Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
OLD ARTICLE / News Below from Georgia Today Website Oct 2015
Re the para between the …………’s If only things had moved on as hoped , Mr Putin may not be holding Europe to energy ransom today .
As Steve C. Nicandros, Frontera’s Chairman and CEO says, [their] ongoing investments in Georgia have continued to reveal the emergence of what [they] believe to be a world class gas play with the identification of the South Kakheti Gas Complex.
Much like the recent evolution of similarly prolific gas plays in the United States that have transformed the country’s energy independence trajectory, Frontera’s results continue to indicate that Georgia has the natural gas resources to follow a similar path. “We believe that our ongoing work will further serve to establish Georgia’s domestic energy independence in the years to come and also make it a strategic supplier of gas to Turkish and European consumption markets,” the company’s CEO concludes
The recent nontrivial discovery by Frontera will almost certainly confirm that this field is in the top 10 largest gas fields on the planet. Some American experts say that it is likely to be confirmed at around 100 trillion cubic feet recoverable and will therefore rank as the 6th largest, just behind Russia’s giant Shtokman field, while Azerbaijan’s Shah Deniz field is currently ranked 18th largest at 42 tcf (Trillion Cubic Feet).
The Shah Deniz field is currently the key reserve for the Southern Gas Corridor project, an initiative of the European Commission for gas supply from Caspian and Middle Eastern regions to Europe. Conveniently, the designated pipeline route of the Southern Gas Corridor travels across this new field in Georgia using existing infrastructure; relatively, the status of Georgia as a transit country will quickly be redefined as ‘key supplier.’
Energy experts believe that even though the South Kakheti Gas Complex is still in relatively early stages of development, possible high-caliber global interest is likely to guarantee that this strategic asset will be very quickly developed…………
The occasion may literally change the entire geostrategic picture not only in the region of the Caucasus, but also the Black Sea and Europe. More lucidly, Europe, which currently suffers from an over-dependence on Russian energy resources, will be able to diversify its energy sector through Georgia, previously considered no more than a transit corridor for various projects including Trans Anatolia Pipeline (TANAP – that will open in 2018)…………
At the same time, it is critically questionable that neither the Georgian political establishment nor other system properties, such as the official US or the European side, has commented on a matter which can drastically transform the existing Russian energy domination on wider Europe.
Instead, Georgian Energy Minister Kakha Kaladze has been negotiating with Russia’s energy giant Gazprom, which is believed to be widely utilized for fulfilling Putin’s government’s po
Lifeishard …..my 11m shares and faith in the Co kept me very positive , upbeat and supportive over the first 18 months or so of delisting ….read my post history .
Since then , well I suppose my head has gradually been pulled out of the sand . Whilst movements have been made it seems in favour of the Co my fear is that if things do come good for them I have seen nothing to confirm / encourage / give even the slightest encouragement that we will play any part in their future plans .
Zeron re your 16.34. Nothing has come out to suggest its all over …..or should I say nothing has come out that ….WE …..have found to say that .
However its now approaching 4 years ….repeat approaching 4 years since the company said ANYTHING at all directly to its shareholders .
Nearly 4 years of silence and ignoring us ….
.Keep repeating that to yourself until it sinks in how astonishingly shocking behaviour that is for a company to impose on its shareholders no matter what trials and tribulation it may be / have been subject to .
The company has not shown any respect to its share holders at large , only sharing what seem to be patronising “stay with us “ statements to the odd one or two . Sadly for me some shareholders think thats acceptable and encourage patience re the companies CHOICE to remain dark on shareholder communication .
The only conclusion I can come to based on the above is that for shareholders , as Star famously said back in Dec 18 …..” Game over “
Teacady is on a number of boards ….he only poses as the Russian on here …..he is a 1st class knooob
tsbs1….What I have enjoyed with this board over the years is the range of characters , the good , the bad , the ugly ,and even the odd knoob that is the offspring of Walter Mitty i.e. Teacady .
