Frontier Res. Share Discussion Threads

[197300] 28/1/2014 22:32

Interesting! Did you see the after hours large trades?

[brokerdaw] 27/1/2014 10:17

Well the equity swap is gone. No overhang. Now it gets interesting....

[brokerdaw] 22/12/2013 22:07

Yep as soon as the licence in Namibia is extended we should hear something I would hope.

[euclid5] 22/12/2013 19:14

ok thanks

I will keep up to dsate on news from Duma Energy with their licence near ours in Namibia

I expect an appointment of an extra broker will help in either a new Broker report or selling this into institutions / fund raising - but will not need that much

expecting further news on testing in Namibia soon as last news mentioned Nov

[brokerdaw] 20/12/2013 21:05

Hi fella yes. Oman. We now have blocks to the north and north east drilling in 2014. Or at least seismic being done but Circle are fixing their drill spot. A deep well can be drilled now for $6m.

[euclid5] 20/12/2013 20:06

is that in Oman Brokerdaw?

[brokerdaw] 19/12/2013 19:20

New joint broker. Good progress. And....

[brokerdaw] 17/12/2013 20:58

Well .....

[brokerdaw] 16/12/2013 19:32

So Circle now plan to drill 2014 in block 49 and the block above us has been farmed into with 2 wells planned.

[brokerdaw] 05/12/2013 07:16

Bowleven enter Zambia.

[euclid5] 03/12/2013 13:04

yep - got some in my SIPP - feel medium long term they will come good on the oil in place figs in all 3 locations - Oman - Namibia & Zambia

Many investors have overlooked the onshore potential of oil in Namibia - overtaken by Char - TRP - HRT etc - that costs them multi millions for 1 drill - onshore is about £5m odd

[ryan83] 03/12/2013 11:30

you in this one euclid?

[euclid5] 03/12/2013 11:27

Taken from the CPR on pg 21

Two structural leads have been identified, despite very limited seismic coverage. If these, or others, are confirmed by additional seismic, traps capable of holding giant accumulations (> 500 MMSTB) could be present.

www.friplc.com/pdf/projects/CPR%20Final%20Zambia%20Namibia%20(Moyes%20Co).pd

www.friplc.com/

If anyone is interested it is worth looking at Duma Energy

hxxp://www.duma.com/news/index.php?&content_id=195

In-house resource estimates at the structural Oponono Prospect range from 235 million (P90) up to a potential 1.1 billion (P10) barrels of oil. P50 resources at Oponono Prospect are estimated at 650 million barrels of oil. Additional prospects have been identified including reefs and several structural traps.

Reservoir rock outcrop studies have indicated good lateral extent, thickness, and porosity of target reservoir facies. Porosities in the primary carbonate reservoir objective, Huttenberg Formation, exceed 36% total porosity and range from 22% - 37%.

The partnership is encouraged by the results of the initial prospect evaluation. Oil from probable carbonate sources has been detected in soil samples collected at the previously drilled and tested Etosha 5-1A well and were analyzed and identified by Weatherford Laboratories in Houston, Texas.

[euclid5] 22/11/2013 13:39

November 21, 2013
AIM Newcomer Frontier Resources International Undertakes Early Exploration Work In Namibia And Zambia
Four months on from its IPO and Frontier Resources International is starting to make progress on the ground in Africa. The AIM newcomer, which raised US$2.7 million in its July IPO, has completed an infield soil gas survey over its 1717 and 1817 blocks, which stretch for almost 19,000 sq km of the Owambo Basin of northern Namibia, and the samples are now being analysed in Houston, with final results expected back next month.
"We've collected over 800 samples and the analysis of the ratios of the different gases in the soil will give us an indication of what kind of hydrocarbon we might have," explains CEO Jack Keyes. The Houston-based oil man, best known to oilbarrel.com readers as the co-founder of Circle Oil, stresses this isn't a guarantee of oil and gas but it's another way to reduce the pre-drill uncertainty.

The next step will be to shoot seismic but Frontier will need to bring in a farm-in partner ahead of surveying because of the high costs of operating in these frontier lands. It is also discussing a collaboration with other operators in the region to help bring down the costs of mobilising a seismic crew.

First, however, the company needs to agree an extension to the current two-year license, which expires on January 19 and carried a very modest work commitment of US$250,000. This is one of the advantages to operating in these remote, untested lands: entry barriers are low, allowing small caps the opportunity to bag first mover advantage in what they hope could be the next emerging hotspot. Keyes will be meeting with the Ministry to discuss the extension and the next stage of the work programme in the coming weeks.

In Zambia, the company has finished a small land gravity survey over the 6,427 sq km Block 34 in the Kafue Trough in the south west of the country and is very encouraged by the results, which appear to indicate similar geological features to the prolific East Africa Rift System. "The sedimentary section was way thicker than we thought," says Keyes.

Again, this is very early stage exploration, with the work commitment for the initial period, which runs until March 24 2015, amounting to US$500,000.
The other project in the portfolio is Block 38 in Oman, where progress has been glacially slow with a two year wait to get permitting and paperwork signed off as the turmoil of the Arab Spring created uncertainty and delay. Block 38 covers 17,425 sq km in the Dhofar Region of south-west Oman. Frontier has hired BGP Inc, the US subsidiary of the China National Petroleum Corporation, to re-process the vintage 2D seismic data sets acquired by previous operators, including Phillips Petroleum, BP, PDO and Sinopec. This work will help optimise planning for a 3D seismic survey, which should then define locations for drilling.

Undertaking this work, however, will require more money than is currently available to the small cap – the first three years under the PSA, which was signed in September 2012, commits the company to a minimum US$20 million exploration spend. While financially the company is "good for now", with just over US$1 million in the bank at the end of September, Frontier is likely to go back to the market in mid-2014 to raise more funds to help deliver its seismic and drilling ambitions in Oman.

And it is also scouting for new opportunities to add to the portfolio. "It took us two years in Oman from putting in the application and if that was the only deal we had, we would have been sat twiddling our thumbs," said Keyes. "We need to have other opportunities bubbling along so we're not reliant on just one thing." The focus, however, will be firmly on Africa and the Middle East.

oilbarrel.com/news/aim-newcomer-frontier-resources-international-undertakes-early-exploration-work-in-namibia-and-zambia

[euclid5] 23/10/2013 13:35

sorry was meant to say 500,000 shares pm

[brokerdaw] 23/10/2013 13:21

500,000 shares per month for 15 mths. Not £500k. In return they pay £33,333 per month. I knew it was not £500k per month! Anyway, onwards.

[brokerdaw] 23/10/2013 13:05

500k per month I may add.

[brokerdaw] 23/10/2013 12:59

500k from a Seda agreement ? I do not believe seeing an RNS or Financial report with this on ?

[euclid5] 23/10/2013 12:45

yes but as the CPR says - NPV value can't be determined as the Capex is high - don't forget we have YA Global getting 500k shares pm from their SEDA agreement - but they do own 8m from the IPO & agreed not to short shares

[brokerdaw] 23/10/2013 12:43

The order of duty is Oman, Zambia and then Namibia imho. As for farming out Oman, that may not be the plan some may say. And with a chance of success the CPR has,source rock allowing, I do not blame them. It's going to be one hell of a ride.