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Wow - I find that hard to believe. A CPR based on FRR's own figures rather than independently verified. What's the value of that?
Why mess about with a 9TCF CPR why not go the whole hog and say 203TCF- and caveat that with 'the fairies told us'
We all own shares which are in reality a percentage of the company.
Because the total number of shares is so large, we probably own less than 1% each. So we each own a percentage of a percent.
But any profit we make has to be shared with the GG. So it’s a percentage of a percentage of a percent.
Arbitration compromise means that we will lose some of B12. So it’s a percentage of a percentage of a percentage of a percent.
FRR will want to keep some of the profit to invest in Moldova and Ukraine. What do you reckon – a percentage? So it’s a percentage of a percentage of a percentage of a percentage of a percent.
Have I missed anything? It’s a good job Madp’s numbers are so big.
Speak for yourself fg.
Lol
Agree entirely, LordLash - one scenario that worries me is a "lose the battle(FRR) but win the war(energy independence for the Caucasus).
FG a MassDebater - It's the way you tell 'em!
And you know the facts?
Yes the balance sheet looks poor but
...
Who is that then Minden? You and the other shorters.
TOAST YEAH BRING IT ON!!
So lol I'm surprised you can't hear it.
How about a win win.
GG win because they get more of the spoils and sooner.
FRR win because they get enough of the spoils to repay the investment plus a bit for taking all the risk.
I emailed Tim Thompson to ask if he could arrange for a translation to be made available.
Thanks Njames
Yes Ziggy 'A Merrick an' thanks
What's a Merrick oil company? as in
The Merrick oil company Frontera has issued a statement.
Maybe that's what the delays are all about.
Georgia Dream are likely to lose the election, FRR would deal with a more favourable regime.
Not going to happen though - Arbitration will come first.
Yes FG - in a fair world........ but yes life isn't fair......but........
In an arbitration tribunal, one from each side and an impartial.........
Surely, surely, surely an impartial person would chuck a bone or two to the side who had spent the money, taken all the risks and created an asset worth arbitrating on, even if they had not followed the rules completely.
GOGC can point to rule breaking and spending huge amounts of money achieving bog all.
But FRR can point to geological problems, application of new technologies, political opposition to name but a few issues.
But the box is not empty, even KK the windpower exponent wants to dirty his hands with OUR oil. But he wants to abide by the arbitration decision?? Does he know the answer - I hope not.
So many questions
Yet another reason why the arbitration should not be a complete wipe out of FRR.
Let's hope our man puts these points across VERY FORCIBLY!
Without the shareholder's support there wouldn't be anything to arbitrate about. Don't you think it's fair to give them their money back, plus some for taking all the risks?
Hope you are right Bezzy.
This is only the second time in 7 years I have had real doubts.
Good luck as ever to all LTH and up-yer-bum to all shorters.
Ps KK bent as a bottle of chips!!
Did someone say something very poignant earlier on?
Hence the diatribe to move that point out of the current page?
Maybe in another 20 years. Even then the Moldovan's might pinch the assets.
Wonder where that idea will come from?
1 million gel
265 thousand quid
Profit on 5 thousand barrels.
Couple of days production.
Must have a tactical reason for not paying them.
80 employees 3 grand each
Bizarre
Good stuff tonight. A bit of banter between you and a non believer.
Are you back in the fold? Never been away? Or just passing through?
Plenty of interest here for a while. Stick around
I still think that the real court case has not been started.
We must have hired Palantir - experts in dodgy share dealing for a reason.
All this posturing, delaying etc is while the dodgy deals are unravelled.
The silence has been ordered by Palantir.
The only question in my mind - "why the ZZ interviews in the autumn 2019" - silence is golden.
Unless they revealed nothing about happenings in 2018 - which I thought they did.
FG - how can you be bored now? This is the most exciting this share has been for months. 150 plus posts of lively debate.
New facts being uncovered by super sleuths on a daily basis.
American Congressmen standing shoulder to shoulder with us while Georgian politicians defend their actions.
The battle between good and evil.
And as tsbs points out, the constant pendulum swings between euphoria and despair.