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For those worrying/wondering what to do today, it's well worth re-posting the comments of a petroleum geologist on reddit who has added his interpretation of the last operations update. As a geophysicist, I found them very helpful.
https://www.reddit.com/r/EEENF/comments/mgu9px/thanks_to_all_who_have_read_my_posts_here_are_the/
https://www.reddit.com/r/EEENF/comments/mfe7gj/thoughts_after_operations_update/
Perhaps his comments should be reposted during the day to calm the nerves!
"Update Details
The fact that the geological formation came in 600 feet low to prognosis is not a concern. The top depth was estimated from 2D seismic. They just had to drill deeper to find it - hence the delay (?). What is new and encouraging, IMO, is that the potential reservoir rocks gained substantial thickness. The original premise for the prospect was to find turbidite fan sandstones near the shelf edge. The only way the sediments could be thicker is find the sediments further towards the fan deposits slightly of the shelf edge and going downslope - i.e., a progressive sand build up. That creates an environment of greater sediment deposition and reduction of shales and clay -- SO a very very good thing.

The mention of oil shows were from the Hydrocarbon Mud-Logs. The description and images in the update are identical with to examples I posted as to description and evidence. The Bright White fluorescence seen in the images is indicative of a very high quality of crude oil, along the lines of 40-45 API gravity. The mention of background gas being and the the interval that recorded higher peaks is encouraging because it indicates low gas saturated oil vs. a gas only interval. The C5 gas component is Pentane, more common in oil.
Crude oil Fluoresces under Black Light UV. The bright white color is indicative of 40-45 gravity crude oil. The "cuts" by a solvent were very good. Encouraging as the presence of crude oil in the rocks.

The results, IMO, are directly inline with what I would hope to see in an Exploratory Wildcat well. The added 500 feet of potential reservoir rock is very encouraging because of the position in the depositional environment near a delta front. One thought is the the well is located proximal to the shelf edge where slumping downslope was penecontemporaneous with deposition - a trap for the sand which became sandstone. If commercial, the area is extended downdip as well as updip on a wide areal extent. SO -the report is very encouraging and actually better than expected from a geological point of view. It is best summarized by what is the last paragraph in the report: Until the wireline has been completed and interpreted, it will not be possible to define whether a discovery has been made. But - now they have an additional 500 feet of potential reservoir rock to evaluate. I CANNOT FIND ANY NEGATIVES IN THE 88 ENERGY REPORT - very encouraging == 500 feet of potential added reservoir."

A new entry just in on the Harris County site - FRR are to appeal the motion to deny arbitration!!

DEFENDANTS' NOTICE OF ACCELERATED APPEAL
Defendants Steve Nicandros, Luis Giusti, Tyler Nelson (collectively, "Individual Defendants") and Frontera Resources Corporation ("Nominal Defendant") provide this Notice of Accelerated Appeal (the "Notice") and respectfully show this Court the following:
1. Defendants and Nominal Defendant file this Notice of Appeal pursuant to the TEx. R. APP. P. 25.1, 26.1, and 28.1.
2. The Trial Court is the 281' Judicial District Court, Judge Christine Weems presiding. The full style of the case is Cause Number 2021-03816, Zaza Mamulaishvili, Plaintiff v. Steve Nicandros, Luis Giusti and Tyler Nelson, Defendants, and Frontera Resources Corporation, Nominal Defendant.
3. Defendants and Nominal Defendant desire to appeal:
a. the Order Denying Defendants' and Nominal Defendant's Motion to Compel Arbitration and Stay Proceedings, dated February 23, 2021 (Ex. 1).
4. This appeal will be taken to either the First Court of Appeals or the Fourteenth Court of Appeals, both in Houston, Texas.
5. The parties filing this Notice are Steve Nicandros, Luis Giusti, Tyler Nelson and Frontera Resources Corporation.
6. This is an accelerated appeal. This is not a parental termination or child protection case as defined in TEx. R. APP. P. 28.4.
7. This Notice will be served on all active parties in the Trial Court and, at the time of the filing the Notice, a copy of this Notice will be delivered to each court reporter responsible for preparing the reporter's record. TEx. R. APP. P. 25.1(e) and TEx. R. Civ. P. 21a. Defendants and Nominal Defendant will provide proof of service of same. TEX. R. APP. P. 9.5(d).
DATED and FILED on the 9th day of March, 2021.
Respectfully submitted, DENTONS US LLP By: /s/ Laura Gibson Laura Gibson State Bar No. 07869350 laura.gibson@dentons.com Glenn A. Ballard, Jr. State Bar No. 01650200 glenn.ballard@dentons.com 1221 McKinney Street, Suite 1900 Houston, Texas 77010 Tel: 713-658-4635 Fax: 713-739-0834

Transcript of today's announcement - further NATO integration but no dramatic news on membership....

President Zourabichvili, dear Salomé.
It is a pleasure to welcome you back to NATO Headquarters.
Georgia is one of NATO’s most important partners.
We have a close political partnership and strong practical cooperation.
Despite the challenges of the COVID-19 pandemic, NATO and Georgia continue to strengthen our partnership.
At today’s meeting of the NATO-Georgia Commission, we will take stock of our achievements, and assess what more we can do together.
Last year, we upgraded the Substantial NATO-Georgia Package.
This helps Georgia to implement reforms;
Enhance its ability to operate with Allies;
And continue to contribute to our shared security.
Our key priorities include:
Secure communications, and actually the President and I discussed that during the meeting today;
Training and exercises;
And enhancing our maritime support and situational awareness.
Today we will also address the security situation in the Black Sea region.
And Russia’s continued military build-up.
NATO supports Georgia’s territorial integrity and sovereignty, within its international recognised borders.
We continue to call on Russia to end its recognition of the regions of Abkhazia and South Ossetia and to withdraw its forces.
And I took good note of the ruling by the European Court of Human Rights. It confirms that Russia is responsible for human rights violations in Abkhazia and South Ossetia, and that Russia actually exercises control there. It only strengthens our call for Russia to comply with international law and respect Georgia’s territorial integrity.
In our meeting, we also discussed the progress Georgia is making on reforms.
This is crucial.
Because progress on the reforms brings you closer to our shared goal: membership of NATO.
Today we addressed Georgia’s commitment to our Resolute Support Mission in Afghanistan.
Georgia has long been one of the largest troop contributors to NATO’s training mission. We appreciate the professionalism of Georgian men and women in uniform. And we all know the sacrifices you have made.
So, Madam President, Salomé.
Thank you for being here today.
And for your strong personal commitment to NATO, and to our partnership.
NATO’s partnership with Georgia makes us all safer and more secure.

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