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FRR Frontera Res

0.2875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frontera Res LSE:FRR London Ordinary Share KYG368131069 ORD SHS USD0.00004 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Frontera Share Discussion Threads

Showing 31126 to 31144 of 51575 messages
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DateSubjectAuthorDiscuss
25/5/2018
10:51
Tickboo,

We're due an update on ud2 very soon. Something big is going on with Exxon looking to move into Georgia right now. It will be the Gas that Exxon are interested in, not the oil.

It's uncanny the way the shorters refused to talk about Exxon in Georgia although they are happy to talk about 10 year old RNSs.

Just an opinion.

thefozzer
25/5/2018
10:47
TheFozzer,

202tcf of potential deep gas sounds to me, not being an expert in oilies, akin to inferred resources in the mining industry. It requires a lot more expenditure on it to prove it is commercial, and there is no guarantee it will be, and even if a tiny proportion of it is, there is no time to get it out within the life of the production license.

Exxon probably want easy pickings with no risk (profits from privilege are much better than profits from risk taking - the latter don't always materialise). A start-up business is always difficult to value, so its share price will be volatile, because it has no certain future profit stream.

FRR's RNSs seem calculated to exploit some people's misunderstandings. They are not doing anything criminal because FRR might be a viable business if oil goes to $400 a barrel - they might be able to mine the oil at that price instead of drilling it and trying to flow it, and who is to say oil won't go to $400 a barrel? I think it is all down to probabilities, and I don't think betting on FRR is attractive - the last lot of shares I averaged down on years ago was at 8p, and nothing the company has done since has changed my view that it is a slick share selling operation pretending to be a genuine oil and gas explorer developer. Just my view.

It doesn't matter how many trillions of cubic feet of gas in place it has, it is worthless if you can't flow it and if the legal right to flow it expires in four and bit years' time. Why would Exxon be interested in that?

nobull
25/5/2018
10:41
Completely agree. A big if, but if they can prove ud-2 flows even 1mmcfpd in an old, dilapidated Soviet well Exxon et al will want a piece of the action.Exxon in Georgia as ud-2 is stimulated. Impeccable timing!
tickboo
25/5/2018
10:36
Log, still all the shorters duck the question.

Exxon have stated they are looking to start operations in Georgia. Exxon were in Georgia exactly the same time ud2 was being tested. Mike pence and the Georgia Pm are now talking trade deals and US companies being welcomed in Georgia. Exxon have 200 billion to spend over the next 7 years.

Not sure if ud2 will flow, it's a 30 year old beat up Soviet well. Exxon will be very interested in the Data from Ud2 though. Exxon can easily fund new seismic and new deep gas wells. The share price would do a few hundred percent on a JV with Exxon.

I think a deal is being worked behind the scenes.

You said you wanted 0.60 and I think that you'll get your wish.

Nothing personal.

thefozzer
25/5/2018
10:24
Jack - you really do suffer from a selective memory condition - no doubt brought about by sense of panicI took 12 pages of notes - and as you might recall I posted on ALL aspects of the meeting over the following few days. I take detailed notes because of the sizeable holding I have - I want to understand all aspects of my long term investmentI agree Zaza did say he wasn't doing this meeting (the 5th he has done in less than a year) to prepare for funding - he was doing it to ensure shareholders are kept informed. I also recall last year an offer to do quarterly updates - which to his credit he has more than delivered on. He told me after the meeting (in front of others) that the next would be late July, perhaps August. (And he is inviting holders to Georgia later in the year). At several other points in the meeting he specifically said he wished to bring capital into the company. He said he was looking at a wide range of options which include private financing. He made these comments in respect of both the YA issue and the Niko/stage 2 funding. He of course did not rule out a shareholder fund raise, and would have been mad to do so. We will see - but if YA were to be bought out by a placement of some sort I would not be worried - the dilutive impact would be minimal and the benefits enormous. Of course he may well choose a different route, and he proved today that he does have access to other options
mick1909
25/5/2018
10:22
Dont lose your house shorting frr lads the othet halfs wont be to pleased
mick1909
25/5/2018
10:21
Just got off the phone to IG broker and he said if you open shorts on their accounts and for example frr suspends it share pending a buyout and then gaps up 1000% you are liable for the losses and no stop losses can be triggered and they will collect the account deficit through a reasonable manner only other way out would be to declare bankruptcy so shorters beware
mick1909
25/5/2018
10:14
@fozz there isn't any gas it doesn't flow!

You are a classic example of conformational bias.

loglorry1
25/5/2018
10:05
No bull, thank you for the reply.

