Frontera Share Discussion Threads

[thefozzer] 29/4/2018 20:16

Gas is flowing from Ud2 from just one of the deep formations...the well is probably in such a poor state from the Reds that this is the best FRR can do for now. FRR haven't released flow rates probably because they are low and they know how the market will react. Anyway, let's see what the bigger Frac can do. 3mmcfpd+ will be a resounding success in my opinion.

If Exxon are monitoring ud2 then it's all about proof on concept. Exxon can throw 10's of millions on brand new modern deep wells.

Just a guess and speculation, no investment advice.

[loglorry1] 29/4/2018 20:10

@fozz no idea as I've said it would all depend on a lot of factors. Fraccing isn't commercial everywhere because decline rates are very high. Even if good initial flows are achieved there's a lot of work to do to develop a play commercially. Outside of the US there really has been very limited success elsewhere. The chances are very slim but not impossible.

In my opinion you'd be better off buying lottery tickets but as you say that's what makes a market.

This is pretty much the crux of the argument. The bulls think they have say 50/50 chance because Zaza has painted that picture. The bears think you've got a 1:1000 chance of success.

I doubt you would risk 70K in my odds but are obviously prepared to stake it on a 50:50 bet

[thefozzer] 29/4/2018 20:10

By the way I actually don't think we'll soon see. If Zaza can stretch out the failure of UD-2 for a year he'll do the same at Tarabani.
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What makes you so certain ud2 is a failure? I'm certain Ud2 is the reason Exxon are in town, unless you believe in massive coincidences? Maybe it is just a coincidence the biggest oil company in the world are in town the same time FRR frac ud2. They must have read WShats TMF post...

[thefozzer] 29/4/2018 20:00

Thanks for the feedback Log, I think you're wrong but that's what makes the market :-)

Anyway, assuming there's a miracle at T45 on a par with the immaculate conception. What price are you looking at on T45 success?

[loglorry1] 29/4/2018 19:50

"The AIM is littered with companies whom were dogs with flees and whom changed into successes."

Actually almost no examples of this can be found.

Also what have commodity prices got to do with FRR they've never produced anything material anyway.

UD2 has been tested I think 5 times now. If a bigger fracs were all that was required why has this not been done in the last 20 years? We were told a few months ago all that was needed was a 500k work over. Almost 9 months later the excuses are still coming. No doubt the extra work will require more cash.

The same source who leaked the arbitration also stated that the geology would not respond to fracking. I realise you'll just dismiss this in the same way as you dismissed the arbitration. Could have they been right about both?

Obviously though you may be right and you'll prove me wrong.

By the way I actually don't think we'll soon see. If Zaza can stretch out the failure of UD-2 for a year he'll do the same at Tarabani.

The reason is that FRR is the same as it's always been. A stock promotion to sell shares.

[thefozzer] 29/4/2018 17:56

Just for the record I've no idea if T45 will be a success, I think simply that the pay off is worth the risk.

I think 0.50-0.60p is a good risk/reward bet.

No advice, just my opinion. Unlike others whom state sell at 0.59. What arrogance, what ignorance.

[thefozzer] 29/4/2018 17:40

Log, just curious, if "by a miracle" T45 is a success, what do you want the price at?

[thefozzer] 29/4/2018 17:25

a "bigger frac" won't make any
difference,
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Lol, how do you know Colombo? Are you watching with your telescopic photo lens over the hill near Ud2?

[thefozzer] 29/4/2018 15:59

If anyone wants to PM me with the admission I'll take it in good faith. Get it off your chest, you'll feel better for it, it will be weight off your shoulders...

[thefozzer] 29/4/2018 14:07

Well said Peter,

Nobody has the inside track on T45 and Ud2 but the market should get some kind of update next week.

What I find utterly bizarre is the amount of negative posters here. I think there have been some really shady goings on here with private emails and tweets between a group of posters discussing trading strategies off the public boards. Real slimy shady behavior and all to squeeze a few % from their spread bets!!! The TW release of inside information was just the final straw.

In addition, the posting of private investors details here is highly sinister as is the FB page that the trolls obtained the details from. It could have been a form of intimidation or something perhaps more criminal.

I spotted this actively from afar which is why I'm moved over here, I'm trying to balance the discussion out after 18 months of poison here. My nature is never back down and always stand up to bullies.

Anyway...

If FRR's four wells don't deliver all but a miracle will save FRR and the share price, I don't see how they can continue without a miracle or re-structure if the wells fail to deliver. Ref the arbitration, well a JCB to crack a walnut probably sums things up, the GOGC are after a better deal/more money. Everything comes down to money. The arrival on Exxon on the scene does suggest something big is brewing...

