RE: Arbitration7 Feb 2019 08:59
i wouldnt be overly concerned with the arbitration request. We are all aware progress has been slow in block 12. We also know the russian invasion and the credit crunch in 2008/09 have played a very large part in that slow progress. Add to that the corruption and denial within the governmental agencies which led to the shake up 2 years ago and the GG can take a share of the blame for slow progress.
Frontera have been instrumental in driving the change and helping to remove the threat of corruption through atlantic council and connections in congress.
I dont have the link to hand, i have posted it several times in the past, where POTUS told GG that of they intervened and prejudiced the progress of american assets and companys who have invested in the Gerogian economy extreme sanctions would be taken against the GG with the freezing of aid and finance packages.
That said the GG and GOGC would be in dereliction of duty to not give frontera and any other O&G E&P co a prod to get their finger out - looks like it worked with us. Ramp up on 2018 drill campaign, BH mou, BP one of the majors sniffing about and now known to have been one of the majors with NDA in the data room calling the shots. Its a long way to end of 2021 and im sure lots more progress will be made between now and then making the request for arbitration discussion is negated.
Too many jump on the roller coaster of emotions on here and vent when they see perceived bad news and condemn the co then once they have had the info explained or had time to properly digest are popping the champagne.
The court cases are the biggest concern right now and whilst im confident- you can never say never. We ae not privvy to all the facts.
Frontera and Uncle sam in one corner- Hope/outrider and the shorters in the other.
Im still backing a frontera win.
ATB