Member Info for regdik

JV good post
In my experience deals can take months or years to come to fruition. Most are with States so no need to have any NDA’s. NDA’s come into play mainly on mergers and acquisitions related to other companies and therefore are commercially sensitive to both Markets and Competitive relations. Regulators are very strict and penalties are sever.
The picture around FRR is lost in a fog and a lot of BB posting just add to its thickness. Yes we are all in the pea soup fog groping for answers
Court cases and Arbitration aside the loss of Some staff is of concern but on the other hand it seems that most are still in place (looks like production based).
Levan was muted to be leaving around July and just after that Cayman lawyer issue became to the fore. I will leave it to your own interpretation.
Ukraine bid was interesting as to me a struggling company would be more interesting in survival not spending on new ventures. Especially promising monies they seem not to have. It read to me that the Georgian odyssey is coming to a close and this was the new venture (and of course we have Moldova in the background). Ukraine bid looks as though we were a front for another company. Hence do we need commercial if all FRR were to provide “local” feet on the ground. US bodies may be to hard for neighbours to take.
Back to the fog – what is happening is way above Tim pay grade this is political at the highest US/GG level. What would Russia do if FRR/GG announced a huge gas find threating Russia cash cow to the west if no US treaty and troops protentional coming to the country – another Crimea.
Georgia has territory occupied by Russia so the handling of any regional changing news will be above FRR/Major control and could have been the catalyst for the Arbitration demand (bigger slice of the cake).
Thing may go tits up (or has) but with SN/FRR contacts FRR are right slap bang in the middle of this and in my opinion is still alive but in intensive care.

I think it will be a waste of time as if we are sold or kicked off then all you will see is capped well heads (if he can recognise one). Best spend his time in Tbilisi at the top hotels either at the bar or reading the meeting room company names as this will give an indication of who is playing and in what numbers. It all starts with meetings and a drink in the bar afterwards.

Something is missing on the board - the shorters dancing over the supposed FRR demise.
Could it be that they have early news of the outcome (as always)

Interesting find and I tend to agree that Levan leaving seem to indicate his services are no longer required on a permanent basis although he seem still to have the Frontera name behind his name for Amcham (this could be waiting updated). Plus indication of production staff appearing under Chinese companies.
The wording is neutral on the CV but until the Arbitration outcome is announced I would expect no indication of positive/negative (3rd item).
It looks like the end is close now but when will we get to know.
Have we done a deal or have we lost the block (or 99%) I think the GG would be quick to announce this but on the other side it goes against the positive US Georgia news this week.
Why would Hope continue with the Texas case if all has now gone down the drain?

Net week could be interesting but I will be glad that this could be over soon.

I think all along that it was a plan for FRR to play for time to get production up and possibly get a deal in place with a major. Hence the ducking and diving and many spurious court cases. Buying time was the key motivating factor and I doubt Hope was dumb enough to leave a smoking gun (or solid evidence). I suspect that illegal shorting took place a the large drops of share just after every RNS to dampen the SP. Proving will be difficult but YA may have pointed FRR in the right direction.
By Moles post he has muted that some of the headroom may be offloaded to OMF (might be needed to cover shorts) as a backstop. If Hope was shorting them these would be required to clear the decks so it looks like Hope might leave the shorting crew to their own devices (I hope so). This dragging on is out of control of FRR now the lawyers/CC are in motion and it could be that FRR may have to come to an agreement with OMF to comply with ADR deadline. This could be needed to allow a deal to be concluded with GG (Arbitration) and possibly a major. FRR may settle with OMF and look to recover against the Californian CC in the future (at least they will know that OMF will have funds) but that is just speculation

However

This all indicates that FRR share have a value (and that value can only come from production or a deal brewing) and it would be hard to argue otherwise as these guys fighting over the shares know heaps more than we mere SH’s. So those that insist we are history will have to prove it with fact not assumptions. What is not certain is when and how much and will SH see of this.

Interesting few weeks as the ADR has to conclude in November.

Yes as an ex BP manager I have a lot of senior contacts from M&A to legal but as such if I knew anything from them I could not divulge as once in the club always in the club.

I'm not ITK but my knowledge and understanding of the region made me invest in FRR. However, I thought I was a good judge of people so I hope ZaZa does not let me down.

