Frontera Share Discussion Threads

[loglorry1] 25/10/2017 12:23

tickboo they have deleted old RNSs for the same reason they rebranded the UD-2 well and renamed it. They are trying to leave the past behind them for obvious reasons. I see no real reason to believe FRR is any different that it has ever been. Just the next lot of mugs getting suckered in to buy shares.

[tickboo] 25/10/2017 11:34

Hi Bullet! Hope you're well mate, as well as you can be ;) All good with me, I work full time so can't always post.

A decent post from mole on lse, I've been asking the same questions as to why they haven't concentrated on revenue/production rather than spreading themselves too thin, SN has to take the blame.

Personally, and while not wishing to disagree with Zaza I really can't see one well proving up 5tcf. UD2 is working on the footwall area which is 1tcf at best. We also have no CPR that could be used to book reserves for the gas.
Now what it would do is prove that the geology in which the full 5TCF and much more has the potential for high volumes. That is why they are planning 3d seismic in 2018 and CPR in 2018 I would guess post the 3d.

I was re-reading a lot of old RNS yesterday particularly to find more about V18 - which along with V3 I would have down as the next gas well. Now that is a bit north of UD2 location and into another of the plays split out in the 2015 mini CPR and shown in the 2015 AGM presentation. Also while reading I noticed that the original gas pipeline got some funding from somewhere but the source was never disclosed.

The depressing bit reading the old RNS is that we are effectively now at the point we were in 2010 but with a bit more knowledge! The historic oil and gas flows from the cash invested has been very poor (hence people like AIm-higher on-going scepticism). The other interesting bit reading back is the change that occurred when the company lost its institutional backers and were forced to go to YA, management loans and private investors for funds (at the same time oil and global markets were in turmoil). The reason some key institutions backed away was clearly a disagreement over the cost to production profile of the fields at that time.

Now we find our-self in 2017 and they are finally going to do two proper deep zone wells in taribani and the gas wells as a bonus. Why it has taken 7 years to get to this point when Dino has been flowing from zone 9 since 2008 will be an on-going mystery to me. When you read the RNS they have spent too much time on the different plays without concentrating attention on any one to deliver a decisive result and that has been the real problem in my opinion over the past few years. Focus on deeper producing and revenue generating zones is what I want to keep hearing about.

We have also now lost off the website a lot of older RNS information pre 2005. I will ask about that at the AGM if I see Nick M there.

[bumpa33] 25/10/2017 11:05

Bullet - ever thought about seeking help?

[bullet ant] 24/10/2017 21:21

OOPS DOUBLE POST

[bullet ant] 24/10/2017 21:20

BUMMER33

HOW HOW MANY TIMES UR BOYFRIEND BUMMED YOU LAST NIGHT AND HOW MANY TIMES HE CAME IN YOUR ASS.

[cudmore] 24/10/2017 20:51

Oh yeah Dodge.....like the others over the past few days that were buys!

[jscapper] 24/10/2017 20:20

Think it was a sell from 20th

[cudmore] 24/10/2017 19:54

After close 20m purchase......that's confidence for you! Someone knows something. Expect to see these open up in the morning imho.

[loglorry1] 24/10/2017 15:08

OK tickboo fair enough. I know of at least two other people who have trusted FRR management in the past. They are very good at telling people what they want to hear but as yet have never delivered. I guess you are a trusting type to average down but so far its been a good move for you.

[tickboo] 24/10/2017 14:26

Yep, I have several million and averaged down (gambled!) from June last year. It was reassuring to meet Zaza and I have full confidence in him. Lots of questions remain but I hope the AGM or RNSs beforehand will justifying the leap of faith.

[loglorry1] 24/10/2017 14:20

Nah not much tickboo, just watching closely for now. How long are you? You spend a long time here too so I assume you have a big long position?

[tickboo] 24/10/2017 14:12

Log how short are you? A lot I hope to justify the time you spend on here!

[dodge city] 24/10/2017 14:03

Pain is good for the soul and character building.

[kaisersuzae] 24/10/2017 14:02

News tomorrow coming ;)

[loglorry1] 24/10/2017 14:02

I'm amazed that the bulls are long here when they say that UD-2 is extremely high risk and if it doesn't come off the shares will retreat to 0.1p. Extremely high risk sounds like 95%+ to me so they are really saying they're happy to take an 80% loss with odds at 95% of it happening?

Oh well each to their own I suppose!

[mick1909] 24/10/2017 13:48

Id say between 0.2p to 0.3p then back to around 0.6p to 1p of succesfull oil flows as the infrastructure is all there and can cope upto 10,000 bpd

[dodge city] 24/10/2017 13:33

So it could go down to 0.1p and then go back up to 0.5p

[tickboo] 24/10/2017 13:30

And cheers ccr1958

[tickboo] 24/10/2017 13:30

Spot on mick and the oil play kicks off in Nov. If ud-2 doesn't work Zaza will look like he's another SN so here's hoping confidence is justified.

[mick1909] 24/10/2017 13:23

Then the share plummets but the oil campaign if succesful will bring it back up again