Frontera Share Discussion Threads

[thefozzer] 09/2/2018 09:38

This is all very old news anyway. Nobody other than the uberbulls is trying to say there are any reserves. It's all prospective resource numbers right now
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Well log Jack-in-box won't shut up about the CPR so we're indulging him. Let him have his say.

I agree that we currently have no "proved reserves" on the books and good to note that neither did COVE when they were sold for well over a billion gbp.

The risk now is that T45 is a flop and conversely the reward to shareholders is that T45 is a success.

FRR have been a frustrating hold down the years but six months ago things started to change. The politics, the settlement with outrider, bringing in Dustin full time and the director massive share purchases all seemed to allow FRR to finally pull the trigger.

So where are we now? Well we're weeks away from T45 potentially transformational oil results.
I think the share price will spike way past 1p on good news. Whatever happens, I promise not to gloat and if you're short when good news is released then you have my genuine sympathy.

Attack the post and not the poster.

Opinion only.

[loglorry1] 09/2/2018 09:26

@tickboo can you point me to the page where it says NS&A "has assigned 118 million barrels of P3 reserves"

As far as I can tell whereever they use the word "reserves" they then state these are possible reserves and that under listing rules possible reserves should not be used. See page 14.

This is all very old news anyway. Nobody other than the uberbulls is trying to say there are any reserves. It's all prospective resource numbers right now.

[tickboo] 09/2/2018 09:07

From iii

JN

Thanks for the link.

This bit caught my eye.

Can't see how it supports your argument though.

The independent consulting firm of Netherland,
Sewell & Associates has assigned 118 million barrels of P3 reserves from Zones
9, 14, 15 and 19 within the field. Additionally, Netherland, Sewell &
Associates has assigned as much as 36 million barrels of unrisked resource
potential associated with five deeper horizons in the field.

[tickboo] 09/2/2018 08:38

I thought it'd go down a little more too given the other markets and how many U.K. PLCs opened after the DOW was routed a few days ago. Alas not as severe here. Lucky to buy at 0.49 and yeah sell at 0.55 at best. Am not trading, just a mug punter holding.Did someone say FRR has depleted the OIP since 2005?! The revenue suggests otherwise.

[thefozzer] 09/2/2018 08:34

Why aren't they panicking, they panicked the other day and allowed me to buy at 0.5p
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The 0.48/0.50 - 0.55 swing has been a nice mistress for some.

However, we T45 results getting closer and closer I think that particular trade may have passed. I think a stroll into the high 0 50s looks envintable.

Opinion only.

[dodge city] 09/2/2018 08:33

It's good to buy FRR for 0.5 and sell for 0.54 and then buy back again at 0.5p

I was expecting to buy back in this morning at sub 0.5p because the markets are crashing and there is mass panic.

[thefozzer] 09/2/2018 08:30

UK mkts not panicking - yet.
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No panic here bump, it feels good to hold Frontera stock. Transformational T45 results are just a few weeks away.

I've recommended this stock to my work buddies. Dustin does seem supremely confident. 300-400 bopd from T45 is a game changer and derisks the entire field.

Follow the director buys/conversions. I did.

Just an opinion.

[dodge city] 09/2/2018 08:30

Why aren't they panicking, they panicked the other day and allowed me to buy at 0.5p.

[bumpa33] 09/2/2018 08:24

UK mkts not panicking - yet.

But volumes look way down across the board.

[thefozzer] 09/2/2018 08:17

I want it to go down so I can buy in cheaper.
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I think a buy in now will net you a 100% gain in a few weeks assuming T45 comes in good.

Just an opinion

[dodge city] 09/2/2018 08:13

Someone said if the DOW goes down then Frontera goes down. Any idea why Frontera isn't down yet.

I want it to go down so I can buy in cheaper.

[thefozzer] 09/2/2018 08:11

DOW down 1000
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Do you know why it's down Dodge? It's down on the back of good economic data. The main indices are too high and need a pullback. What's important for FRR are political stability and good oil prices. Tick and tick...

Tick tock...Follow the director huge buys and conversions.

I'm telling you my 1p+ price prediction will soon be upon holders. A few weeks to wait.

Just an opinion.

[thefozzer] 09/2/2018 08:06

What we may have here is the perfect investor/trader storm of T45 well results followed by ud2 results.

If T45 flows 300-400 bopd I predict the share price will spike to around 1.6p. As usual if we then retrace to around 1p. However, if 3mmcfpd is then announced its back up to 1.6p+

Sustained commercial quality gas flows from new gas zones never flowed before. Game changing to say the least.

Just an opinion. I think there's money to be made here.

[dodge city] 09/2/2018 08:06

DOW down 1000.

[thefozzer] 09/2/2018 08:01

Desperate ramping? Log what an earth are you on about?