All I will say is someone said to me 2020 is going to be a significant year for Georgia - but will it be with FRR or others that is the billion dollar question that I have no answers for.

Hull - full of assumptions again and only one useful – wake up and smell the coffee which I did a fine rich Columbian blend.
Bomber comes on here as he has many mates in the same boat, ones he has met and had a drink with in London. Remember it was his money and decision to buy shares, post, spend time researching FRR (as it his prerogative to do) and share and comment on this and others musings. This is because Bomber (and others you have deride) are part of a community of common interest and mates which is something I’m afraid you seem not to have (an assumption on my part).

This share may end up a dead duck or rise like phoenix out of the fire and IMO it will b a close call. But until we hear the definitive answer I’m happy to pop in hear and read what others are writing. As you say you have nothing to gain posting “It’s over posts” despite you know it will add hurt to those that fear the worst.

Now that you have made your definitive statement – Its Over – I hope you take your own advice.

Miden utter rubbish the SH hold an equity in a private company. The sp is n/a as it relates only to a traded company at the moment until we relist or a divi is paid then we will have an indication of company value. More rubbish from those that haven't a clue.

If Trump tried to buy Iceland (country not the shops) then why cant FRR but NY city.

You could take this as negative or positive but if the well head chokes are on (due to storage issues) then the majors would want to drill to their own wells to their standards and operational methods so lack of FRR activity tends to look like FRR are leaving either selling the block and leaving it to the professional or they have thrown in the towel in Georgia and going bust.

Are we dead or alive
If we are dead we are showing signs of life. Dead do not fight court cases, bid for new work to keep your drilling teams busy before they go off to pastures new (drilling teams are often contractors and only get paid when the drill is turning). Tinker with Web pages, change PR companies or drink wine with senior GG officials (this arbitration lark must be quite civil).
If we are alive we are showing signs of rigger mortice as no one is talking to us.

Hope must be as thick as us SH’s as he is spending an awful lot of money on lawyer to grab nowt and why would GG want arbitration over a few hundred barrels a day when they could just throw FRR off the block. BH/BP and others have spent time in the field and reviewing the data they are not fools.

The fact is we just don’t know and none of my Linkin contacts have said diddly squat to me.

So if guys are leaving to get drilling work (Majors use their own teams) things must be coming to a head soon (good or bad for all us LTSH and finally put us out of our misery).

Chief Exploration Advisor

"As an independent exploration advisor to the board, Mehmet provides both strategic advice and specific technical expertise". looks like a contractor to me. High majority of O&G companies employ specialist as contractors rather than staff. If he has detailed knowledge of B12 Georgia oil would love to have him on board and FRR would not mind that too.

Remember guys there are a lot of SH’s that do not post (a lot with significant holdings) but read the BB to glean some sort of information. Therefore, if they decide to post we should respect their view and not assume they have an agenda apart from being a member of the FRR mushroom party.
Saying that those that read the BB’s will know what is going on and those that are prompted to cause mischief will be asking the ill informed question (that has been answered hundreds of times) and not know the long long history (Inherit is a good example). Best to ignore the stupid and engage with those that have something to add (positive or negative) and get back to a real discussion board.
Just my view

Not may facts in your post Kipper – you must remember that several assumptions do not make a fact. If you posted that this was in your opinion then you may get better responses to your posts
No one knows how this will play out but I hope that it will for the sake of ALL LTH.
Still a high risk outcome for all.
Must correct you one point that the BoD (if the DoS is in place) will be subject to fines and or imprisonment (a little assumption on the DoS).

I hope you start posting with real information and not your assumption that are pretending to be factual.

I did say you could be correct
Hope spending vast amounts on chasing FRR asset then going after SN/ZaZa shares does not seem logical for a asset stripping shark unless he though there was some value to be had.
GG going into an arbitration for a bigger share of block 12 is not because they like empty boxes.
Tim wanting to be associated with FRR and willing to work for nothing (but on the face of it he is not doing much) unless he thought there was future value
These are facts not assumptions or defamation of FRR BoD’s actions.

