Frontera Share Discussion Threads

[joe king1] 06/11/2017 15:38

The deluded rampers on LSE are hilarious.

Zara tells them all what they want to hear in a room, but Zara hasn't told the market. You see where I'm going with this!!??

Expect FRR to crash real soon.

[tickboo] 06/11/2017 14:34

Shot dodge, it works both ways. People should make their own decisions and research properly. The past has been very bleak here but hopefully Zaza actually produces the goods. Time will tell.

[dodge city] 06/11/2017 14:27

or conversly if the share price rockets and they have sold they should blame the deramping scum on here.

[dodge city] 06/11/2017 14:26

The punters should blame the kind of ramping scum that exist on LSE.

[bumpa33] 06/11/2017 14:06

Zaza's £1m has long gone, if it ever actually was his in the first place. One of the oldest tricks in the book - almost guaranteed to fool novice punters.

[mick1909] 06/11/2017 13:45

Its the 6th november and logman is still burning

[contra] 06/11/2017 13:37

Loglorry - What a stupid statement.Why don't you explain it in detail for me and all the others who think you're an idiot.

[loglorry1] 06/11/2017 13:02

@tickboo where do you get this "refuses to meet Zaza" stuff from? I've not refused to meet him he's not asked to meet me. I didn't go to the AGM but then nor did thousands of investors in FRR does that mean they also "refused to meet him" ?

As I've said before I don't think Zaza's money that he put into FRR is at any risk at all. If he wants it out (assuming its still there) there are plenty of ways to get it back out again.

[mick1909] 06/11/2017 13:01

Logman you still havent told me your short position?

[ccr1958] 06/11/2017 12:58

All sells being mopped up , bodes well.... imo.

[tickboo] 06/11/2017 12:50

75% of the YA shares are gone as they have 333m of 1.3bn left, not too bad at all. I'd think most of today's 60m have already been sold. Not bad at all. Zaza is certainly keen to get YA paid off.

[loglorry1] 06/11/2017 12:38

Contra I'm positive that what you paid for your shares will turn out to be very expensive. FRR is an absolute gift but not the way you think.

[tickboo] 06/11/2017 12:36

The fact that Loglorry/Tim has refused to meet Zaza (even outside of the AGM) tells me you're barking up the wrong tree as he is short and will not want views to the contrary. Most people would meet the new CEO and ask plenty of questions. Anyway, he has put $1.5m in recently to fund ud-2 and some of the oil play so has put his money where his mouth is.

[contra] 06/11/2017 12:19

loglorry - I'm actually beginning to feel sorry for you because with your reasoning you cannot be here to make money. For myself I'm nearly 200% up on the millions I hold because I haven't been faffing about agonising about the negatives. As each day goes by the prospect of further share price rises increases. Without some positivity in your outlook you will continue to miss out. I could care less about that, but I suggest that you shouldn't.

[loglorry1] 06/11/2017 11:34

tickboo there is no point attending an AGM where the CEO states things verbally but refuses to make the same announcement through official channels. I see no point in cosy chats with Zaza where he can tell me what he thinks, or believes, or otherwise. Getting at the truth is what I'm about and going to an AGM is not going to help.

If Zaza wants to put in an RNS that there is an automatic production extension of 25 years IF they find something commercial then I'd welcome this. I can't believe there is any issue doing this if it is true it can only help FRR and its stake holders.

The CLNs were rolled over because the holders had no choice. What else could they do there was no money or assets of any value to get hold of? I can absolutely guarantee that if the holders of the CLNs thought that by taking over the Block 12 they could flog it and get their money back they would have done so. The fact they did not just goes further to show that Block 12 is not worth even a fraction of what they are owed.

As for UD-2 they were pretty much done with the work over a month ago now and not a peep on results. I know these things take time bla bla bla. Get ready for more delays.

[dodge city] 06/11/2017 11:30

The main issue here is one of trust.

[tickboo] 06/11/2017 11:28

You should have attended the AGM Tim and my understanding is that you have refused to meet Zaza, is that right?

FRR wanted to ensure none of block 12 (including the basin edge play) is taken from it and they've done so. The CLNs were rolled over and FRR have 3 years to pay them back and although it is a lot of money if ud-2 is a success it won't be an issue. In addition, the oil is lower hanging fruit and decent revenues should kick off in Q1. Anyway, you're short and I'm long so no point in going over old ground.

[loglorry1] 06/11/2017 11:12

tickboo you keep saying this but where is the evidence? There is nothing in the admission document which describes the PSC to suggest you are correct. You are making a massive assumption which is almost certainly just that - an assumption. The PSC at the outset was 20 years long. They've had plenty of time to get somewhere with it.

Furthermore Friday's RNS also stated that they have now a 5 year study period. If it were true that if this leads to commercial production then they get another 25 years why not say so?

They have spent over $400m on the license and got nowhere at all of any significance. Any sane person would conclude that the block is next to worthless.

It seems to me that far more likely this "study period" is just another excuse and directly contradicts all the stuff about going into production having unlocked the geology that Zaza has been spouting for the last few months.

Zaza has been describing FRR as a production company. It now has a 5 year study program where has the promised production gone? How do they repay the $37M of debt due? How do they fund any necessary pipelines?

The fall on Friday is only the start. Today's bounce is just a response from the rubbish that was spouted at the AGM. None of it has been made public through official channels I note.

[telbap] 06/11/2017 11:07

Tickboo......good post

[telbap] 06/11/2017 11:06

Nobull......all I can say when it comes to the integrity of CEOs and the BODs......is Volkswagen.Quite possibly the largest manufacturung company in Europe, and top 10 in the world.They are all the same, just some get lucky for longer or indeed never get found out.

[tickboo] 06/11/2017 11:04

Definitely a great stock for traders. For those LTHs who are not trading or short here's hoping we have news on ud-2 testing in the next couple of weeks. The fall on Friday was OTT. Most PSAs/PSCs will have an automatic 25 year production period once a company has declared commerciality. In FRR's case it has another 5 years (where no part of bock 12 can he taken back) to explore but any well that enters production (ud-2 by Jan 1st for arguments sake) will have a minimum of 25 years to produce from it. That's standard in such agreements. Moving from exploration to production. You don't spend all the time and money (yes a lot wasted and several tough years) in exploration to then only have a few years to monetise/produce.

[dodge city] 06/11/2017 10:43

In other words it's a great stock to trade.

[nobull] 06/11/2017 10:41

telbap, google "commodity price leverage". The oil price is at a 2 year high according to the business section of the Daily Telegraph website this morning. It is perfectly reasonable that FRR should go up (small reduction in anticipated losses has to be incorporated into the share price, if the market is to be efficient at pricing anticipated cash flows). FRR is also financially leveraged, so the effect is even greater. I doubt the market has any personal dislike of WShak, loglorry or anybody else. It just reacts to oil price changes.

If you think high share price volatility is a sign of a good company to be invested in and you are not too fussed about the difference between exploration and production licenses and you don't mind the management blurring the difference, and you don't mind long winded RNSs that describe in mind boggling detail why they fail to generate revenue, then this is obviously the stock for you. Good luck.