You may not know Deep Throat and you may not play the tune of the Pied Piper but I enjoy and welcome your humour as part of this boards wide church .
West HB
Not sure if thats correct
I don’t think FTI who are behind / running this one would be pursuing the two for the personnel guarantees of cash / shares the two gave Hope .
To be honest can’t recall what the guarantee was for but It was not related to the Statement of Solvency the directors made to the courts ( which I assume you are referring to ) .
Don’t think they EVER gave info to substantiate that statement which if so would leave them open to prosecution .
S1234…” take the hit and move on “ you say , I will ignore your faux concern , the choice to move on or not is mine alone .
TSBS1…Clearly some folk don’t appreciate your wit.
I just hope after court costs have been covered there is enough left in the pot to buy pen & paper in order to provide us with an update ..
Madpunter. There is….keeping schtum …. with your business and legal options, tactics , problems , opportunities and secrets etc etc .
Then there is ….keeping schum …. re the info relating to the company that is ALREADY in or ABOUT to come into the public domain , and therefore no reason why the Co should not tell us about it .
Without checking back on every bit of info shareholders on this board have uncovered I would say that 99.9% was info that was found in the public domain .
Its very sad that our dear leaders after accepting our money have been happy to let us find it ourselves rather than them keeping us informed .
If I can find info I am bloody well sure ZZ , Hope and any others from the other sides can , and no doubt have found it well before me , not forgetting that much of the info ( proceeding etc ) was was sent to them or received from them as part of the process.
The carless talk cost lives mantra simply does does fit for the many of developments the company choose not to inform us about .
Its a convenient excuse …..and we should not condone it .
Tsbs1
Tottaly agree with you .
We …….the folks who have stumped up the money ……… have been and continue to be treated with the utmost contempt by the company .
In spite of what those who defend the Co ‘s silence say there is simply no excuse for the way WE have and continue to be treated .
But do we have it under our ownership ?
Who currently holds our licence ?
Thanks NJ
Think below is the Texas case
https://unicourt.com/case/tx-hrd-frontera-international-corporation-vs-nicandros-steve-c-1079913
Earsbern ….. https://www.pacermonitor.com/public/case/30667314/Frontera_Resources_Caucasus_Corp_and_David_Griffin
West ham …This is the liquidation being carried out by FTI .
Frontera Resources Caucasus Corp case no 1:19-bk-13418
After 2 years of no new additions to the Docket list in New York Bankruptcy court since FTI were granted Recognition and Relief in Aid of a Foreign Main Proceeding by the court …….two new Dockets have recently been added .
Docket 21 March 9th 2022
Letter filed by court office
Docket 22 April 18th 2022
Status Report Filed by Warren E. Gluck on behalf of David Griffin(FTI)
Any one with access to Pacer for viewing these , or are they old news ?
Arsenal ..Yes got that ….but what I am trying to figure is the relevance of the TI on Zz…..to the ownership of the asset by Green Cap .
Think I read that GC were being investigated in Georgian courts .
Can they be stripped of the asset .
If so …..does it then come back under the control of FTI again ….then what ?
Tsbs1….you said earlier in response to my post below that I was way behind …but did not explain why .
Genuine question ….what have I missed that deals with the questions below .
….where are we re ownership of the asset ?
Did not FTI sell it to Green Capitol ?
Does the court findings against Zaza impact on that sale ?
If so …how?
Can / will the sale be reversed ?
If it is reversed somehow , weren’t Interserve next in line to be offered the asset ?
How do we regain control ?
Tsbs1….thats par for the course for me buddy .
What have I missed ?
Its really good reading all the positivity re potential future of our Company in Georgia….be fantastic just to get my money back .
But ….where are we re ownership of the asset .
Did not FTI sell it to Green Capitol
Does the court findings against Zaza impact on that sale ?
If so …how?
Can / will the sale be reversed ?
If it is reversed somehow , weren’t Interserve next in line to be offered the asset ?
How do we regain control ?