|Frontera Resources Corporation
||ORD SHS USD0.00004 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Frontera Share Discussion Threads
Showing 25976 to 25997 of 26000 messages
|Nobull has a few but little faith in the Bod. A post I agree with from retire by 40 on lseThe more I think of it the more I think if we don't get an RNS re the AGM by 5pm tomorrow I think it can only mean there is something significant being worked on. Having spoken to the nomad before they are obviously pushing for their client to be compliant. If there is no RNS the nomad would've agreed to it and would only do so with good reason. Given I'm also expecting some meaty resolutions I'm sure they're keen to have some form of update alongside the notice of meeting. Anyway, I'm calm as to whether we get an RNS tomorrow or not. I'm sure when we get one it'll be worth the wait. Mr Hope and Outrider are expecting to get their notes paid, SN and Zaza have been on a PR blitz, accession to the EU Energy Community, notice of feasibility in, JV talks ongoing. A little more patience may well be required, given we seek to be in the home straight I'll cut them yet more slack and retract any predictions on the RNS date but will say it'll be worth the wait (due to the things mentioned above and more).|
|Noballs is here. Then this share must be worth a fortune.|
"when they declare commerciality with a FDP they won't need an extension."
With just 5.5 years left on the production license and starting with oil in place rather than oil reserves, why would FRR have any time to get any oil out? The cost of the capital would be astronomical, with such poor returns in prospect, and you need a lot of capital, capital FRR does not have, to convert the wrong sort of oil into the right sort.
Okay, the production license can be extended 5 years. Working at a snail's pace is a great way to cheat shareholders. Nicandros' fall back strategy not to be caught out cheating shareholders is to avoid being held properly to account (useful idiots asking anything except technical questions, use of pre-selected questions, delivery of monologues that have been over-prepared, 3000 miles of distance between shareholders and him, the time zone difference, ultra light AIM regulation). The trick is to make it seem normal to work at a snail's pace, I wonder?
P.S. I accept your argument that Nicandros damages his own wealth when diluting us, but he has ways of getting it back that we don't.|
|Nobull when they declare commerciality with a FDP they won't need an extension. They're talking to partners about different plays. The gas seems to be the most important and contentious with the Azer monopoly but accession to the EU Energy Community should help. I don't think 20+ years and lots of his own money invested Nicandros is out to lose most of the assets and I'm sure the other creditors feel the same. The court case has rubber stamped with the new notes yesterday so plenty more RNSs to come in my view.|
|"I imagine they'll book reserves to the balance sheet and the recent meetings with the Energy Ministry and PM will mean they're on board."
Won't they have to spend hundreds of millions of dollars first before the oil in place becomes reserves? Won't they need an extension on the exploration license? Why not just let Block 12, the 98% of it not in commercial production, revert to the host country, only for them to award it to mates of Ivanishvilli, who then hire some other oil company to do the work like a salaried employee rather than as risk taker?|
|Nice to see the share price rise for once on news actually generated by the company's own work. It certainly puts a dent in my theory this is just a new share selling 'business' masquerading as an oil and gas explorer/developer.
However, it is all the wrong sort of oil: oil in place is a financial liability: it requires years of work and hundreds of millions of dollars to be spent on it before it is the right sort of oil, and there is no certainty, except Mr Nicandros's word that it will become the right sort. What if the Georgian Govt. disagrees? (Look at how the Indonesians have fought tooth and nail with Churchill Mining to avoid paying out on a coal deposit discovery). I remain sceptical.
I listened to the CC and I was left with open jaw ache listening to all those circumlocutions: "Turn our efforts to undertaking this pending program" WTF? I wanted to hear goals relating to the balance sheet, acknowledgement of the past, not airy fairy stuff, all in the third person - as if nothing was the Board's fault. I cannot trust someone who calls monologues "conference calls".|
|Seems the court docket was updated last night YE the CLNs so its official as it were. More RNSs to drop. Some of the oil window sorted but plenty of plays. I imagine they'll book reserves to the balance sheet and the recent meetings with the Energy Ministry and PM will mean they're on board. Exciting times.|
|Looks like it could hit a 12 month high after that RNS.
|Fair point I was looking at the 8.38 one at around 4 million but maybe they weren't related transactions.|
|Not quite right on those figures but not too far off!|
|Not really they did well. 0.33-0.3303 and 0.36-0.363 so didn't do too badly or lose too many shares. HSBC can take up to 48 hours to set up so I'm hoping the share price comes down a little.|
|Expensive bed and isa's going on with large spread?|
|They have to have shareholder approval to both consolidate and ask for more headroom. The notice of meeting should come in the next 2 weeks' so we should know soon. SN up for re-election so there should be some carrots. You wouldn't try a hostile takeover if the assets weren't decent. Then the CLNs rolled over says the creditors are confident of getting their money.
The pumps were probably a ruse, they thought a deal would be completed by now. Who knows. The recent PR push, high level meetings tells me a deal will be announced soon.|
|I doubt they ever existed.|
|The pumps have been dumped LOL|
|No headroom at the moment but consolidation likely along with extended headroom.
They may well have a deal but more than likely there will be more dilution also. Cash must be running low, although they are doing their best to conserve it.
What happened to those pumps that were supposed to be arriving from the US. Dross changes his story every week.|
|Jaknife, balance sheet shot to pieces but CLNs rolled over so Mr Hope (new board member) os confident they'll get paid. With the recent meetings with Presidents, AC, etc I think a deal is close hence a placing is unlikely and even more so given there is no headroom. Do some research.|
|Unusual share price action and the balance sheet looks shot to pieces. Would a guess at a placing just round the corner be reasonable?|
|Dodge, did you make that comment due to the share price fall this morning? That looks like it was to fill a 7m buy order. Who knows what the notice of meeting will bring, resolutions should include Dros' re-election so one would assume they'll be some good news along with the usual jam. My bet is an RNS next week.|
|Good morning, folks.
I have just written an article on FRR elsewhere.
PS. I see nobull is till writing sensibly. I remember him from the old days ...|
|Resource stocks really coming back now, BOR has a large stake builder in the last month just taking on any sells.Results due next week, hoping for a CHAR style response. Cash rich and proven discovery for £20m market cap.|
|£200m debt?! That's false. CLNs and RPNs are less than £50m and the CLNs have been rolled over so Outrider et al are expecting to get paid. FRR will have its AGM in the coming 4 weeks or so and my bet is we'll have a deal to pass in the resolutions, assume that's why it's being delayed. SN up for re-election so some tangible results needed.|