Frontera Share Discussion Threads

[tickboo] 15/11/2017 13:43

Tot on iiiGreat retrospective there Devex. Sometimes it's necessary to look over your shoulder before moving forward and the reminder is very timely.I think what is also happening here is that Zaza is making sure that all uncertainties are being removed before unleashing the beast that is Ud2. In doing that he is positioning the company for a proper re-rating on good well results in the knowledge that it will be able to get that gas to market as soon as UD 2 has been hooked up to the processing plant. When well results are issued I now expect to see something about the timing of the mini pipeline that will hook the well up to the MK processing plant, thus removing another uncertainty. Then we have the three well Taribani campaign to look forward to in pretty short order, so plenty to keep shareholders interested and on board, regardless of what might be happening behind the scenes with regard to a JV. Some might chose to gamble and sell out on any Ud2 spike, but then they risk being out if JV news arrives on the back of a transformational well result, so I am thinking that Zaza is playing this perfectly to ensure that we have sustainable share price growth here and he has my full backing for that.Stand by for the beast to be unleashed.....Tot

[kidknocked] 15/11/2017 13:36

Tim, I shorted CTAG, heavily.

And what name calling are you referring to?

Just pointing out you 'forgot' the last and important context line on an RNS.

I'm correct then, no need for a response.

[loglorry1] 15/11/2017 13:32

I think tickboo has made this point already but I don't see it the way he says. Clearly the 10/10 RNS was meant to give investors the idea that things were progressing nicely re Dino-2. However much later we found out negotiations were still underway even though drilling was about to start. Even later now we find out that long lead items have led to a delay until next year.

Notice a similar pattern?

Don't bother with all the name calling it makes you look stupid. Mind you you did buy CTAG!

[kidknocked] 15/11/2017 13:27

Tim re 1). Heres where you were found out by Tickboo from his post from 3rd November. Please don't treat me like I'm a fool:

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.

[tickboo] 15/11/2017 13:27

SB on iii -Been away for most of day so only now catching up news and views. So, firstly, what a great RNS, even if the Market fails to recognise the importance of it with a little uplift in the share price but make no mistake about it, it's another massive piece put down developing picture/story. Is this linked to a farmout? Well, if it isn't, it a massive comfort to the partner that the Govt will not become obstructive or difficult, at least for 5-yrs. Plus this combined with the already secured Govt ok to connect Ud to the national grid, shows strong support. Anyway for the long termers, they will recall the issue and headaches and delays it took back in 2014 just to extract the transportation license out of the MoE when FRR built the processing plant at MK. So, 100% agree with Devex's observations that the MoE is completely on board now after Ted Poe kicked some aaaassss via the US Congress Resolution. Incidentally I was watching him on CNN yesterday questioning GA Session so he clearly doesn't care about reputations (a real hard nosed barstewardd and on the straight and narrow kind of guy). And what about Ud testing? Well, again positive news that 'extensive' and not 'extended' testing is continuing (notice the subtle change in words? Have a look at the 2nd Oct RNS and there it says 'extended'. So, 'extensive' echoes Zaza's feedback from the AGM that there more zone to perforate and test. Again the Market have not picked this up, but this clearly means there is a lot more gas and this combined with previously started well pressure, we can only hope for massive flows.As usual, just my thoughts...

[bumpa33] 15/11/2017 13:11

I can’t see anything in the string of RNS’s other than an attempt to keep pi’s hooked as long as possible. The law of diminishing returns might already be coming into play

Maybe the next one will be to advise they can smell the gas at Ud-2...



...leaking from the butane stove in the works canteen.

[loglorry1] 15/11/2017 12:57

@Kidknocked actually I really don't. Would it hurt you to make it explicit?

[loglorry1] 15/11/2017 12:56

Today's update by FRR says "extensive testing at Ud-2 well at the Mtsarekhevi Gas Complex is continuing as previously announced." and "which connects the Company's natural gas processing facility at Mtsarekhevi Gas Complex with Georgia's natural gas distribution grid."

How can they be testing UD-2 at the Mtsarekhevi Gas Complex which isn't near the well at all. They need a further pipeline to connected as stated

The final technical design of the 18km gas pipeline connecting the Ud-2 well with Mtsare Khevi gas processing facility (which is connected to Georgia's natural gas distribution grid) is being completed



[Edit]
I think they are using the term "Mtsare khevi Gas Complex" to be a very large region and the "Mtsare Khevi gas processing facility" is 18Km from UD2 still. Sorry for the confusion.

[kidknocked] 15/11/2017 12:53

You know precisely what I'm referring to in 1).

