Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
ZaZa has to rely on the senitors. Mainly because he lies through is teeth. I don't think he knows he's doing it.
The more this goes on. The less I expect us to get are money back.
Don't know what all the NOT paying the workers was all about. But in my eyes . No morals. That's peoples life's Hes been playing with. Bad management IMO. Shi t Heads.
So sorry to hear about your loss. You have lost more than money can ever buy. All my sympathies my friend. Atb
1 TCF would do well for the sp. That's if we ever come out of private Ownership.
Also if we don't get twisted out of it
There's hope at the end of the Tunnel.
Just as long as it's not that. bugger waiting. lol
Frontera Resources Oil and Gas Company was founded in 1996 in the United States. Its goal is to extract gas and oil in Eastern Europe.
Activities in Georgia started in 1997. The company conducts exploration and exploration activities on the 12th License Block in Eastern Georgia.
Frontera Resources was founded by Frontera Resources LLC on August 7, 1997 in Georgia. This is the company that operates in Dedoplistskaro.
50% of the company is owned by Frontera Resources, registered in the US and the other half by Georgian Oil and Gas Corporation.
Since 1997, Frontera Resources has repeatedly announced that it has found a large supply of gas in Georgia. For example, on October 8, 2015, the company reported that it had discovered 3.8 trillion cubic meters of gas in Kakheti. In February 2016, the statement by Frontera Resource was criticized by Georgian Energy Minister Kakhi Kaladze.
The state of Georgia, in particular the Oil and Gas Corporation and the Oil and Gas Agency, is suing the company in the Hague Arbitration Court. Frontera, in its lawsuit, alleges that it has suffered damages by the corporation and the agency for violating the terms of the agreement and is seeking $ 3.5 billion in compensation.
It won't let me. Sorry
84 employees of Kakheti Oil Company are demanding 11 months' pay. They said the company was fired after refusing to continue working without pay. They expect help from the state.
The state, and in particular the Oil and Gas Corporation, owns a 50% stake in the company, Frontera [Frontera Western Georgia Ltd], but says it cannot interfere in its operations nor can it eliminate potential violations.
In parallel, Frontera and the State Hague Arbitration Court are in dispute. In this situation, what can be the solution for the workers?
what is happening?
One of the employees, 58-year-old Shota Moseshvili, tells Netgazeti that his employees have not been paid by their employer for 11 months; In particular, they are entitled to 3 months of 2018 and 8 months of 2019. According to Shota Moseshvili, the employees had salaries of about $ 250.
“All this time, until we got paid, we stopped working in the factory several times, but they were giving us all the conditions to pay. They were asking us to make sense, promising that the investor would come in at 70 million; They said, well, everything is going to be okay and that's why we got it ... After all, we came to the conclusion that we had to stop. Because the company was delivering oil and we were not paid, ”he says.
Moseshvili said that 84 people are from Dedoplistskaro, some directly from the city and some from the villages.
According to his story, after they were fired, the company's director, Zaza Mamulaishvili, fired: “If you did not go to work, the company suffered damage and we were fired on the basis of some article of the Labor Code ... We didn't get it. "
“If you have an 11 month paycheck, if you haven't been paid for 11 months, how long will you work? Did you go hungry? There are a thousand hardships, bank debt is a separate problem, here is the New Year. ”
Shota Moseshvili says the working conditions are bad and not so good: “We have been working in terrible conditions for years. In summer it is unbearable heat, in winter - cold weather. Dogs, wolves and whatnot, they are full of snakes. They have not been given any special clothes for 7 years. Nutrition is also abnormal. To tell you what the situation is, you will say how you work here… ”
The fired workers held a rally in front of Dedoplistskaro City Hall on December 25 demanding the state's help. Representatives of the state from the State Oil and Gas Corporation, their MP in the parliament, Irakli Shiolashvili and independent MP Beka Natsvlishvili attended the rally.
Shota Moseshvili told Netgazeti: “We can extract large quantities of oil in one month. Just to help the state pay our salaries, even step by step, can we? In the future we would extract this oil and sell it to the state ”…
What does the Oil and Gas Corporation say?
Netgazeti has contacted the Oil and Gas Corporation, which owns a 50% stake in Frontera. They were told that they did indeed have a 50% stake in the company, however,
One year on almost from suspension. Heard nothing official from Frontera. About the Production and future of the company. Not me !!
When I look back at my life over the last 12 month. Where "I haven't " bought a share. Invested in anything . It makes me think why I did. I have managed , in fact. I have got myself out of debt and got the house sorted out and myself.
Not worrying about share SP everyday. It's like a relief, really.
