Member Info for WHamBoy

Thanks Looed and Monti for your detailed analysis of our improving situation. Fingers crossed once again.

Really, really good news Looed. Thanks for the update. So Hope is no longer an obstacle in our goal of getting back to working our assets in Georgia. :-)

Have you had any recent comms with your contacts at the company ? Have they outlined what are next steps might be? If as I suspect it’s a no, and they have indeed gone quiet, are you able to second guess what might happen next?

Please let’s just move on.
We would know next to nothing without Looed.

Prodigy
I think this case is where Zaza’s version of frontera are being taken to court by the GOGC for all their alleged misdemeanours/trying to steal our assets. The only trouble is that Cymro has been really good at being able to regularly find the court listings of these cases, but unfortunately we never tend to find out the outcomes of these cases unless the Georgians issue a press release etc. So we have to just hope that we are as close to resolution here in the Georgian courts as we hopefully still are in the US courts. GLA

At some point people will see what good value Deltic now is. Unbelievable price atm.
And all we need is a favourable Government tax/investment announcement and this will soar back up to last year’s highs.

So we are now less than a week to the court-imposed deadline for agreeing to a deal. I must admit I had hoped we would been able to make a deal by now. Is it a case of the two sides still playing hardball?

Still not working Erik. Any chance you could copy and paste the text? Sounds encouraging from the title of your post…

2 weeks until the deadline for our high stakes game of “deal or no deal” to be completed. All we now need is Noel Edmonds and/or Mr Blobby to get this over the line…

Thanks once again Looed for all your sterling efforts on this. We really wouldn’t know very much at all if it wasn’t for all your hard work. Fingers crossed.

Only 20 days left before FRR and Hope need to either have settled or have explained to the judge why they can’t settle….

Looed recently wrote the following:
“Frontera International Corporation is ordered to file papers no later than March 9, 2023 showing cause why its claims should not be dismissed for failure to prosecute. In the event Plaintiff Frontera International Corporation does not respond to this order, it claims will be dismissed without further notice.”
This was the part of frontera that FTI went after: so fingers crossed that this deadline has been missed and that’s another court case that has been dealt with.

Sorry to hear that Pyro.
No-one’s blaming you anyway - we all know that you are one of the good guys.

Thanks Monti for clarifying which Texas case this actually is: I’d wrongly assumed that it was about the Texas shares case.
Looed suggested that he was waiting on whether the latest court docs might “separates the parties” , ie they settle with SN, but still go after ZM. It would be very interesting if that indeed did turn out to be the case.
GLA

Cheers Looed. I know it’s all guess work on my part, but it’s the only thing that has kept me going for the past 4 years! Definitely happier since you announced news of the potential deal.
I’ll be even happier once the company confirms the settlement, the Georgians confirm that we are working the 1% again and the company start to talk to us all again…..

Thanks Looed. Interesting that the Texas case seems to be rumbling on. Have SN and Hope agreed that it is in everyone’s interests to settle the Californian case, as it allows the company to realise its value in Georgia. The personal case of SN and ZM’s shares can then be fought out in the courts in due course, without hindering FRC. SN will want to pay in cash from any sale etc, whereas Hope will want shares as by then they have real value…..

Ricardo - it’s old news. A few posters are trying to ascertain which parts of the block 12 we might still own, ie the 1%. They are trying to do so by looking at where we were previously working - these fields should theoretically should still be ours.

Boom time today guys. Great news.

On a quick google search, I think BP is worth about 100 billion US dollars. With close to 16 billion shares and using Grayhorse’s valuation of £25 a share, that would make little FRR worth about 400 billion pounds, or 480 billion US dollars. At that price, we’d be buying BP, not the other way round.
Before the delist, Kenco held his “what will FRR be worth” competition. Most guessed somewhere between 1p and 10p, and I suspect we’d all now be relieved, happy and after all we’ve been through, slightly surprised if we reached the top end of that range.
I stand by my desire to get 3.3p per share!

No problem ZyDer. I’ve done the same thing myself!

I’d check your maths there Zyder….