Member Info for regdik

Devex its far to early to say if a major would be interested in the field but gas always perks up their interest. FRR will have to provide a lot of data on the zones and this could explain the extended, extended testing that FRR have been doing the last 100 days or so. FRR will know what they have but others will require the data to run 3D simulators and field modelling software. Best I can guest is a consortium with a mid range oil producer and a major will concentrate on extracting the gas. UB2 might be capped but this could be above the bad cement job and side tracking will still access a lot of gas so don't rule out a deal for the gas play as a new drill with proper containment to handle the extreme pressure encountered (did cause problems years back) will not phase a major.
This is the most comfortable I've been with this share and once the nervous investors leave and sell up then we will see an improved SP.

What a week that was now capped by the Teletubbies joining the board .....LaLa dancing around the meadows with a little lap dog yapping away called V...something.

Entertaining for some but what a bore for the rest of us. I hope they are paid well as what a ball ache of a job.

Some good posts and posters tonight just being drowned out with dross.

Oh well off for a celebration pint or two as I think FRR has turned the corner with the latest RNS and its just (as always) a matter of time. But at least you have the Teletubbies to entertain you.

Let those who want leave go. I expect the sp to fall as the risk averse leave and cut their losses one person loss is another one gain. Get your head around that this is going to take a few months to stabilize. Those that are O&G literate seem to be most comfortable with the RNS and the get rich quick are the most uncomfortable. Let the trades trade and take the sp wherever it goes as it will not impact LTH and provide buying opportunity to add more. FRR are fully funded, selling oil and paying off debt so we aren't going bust. Take a holiday and enjoy the weather and forget the daily sp it will only depress you.

Dirk
With the technology the big boys have they will see the value in Georgia.
I think the people who visited site were confirming that it was well failure (cement on the Russian old well) rather than geology issues.
FRR are on its way to becoming profitable and have PROVEN that they are sitting on a lot of gas so any risk of s new gass drill campain is zero. Whats not to like if you are in the market for gas feilds.

More than happy that this is becoming a derisked share.

I agree with coggy well done ZaZa and team.
I'm in it for the gas and this proves we have a significant quantity that will interest any major.
This explains to me why a technical team were in Georgia and not just a well survey team. They obviously had this data and were reviewing the best way of extraction. A Mino will not have the ££ or technology to do this but its bread and butter to a major. It will cost millions per well (hence the 2 year delay as FRR build funds). Would a major be interested - one word Yes. They may pay a nominal fee to FRR and enter into a profit sharing deal (nominal in major speak is anything up to a billion). Let the sheep leave as this will build and build.

ye gods - I have all idiots filtered but what's the point if you lot are giving him/her/them what they seek a platform to preen their ego (an earn a volume bonus). its a free world do what you want but do i have to fillter you all apart from the few that post resonable discuusion and vailid arguments. Do not raise to the bate and respond just report the post if they are blatent untruths.

Yes I did - the glass palaces in the middle of a housing estate (parking was a nightmare). they also sold off some licences in Texas and assets in Asia.

I think it will be consortium if anyone is going to buy into the Georgian dream as there is protection in numbers and the field is too large and would have to be in production in a couple of years to serve Turkey and the EU.

GLA

To me it looks as though FRR are going alone regarding OIL (or showing a potential investor we will do that is need be).
If we are in discussion with an investor it will be most likely the GAS play as I’ve said many time before big oil are not interested in multi small volume oil wells.
If you look at the majors forecasts and 3/5yr investment plans it is heavy focused on Gas. Here lies an issue that ALL majors produce a detailed costed investment plan to cover this extended period and commit spend to projects to fulfil this. Their investors and brokers rely on this information being solid and any changes will need revealing to the market.
What you will need to look out for is for the majors raising additional cash by selling assets to fund additional investment to the 3/5yr plan. Note selling non strategic assets is part of the BAU of nay majors day to day remit so will not require any notification until complete (these are subject to nda’s). Large majors also have a base fund for emergency or tactical reasons (this is usually in the billions sine the gulf incident).

This takes time and planning on the majors part as they need to be sure that the new investment fits their 3/5/10 strategy and that three things are in place
First investment is in an area politically sound and open to major investment without risk.
Second product is of such quantity that pay back will be less that 8 years (large field investment runs into billions).
Third is that their Is a ready market and a bonus is ease of access (do I remember a pipe that needs filling somewhere close).
Majors will only put their money down at a timeline of their choosing and not before as the accountants will have worked out the tax benefit to the last cent.
So sitting, waiting and watching for signs that the majors are ready to commit to Georgia and have billions ready to invest.

coggy I nearly reported your post for requesting the Kraken back onto the BB. He was a bigger nerd than V.

Fellow BB posters - all are entitled to their OWN opinion (although some spout off prepared doctoring of others as paid lackeys). Do not belittle yourselves by responding to their mails as that is what they want (or paid to do). I have them all filtered (apart from C5) but I'm sick of reading your defence of FRR - we don't need it. O&G is in the ground and we seem to have discovered how to get it out. GG want a bigger slice of the pie and others seem to be piling in to share in the motherload. Do I have doubts (yes read my posts from a few years ago about the political issues at play) but I have no doubt that we have a box pull of goodies that others want. Money corrupts and changes opinions - GG might say they are doing it in the countries best interest but I bet some may find different homes. Once, the political situation is stable you will get big Oil investing and not before. This could be so big GG might just stick their fingers up at the West and say we don't need you. This is my only fear but FRR are playing this one by the rule book so no court in any land will take this away.
please do me a favour bin your replies to the lackeys and let them wither and fade away.

