Member Info for pyrotech

Jester, Unless of course BH are taking out oil too which is very feasible.

YA had to be paid and i believe for two reasons
1. Because we would probably not survive if YA went for default too
2. Because if the case against Hope is in the hands of YA, the smoking gun, then no one would get paid if we lost our main witness.

You have made a very definitive allegation against Yorkville in your post, i believe the exact wrong doing has never been made public. We have made some assumptions based on what we were told at the time . I would be rather careful in making fact of what you suggest YA have done as it could leave you in trouble. We all think we know what they did, but we have very little evidence of the facts. We just know they were investigated by the board, and had done something. We may find that if they are standing with us against hope, that this is critical to our survival.

The way i see this is, that its not fake news. It may be exaggerated thou.

We know Zaza met the workers in meetings, he has said they will get paid but of course he needed them to keep working in the mean time.
It sounds like he told them more than we know, most will remember the talk early 2019 for large investment. This has now been awaited eagerly and i suggest they wanted some deals first ...such as the PSA and length of years extended. this is fairly normal as they would want to maximise the investment. If Zaza showed them how he could pay back in 10 years, they would want double to counter any potential issues, weather, blowout or political unrest etc.

So i would say the 70m is likely and awaits the agreement with gg. Now is that a investment from Finance company or from a SM?
We have to wait to see.

The workers pay is unfortunate, i do feel for them. However lets give a analogy.
Your in a ship that being rowing towards paradise, the food starts to run out and its rationed. You complain as you need the food for energy etc. The captain says ... when we get to the Island you can have all the food you want, The most food goes to the rowers as they need to get us there. Everyone else will go hungry but must still play their role.
When we get there you can also have Land to farm and build on too. However we must get to the Island first.
This is similar, we had to survive the journey and yes some hardship had to take place to get there. It seems we had to pay YA but by doing so we are close to promised land.
Its extremely interesting that there is secrets being shared in the courts. Could this be YA with the golden bullet? We paid YA off and they have agreed to spill the beans but in a closed session. Could this be where Hope suddenly settles with a deal that favours us.

I hope all those workers get a bonus before my dividend, i feel thou that it was inevitable and without paying YA off we would all lose, including those workers who would be out of a job with no prospect of being paid.
Agreement with GG will be the start, i think behind closed doors the smoking gun will be released thanks to YA and 2020 will see communication return.

We have survived 12 months with the sharks circling and to me we are at a critical stage where things may very quickly start to go our way.
I think Zaza was telling them if we do not produce, then we can not survive and pay ever.

You do not fight over an empty box !

Lets keep our feet firmly on the land here
The amounts are right for valuation but we need to look at some variations

1. The proved gas in place - estimates are one thing proven are another. so we could be looking at 10% of estimate is exploitable. 3TCF

I will add that there very much possibilities that that estimate could rise higher and considerably so (100TCF)

Then Georgian government will take half i suspect.
Thats now 1.5TCF plus 9billion barrels of oil (pretty much worse case scenario)
Then company costs to exploit so take another 10% off

My estimated worst case scenario would be 3B GBP for gas and oil
20p a share

Jet lag so please check my maths
So what is in my opinion the very worst case scenario we would have 20p a share
That is what a call a overfull box that they are fighting for and is what we should be basing estimates on.
There is definitely a case for suggesting that the Gas in place proven could be 30TCF or higher, for 30TCF proven i would just add a zero to my share price estimate.

Personally i think Gerogian govt believed they had hard to exploit oil and no easy to exploit gas. The deals they made, would make a profit for them and the company but these relatively small, so needed something of a good deal to companies to make it worth while.
When FRR started talking figures, it became slowly apparent that this was a big box, the government realised that the income which they thought was millions became multiple billions. They of course realised the deals were to favourable to the Company and wanted more of the action. You can not really blame them.
FRR shared info several years ago for a farm in deal, This was OMF gaining info and attempting a hostile take over. Some suggested 5p a share (can any one verify)
Frr fought against OMF and Hope and eventually SH was made a board member.

does anyone want to argue that people have not been fighting over the box?
You do not fight over an empty box.