T45 drill bit is turning as of 31 JAN. Results due this month. I want FRR to walk the walk.

Results at T45 will be a game changer for the field and Frontera. I think the share price will spike up usual AIM style.

Only a few weeks to wait pal. What we debate here has zero impact on the trades.

As for ud2, the team are going to use a bigger frac to attempt to achieve commercial flow rates of the commercial quality gas. V18 planned next suggest that FRR are confident.

Just an opinion.

[loglorry1] 09/2/2018 07:54

Fozzer the 2005 CPR clearly classifies the main as prospective resources. That's common ground. Even FRR say so on their website. The paragraph you refer to states them as "possible reserves" you do know what "possible" means?

Your other desparate ramping is not worth commenting on. We can all use Google to find a positive story about shale or a negative one.

Why didn't Dustin work his magic on UD2 if he's so great why are they not producing and selling gas as they said they would by now?

Top of the class's for ramping tho

[thefozzer] 09/2/2018 07:25

"Wells have turned into into superwells"

That comment about the North Amercian drilling technologies just makes me so happy. Dustin is the right person at the right time.

Anyway...T45 deepening started 31 JAN



T45 - 3 Zones to being drilled, perforated, comingled and produced together. 300-400 bopd if achieved is simply transformational for Frontera.

I have a 1.6p price spike alert on my stock, i think if T45 results are good the share price will go ballistic.

Just an opinion. Don't forget to take profit.

[thefozzer] 09/2/2018 02:20

Love em or hate em the yanks are always ahead of the curve



"Wells have turned into superwells"

Come on Dustin work it baby work it..

1.6p price spike prediction if transformational T45 oil well results of 300-400bopd are announced.

Weeks away...tick tock tick tock

[thefozzer] 09/2/2018 01:54

And again for the kids at the back...what does success at the high impact T45 oil well mean? It means it will transform the blocks oil prospects. It means future wells get de-risked, it means future wells start to get factored into the share price.

I predict upon T45 success a share price spike to 1.6p, folks and traders will start to take some off the table and the share price will start to retrace to 1p. News from ud2 could then push the share price back about 1.6p assuming flow rates of 3mmcfpd.

If you're in there's money to be made on the trades here's.

Just an opinion and remember no one ever went broke taking profits.

[thefozzer] 09/2/2018 01:47

What Frontera have failure miserably over the past ten years is to get the oil out at sustained high flow rates i.e 300-400 bopd throughout the field.

However the experimental fracs performed, further performance modleing and well design and most importantly...

"Like the giant onshore plays that have successfully been uncovered with similar technical efforts in our home state of Texas over the past decade, uncovering the extensive potential associated with the Eldari Formation has been very exciting" (Enter Dustin please).

Have all led me to believe that Frontera are now supremely confident that the T45 will flow 1000bopd with sustained rates of 300-400 bopd.

Just an opinion.

[thefozzer] 09/2/2018 01:39

Well well well...

"Like the giant onshore plays that have successfully been uncovered with similar technical efforts in our home state of Texas over the past decade, uncovering the extensive potential associated with the Eldari Formation has been very exciting"

Not just my opinion.

[thefozzer] 09/2/2018 01:34

Tick tock tick tock...

Well fast forward to 2017 and what did Steve release in a Regulated News Release?

Frontera Resources Files Notice

of Feasibility of Commercial Production In Georgia



Houston, Texas U.S.A. - 11 April 2017



Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, is pleased to announce that Frontera Resources Georgia Corporation, a fully-owned subsidiary of the Company, filed a Notice of Feasibility of Commercial Production ("The Notice") related to its operations in the country of Georgia.



The Notice relates to the Company's ongoing work within its Block 12 license area and has been filed with the Georgian state-owned oil and gas company in accordance with the terms and provisions of the Company's production sharing agreement. This is an important milestone for Frontera, as the Notice is primarily associated with operations targeting the substantial oil bearing Eldari Formation and other related geologic targets.



Frontera's work to date has produced notable results, demonstrating that analysis of long term cumulative production rates from key wells have now provided the basis for reservoir performance modeling. This supports the conclusion that commercial production associated with the extensively distributed Eldari Formation is feasible. These results and conclusions have been achieved through successful evolution of completion designs; advancement of integrated technical analysis of associated reservoir performance, and; related geologic, geophysical and petrophysical studies.



Based on the Company's recent filing of the Notice, technical work will now continue in order to establish feasibility of commercial production across all of Block 12 related to the Eldari Formation and its related geologic targets.



The Eldari Formation and other related targets are estimated to contain more than 1 billion barrels of original oil in place ("OOIP") as independently assessed for the Company by Netherland, Sewell & Associates ("NSA").

Still with me Jack?