You could say, at this stage, it's a binary bet, if T45 and Ud2 are market pleasing I would be amazed if you didn't get your 0.85p target.

Good luck for the next 6 days.

[thefozzer] 29/4/2018 12:47

TW's article has kind of backfired Logster...suspect B12 is the prime meat.

Just a guess

Dilly dilly

[thefozzer] 29/4/2018 12:44

I don't believe XOM are interested in Block 12 and even if they were I doubt FRR would see any upside from it.
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"The largest US oil company expressed its interest in the development of hydrocarbons."

"The company's technical team will remain in Georgia for a few days. During these days, representatives of "Ex-mobil" together with Georgian specialists will get acquainted with existing geological and geophysical data and jointly plan future prospects."

Log, it's clear that Exxon are serious about Hydrocarbons in Georgia. This along with Tom's bombshell article suggests it's B12. Now the question is would Exxon screw over Frontera? Hmmmmm it's possible but I think the US will work something out and that shareholders may see some nice upside from it.

Should get an update this week. Prince or pauper for the fozzer?

Just a guess

Dilly dilly

[loglorry1] 29/4/2018 12:35

Sorry @fozz it's Sunday.

I don't believe XOM are interested in Block 12 and even if they were I doubt FRR would see any upside from it.

I expect their visit was about something entirely unrelated to UD2.

That said it's fantastic ramping material so please make good use of it.

I want the share price higher and Friday was a disaster in that regard.

[thefozzer] 29/4/2018 12:13

Did Dodge really say 1000bopd is fuk all?

PMSL...

3 x 300bopd = 900bopd x $70 = 63000 per day or $23m pa

drill another 4 wells this year and that's over $50m pa

Granted I doubt Exxon are interested in the oil but 7 oil wells flowing 300bopd+ will justify a m/cap in the 100's millions of dollars.

Exxon are after our gas potential.

T45 update/flow test results next week followed soon after by Ud2 results.

Big move coming in the share price, I'll say 50/50 on the record but privately I think a good result is a strong possibility.

Just a guess

Dilly dilly

[thefozzer] 29/4/2018 12:02

I always answer your questions but you never seem to answer mine.

Dilly dilly

[thefozzer] 29/4/2018 11:57

Serious question for Log, Wshat, TW, Dodge and Jak...

Why are the biggest energy company in the world Exxon looking at setting up business in Georgia?

I know you won't answer the question because you're not man enough to admit when you're wrong...

Dilly dilly

Just a guess

[thefozzer] 29/4/2018 11:36

"The thinking is that B12 is "on trend" with the Shah Deniz field."

Only with FRR and the LSE loons. There are many other wells drilled at much closerlocations which have similar geology and have never been made to flow.

Yeah I know the big Texan can change all that.....
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Are you talking about the oil or deep gas wells Logster? Why else are Exxon sniffing around Logster? Perhaps Exxon didn't read WShat's TMF post?

As far as I know, FRR are the first to report that sustainable gas flows have been achieved through Georgia's deep gas wells.

"Sustained deliverability of natural gas from the Gareji formation has been confirmed during Stage 2 of the current stimulation and testing program"

"I believe the early results of the testing already both prove a material sustained deliverability of the Ud-2 well and provide significant confirmation as to the Block 12 potential of the Gareji reservoir, development of which will be transformational for the Company and Georgia's energy industry."

Just a guess

Dilly dilly

[thefozzer] 29/4/2018 11:29

Anyway, we're all getting ahead of ourselves Jack, Logster and Dodge.

What will move the share price in the near term are results from T45 and Ud2...

Not long to wait before you all laugh at my demise or cheer me onto pastures new and fertile.

Dilly dilly

Just a guess

[loglorry1] 29/4/2018 11:15

"The thinking is that B12 is "on trend" with the Shah Deniz field."

Only with FRR and the LSE loons. There are many other wells drilled at much closer locations which have similar geology and have never been made to flow.

Yeah I know the big Texan can change all that.....

[thefozzer] 29/4/2018 10:42

Exxon haven't the slightest interest in talking to Zaza about wells that were depleted 40 years ago by the Russians. In fact, they have no interest in talking to the liar at all!
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Jack, agreed that I don't think Exxon are particularly interested in 155m+ barrels of oil being produce by hundreds of 200-400bopd nodding donkey wells.

What Exxon are in Georgia for is to sniff around the Gas and investigate the claims being made by Steve and Zaza.

All will be reveal pal very soon. If Ud2 flows 3mmcfpd then then this is a new discovery from the deep Gareji zone. 3mmcfpd is not much but it proves proof of concept and this is what Exxon will be interested in. The potential to extract large amounts of gas and feed into existing infrastructure. The thinking is that B12 is "on trend" with the Shah Deniz field.

Dilly dilly

Just a guess