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Share Name Share Symbol Market Type Share ISIN Share Description
Frontera Resources Corporation LSE:FRR London Ordinary Share KYG368131069 ORD SHS USD0.00004 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.02p +5.88% 0.36p 0.35p 0.37p 0.375p 0.345p 0.365p 60,664,230 16:15:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.9 -13.3 -0.1 - 56.78

Frontera Share Discussion Threads

Showing 44026 to 44046 of 44050 messages
Chat Pages: 1762  1761  1760  1759  1758  1757  1756  1755  1754  1753  1752  1751  Older
DateSubjectAuthorDiscuss
12/12/2018
22:13
According to you soggy we are not earning hmmmm I wonder where the 150k will come from? Placing imminent was another wshak had seen the emails that was never produce on here.. I do wonder what your all about but each to there own.
jayrh
12/12/2018
19:34
Loggy, On the move fella so can't respond in full. I certainly don't know of any AIM companies with a potential top ten gas field resource that's for sure. Good luck with the vote and your soft Brexit. Toot toot...3 trading days to go.
thefozzer
12/12/2018
19:22
Oh dear @fozzy I was hoping you'd like what Zac had to say and find it helpful. When you were doing your research did you find any other E&P companies who were able to borrow money from lenders (esp large sums like $60m) when they had been in any of the situations below a) in a license dispute with their host government b) had restructured debt already c) had no booked reserves d) were refusing to release production volumes to the market e) had almost no cash on the balance sheet. f) negative net assets if $32m more than half the amount to be borrowed. g) were using the proceeds to repay a prior lender who had claimed they had defaulted. I've also never seen a $150,000 fee just to draw up a potential term sheet and it's normal that the lenders if reputable are named.
loglorry1
12/12/2018
18:13
Loggy, I actually do my own research using my own resources. Plenty of outlandish assumptions and bias in that article, almost like they have an agenda eh? Keep on truckin fella...toot toot 3 days Loggy...tick tock tick tock ;-)
thefozzer
12/12/2018
18:10
PMSL :_))) Top Oil Analyst eh? Strange that if you follow this link you will see how often Zac Phillips has been trundled out to support the ShareMuppets shorting campaigns:hxxps://www.shareprophets.com/index.php?q=zac+phillips&s=search He's either on the payroll or part of the shorting cabal imo. I see they have gone into overdrive today just when the FCA are looking into them. You couldn't make it up!
the skipper
12/12/2018
18:06
Tap tap tap. I Can hear the nails going in slowly but surely. This time next year Rodney.
ngms27
12/12/2018
17:52
@fozzy we are gloating not flapping. This is turning out very well for the bears. Since you asked so nicely here is what share price Angel's Top Oil Analyst has to say (-; Pay no attention though best to stick with what some random on LSE says. Frontera Resources (0.36p) – A Fool and their Money: The announcement that funding might have been secured, or at least an LOI has been entered in to is nothing short of a miracle for this company, especially when they have been so deficient in their approach to their asset base. It even took BakerHughes to point out to this management team what it had to do to test its assets to secure vendor financing. While it is not possible to know to what extent this LOI is based on an expectation of completion, we find it curious that any lender would consider a 5-year loan in to an inadequately tested asset base, with an inadequate Management that has a track record of trying to wriggle out of its legal obligation to repay its previous creditors. Given the stages that a competent lender will have to go through to clear its credit committee, we believe that the Company will need to raise at least $3mm to pay for it, and will demand, at the least, a: (i) development plan, which needs to be state approved under the terms of the PSC; (ii) CPR to provide a valuation basis for the TLVs; (iii) flow assurance; (iii) title; and (iv) litigation clearance. This programme is likely to take at least 4 – 6 months, especially as the company still appears to be at odds with the Georgian Oil and Gas Corporation and the Georgian State Agency of Oil and Gas over Block 12. Even then, it may not even complete. Lending can only really be against development (opposed to appraisal), and the company is yet to confirm that the Ministry of Energy has been satisfied that work outlined in the Ministry’s statement on the 12th of July (2017) that “…The technical and economic feasibility of these targets has yet to be determined and requires further work which will necessitate significant investment…221; has been satisfied. If it has, why hasn’t the CPR been produced to confirm the reserves and the declaration of commerciality been announced? This all supposes that lender can get comfortable that if the Company has to enforce a security package, that the Georgian Government will approve it, as it has the right to do under Article 22 (Transfer of the rights and obligations to other persons by the investors) of the General Provisions of the Georgian Oil & Gas law (1999). If it does, such is the paucity of management, its poor attention to its asset base, that we think it merely delays the day of reckoning for the Company’s demise. Add to that, the margin of the resulting loan, and we believe that this will be the final nail in the coffin for the whole company, just driven in slowly and fully. So, given all of that, we do not see that management can, in all honesty, say that this will be a good deal for the Company, or its shareholders if they are discharging their fiduciary duty fully. They say a fool and their money are easily parted, but we struggle to believe that anybody is $60,000,000 foolish
loglorry1
12/12/2018
17:45
Loggy, right on cue, well this announcement certainly has put the bears in a tail spin. Lots and lots of flapping on twitter, bunch of big Sals. More to come this month I think.