Its a slip up one way or another
Either he has said they will be farming in where he meant looking at possibly farming in, or he has certainly slipped up by stating something thats not in the public domain.
How quick this will be picked up be those looking to invest somewhere will be interesting, this news possibly better just into the new trading year but the start of next week may be interesting. I do hope 2020 starts with confirmation and a deserved rise for us investors. We need quite a lift just to break even here.
GLA and have a good xmas whilst we wait good news

sorry that should say right git but spell checker changed it

Sorry fella. I could not build the courage to come up North. Just landed at a cold wet heathrow. You can send that very old fire stick for app update. Free. p.s that firestick is worth more than our shares at the moment. However that firestick is full of potential and can give a over flowing box of entertainment. movies etc. Just like the overflowing box in Georgia.
so you right got. contact me to get it updated. lol

sorry all. currently still in hawaii and 10 hours time difference. my main point is the one is started years back now. You do not fight over an empty box and I am really starting to believe we may see the value of that box.
Back in UK just before xmas so those I do not catch. merry xmas and prosperous 2020 when that box is revealed

Coggy but was he in the library with Mrs Brown or Mrs Green?

THey can get the money they risked back.
So if Mr Brown purchased 1k value of FRR, then they borrowed the stock from me.
So if that stock went up by 20% they would have to pay 1.2k to give my stock back.
If the stock lost 20% then they give 800 for stock and keep 200 as profit

As FRR is delisted its possible that some companies gave them their 1k back as there is no one to pay back as yet.
The rules are thou, that it should be if company is delisted and made bankrupt, which has not happened. What has happened is that most of those shorted shares have been returned without profit or loss
Now Those with huge positions may find that their company is waiting to see if bankruptsy follows or not. That could be very painful indeed.

I tried to say the other day it was probably a payment issue or change of host.

My sites have been down over the years for a number of issues
Too much bandwidth used - too many users over a period of time
For this you need upgrade bandwidth but you need know its down then contact them to increase it

Payment
I know have auto pay, but if a card goes out of date it can lead to them suspending the site. The issue is you need log in to sort and if not been in for a while may need password. Then if certain people had left, you may not know what email to use so need contact company to reinstate, all takes time.
Then of course changing nameservers, often today little downtime but can happen and some parts of globe can be off while others see site during migration.

Trust me i know as all these have happened to my many sites and bandwidth an issue for me today due to shoppers on my site. Must be black friday?

Sorry all long hours working
The info shows domain name paid for beyond this date
It shows where the domain is hosted

So this indicates that host is down or host has taken down the website.
Most likely due to non payment of hosting bill which is normally very cheap, $110 a year - $500 a year depending on the host.
If FRR wanted it to go off line for a reason it would normally be put in maintenance mode.

If they are moving hosts, then the name servers may take up to 24 hours to move to new server, however it should be that the new server is ready to go and old left in place until completed so users do not see a difference. The name servers just point to a new address ( a set of numbers) a bit like a phone number and the system needs to know where to forward the calls.

Anyway looks to me that someone has forgotten to make a payment , probably due to people leaving the company.
No speculation as its not going to give an answer anyway

Domain Name: FRONTERARESOURCES.COM
Registry Domain ID: 493504_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.networksolutions.com
Registrar URL: http://networksolutions.com
Updated Date: 2018-07-24T07:19:38Z
Creation Date: 1997-09-22T04:00:00Z
Registrar Registration Expiration Date: 2021-09-21T04:00:00Z
Registrar: Network Solutions, LLC
Registrar IANA ID: 2
Reseller:
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: PERFECT PRIVACY, LLC
Registrant Organization:
Registrant Street: 5335 Gate Parkway care of Network Solutions PO Box 459
Registrant City: Jacksonville
Registrant State/Province: FL
Registrant Postal Code: 32256
Registrant Country: US
Registrant Phone: +1.5707088780
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email:

I talked to another member of the team (Not Zaza) discussing my investment and the fact it was very large in comparison to income as a public sector worker.
That person had sincere respect for the job i did.

I was told that nothing is ever guaranteed and that there was always risk.

I took that to be general advise. It was at the last meeting in London.
I wonder now if this was a gypsy warning.

At the time i was not worried, only with hindsight has this discussion played on my mind.
I have never shared this before but with promises quoted by Zaza being relayed here i thought i should mention what this unnamed person said to me in corridor.

I still hope its was intended just as general advice, but this person would have been well aware of what was unfolding in the background at that time

Sounds to me like the loan that was talked about has a few demands on it and one is extension of the PSA.
This makes sense.
However it seems to also indicate that the idea of buyout or JV is not imminent. Possibly BP have looked and walked, or still looking.
Are BHGE producing for us, with a deal to share profits, or does the workers going mean we are not having any revenue?