It's all down to " GREED " I suppose. It's all Just one big Gamble.
I have had a virus / Chest infection this last week. Like pneumonia. Which I have had before. Could hardly breath. Never moved out of bed this week. It's horrible. It makes you think about your life. I suppose you start feeling sorry for yourself. There's people a lot worse I know !!! Some poor Devils don't recover.
Anyway it's Christmas coming. Another Year to look forward too. Frr just a dot on our life. A dot with I wish I could have erased.
The most main thing in life is Familly then Good Health.
So Good Health and a merry Xmas to All.
Sorry about the dreary post. MERRY CHRISTMAS.
Devex2h Symore_Bottoms
So with sunglasses on:
a deal has been done/is being done re Block 12
Hope is aware of it
the deal is dependent on a number of factors - but FRR retaining control is one of them. And Hope recognises this
So Hope is now arguing for his share of the outcome
With sunglasses off:
this is now a battle over egos, reputations and minimising personal liabilities
Despite having mentally written this off - just for peace of mind - I keep coming back to the empty box issue. Why oh why would the two parties fight so hard and for so long unless…
Seasonal greetings to one and all
Not bother with the rest. Lol
produce oil and gas in the Black Sea, where there are huge hydrocarbon deposits, is part of Ukraine’s strategic plan to reduce energy dependence on Russia. To this end, Ukraine in 2011 even bought two drilling rigs - albeit with a large overpayment - better known as Boyko towers. In the end, Russia took them - along with the annexation of Crimea.
Therefore, today the state does not have sufficient own capacities for the development of the Black Sea shelf. Therefore, it announced a tender to attract a private partner to develop the Dolphin offshore section, one of the largest gas-bearing sites in the Black Sea. The winner of the selection will receive it for use for 50 years in order to earn money and give the state 11% of the produced hydrocarbons. However, having examined the conditions of the competition, Schemes found that it could be “tailored” to one “problem” American company.
The Odessa gas field is located 130 kilometers from Odessa in the Black Sea, followed by the Golitsynskoye and Shtormovoe. Until the spring of 2014, it was developed by the Ukrainian state joint-stock company Chernomorneftegaz.
More information on the Antikor portal: https://m.antikor.com.ua/articles/308305-ohota_na_deljfina_kto_polohil_glaz_na_samyj_gazonosnyj_uchastok_v_chernom_more
Never bought a share since we got suspended on 24th Dec last year.
What really surprised me was how quick I paid my bills.
Also made me realize how much I was spending on shares.
One thing for sure. I will never Ever buy another share for the rest of my life. Took me till reaching 67 to realize .
Not to worry I got there eventually. Hope I gave at least another 10 years left. I will actually have savings. Lol
Don't know if we will survive or not ??? But I have a strong feeling we will. It would be nice if I had money for a change to blow on stupid things like a new car. A long holiday etc.
Roll on the Newyear.
That's what I have been doing for years. You are Correct,Lol. But only got 14.6 mill left of these , Buggers !
At a avg of 0.55p. Would sell them presently for 0.4 p lol roll on Xmas.
Come on zaza clause still waiting for the Xmas Present from 3 years ago.
Sorry mate just seen your post. It's virtually the same. Apologies.
Employees at Frontline Western Georgia Hold Protest Rally at US Embassy
Employees at Frontline Western Georgia Hold Protest Rally at US Embassy
Employees at the Frontline Western Georgia company are holding a rally outside the US embassy, ??demanding a 10-month debt from the US-Georgian oil company.
According to them, the company carries out oil production, drilling, loading and sale as usual and those working in heavy industries have to work in extreme conditions without a health policy.
“We are protesting that we have accumulated 10 months of debt for 4 years, which we have not received. We are demanding the remuneration of our wages for which we have worked, worked and have not received to date. Everybody here is an employee of this company and they all have the same problem, ”rally participant Iveri Tsiklauri said.
Protesters will move from the nearby embassy to the government administration.
Lol. I didn't know that. Lol
Even though his or her name translates to Red Herring in Italian. That isn't fake News.
Arigarosa, Thanks for the Posts. At least we know what's going on.
Be its not what we want to Hear.
It's not looking very Healthy for any of us. Unfortunately!!! I wouldn't hold my breath for any good news coming from Anywhere. Including Mr Cheesie or Puddy. Lol
Well done mate. Recommended.
So all the Guessing that Frr had something on Hope is just bull then.
No insider trading or anything else.
The character's name is a loose Italian translation of "red herring" (aringa rosa; rosa actually meaning pink, and very close to rossa, red).
https://en.wikipedia.org › wiki › Re...