thefozzer
12/12/2018
17:41
Wshak, Did I read correctly on Twitter? did you post Outrider were suing FRR? Where an earth did you get this from??? Not more emails I hope? I don't do click bait and I won't be clicking on any share price links to increase their page hits. I'm well aware of the risks being an FRR investor and despite all the challenges Zaza and Steve keep pushing on. Does make you wonder doesn't it, friends in high places perhaps? $60m possible coming FRR's way, now that would be a nice signal to the market. 3 more trading days till the 18th... Tick tock tick tock . . . .
thefozzer
12/12/2018
17:34
He's back like a bad rash. Some never learn gl
jayrh
12/12/2018
17:14
@fozzy just for you would you like to hear what share price Angels Top Oil Analyst Phillips has to say in today's announcement?
loglorry1
12/12/2018
15:48
Mate, I thought we were bust 3 months ago? Or was it 4 or 5? Pick a number eh?Such educated drivel....
spqstrader
12/12/2018
14:43
Oh right so that's the "someones" logic for FRR losing the case against Hope? Fascinating stuff Loggy.
thefozzer
12/12/2018
14:26
They got paid $150,000. Easy money. I note FRR don't say who this mystery potential lender is. ----------- Why is a US fund potentially lending FRR $60m a clear sign FRR will lose against Outrider.
loglorry1
12/12/2018
13:33
Someone said to me today "I dont think we will get any clearer sign than todays RNS that FRR will lose against Outrider." ______________________________________________________________________________ Loggy, come on lad, fess up. Why is a US fund potentially lending FRR $60m a clear sign FRR will lose against Outrider. Will this "someone" that's been tickling your belly give you a refund if you lose money on any short positions you have against FRR? Toot toot bro.
thefozzer
12/12/2018
13:01
Just to add Loggy, which US Fund manager would lend FRR $60m if the company had no means of paying back the loan? The market is missing a trick here. The fund manager is planning to visit Georgia and see the magic for himself. "The completion of the Transaction and the entry into definitive agreements is subject to successful completion of due diligence and field survey to be undertaken by the lenders." It's nearly over Loggy, please stick around bro. Toot toot.
thefozzer
12/12/2018
12:49
Someone said to me today "I dont think we will get any clearer sign than todays RNS that FRR will lose against Outrider." __________________________________________________________________________________ You and EB been tweeting each other? Not sure how you reach that conclusion from today's RNS Loggy? Care to elaborate? I don't know how the court case will play out, the market should get an indication in 3 trading days though. Keep on trucking bro. Toot toot.
thefozzer
12/12/2018
12:44
Guys, I do think loggy has lost the plot with his last post....It's not even worth responding to, I'm afraid.I'm not going to have any further debate with him until he starts to talk sense and have a balanced opinion. I suggest fozzy and others do the same.....Someone said to me today, "this RNS is the clearest sign that FRR have released an RNS today."I tend to agree....
spqstrader
12/12/2018
12:21
Well @fozzy if all they had to do was borrow $60m and drill 8 wells why has it taken Outrider to threaten taking the assets to get them to approach a lender? Someone said to me today "I dont think we will get any clearer sign than todays RNS that FRR will lose against Outrider." I tend to agree.
loglorry1
12/12/2018
11:57
Loggy, how many Zone 19+ T wells will $25m get you? I'll do the math for you. At least 8 new wells. I'll now take a leap of faith now and assume each deep T well will do 250bopd. 8 wells drilled in 2019 by BH is 2000bopd, 2000bopd x $50 a pop = 100k a day or $36m pa. $36m pa seems enough to pay for new wells and pay off $45m debt in 5 years. I say we'll get an update on Outrider next week. Toot toot.
thefozzer
12/12/2018
11:46
"What’s happened to the arbritration with the Georgian govt that your mate TW was banging on about?" Still ongoing. Did you notice that Zaza got caught telling porkies about that one at the shareholder meeting and the NOMAD forced an RNS to clear that up. ___________________________________________________________________________________ I've noticed that sweet FA has happened on the arbitration front Loggy. What's it been now? A year? Keep on truckin bro...toot toot.
thefozzer
Chat Pages: 1762  1761  1760  1759  1758  1757  1756  1755  1754  1753  1752  1751  Older
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