Frontera Share Discussion Threads

[sux_2bu] 16/4/2018 19:18

"Frr has received a request for arbitration from the Georgian Oil and GasCorporation and the Georgian State Agency of Oil and Gas - although the company denied any wrongdoing".This is going to cost the company millions, pi's will have to pay the cost becoming severely diluted. Unless frr can get the money from pay day lenders. Quick Quid ?

[thefozzer] 16/4/2018 19:16

Ccr1958,

The Georgian gov must have info on Ud2 flow rates now. The bigger frac will substantially increase these flow rates. Perhaps the penny is dropping?

This spat with the gov will be releated to the gas. Bottom line is i suspect the GOGC want a better deal.

Frontera seem confident on the issue. Now Georgia is moving towards the EU they have to play by the rules:-)

Let's see what this week brings...

[thefozzer] 16/4/2018 19:16

Ccr1958,

The Georgian gov must have info on Ud2 flow rates now. The bigger frac will substantially increase these flow rates. Perhaps the penny is dropping?

This spat with the gov will be releated to the gas. Bottom line is i suspect the GOGC want a better deal.

Frontera seem confident on the issue. Now Georgia is moving towards the EU they have to play by the rules:-)

Let's see what this week brings...

[sux_2bu] 16/4/2018 19:11

Frontera dives as it becomes embroiled in a dispute at its Block 12 licence in GeorgiaDespite the blue skies in London, it has been a gloomy morning for Frontera Resources Corporation (LON:FRR) after it became embroiled in a dispute.Shares in the junior oiler are among the worst performers in London, down 10% to 0.51p after it confirmed press reports that it has received a request for arbitration from Georgian Oil and Gas Corporation and State Agency of Oil and Gas.The dispute centres on the production sharing contract at the Block 12 licence in Georgia.Frontera insists the request for arbitration is without merit and that it has been fully complying with the PSC.There was a mention of "potential relinquishment" of the licence, which was perhaps one of the things to have spooked investors

[ccr1958] 16/4/2018 19:04

That’s the way I read it Foz, the word is out FRR have finally got it right ,good day tomorrow,just my opinion .

[sux_2bu] 16/4/2018 19:03

Today's low could be tomorrow's high.

[thefozzer] 16/4/2018 18:57

If there's nothing on B12 why would the Georgian government be bothered. Simply let Frontera get on with exploring and generating income for the local economy.

The news does suggest there could be something significant worth frighting over...

[tickboo] 16/4/2018 18:51

The fact Ted Poe, US senator specifically mentioned FRR and Georgia respecting contracts etc and they was last year so this seems a continuation. I wonder what elements they’re unhappy with. Odd they’ve been handing out permits and the gas transportation licence.

I hope we get some decent operational. Des this week. Dino at TD and details on the zones like we had for T-45 then well logging results a week later. Pumps and crew at ud-2 and testing ongoing at T-45, not sure we’ll get initial flow rates but we’ll see.

[thefozzer] 16/4/2018 18:51

Sux,

The share is up multiples from 0.06 just last year when the de-rampers were knocking the stock.

Enjoy your fun. Things can and do turn very quickly in AIM stocks.

[sux_2bu] 16/4/2018 18:46

Today's low could be tomorrow's high. Fun and games...in fact, just fun. Some rampers here need a wake up call.

[thefozzer] 16/4/2018 18:46

Graham,

Good question. How did Tom get this inside info. We could speculate all night about this. Some of your theories may be correct.

I assume an investor or trader may have contacts within the Georgian admin and then leaked the info to Tom. Why choose Tom? I've no idea, I assume for personal financial gain. I'm not suggesting TW has gained from this but perhaps the investor or trader whom leaked this info to Tom has.

Anyway, that's all irrelevant now. What's important is that T45 and Ud2 flows and starts generating revenue for the company.

Just a guess.

[dodge city] 16/4/2018 18:38

Very strange timing, maybe it's Putin starting his cyber ops after this weekends humiliation.

[thefozzer] 16/4/2018 18:26

I'm only going off what TW wrote. He wrote the Georgian gov wants 50% of the block back. Those were his words.

The MK and Taribani fields are under 10% of the license. The 155m barrels and 9tcf recoverable gas est are from the MK and T fields.

Anyway...lets see how we finish the month...ive been right, I've been wrong. The case is now out there and factored into the share price

Just a guess.

[sux_2bu] 16/4/2018 18:25

Frr will go into administration within time, if Mr Maestro is correct with the info he's stated on a different site .Just a trading chip punt this is now.

[thefozzer] 16/4/2018 18:20

I disagree Log, are you suggesting I sell based on this news? I have no plans to sell as the PSA appears sound and FRR have come through much worse than this I'm sure.

This news is now factored into the share price. Onto T45 and Ud2 results...perhaps this revelation suggests the Georgian government think B12 has substantial worth.

Just a guess.

[graham84] 16/4/2018 18:19

Question for the fozzer

Given that the information came from one source what would be the possible motive if you exclude shorting. could it be the following;

Another oil company with information wanting to keep the price down if the results turn out to be good and they are getting some sort of feed back from people on the ground. This could be either oil company,hedge fund or their agents.

I cannot see the source been the georgian gov. unless one person acting personally and there is the question why? after all would this information not be difficult to get and confidential.

Then there is the question how did the source of the information know who to give the information to, Unless they had some knowledge of the stock market.

Is there more to this than simple shorting? and we are just not seeing the full picture.

[loglorry1] 16/4/2018 18:13

Why do all the bulls come up with reassuring theories which all seem have one overriding feature, that their investment won't be affected should FRR lose the pending arbitration?

I have no idea what it's about but it's probably more likely to be bad news for FRR than irrelevant or good news else why arbitration? At the very least it will be an expensive long drawn out process.


The level of group think and head in the sand stuff is definitely off the scale. Good luck.

[papillon] 16/4/2018 18:08

peterpowell21 16 Apr '18 - 14:28 - 10291 of 10306
0 0 0
papillon

Trump sounds like 99.9% of the male population.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I could understand 99.5% "of the male population" being interested in "a nice piece of ass", or making money, peterpower, but VOTES? Don't think so!

[thefozzer] 16/4/2018 16:55

Whoopy,

It could be that the Georgian gov wants some of block back after the 5 year study programme if FRR don't declare the area/field commercial. Do I think Taribani or MK are at risk? No.

I have to assume there's some truth in what TW wrote about the 50% relinquishment.

I think the clay thing was just a dig though haha.

Just a guess

[peterpowell21] 16/4/2018 16:45

easy 20%+ to be made from here for anyone that wants it.
Might have to wait a few weeks though.

[whoppy] 16/4/2018 16:43

So FRR are in a 5 year study programme started in November 2017 that covers the entire area of Block 12 as set out in the PSC. I guess they need to do the study so they know what 50% to relinquish, otherwise how the frig are you supposed to know what areas to keep and what areas to relinquish. Seems logical.

[thefozzer] 16/4/2018 16:33

I honestly don't think this "arbitration" will come to anything or have an impact on my invest in the months ahead.

However, I completely understand people selling or reducing their exposure.

What is material is T45 and Ud2 results. If any of these wells flow the whole of B12 becomes very valuable and the Caspian megabasin theory on trend with Shah Deniz becomes more than a theory.

Oil and Gas is a filthy business especially where there could be a huge asset at stake.

Just a guess