Maybe you didn't get my line of thought.

Exxon are clearly looking to enter Georgia, perhaps for a mega project. Exxon will not be interested in nodding donkey wells but they may interested in 202tcf of potential deep gas. Exxon were in town exactly the same time of ud2 testing. Do you honestly think this is a coincidence? Tell the truth.

Do you care to reply to my suggestion that Exxon are in Georgia to exploit gas potential. Pipelines and markets all in place. Exxon would fit in with US policy of energy security for Europe.

I think something massive is brewing here.

thefozzer
25/5/2018
09:56
TheFozzer, Exxon want a return on their money. If they are like RTZ with a hurdle IRR of 15% before they even consider investing, they probably won't touch FRR with a barge pole unless they think
1. War will break out between Iran and Saudia Arabia
2. The Georgian Govt. will extend the production license for 25 years.
3. FRR has a winning formula to unlock thousands of bopd.

Thousands of bopd is too small for Exxon to waste its time on. You want value accretive low capital intensity projects that make a difference to a company the size of Exxon.

nobull
25/5/2018
09:55
Sux hahahahaha brillant,

I'd love to get angry but I can get angry because each RNS makes me more and more mellow.

Your lot however are getting increasingly desperate which makes me laugh daily.

tune player
25/5/2018
09:53
Tune is just standing up to lying bullies Sux. He's doing it in a funny way, ok so the wifey comments were a bit naughty but he illustrated the point beautifully. Besides he's had me in stitches this morning. He's a good lad.
thefozzer
25/5/2018
09:47
No bull, do you care to comment on Exxon in Georgia?

TELL THE TRUTH

thefozzer
25/5/2018
09:45
TheFozzer, FRR has not de-risked anything in 21 years. Rent seekers exploit commodity price leverage to get in at below discovery cost. The time to move into FRR, if its assets weren't duds, was when oil was $40 a barrel. How much price upside on oil is left now that Iranian oil may not be so easy to purchase? The fact nobody did tells me Block 12 is more likely to be a dud rather than a commercial success. Even if the geology in Block 12 turns out to have the odd sweet spot, there is now no time to benefit from the discoveries because of the short production license life.

P.S. FRR might be a good bet if war breaks out between Saudi Arabia and Iran, if the Georgian Govt. extends the production license for 25 years and if FRR manage to sustain production of about 5,000 bopd.

nobull
25/5/2018
09:45
FTSE is up Sux? What you on about?

Anyway, thanks for the good wishes always knew you were a good lad.

What the short sellers don't realise is that $80 is a game changer for oil stocks. Anyway the class of 09/10 knows this...

Peace out Big show

thefozzer
25/5/2018
09:43
Frontera Resources (FRR) – Corporate – Taribani Drilling/Logging Update
Market Cap £67m Price 0.43p
Frontera announced that the T-39 well has been successfully sidetracked to a depth of 2,800m into the Eldari formation with logging indicating a combined gross pay of 102.5 meters in Zones 9, 14 and 15 and an additional 12.4m of pay in Zone 13. As with the prior Taribani wells, shows of oil and gas were experienced during drilling operations.
In respect of the Niko-1 sidetrack well the company received the requisite drilling permits and expects drilling operations to commence in early November 2018 with the well completion expected in December 2018. Like the wells of the current testing programme, the sidetrack is expected to test Zones 9, 14 and 15 and possibly Zone 13 which is increasingly prospective based on oil & gas shows and logging results.
Funding for Niko-1 has been sourced by an institutional investor who has committed up to $3m of investment. In consideration for funding the well, the investor will receive 60% of the well production from the completion of the work program until recovery of its investment and 30% of the well production thereafter.
In our opinion, operational progress is advancing smoothly and successfully. The funding arrangement for Niko-1 is a well specific ring-fenced arrangement effectively providing the company with free carry on the well and meaningful retained working interests.
We retain our 0.82p fair value estimate for the company.

yjir
25/5/2018
09:39
At least you boy's are blue, lots of red out there. Market is sour today. Maybe the PH will help to bring some cheer on Tuesday.
sux_2bu
25/5/2018
09:38
Hey no bull? Any thoughts on Exxon moving into Geo? Exxon were in Geo same time as ud2 testing. Seem odd?

Now Pence and Geo PM are discussing trade deals. Seem odd?

There's no onshore free blocks in Geo up for grabs. How will Exxon get a slice? Seem odd?

thefozzer
25/5/2018
09:33
Buys at 45.5 suxs
thefozzer
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