Member Info for Sycric

Probably is with this share it appears that it's being ramped, but it really hasn't. It has a awful lot going for it. I think it's why it caught so many people of guard.

I just eat a pop noodle, I feel insulted haha.
It's a easy meal when im busy working.

Appears to be shooting back up

I have my shares, i will be back to see the huge 2pm rise later.

Alot of people will cash out before the bell, 100% rise people can afford to write off orginal investments and ride free.

Be interesting if this goes strong into close or there is a slight sell off.
I'm expecting there to be a gain tomorrow morning, mid-day RNS's never get out straight away.

https://www.businessghana.com/site/news/business/218389/Gov-t-must-review-petroleum-agreements-in-Mid-Year-budget-COPEC

Need to focus on the term winding up, as typically the term would be winding down. So winding up would mean assets on the business are going to be distributed its assets to creditors with the remaining to shareholders being FRR group.

I did mention prior to some individuals, read the PSA it states:

"Frontera Georgia may transfer all or part of its rights and obligations under the Block 12 PSA to a
third party provided, firstly, that such third party has the requisite technical and financial ability and
accepts the terms of the Block 12 PSA and, secondly, that GOGC has given its prior written consent
to such assignment (such consent not to be unreasonably withheld or delayed)."

Governing Law and Dispute Resolution
All disputes arising between GOGC and Frontera Georgia will be settled under UNCITRAL before a
panel of three arbitrators. Any arbitration will be held in Stockholm, Sweden, and will be conducted
in the English language and text. Any party may by 30 days’ written notice initiate the arbitration
proceedings and any decision will be final and binding on the parties. Any arbitration panel will apply
the terms of the Block 12 PSA as supplemented and interpreted by general principles of the laws of
Georgia, the United States and the State of Texas as are in force on the date of the Block 12 PSA.

Hi guys, been commenting about this on the whatsapp group this is the original document comments below.

IMO Sycric

To me it looks like we are just returning the undeveloped areas that are in block 12, hence the 99% return.

Term
The Block 12 PSA has a twenty-five year term which will expire on 13 November 2022. The term
includes an exploration phase which will expire on 13 November 2017 (the “Exploration Phase”). If
commercial production remains possible in relation to any part of Block 12 which is specified in a
development area or areas under the Block 12 PSA (“Development Areas”), Frontera Georgia is
entitled, after the expiration of the Block 12 PSA, to receive an extension of the term of the Block 12
PSA and the Mineral Licence regarding such Development Areas for a further period of five years (or
the production life of the Development Area if this is shorter).

Relinquishments
Save as otherwise agreed between Frontera Georgia, the Agency, and GOGC, Frontera Georgia will
relinquish its rights to Block 12 in respect of any area outside of any Development Area at the end of
the Exploration Phase.

"It passed pieces of legislation as the Imposition of Restrictions Act, 2020 (Act 1012), Corporate Insolvency and Restructuring Bill, 2019; Education Regulatory Bodies Bill, 2019; and Novel Coronavirus (COVID-19) Act, 2020 among others and approved some loan and contract agreements, including tax waivers."

https://ghanatalksbusiness.com/legal-tool-kit-to-help-businesses-navigate-covid-19-season/
"Government restrictions to ensure the health and safety of you as an individual, coupled with new and improved legislation in the form of the passage of the Corporate Restructuring and Insolvency Bill which introduces a rescue culture to help businesses manoeuvre these unpredictable times and gain post commencement financial backing to help restructure these otherwise distressed entities and put them back on track. In summary, things may not be as dreary as they look. There is a silver lining – just hold on a little bit more."
https://theindependentghana.com/2020/04/parliament-rises-to-an-indefinite-suspension-by-speaker-oquaye/

Good to see a rise here for all that stayed in, i personally left the other week out of borem and punted else where.
I would do your research regarding Infotagion though as i believe it's not chargable and free for all.

Benefit from this is they can build up a client base they so need.

GLA

Might notice a small tick back up now.

That last big sell is probably the million share seller finishing.

Nm

If something material comes then i don't see a issue with this bouncing back towarda 0.1, regards to the historical highs.
Well they are historical.

Well the ops director is: matthew@iconiclabs.co.uk
So based on that i assume it's liam@iconiclabs.co.uk etc.

prior to recent drops my average is 0.11, which in my opinion is still achievable to breakeven.
if i will put more money in... well thats the question at the moment. Not sure if i would.

This isn't an AIM Company, i would assume RNS's stand alot harder with facts