240 too 12p in months I do not want another GKP here thank you

I agree always YA involved and i for one will be glad to see the back of them I just wonder, that as its common knowledge that Zaza wants to end business with them if they are trying to make that harder in some way. That they may fight to get shares rather than brought out. Saying that. If Zaza was to buy them out and take shares for it, would it not be in his interest to get the sp low too, to maximise how many shares he gets from buying them out. Maybe him and a ii in cohoots to maximise what they can gain from that buyout Just another idea

No change reported Again this was strange too % Shares Owned: 4.34% # of Holders: 1 Total Shares Held: 684,634,212 3 Mo. Net Change: 56,052,442 # New Positions: 0 # Closed Positions: 0 # Increased Positions: 1 # Reduced Positions: 0 # Net Buyers:

i read some time ago, about a computer trading device that manipulated prices, it was used alot in currencies That was something to do with taking a price up or down and could orchestrate direction. The software cancelled trades and just manipulated the price. This was at trading end not joe public There was also a "glitch" that they attributed to it rather than actual purposely manipulating If that was the case here ..why? I still think its transfer of shares and a naughty way of doing it for profit Bloody annoying i know that much Make most of sunshine - thunderstorms tomorrow ( although a few in South should have seen some over last day or so too)

At the meeting back on 9th, Zaza said no plans for FRR to do more gas wells in 24 months Three possibilities 1. Gas could not be extracted at a quantity to make viable, so back to drawing board. This fairly unlikely as to make that decision we would have needed RNS on the failure to get commercial gas from UD2 - i can not 100% discount this but it really is the least likely. 2. Good gas result, but due to costs FRR will concentrate on the easy to exploit and cost effective oil. Bringing company towards a sustainable financial position. The company intend then to make new wells to exploit fully. Now for me i do see some reason to do that, as company has spread its self to wide in the past, but gas is energy of the future, is environmentally favoured and a huge market close by with infrastructure to transport it. So that makes the gas hugely valuable but expensive to get started. I would suggest 50/50 of this being reason. 3. Someone else will be doing the gas not FRR. The gas has flowed and NDA is being used and in a clever way, company are able to delay results - under the guise that they want to check for longer period to ensure accuracy of the results. The Exxon story is interesting and distinctly possible, but without clarification we can not be sure they were not there about other areas to purchase. I find this is most likely to be somewhere near the truth. Why prove up the gas then do nothing at all. A farm in partner ( hopefully a major) would have the cashflow to drill new gas wells and to get them linked and transport gas into the pipelines. They could theoretically drill multiple wells simultaneously and really push the gas forwards very quickly. The Major could be announced before July ends, possibly drilling and completing two additional new wells by November / December bringing up to 7mmcf into the pipeline by Winter for Georgia and Europe. Frr complete the plan for oil building inline with the plan in Q4 and taking that forward slowly building momentum and cash flow. The partner working gas may initially bring little income to FRR but would take on the costs of drilling and then recover the costs from sales before a sharing agreement comes into place. Many different ways to make agreements for these situations. Arbitration - i feel this is about gas Am i worried ? NO - you do not fight over an empty box

Prodigy Please no threats like that You and Coggy both in woolies windows Thought put me off my breakfast I agree about gas, if unable to flow it should have been RNS'ed by now so i tend to think flow is ok, most likely being kept in dark as others evaluate it. The damage would be big if it appears the BOD were keeping back bad news, that would cause more harm than a bad result as the gas does not make the company alone, the oil does that. So my thoughts are that mistrust for withholding bad news would cause much more damage than a bad result, so for me the result must be somewhere between okay and very good. I think June will make this clear What ever happens - i hope they board up all woolies windows before you two ever get near them :)