Re: rapid

By onedb1
Fri, 24 May 2013 12:36:00 GMT

All very funny :-)) that buy rec :-)))

We should create a 'fools' club or 'flower ripping hailstorm' one . Some posts were legendary .

0.2p by Friday etc etc !! Real soap box stuff .

Back to work. Plenty to trade and watch out for.
By onedb1

Re: AGM 6/06/13

By Symore Bottoms
Fri, 24 May 2013 12:25:00 GMT

Just want to make a few more observations: when SN met the Georgian PM on the 18th March, he clearly stated that FRR intended to make further investment in the Geargian economy. We know that the company does not generate enough cash flows to make this investment. Does this mean he has finally secured finances to drill the 4 wells for Taribani field. I would say yes and this is based 2 key bits of information. One, the debt markets are more liquid (I have seen a number of small oil companies secure finance like Leni O&G and indeed Blake) and two, Jindal hitting oil probably improved sentiment towards Georgia. We also had a very high peofile GIOGI conference. If the gas is Hooked up, then FRR should be able to get the debt facility as the cash flow will be available to service this debt. We have also waited a long time for any meaningful update so let's hope this is the 'real deal'. But I am more encouraged that the company has not waited until the last minute (I.e 28th June) to give us an update - it means they have some concrete news! Could there be some JV news too? Let's hope so. Can SN finally become a Staint from a sinner, you'll find out in 10 days time! By Symore Bottoms

rapid

By wulwirth
Fri, 24 May 2013 11:35:00 GMT

Certainly is rapid in public profile, department near rock....

By wulwirth

Re: AGM 6/06/13

By arberry123
Fri, 24 May 2013 10:45:00 GMT

Where should we bury it? By arberry123

Re: AGM 6/06/13

By the old trout
Fri, 24 May 2013 10:40:00 GMT

Greetings from a rain sodden France, where we have just been told that we will not be able to start our canal trip until at least Monday, owing to flooding :-( Great to see something positive emerging from the company at last anyway and the comedy show continuing on this board.

Now, given that FRR are registered in the Cayman islands I would not expect them to hold the AGM in the UK but given that this is the only place the shares are listed I would expect them to provide UK shareholders with equal access to the AGM through a webcast, so maybe someone could ask that question of Liz, or Buchanan as I have very limited internet access? In my experience, its not the presentation that really matters at an AGM, but the body language and answers to questions, so why should we be disadvantaged?

GLA, and let's bury the hatchet with RR now he's had his Damascene conversion, eh?

Tot By the old trout

Re: AGM 6/06/13

By arberry123
Fri, 24 May 2013 08:54:00 GMT

I sense a retrace RR? What a joke that fool is. His description of all of us, not mine. By arberry123

Re: AGM 6/06/13

By Saint Peter25
Fri, 24 May 2013 08:48:00 GMT

Having just fainted and regained consciousness from the Rapid Ranger curve ball of a BUY rec, I like Symore think that this could be quite significant.

The drill bit must be working well sifting all the sediment out, weather looking good, geology flattened out, BP as the farm in partner and Georgian virgins throwing themselves at FRR and it's many long suffering investors!

Sigh.

Long and strong to steal anothers phrase! (Tot needs to go on holiday more often!)

Regards,

SP25 By Saint Peter25

Re: AGM 6/06/13

By dannoC
Fri, 24 May 2013 08:26:00 GMT

Whobuys,
You leave the Fokker alone.
While he's on side!
GLA
Danno By dannoC

Re: AGM 6/06/13

By whobuys
Fri, 24 May 2013 07:59:00 GMT

so they are updating the market rapid - does that mean the dirty oil & bad weather has cleared up ? By whobuys

Re: AGM 6/06/13

By killermanjarrow
Fri, 24 May 2013 07:58:00 GMT

Surely they'll give us an update on the 8km pipeline. If the presentation shows it's on track or even ahead of schedule then I can see us pushing past 1p.

(RR's buy rec made me laugh!) By killermanjarrow

Re: AGM 6/06/13

By willurq
Fri, 24 May 2013 07:34:00 GMT

and the sp seems to be responding positively this morning, SB By willurq

Re: AGM 6/06/13

By rapid ranger
Fri, 24 May 2013 07:31:00 GMT

After to day's startling announcement of an update next week, what ever the future holds long term, this is now a stonking short term 'BUY' after today's RNS
By rapid ranger

AGM 6/06/13

By Symore Bottoms
Fri, 24 May 2013 07:14:00 GMT

Interesting comments about the upcoming AGM. Normally, a company typically just says that an AGM will be held on so and so and to pass the resolutions like electing Directors etc.

AGMs are rarely used to provide updates as Stock Market regulations clearly state that if a company is in possession of material news, this must be communicated immediately to shareholders. But we know from FRR likes to do things differently. So what's my take here? Well, firstly i was surprised that they decided to hold this in Texas when we are now only UK listed company. But you could argue that the majority shareholders in % terms are in the US. Apart from this, i pleased with what they said about the purpose of the AGM, which was to update shareholders on the progress of 2012 and 2013 business plan. So there must be some update otherwise why mention the 'update and business plan' in the same sentence. And if you link this to the March's RNS when they mentioned the V18 well, i think the focus could well be on the gas development.

As ever with FRR, you are left to read between the lines but at least we know news of some type will be out in the next 10 days. Other area of development could be securing some finance for the Taribani field.

Not long to wait my little FRRs. By Symore Bottoms

Fracking

By Saint Peter25
Wed, 22 May 2013 08:55:00 GMT

Good morning,

Rapid, I direct this to you particularly this morning.

Having re-read the reports for FRR which you so kindly suggested last night I thought I would highlight a few points for you and everyone else.
Firstly the problems encountered by FRR with the three well in the Mirzaani field was interesting. Yes you are right with sediment being a big problem on the first well. A problem with the second but not on the 3rd. It does seem trial and error in a way. But they were learning as they were going and they also found very unexpected pressures down in the wells.
The geology of block 12 does make for complicated drilling. But then there are very few easy fields where the geology is simple these days.
I would also like to point out that the dangers you keep going on about were from 2003 - 2005. That is 8 years ago. Fracking back then was pretty crude compared to the technology today. Drilling in sediment heavy fields has also improved no end thanks to the Russians and partners who have had to find new industrious ways to get oil out of the ground. A lot has happened in the last 8 years!!
Granted this technology does not come cheap. That's where the gas sales come into play. The cash generation will enable the development of the oil fields. Importantly though FRR need to employ competent drillers, quality equipment so they are able to maintain well integrity.
The key and I do stress this, the key to all of FRR and its future success is unlocking the value of the gas. Cash is king here. If there are delays to the gas sales then yes we will be back very swiftly to >0.50 if not then 1.3p will be a cert.

I doubt this will help you but it did for me. So many thanks in suggesting I re-read the report it was very interesting.

Regards,

SP25 By Saint Peter25

Re: Charts

By HopeCity
Tue, 21 May 2013 11:26:00 GMT

RR, try and stick to the debate and not character name calling, do not call me a fool, understood?

I always listen to both sides of an argument, I have researched and taken on board what the more informed on here have to say, and I too have read your posts.

Here's my dilemma, do I believe and follow the more informed, who are invested here, or do I follow you, you are not invested, you sold out at .008, so if you're out, why are you back on here and posting negativity? Surely at some point you saw value in this company?

Let me pose a very simply question, if the sp dropped to .005 today, would you buy back? if yes, why?

By HopeCity