Member Info for Zibrahimovic

Noloss I think it may be the same ii/person and would have circa 1 billion shares from the 2 transactions imo..

Bedecked, I’m saying if there is a third party who will provide the cash as an equity swap will probably want them at the average price YA got for them which must be around 0.42 or so.....it seems fair enough and hopefully they become sticky...Probably around 600 million shares...

Or at the average that YA converted the 1.3 billion...I wonder what that was? I bet it close to 0.42...lowest was 0.09 highest 0.55 If I remember correctly... I’m sure someone can go through them all and get the average..

Lol cheers Coggy and look at the conversion price 0.393....feels like dejavu....maybe if pyro is right, then whoever is transferring shares wants them as close to the last price as possible ...

There has been no change. That 56 million was the last conversion. Frontera Resources Corporation (AIM: FRR), the European focused independent oil and gas exploration and production company, today announces that on 03 April 2018 it received a conversion notice for the month of April 2018 from YA II PN, Ltd. ("YA") to convert 309 Series A Preferred Convertible Shares ("Series A Shares") out of its outstanding total of 3200 Series A Shares. Pursuant to the terms of the agreement with YA, conversion will be made at a price of 0.393 pence, which will result in the issue of 56,052,442 new ordinary shares ("New Ordinary Shares") to YA. The agreement with YA contains a limitation of a maximum of 1,300,000,000 ordinary shares ("Maximum Ordinary Shares") that YA is entitled to convert before 16 June 2018. Following this conversion, YA will not be able to convert any further Series A Shares as the Company has effectively issued the Maximum Ordinary Shares. Following this conversion, YA will hold 2,891 Series A Shares with the redemption value of $2,891,000 which is redeemable on 16 June 2018.

We should all wear t shirts saying “We had gas before it became popular” LMOA

The only reason we know about Exxon Repsol and China is Bugsy, Ivy and Chris...

Now I consider myself to be quite good at marketing but I’m not a well rounded marketing company like Yellow Jersey, but if I was representing a minnow O and G explorer/producer, I’d be bang all over the news of MOUs with Huge international producers and shouting it from the roof tops...and as a client I would be on the phone saying Tim why the feck aren’t you putting this news out there as it can only benefit our company?? This news could be transformational for the region we work in but we aren’t even tweeting about it...If this was in SOU or ECHO jurisdiction, it would be on the 9 o’clock news.....why the blanking of this news??

And that’s a FACT!!

Since the Gareji formation has started flowing gas for the FIRST time ever in Georgia 3 huge companies have all been over looking for themselves....

I heard it wasn't just engineers who would put faults on but the higher ranked TO's who would tamper with cooling equipment which would alarm and they would go out on call outs at night and holidays on a very nice little bonus..

The new engineers are going straight into the Fibre Cities projects and other FTTP areas and won't be going into the copper network I believe.

Well done Ivy

Is Puddy, so he gets 2 birthdays!!

Lots of comments on the boards about this long ongoing matter. One purpose behind it,imo - to create uncertainty and make frr a don't go there share, thus artificially keeping the sp at rock bottom for a prolonged period. Now, why would anyone want that? I'm holding on to mine for the big reveal which must be close.

Well in my (and I see SB’s) view we are now in one of the most important months in the FRR story thus far. By 16th June Zaza will have to decide on his approach to YA. Three choices here basically – 1) find the money to pay off in one go, 2) agree a monthly payment plan or 3) let YA carry on with the conversions. Anyone who attended the May 9th meeting knows that 3) has been discounted, so the interest is entirely on the process for 1) or 2). June is also the month when some of the lock ins end – although I think these are largely cosmetic in regard of the director shares. The II lock in on the February £1.5 million (raised at £0.45 per share) of course ends around about August 12th Then we have 2017 Results by the end of June. Well no one will be expecting anything special here, but if I was Zaza I would try to use the opportunity to announce other things regarding 2018 progress, and I suspect a Non-Exec appointment will have been made by then. Don’t underestimate how important this decision might be. We may also see further comment on relationships with SOAG/GOGC at this time. I would expect a further Shareholder Update to also be trailed – probably for late July/early August. Plus we should have T39 initial flows, and potentially the first indications on Zone 9 stimulation at T45 and Dino – or at least the firm timetable – plus other general updates on oil progress. And of course an update on UD2 and all that goes with it. My view is firmly that news flow timing will and has been managed (I would if I was Zaza) and that dealing with the YA issue is key here. In the grand scheme of things the £2.8 million is less than 4% of current MCap – but I do agree that how he deals with this will tell us a great deal about the progress being made. And alongside all of this their is growing and very public acceptance that Georgia has oil and gas of its own - with all the interest that goes with it Much to look forward to in my view Final comment. Just 38 million shares traded yesterday (75 trades). Results in a 4.5 % drop. And you guessed it - 10 million of cancelled trades. The day before – a further 10 million of cancelled trades. Have given up trying to work out who/how/why here, or even making comment.

Spot on ToT - just doesn't make sense to set up a big 'natural gas-based Petrochemical' facility in Georgia if you don't have gas feedstock close by. True, there is good O&G infra running through Georgia and may be they will tap one of those pipelines for the facility but that exposes a company to huge supply risk. And as you rightly mentioned, supply of natural gas may not be available at market rates making the whole petrochemical venture uncompetitive. We also know that FRR is charging premium price for its natural gas due to very limited supply. So, who have cprs and some deep drilled gas wells already? Who says we are onshore, cheap and with a monster gas deposit? Anyway, this bit of news is another indication that 1) Georgia has the geology for massive gas deposits and 2) Govt is finally allowing international firms to come see/test and set up operations. For a long time, Georgia has been talking the talk about 'business friendly environment' but it is finally opening up the energy sector rather than faffing around hydro power. Plus who would want to 'mess around' with either the Chinese or the US when they are finally set up operations in Georgia? So what does this mean for FRR? Internationally Market acknowledgment of the potential in emerging Georgia, better Govt relations, access to finance and JV deals. Anyway, we still need that one bit of news to finally transforms in to a butterfly and we have been waiting for this for years and years. Local politics has been the biggest pain in our backside (namely the procrastination over the conversion of the license) but with the arrival of international firms like Repsol, and may be Exxon and the Chinese, we could finally get a break. I still see June as a very important month for FRR.

The Chinese have been sniffing around in Georgia for some time with a number of meetings with politicians and officials, and it is good to see that has now led to the signing of an agreement, but you have to ask where the enormous volumes of gas required to support a petrochemical industry are going to come from. As I understand things Georgia has an agreement with Azerbaijan to provide it with just enough gas to meet its current domestic needs and it receives a transit fee for the gas which Azerbaijan exports to Turkey, and shortly beyond that into Europe. Yes it could negotiate to purchase more of the Azeri gas, but surely if Azeri gas was to be used for petrochemicals would it not make more sense for the Chinese to invest at source in Azerbaijan? Together with the recent meeting with Exxon and the MoU with Repsol it seems to me that here we have another piece of compelling evidence that something big is about to kick off in the monetisation of Georgia's own natural gas resources. It perhaps explains why we are still waiting for Ud2 results. If the discovery is of strategic national importance it might well be the case that the Government itself has embargoed the news until it is good and ready, and has perhaps completed negotiations with FRR regarding the parts of block XII which have been neglected or the agreement a full field development plan which has the backing of partners with access to much larger resources. What a nice thought to take into the weekend.....

Happ e birthd e pudd e

NDN, I don't think the copper pair thing stands anymore as most new build now has fibre only and no copper and if that rule was law then all the other fibre providers would have to do the same and they don't.