As I understand it that under the Cayman rules FRR can act on behalf of all SH's - so no vote required.

This board has become a wingers paradise.
If you think ZaZa is a crook then sell up, lick your wounds and move on to the next opportunity. But please do not go on and repeat, repeat and repeat the same drivel or telling LTH we are all idiots (I get that from the wife) so I do not need the opinion of some faceless ramper/shorter doing the same. Sorry if you lost your shirt on this share or its taking so long for news but we are in a much better place than a couple of years ago with no drilling plan, Outrider trying to screw us, GG negativity (KK), YA selling the confetti shares and having to give billions of shares to unknown services companies. At least now we have wells in operation , trains delivering oil, YA being managed and preference shares brought back into the company, Majors taking a serious interest in Georgia (hopefully FRR block) and EWT coming to an end. Remember the market will want to see gold plated data from FRR backed by weeks of flow rates before they start to change their view of a company who has failed to deliver for years (Apart from Azerbaijan success that was taken from them by a company that is now taking an interest in their fields).
So post your concerns, opinions, and snippets of news but not mindless SP predictions high or low or how good or bad this will be unless it is backed with facts not assumptions.
O&G is a high risk market - even BP were days from going bust so if you do not want to take any risk then do not invest in this area and even more so in a Mino in a political sensitive area.
Off to enjoy this weather and hopefully the football tonight - GLA (and England)

The sp over the last few months has been created purely by pi selling. None of the BOD or our ii have sold just the opposite. If a deal is being worked l doubt zaza would be interested in the current price as he will know the value of the deal. Would he be bothered by a few disgruntled sh - no. He has said his piece and you have to decide stick or fold (you trust him or think he is a conman). Over to you....

Lots of reasons from investors tired of waiting for flow rates and gas news to the Friday debacle that upset a lot of nervous investors into giving up on this share.

The SP is going down because shareholders are selling as they have lost patience, confidence (as they see a sea of selling and some treat this share and fellow holders as a joke) and of course lack of news on gas.
Gas is the key and why I'm here as no major would invest in hundreds of low volume oil wells that require significant logistical investment. Why would bigger players now take an interest in Georgia for what to them is bucketful of oil - yes profitable for small companies but big oil have been selling off these fields for years.
It has to be gas and NO news from FRR in my mind is good as Nomad would insist that the market be informed if previously stated gas claims became unfounded or significantly different. Plus, if data was being shared with a major/s then a NDA would be in force (all parties).
So I'm staying put and will add more but not at the moment as I see this going lower as the lemmings sell out. Cruel but there is not room for sentiment in AIM investing as others proved last week.

I can only speak for myself and none of the others.
I agree with a lot of what you post that 80% of posters are not worth reading and certainly not worth responding too. Those that post to scare or give false hope are the lowest of the low.
If you are referring to FoF that grouping of interested SH's has been dormant since the prime aim was to encourage better communications and that has been achieved since ZaZa took the helm. FoF had no other agenda.
As for policing the BB's and suppressing free speech (however much we disagree with what is written) is not for an individual shareholder/BB member to undertake (I would suggest YJ would be better placed to do this as they have credibility and are closer to the facts and not some of the blatant lies that have been posted). I hope a bit of sanity comes back to the BB and people post what they find, good analysis of what we read (RNS/Press), ask relevant questions and participate in discussing those - but also a bit of banter is sometimes welcome when times are dark.

Not the men in black or in your case white carrying a straight jacket ready to take you back to the happy place.

the Runnymede is a nice hotel.

Based on current tangible data and the jam tomorrow promises from SN then the SP is about right. The market will not price in any amount of jam, hype or PI dreams only hard facts. Yes there will be buying and selling on greed and fear that will produce highs and lows that traders feed off (and encourage on these bb). However if you research the share and are prepared to risk your hard earned like most of the knowledgeable LTH then this share is a good punt. You have not lost/gained until you sell so the only SP that is relevant is your buy/sell one. Those that take advice from posters without doing their homework and assessing risk deserve all they get and hopefully they will learn from their losses but some that post here obviously do not by their trombone investing strategy - that the trades love to encourage.

Why no new gas drilling until 2020. As I understand it Georgia is still tied in to a supply contract until full deregulation. We have been talking to banks for funding for the pipeline but would need to sell to Socar until deregulation apart from the few villages that are connected to our gas facility. Gas power station not built yet, BP pipeline and the pumping station in Georgia (interconnect potential for Georgian gas) not finished. Socar, ENI and Exxon engineers pictures or have been in Georgia. So you have in place the facility to go it alone (slowly) or sell to interested parties that could bring the potential to market. We know ZaZa has been talking and sharing data with Majors or companies we would recognise (Nomad). So do FRR spend 5mil on a new gas well that would take several months or use that on 3/4 oil development whilst a potential gas deal is being worked. What would you do.