Frontera Share Discussion Threads

[loglorry1] 01/11/2017 09:46

@tickboo have you ever been in an oil company where the license has gone to arbitration. In any case I'm not exactly sure what rights you think FRR have. Clearly there is an explo/development phase defined in the PSC. We've seen the summary of this. There may well be certain targets that FRR have to meet to get the 5 year extension in a couple of weeks time. We don't know what those targets are but given the lack of progress on the block I doubt they have been met.

If someone else wants the block then I expect the MoE would be able to take at least most of it back from FRR.

[tickboo] 01/11/2017 09:43

Tim/log, the MMs won't have an idea, it may well be YA getting rid of some more as we're in November. Sure it would go to arbitration anyway. You're scaremongering again. You said on lse it would get extended.

[yourwrong] 01/11/2017 09:28

51%

49%

[loglorry1] 01/11/2017 09:26

I keep waiting. UD2 was supposed to have results by now. It's supposed to be a simple 500K workover and a flow test. How long can that take? Now its two weeks before we hear any result. That means no ops update before the AGM as you say. Can't have much of an update on Dino2 etc. either as they've hardly started there.

This will drag on and on in the same way it has for years.

Zaza has some balls though I'll give him that. After spending $400M of investors money getting nowhere then standing up and saying that he expects to prove up 5.8TCF from a $500K workover of an old Russian well that they've already half tested two years ago.

[tickboo] 01/11/2017 09:18

They're most likely to have 10 years left. Anyway, this is boring as we're going around in circles. Wait for the ops update before the AGM.

[loglorry1] 01/11/2017 09:17

In profit now on UKOG it's down from 8p+.

Current oil production is minimal. A couple of low cost side tracks and a bit of stimulation wont make much difference.

Loads of debt to replay and more capital raises on the horizon as Zaza said.

All that and obviously host gov relations are now good and license expires 2022 at beat and possible in 2 weeks at worst. Why is Zaza dodging the PSC question.

[tickboo] 01/11/2017 09:12

No mate, I just don't like people sitting behind anonymity being mouthy.

I believe you got burnt on a UKOG short.

The oil play which is funded for FRR should create a lot of value, that seems safe. Clearly the gas seem to be more contentious with the MOE and other interests but I assume they'll be some agreement reached. FRR got burnt in Azer and they won't want it to happen again.

[letmepass] 01/11/2017 09:00

Below bid price.. ONL about to go

[loglorry1] 01/11/2017 08:45

Tickboo have you been drinking again?

Penny bounce at ukog not a concern. Show me some oil flows not just talk and videos of jugs of oil on youtube.

[tickboo] 01/11/2017 08:45

They actually have a cost recovery pool so 100% to FRR for the moment. I think the Georgians are saying it's only oil but FRr believe it includes gas. Surely an ops and business update before the AGM.

[yourwrong] 01/11/2017 08:45

IS IT CLEAR?

OBVIOUSLY THAT'S JUST REGARDING BLOCK 12

[yourwrong] 01/11/2017 08:40

THAT'S WHY THE PROLONGED WAIT IN GETTING THE GAS AND OIL OUT.

EVERY BARREL OF OIL EXTRACTED OR EVERY CUBIC F. OF GAS 49% GOES IN THE TILL.

51% GOES TO TBILISI.

[tickboo] 01/11/2017 08:36

Log, how'd your ukog short go?!

[atino] 01/11/2017 08:34

Bloody hell...and “My Atino” is missing this !! 🤦‍a94;️

And all because that “UKOG share” ! 🙄

[loglorry1] 01/11/2017 08:26

Tickboo because FRR has asked congress to help cos Georgians are about to kick them out maybe? Perhaps Zaza and Dros showed them the CPR and money spent to date?

I can't imagine a congressman knows much more about a CPR than the mugs buying here.

OIP numbers mean nothing if oil and gas cant be economically recovered which clearly they cannot be after 20 years and $400m of trying.

[joe king1] 01/11/2017 08:18

You have to laff and the post about the meeting in london

The rampers giving tough talk on lse. "I'll look the Bod in the eye and ask them this that and the other."

Well, the BoD will just tell them what they want to hear but FRR is soon be history anyway.

[dodge city] 01/11/2017 08:17

Joe king - LSE is inhabited by the lowest scum on the planet.

[joe king1] 01/11/2017 08:15

lse website full of deluded rampers.

Head in the sand, they know the game is almost over and their investment will be lost.

[loglorry1] 01/11/2017 08:14

Down again at the open.

Nit surprising really given that interview at 121. Im amazed anyone gives him any credibility.

With a 500K workover he says he can prive up 5TCF but hey we firgot to do that with the other $400M of inveators money.

Only mugs would believe that.