Frontera Share Discussion Threads

[loglorry1] 05/11/2017 11:24

Wow that's amazing. They can predict flow rates of 20_25 scuffs without even doing a flow test. I guess 10 scuffs wasn't exciting enough.

I have no clue how they can estimate a flow rate without testing but then this is FRR after all and anything is possible.

[mick1909] 05/11/2017 10:40

Quoted js490 from lse a possibility of things to come.

[mick1909] 05/11/2017 10:39

Very interesting. Thanks for the info. So basically, it sounds to me like they're estimating to have about 5 zones, at around 4-5 MMcf/D each. So whereas their original estimate for the flow rate potential at Ud-2 was for 10-20 MMcf/d, that appears to have now been bumped up into the 20-25 MMcf/d range. If those are the rates they get, I think that would be an excellent result, and should be more than enough to demonstrate the commercial potential of the project. As far as potential valuation, here's my quick take on it: If we put aside any gas potential at Taribani, or elsewhere in Block 12, and just look at the MK area where they're currently working, they suggest that almost 6 Tcf of gas could be recoverable in this region. Perhaps a good starting place for valuing 'discovered resources' may be in the range of around $2 per barrel of oil equivalent. I base this on other sales in recent years, including working interest sell-offs of Shah Deniz by both TOTAL and Statoil. It's not completely an apples to apples comparison, since Shah Deniz is further down the road of development, but I think this is somewhat countered by Block 12 being onshore, in an arguably more favorable country for investment, plus having other wells previously drilled and able to be re-entered, and having an already well developed infrastructure in place, including both domestic and export pipelines. So all together, I think a Net Present Value (NPV) of around $2 per barrel of oil equivalent for actual discovered resources is a reasonable starting point at this time. And once these resources are further proven up as P1/P2, they would likely get an even higher valuation. 6 tcf, the current estimate of potentially recoverable gas in the MK area, is roughly equal to 1 billion barrels of oil equivalent (boe). So, at $2 per boe, that would give the MK gas an approximate current valuation of $2 Billion, which would equate to an FRR share price of roughly 10p. And again, this would just be based on the MK gas, and wouldn't include gas from Taribani or other areas of Block 12. It also wouldn't include the oil. So therefore, with successful testing at Ud-2, I could see the market begin to re-rate FRR towards an initial valuation of 10p, based solely upon the MK gas alone, ...plus whatever speculative value the market places on additional Block 12 prospective resources. just my opinion

[mick1909] 05/11/2017 10:34

Are you a member of the share prophets crew wasseem shak? Tommy winn?

[mick1909] 05/11/2017 10:32

Mine is 0.37p 10 mil Whats yours logs?

[bumpa33] 05/11/2017 10:03

Worry about your own position, not anyone else’s.

[mick1909] 05/11/2017 10:01

Or is it 0.88p the equivalent of buying 0.06p for bulls which is highly unlikely

[mick1909] 05/11/2017 10:00

Tell me your short position? At what price do you start from 0.65p?

[loglorry1] 05/11/2017 08:43

Mick can you point me to an RNS which shows the PSC issue is put to bed? Specifically what are the terms of this "study program" phase? Doesn't sound a lot like a production phase to me.

[bumpa33] 04/11/2017 23:23

shorts won’t be going anywhere just yet, things are only warming up.

[mick1909] 04/11/2017 21:57

Psc rather

[mick1909] 04/11/2017 21:56

Logman it sounds like the psa has been put to bed then your looking at something else to slander about frr just remove your short you can rest then

[loglorry1] 04/11/2017 16:59

Hold on a moment tickboo before you call me a liar. Even if you put in the extra sentence it's clear the 10th October RNS used words intended to imply that things were well underway eg they had selected the cementing services. Almost a month later we find out that they've not concluded the contracts with these companies yet. Further work has slipped at least 2 months.

You can defend Zaza all you want but it's clear to me what's going on.

How do you explain the statement he made on Tuesday at the 121 conference about November drilling at Dino only to reveal on Friday it was delayed till January. Are we supposed to think he didn't know? How about the tweet with the pictures of activities at Dino? Again just another ramp for YA to sell into.

All these RNS statements are cleverly worded to hoodwink the inexperienced. It seems to work on you.

I personally wouldn't pay any attention to what you heard at a cosy Q&A at the AGM which I note was not made public. Just like the 121 conference a few days ago he'll just tell you what you want to hear. I saw on lse folk saying the PSC extends 25 years after the start of production. Well if so why not put that in an RNS or AR. Instead we get "study program".

When Ud2 fails you'll be left with a 5 year "study program" and a pile of debt. Good luck with that.

I will agree nobody at the AGM will sell. The fact they bothered to go shows they've fallen for the rubbish. I've not looked on Lse but if I do they'll all be gushing about how wonderful it was. Go back a few AGMs similar investors said similar things they all got all but wiped out nonetheless.

[tickboo] 04/11/2017 15:31

Frontera have already done so, a field trip when Georgia played Wales as a Welsh friend went. I doubt anyone who attended yesterday will be selling any shares. A great Q&A too.

[noirua] 04/11/2017 13:58

For all that has been said about Andrew Bell of Red Rock Resources. He has taken four investors to visit the Steelmin plant in Bosnia Herzegovina that the company has an interest in:

Maybe Frontera could do the same in Georgia?

[bumpa33] 03/11/2017 21:33

tickboo - the old saying is that a leopard doesn’t change its spots. You’re bright enough I think you’ll come to realise this, hopefully sooner rather than later.

[tickboo] 03/11/2017 20:44

Selection process of contractors to provide drilling services, well logging services, cementing services and procurement services for tubulars, drilling fluids, mud and chemicals has been completed. Contract discussions are in progress and expected to be finalised by 15 October 2017.Deleting the last sentence. Short on the share but not on honesty.

[tickboo] 03/11/2017 20:41

Liar log - October 10th RNS"Selection process of contractors to provide drilling services, well logging services, cementing services and procurement services for tubulars, drilling fluids, mud and chemicals has been completed."Today"Additionally, negotiations are currently underway with drilling and cementing service providers and respective contracts are expected to be entered into shortly."Caught in yet another lie by the looks of it.Funny how you deleted the end of the RNS quote above. You're a snake. Historically FRR has been a nightmare but things can change. Fair enough you're short but pasting RNSs on here and deleting the end of a quote is Fox news-like. No respect from me. Louse.

[joe king1] 03/11/2017 20:04

FRR will be gone by end of 2018 leaving a trail of angry mug punters.

[loglorry1] 03/11/2017 18:28

Dodge that presentation was from the 121 conference on Wednesday. Obviously by Friday morning the Dino side track had slipped by 2 months. I'm sure he didn't know about the delay on Wednesday otherwise he'd be a lying c*nt and tickboo and his mates tells us that's not the case.