Courtesy of taffy from the LSE BB…
”Preliminary Injunction DeniedToday 02:47Full docket text for document 40:
Minute Entry for proceedings held before Judge Richard Seeborg: Motion Hearing held on 6/6/2019 re  MOTION for Preliminary Injunction and Supplemental Memorandum of Points and Authorities filed by Frontera International Corporation, Frontera Resources Corporation. Plaintiff may file a brief regarding monetary sanctions by 6/14/19. Preliminary Injunction Denied. Court to issue an order.
Total Time in Court: 1 hour. Court Reporter: Jo Ann Bryce.
Plaintiff Attorney: William DeClercq.
Defendant Attorney: Gregg Ficks, John Cornwell, Ross Parker.
(This is a text-only entry generated by the court. There is no document associated with this entry.) (cl, COURT STAFF) (Date Filed: 6/6/2019) Modified on 6/6/2019 (cl, COURT STAFF).”
Not completely surprised with the above decision, as liquidation proceedings have already started in the Cayman’s (different jurisdiction) and only relates to Frontera Resources Caucuses. But still not the news we wanted to read. So, they spent around 1hr discussing, let see the full court comments especially concerning “…Supplemental Memorandum of Points and Authorities …and Plaintiff may file a brief regarding monetary sanctions by 6/14/19.”
Still think they have a strong case on ‘breach of fiduciary duties’ and remember this is what the case is about. So does the submission on ‘monetary sanction’ imply a strong case as the Judge given the nod on that? In the meantime, I assume the liquidation process continues concerning FRCC. So what will come first, decision on this court case or liquidators trying to legally reverse the PSA farm-out with another entity?
Finally, a message for our friend ‘regdik’ on LSE BB…can he make some friendly calls to his ex-buddies at BP regarding the ramp up of activities in Georgia (who & why?).