[loglorry1] 15/11/2017 12:50

Thanks Kidknocked

Not sure what you mean by 1)

2) No I said it was a risk because the PSC terms stated that they had to move to a production phase. I said it was likely a deal could be done though. If you look at my posts that's exactly what I said and that's what has happened. However what are the terms of this deal. We've seen it described as a "study phase" but what does it mean? Are the rest of the PSC terms in place?

3) I don't think UD2 is commercial. Why should it be? They've tested it before and went all quiet on it. It's a very old Russian well that presumably was abandoned for some reason? Despite what Zaza will tell you there are many other closer analogs which have been drilled and given up on for being sub-commercial. Why after all this time and money can FRR suddenly come up with such a hugely valuable prospect that they didn't bother spending $500K on before?

Thanks but I'll take my chances.

Log

[kidknocked] 15/11/2017 12:41

Tim,I quite surprised at the posts you've posted for this one. I'm long and short on lots of things, and your posts on CTAG in particular were very accurate. But here I've noted the following, all of which smacks of desperation:1) you only posted part of an RNS to meet your bear agenda, the last sentence clarified the rest so pretty bad form I'd say. 2) you were consistently saying the MOE would take back the assets. They clearly haven't, so this hasn't been mentioned again. 3) instead, you're now picking on UD2 flow rates, which are basically imminent. I'd close your short on this one if I were you. Thanks.

[loglorry1] 15/11/2017 10:27

@tickboo that's quite a leap. They extend license for an existing pipeline which UD2 may need to connect to and you think that means UD2 is a success? They still need to build another 18Km pipeline. It's just another nothing release to keep the hope alive I'm afraid.

If they had any positive results at UD2 they'd have released them by now.

[tickboo] 15/11/2017 10:10

A lot of drivel on lse but I like this post on iii by devex -

So two RNSs in three days – essentially telling us that government licences are being awarded in regard of both oil and gas activities. And of course saying that the current work programme is ongoing.

Given that for years the only information we ever gleaned on licences was through the likes of Bugsy on LSE this is further evidence on the fundamental change taking place, and of course the 2022 date coincides with the AGM RNS/discussion around the renewed 5 year exploration (“study”) phase. This itself encourages me greatly that behind the scenes things really have changed, and I can’t help thinking that the government restructure announced yesterday is also a part of this change.

Interesting that for the first time we have clear confirmation that of late FRR was only working against a one year licence on the existing pipeline. I go back to SN comments in late 2016 about upgrading the capacity to achieve the magic 7 million cfpd – but if you were only guaranteed a one year licence extension would you have invested to do the upgrade? Looking back the September 2016 RNS intriguingly included the sentence: “With respect to its exploration efforts in the western area of the South Kakheti Gas Complex, previously announced expectations to achieve daily gas production in excess of 7 million cubic feet per day from operations continue to be on hold due to ongoing discussions with the Ministry of Energy.”. Kind of proves my point I think

So I remain very positive here now – and bit by bit the whole thing is moving into a completely different place. Plus as U2 is mentioned, and we are now about 6 weeks into the testing work, I sense that we are quietly being advised to be a little patient. Which I am.

[tickboo] 15/11/2017 09:45

Extensive testing so I assume the licence has been given 5 years as all looks well. Maybe a monster RNS in the coming weeks.

[dodge city] 15/11/2017 09:43

They have also reiterated that an update on the testing will be made so maybe Zaza is the real deal after all.

[tickboo] 15/11/2017 09:39

That's my point dodge and it's the longest one yet so I assume testing is hopeful. A hold.

[dodge city] 15/11/2017 09:36

Interesting news today, it appears that contrary to the gossip, the Georgian authorities are being very cooperative with FRR for some reason.

Why extend the transportation license if there is no gas to transport.

[loglorry1] 15/11/2017 09:01

Why no twitter pics of the flare burning at UD2?

[bumpa33] 15/11/2017 08:48

tickboo - are you really not beginning to see through this now?

[tickboo] 15/11/2017 08:44

I think this simply illustrates the politics/red tape isn't an issue and good to hear extensive testing is still underway. Update in the next couple of weeks I assume.

[bumpa33] 15/11/2017 08:31

no, I think stupidity is the word.

Maybe greed.

Usually both.

[telbap] 15/11/2017 08:25

Bumpy......oh the irony.

[diva109] 15/11/2017 07:53

... But no Rns on April 2014 related to the the license.....

[bumpa33] 15/11/2017 07:50

...it’s the f’ing company you should be seeing right through..!

nutters ;)