Frontera Share Discussion Threads

[bumpa33] 27/2/2018 07:21

yet more guff from the Zaza....

[thefozzer] 27/2/2018 07:20

Double the payzone boys and increased porosity...

Ohh and it looks like there's oil in Zone 13.

Roll on the flow tests.

1p+ on decent flow test results

YA are out in two more sessions.

Just an opinion

[thefozzer] 27/2/2018 07:17

RNS Number : 9826F
Frontera Resources Corporation
27 February 2018

27 February 2018
Frontera Resources Corporation

("Frontera" or "the Company")

T-45 Well Logging Update

Frontera Resources Corporation (AIM: FRR), the European focused oil and gas exploration and production company, is pleased to provide an update on T-45 drilling operations.

The Company has completed open hole well logging of the recently drilled section of T-45 well, which has deepened the existing wellbore to 2700m. The open hole logging suite consisted of resistivity, neutron porosity, sonic, bulk density, and gamma ray measurements. Data processing has confirmed pay interval identifications made during the drilling operation along with added clarity regarding total combined pay.

The oil stained cuttings at 2460-2475m were confirmed to be within a 14.9m combined pay interval of Zone 13. This is a further developed pay section in addition to the original Zone 9, 14 and 15 targets.

Combined pay for Zones 9, 14 and 15 within T-45 well has been calculated to be 98.9m with 16.3% porosity. This exceeds the base case of combined 53.0m pay and 15.0% porosity as it has been assumed in previous reservoir modeling and Taribani field valuation and does not include the potential identified in Zone 13.

Zaza Mamulaishvili, President and Chief Executive Officer, commented:

"We are hugely excited to see an excellent correlation between the drilling and logging data.

The fact that current results have exceeded our expectations gives greater confidence and support to our work program that, once we effectively perforate, stimulate, and produce from Zones 9, 14 and 15 in the Eldari formation, the Taribani field will deliver great value to our shareholders and Georgia's energy industry."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

[thefozzer] 27/2/2018 02:54

I can't predict the DOW bump, it's overvalued for sure but the US has the feel good factor right now so ride it don't fight it. What I can predict is that Malcy is off to Georgia this week...so I've gone long on Georgian red and kebabs.

When is the 3rd Elliot wave about to kick off at FRR? Very soon is my bet.

Transformation T45 results are due in a few weeks which if good may see the share price spike to 1.5p.

Just an opinion

[thefozzer] 26/2/2018 12:29

Hey log, the stock isn't going up or down mate to any significant degree. FRR's share price is in a holding zone right now. Like I said 0.47p is rock solid line in the sand support. I don't see it being breached unless FRR release poor news. If you think T45 will be a flop you should go short, if you think it will flow 300-400bopd you should go long. If you're not sure? Go fishing.

Just an opinion

[thefozzer] 26/2/2018 12:22

I see a similar chart pattern at FRR, just in a holding zone now. Patience and all that jazz. I see potentially 1p+ next month on good T45 results.

Just an opinion and no buy/sell advice.

[thefozzer] 26/2/2018 12:12

I'm almost tempted to go long but what's stopping me is the pathetic quality of ramping by the likes of fozzer and crew
______________________________________________________________________________

Really Log? Nothing we say on here makes a jot of difference to the share price.

And who's the crew? It's the just thefozzer vs the potting shed hero's and one spotty homophobic kid.

Just an opinion

[thefozzer] 26/2/2018 12:08

The bid is below the last placing price
______________________________________________

The sell price is 0.485 log, stop telling poky pies.

Just my opinion

[bumpa33] 26/2/2018 11:49

hmm - i wonder if Steve Saunderson is on the phone to Zaza for advice on how to make a silk purse out of a sows ear?

[loglorry1] 26/2/2018 11:44

Agree Bumpa it's just pathetic. I expected so much more. The bid is below the last placing price. I'm almost tempted to go long but what's stopping me is the pathetic quality of ramping by the likes of fozzer and crew. They really need to regroup and do better.

[bumpa33] 26/2/2018 11:38

gonna have to sack the bulls here, lousy job...

[thefozzer] 26/2/2018 02:28

I've seem some eye openers during my ten years making money from the AIM bump.

What is rare for an AIM company is to see the level of skin in the game from directors.

The director conversions at 1p, Zaza's recent one million share buy and most importantly the London City ii scrambling to buy 1.5m gbp right on the eve of T45 results. Worth noting that the London City ii has a lock in clause for 6 months.

There's still risk here but the signs are looking excellent. I suspect we'll be getting an RNS update from T45 this week with the wireline results.

300-400bopd from T45 would be transformational for Frontera and the share price.

Just an opinion.

[bumpa33] 25/2/2018 23:43

"It does seem like this is dragging on but the class action group of shareholders in what was AIM listed African Potash (AFPO) seeking compensation from Nomad Cantor Fitzgerald for allowing untrue RNS statements to be issued, seem on the verge of actinn.

Peter Petyt who is organising the case has written the almost 100 punters who want their money back on the grounds that they bough or did not sell because Cantor allowed Potash to issue false claims has written to the group. He states:

Following recent discussions with Counsel, it has been agreed that we will prepare a letter before action on behalf of one of the key shareholders and send this to the Nomad's legal advisers to invite their response. We are hopeful that this will allow Counsel to finalise a positive opinion on the merits of the case, so that we can then proceed to a submission to funders.

We will be meeting with the key shareholder in the next few weeks, so I would anticipate the letter being sent out in the second half of March.

Ends.

Progress here is slow, I was hoping that the case would be funded and ready to go by now. But such a case is a first and would set a precedent, with alarming implications for other Nomads who have allowed misleading or downright untrue RNS statements to be issued on their watch - one thinks of Cairn & Cloudtag as another cedar example of this."

Or Cairn and Frontera, in the fullness of time...

[ssrover] 25/2/2018 20:09

Seller still offloading here imo

Massive buzz all around this weekend across the usual forums and twitter on MATD and NUOG. see MATD and NUOG as big risers next week

[highasashite] 25/2/2018 07:50

I've found a cigarette lighter, what's the bets it has more gas in it than FRR can provide from it's dusters.