I suggest this was the treat Zaza used to workers, if they do not continue they may never get paid but if they work this will be resolved. Its a bit like the chicken and the egg scenario. Both sides are pretty much stuck.
If Zaza is so confident the deal with PSA can be reached and therefore the loan, then i would expect him to use some of his own cash to at least make a payment to those owed many months money.

Its not right that Zaza and Steve have vast amounts of money while those who help make his money are left to live in hardship and poverty.

The company may not be in a position to pay right now, but if everything does look like coming to a sucessfull outcome, those two should give at least a bridging loan to ease the suffering and to keep the oil flowing.

What a mess we find ourselves in.
I also think this plays right into the hands of the liquidators , as it demonstrates that we are a company with no revenue to keep the lights on.

The threatening comments were not the way to do this, empty promises and missed timelines are also not the way forward. Honesty about situation and the PSA along with about loan, backed up with a months wages each partly funded by the two in charge. That would show commitment and sincerity to the workers.

Kalan
Pj said that the price would drop to this level then that level, he was a trader and used charts to predict price movements. he told me to sell and buy back in a few weeks time. I did sell and two days later we saw a significant rise that saw me lose 1/3 of my holding.
Those charts were not as accurate as he suggested.

To my knowledge he did not warn this was going to zero, he forecast how long a fall was going to last, sometimes he seemed fairly accurately but trust me when i say he got one particular call very wrong and stopped posting after that wrong call. Not sure if he returned after that. he was i believe strong on iii

I fancied at change Coggy, anyway, ever tried putting lipstick on a sheep?
It does not go well or look good.
Baa Baa

Well i am not going to dress this up and just give real honest thoughts.
you can put lipstick on a pig, but its still a pig. That really refers to the lack of wages to the workers.

But lets put the lipstick on it anyway.
workers not being paid? What do we know about the facts? Do we know that nothing has been paid? It would be reported as not paid if they had a majority held back. Not enough pay to pay the bills and hurt people, but we do not know if sporadic small payments are being made and no one has asked anyone if Zaza has paid small amounts from his own funds. News can be very one sided and report a blacker picture than the reality. We do not know. I do not know many people who would work for months without any money at all. Not only do you look for new job / income but also after months you lose everything (Miners strike in 80s where communities fed miners families)

Then Zaza stating deals with Govt. Thats pretty big and extension of licence till 2027 is a huge step forward. I believe its 5 years already. I would suggest negotiations to extend further would be around FRR hitting certain targets at a certain timescale.
It sounds like the percentage of block to be argues over has also been sorted, plus the tax refund.
In my opinion all this probably comes as one package and the whole package gets signed off in one go on a single bundle of documents. Which i suggest is initially given until january to complete as signing with further negotiations prior. There may be some pressure on Govt with political games that effect employees and although very wrong, so is the Govt in holding tax which could have been used to take FRR forward and not only pay those employees but also we would not have these issues with Hope etc. I think that debt owed to us proves solvency.

It's a real balance on a knife edge and that egg timer is continuing to flow sand. The risk here is that these and other negotiations drag on and that sand runs out. Are we still producing and if so how much.
We have heard nothing from YA so suggest no issues there
Govt have talked and negotiated with FRR
ZM has met and communicated with workers
Lights are definitely still on , flickering but on
So yes we can put lipstick on a pig, yes its still a pig but chuck a wig on top and it may look like my ex
Enjoy your sunday

Back in 2013 Russia supplied 131 bcm of gas to Europe, consumption has increased since.
What must be taken into account is that this is a huge amount towards their gdp

So having new sources on their doorstep that will effect their income for the Country is going to hurt Russia , so yes expect anything as they try to hold on to that market.

Some Countries are 100% reliant on Russian gas, as in the past that means Russia can and has held Countries to ransom. They have turned off the taps in the recent past.

Europe may appear to be sleeping, but they are aware of it.
here is a quote
Part of the aim of the Energy Union is to diversify the EU’s gas supplies away from Russia, which has already proved to be an unreliable partner, first in 2006 and then in 2009, and which threatened to become one again at the outbreak of the conflict in Ukraine in 2013–2014.

Here is another logical reason why we may be seeing the FRR team leaving the company.

Frr have been stalling the process and making the administrators job very difficult to complete.

It would have been rather easy for them to demand information on the financial goings on over last 12 months with those team members.
However, if like a freak of magic they suddenly all resigned and no longer worked for the company for a time, then they could not provide the information required by those seeking information and so muddy the waters and further delay any outcome.
So could be a very slick move by FRR although this is on the higher end of fantasy island

That Baker Hughes Employee worked in Taribani until November 2018 then left to work in Abu dahbi in December