The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Guess not. The flood of buys over the last few days says it all. Missing another component delivery deadline would not have helped. Can these guys do anything on time????
Not that good of friends then eh. Cheers Chris keep up the good work.
End of September/Early Q4 - I assume we will probably hear something (hopefully very positive) at the get together at Harley Street in October.
Something I saw the other day - I know there is history between the two but any ideas why FRR would potentially be working with SOCAR?
Nice work MP - So my shares are worth anywhere between 0 and 100 million pounds!
Iran- Conoco 2019 version.
As a LTH holder I really do hope you are right but just IMO the language again seems very cautionary and hints at the fact that they are going to struggle to hit their own newly released production targets. "The Issue of Equity and the Loan will allow the Company to focus on the next deliverables in this project" and enhance resources for the on-site verification and validation process. Question: How long has it taken to manufacture 6 CCLs?
apologies johnlogie...beat me to it.
FRONTERA RESOURCES HAS CHALLENGED THE RESULTS OF A COMPETITION FOR A DOLPHIN OIL PRODUCTION IN COURT
07/08/2019 | No Comments
US company Frontera Resources will challenge in the District Administrative Court of Kiev the results of the competition for the right to extract oil and gas from the largest Ukrainian field on the Black Sea shelf "Dolphin". In a suit, the company claims that the contest is invalid, Frontera Resources reported.
The company believes that the commission "has exceeded its authority and made decisions that are contrary to governmental acts and violate the competition procedure."
Potential investors had 60 days to apply. The conditions for the investor were - one and a half billion hryvnias of investment for exploration, at least five wells in the first five years, and the state share of profitable products should be at least 11%.
According to the law, the commission was required to determine the winner and submit a proposal to the Cabinet of Ministers within a month - that is, until July 12, 2019 inclusive. In turn, the government must then conclude the agreement within two months.
However, the winner of the competition for the Dolphin was named only on July 26. It became the Trident Black Sea company of former State Duma deputy Elijah Ponomarev.
Trident Black Sea is 90% owned by Trident Acquisitions Corp and 10% by Irish-based San Leon Energy PLC. Earlier, Mirror of the Week reported that Trident Acquisitions Corp.'s key shareholder. is Ilya Ponomarev, a former State Duma deputy who emigrated from Russia to Ukraine. Another 10% of the shares are owned by Gennady Butkevich, co-owner of ATB supermarket chain.
In a comment to Radio Liberty Ponomarev said that in the event of victory, Trident Black Sea plans to invest $ 1 billion in the development of the shelf and said that he has the citizenship of Ukraine, and refused Russian. He also said that Trident Black Sea could receive US state protection in the event of Russian aggression.
The contest for the Dolphin and Frontera Resources as his potential favorite of the Scheme was reported in early June.
The journalists found out that it was this company that initiated the competition. In addition, they found that Frontera Resources had dubious projects in Moldova and Georgia, and its financial statements for 2017 and 2018 indicated that the company was unprofitable. Investment banker Eric Nyman calls the company's loss "chronic".
In addition to the two companies mentioned above, two more have submitted applications for the state competition: the Azerbaijani company Caspian Drilling Company LTD and Ukrnaftoburnie, the beneficiary of which is Ukrainian oligarch Igor Kolomoisky.
On June 11, Head of the Presidential Administration of Ukraine Volodymyr Zelensky, Andrii Bogdan, urged the Cabinet of Ministers to continue the competition for the right to distribute oil and gas at the record-breaking Dolphin shelf on the Black Sea shelf. He noted in his offici
The machine was supposed to be fully functioning at the end June.
The development timeline is not on schedule.
Yep, the market needs a detailed progress report. Exactly where we are now, what we still have to build, exactly how long this will take and when we will have a fully functioning machine that we can sell/take orders for/recive deposits for. We are a long, long way down the road here and then machine should have been ready at the end of June so saying Q3 this or Q4 that is really not good enough now. Give us specifics!
There is a significant problem....they are terribly overdue yet again and haven’t even built it yet! I too cannot make the AGM (on holiday). But I would really appreciate if anyone is attending if we could get a straight forward answer to a straightforward question. When is the machine going to be ready and fully (230/250mev) functioning?
My shares are back in the Halifax account too but the ticker now shows as (0650) not FRR. Anyone know what that actually means?
credibility also rainbow.
Stop with the clickbait....georgian drilling club. I thought it was a *****house!
nope, just logged on and seen it....care to elucidate please???
same with mine.....anyone know whats going on???
I did not see your original post, what did you say?