Member Info for Timster

Zaza told us we had 202tcf , just saying.
Lots of things are said by companies!!!
I don't doubt zaza is right though....

James Parsons said you couldn't loose investing in sound when it was a quid.

Buyer beware this is AIM

Zaza told us we had 202tcf , just saying.
Lots of things are said by companies!!!
I don't doubt zaza is right though....

haha,

It's all coming together, a mighty crescendo

shorting crew jailed, along with YA
BP buy out
All share holders multi millionaires
Outrider and Hope wiped out

Then I really would vote for Zaza to be world president ;)

If your numbers are right madp I might send you a bottle of asti spumante ;)
Thanks for all your number crunching it's bonkers figures that are in play! Still not convinced we've been producing though but hope you are right

I thought he was dopey rainbow? :)

He's now an independent advisor he could be working for several clients.
Like any contractor you work for yourself

Not sure how you are gleaming negative vibes From a paragraph on his cv. It seems to be neutral.

The results not public though if it was maybe he'd be able To say he won.

Bloody hope so!!

Levan Bakhutashvili, Frontera

It says frontera after his name tsbs so he's representing frontera.

Big news next week then, can't wait

well we are still in the next decade, so all good :)

excellent, its all looking very positive today!

news tomorrow? ;)

bloody shorter..... ;)

I sincerely and whole heartedly appologise.

I've been trying to drive the price down for 10 months now and I can't make it budge :(

What's wrong with bigging up zaza anyway he's a god of bods, nothing negative about my posts about him.....

And Tsbs , I've read through ALL your posts and there is only one conclusion....... bloody derampers

GLA

Whoop whoop ZAZA FOR WORLD PRESIDENT

in a bad light? or as his work as a crusader against corrupt AIM companies ;)

It's not just us shareholders Zaza is hiding from then :(

so theory is if they ignore this long enough then a massive deal with BP will be done and they can continue to ignore it?

correct me if I'm wrong but we haven't seen any details of arbitration from a court yet?

It'll be a mediation type process anyway wont it behind closed doors. (apart from FRR trying to sue Georgia)

BUT THEN

In September 2018 Frontera made counterclaim, claiming USD 3.5 billion as lost profits for the period 2012 through 2027 for certain alleged breaches of the PSA by the Company and SAOG. This counterclaim was not supported with any expert report calculation. The Company and SAOG consider the counterclaim to be without merit and intend to contest the counterclaim vigorously. In addition to the claim for the lost profits, Frontera asserted a claim for taxes (VAT and excise tax) in the amount of USD 3.5 million and claimed for legal costs allegedly incurred in obtaining land access to block XII in the amount of USD 74 thousand.

Management believe that the Company and SAOG have factual and legal bases to win the case, and that possibility for Frontera to win these claims is remote. The proceedings are in progress, next hearings are expected to take place in October 2019.

Frontera Case:

In July 2018, the Company and SAOG (State Agency of Oil and Gas) submitted their statement of claim against Frontera Resources Georgia Corporation. SAOG and the Company inter alia are claiming that Frontera has materially breached certain provisions of the PSA (profit sharing agreement) including but not limited to the relinquishment of approximately 99% of the Contract Area. Apart from this the Company and SAOG are seeking reimbursement of damages including a monetary compensation for the breach of oil sharing and relinquishment obligations and reimbursement of the natural resource enjoyment fee which was paid by the Company and never reimbursed by Frontera.

Georgian Oil and Gas Corporation JSC Notes to the Consolidated Financial Statements for 2018


36
The Company and SAOG believe that there is a high likelihood that the arbitration tribunal will hold that Frontera breached its contractual obligations.