Now here is an assumption – lawyers may have asked for radio silence (a bit like being interviewed by police and your lawyer advising no comment). If FRR made any comment many on here would seek context, meaning, forensically analysing very word or full stop – then demand more (then do the same). So my assumption (not fact) is that FRR are hoping that this will work out (CC’s, arbitration, Major deal, Ukraine and get a good deal on a case of best plonk). Then let us poor SH get the news we are alive and kicking or dead.

Happy to answer your next factual message

Hi Kipper
You might be right or you might be wrong only the board knows if this is s conn so lets ask one of them
Err.. Mr Hope - as an ex board member why are you spending a lot of money trying to get hold of an asset that if you had asked Kipper he would have told you it Fake News that B12 is worth something as its a scam. Did you not see this at your board meetings or are you trying to add to the scam when you wrote that the SP could be much higher revealed in the CC docs. Silly you for not picking up that SN/ZaZa were shorting as this would have made your takeover much easier.
Kipper D minus for your comments.

I don’t know about you but the event of FRR shafting all SH’s is to me only a remote possibility.
Why!
The support of a number the US political heavyweight signing a letter supporting the Ukraine Dolphin bid of FRR that this should be reopened and be more open.
Plus the US Gov. openly supporting US interests in Georgia and that the GG should be more open and not “red tape” investments or hinder agreements in place (FRR was a named company).
SN is well placed and Knows the political game and who to lobby and add donations to their political funds obviously helped plus mention of the FRR investments in Georgia (funded by SH’s)

Now imagine the outcry if SN/ZaZa openly defrauded their SH’s who spent 100’sM backing the company. On one hand we get the US Gov saying treat us fair and then being undermined by one of the very companies its supporting. I’m sure that those with other agenda (Russia, Trident and some in the Ukraine/Georgian Gov.) will be quick to raise this as an example f double standards. This would play out badly to those who took donations and those who openly supported FRR. Fraud is very stick mud in politics and SN overnight would have lost all of the US political support.
If you read BP code of practice their is a very large section of corruption and fair trading (I’m sure other majors have the same) so this would not sit well with them if they invested in an asset (FRUS) that later was subject to a SH counterclaim of defraud.

Politics has always (and will) play a large part of Energy supply. So what is happening now is nothing new. This is more Dulwich expertise than mine I can only speak for my experiences in BP. I know that Cameron has to personally call Obama to get the dogs called off as BP were about to go under with the 50/60billion damage claims from the gulf spill. BP share price tanked and the Russians were hovering to mop up the remains of BP. So it was not surprising that an American (Bob Dudley) was appointed that year as he had experience running TKL/BP in Russia to counter this attempt and appease the US.
Big oil are at the centre of US politics so put nothing past them using a front company to pave the way in territories to close to the bears home turf.

HH you are correct in your first assumption.
I agree that the articles are in place but the question is/was FRR a viable company whilst the turmoil of all of the CC and Arbitration rumbled on and did the lawyers influence any uttering from the BoD whist they spent time running around 3 courts talking to GG and keeping the lights on. Hence the stability issue.
I agree they need to conform and follow their own articles but no one knows the internal going on as they fought to keep FRR from Hope and GG land grab. However, once stability (if ever) comes then I for one will be expecting a higher level of conformity.

I have a stake in a company I worked for and they are a private concern. I get to vote, receive updates, attend end of year review meeting and best of all receive dividends twice a year and can ring them up any time and ask them to buy some of my holding if I require the funds. So I have no concern having a stake in another private company. Remember as a SH you own a stake in the company it is not SN/ZaZa private play thing (although it seems like it) and they will have to abide by their constitution that is published on the Web pages (once/if we ever get stability). This is still a big "IF" but these are not the actions of a company that a flat on their back and talking there last breath. Ukraine will remove the licence if they feel cheated/conned as they did today with Trident. All eyes will be on FRR both in Ukraine/US and Russia so no place to play games as they have been doing. Country leaders in Ukraine/US reputations are on the line if FRR are awarded the Dolphin licence and do a Georgian none communication act and fail to spend the cash (what cash I ask) they will not last long. Time will tell.

Good find Ivy so we were all mistaken B12 is a large vineyard and not O&G field. Then I hope they pay the dividend in barrels of wine. I think we need a bottle or two to get us through this.
Send the picture to Texas so show them where SN is spending his time :-)
they seek him here, they seek him there.... that man in a beard gets everywhere