Frontera Share Discussion Threads

[thefozzer] 27/8/2018 16:53

In the EUs defence there has been no wars since the creation of the EU and that is certainly not to be underestimated.
Of course since Brexit, the UK threatened Spain with the use of force over Gibraltar although I'm not sure how real that posturing really was. Imagine no EU, I think the likelihood of war in Europe would be much higher.

Best deal for the UK would be for Europe to stay as Europe but us getting a Canadian style trade deal.

What do I think will happen? We ain't leaving really...wink wink nudge nudge...

[thefozzer] 27/8/2018 16:33

They'll be throwing money at Georgia...

[thefozzer] 27/8/2018 16:14

Dodge,

Every now and again you post something sensible.

[thefozzer] 27/8/2018 16:03

Loggy old boy,

The EU banks will be throwing money at FRR if they know there's sustained flows from the oil wells.

Big picture son.

The EU has clear intentions to bring Georgia into the fold along with Ukraine. That is clear. The EU has one overall objective and that's a United States or Nations of Europe and the bigger the better. George Soros believes in open borders and no nation states. There's a big big plan for Europe which will involve Georgia and Ukraine and eventually posssibly even Turkey. Do you actually believe the UK will leave Europe? Just watch, the politicians do not believe in brexit.

Just a view. If T39 flows the stock goes "POP" and EU banks will throw money at FRR.

[dodge city] 27/8/2018 15:49

It will take 500bopd to stop the rot here.

[loglorry1] 27/8/2018 15:37

@fozzy hope so I can short some more. It's all free money. There's a reason they got to 15.7bn shares you know.

[thefozzer] 27/8/2018 15:30

Are you still short Loggy?

Oh dear oh dear. It was a fair short from 0.60-0.30 based on the high risk Ud2 old well but Loggy Loggy Loggy...The share is posed to spike my friend, Zaza couldn't contain himself on T39, his body language was giving the whole game away.

I'm looking to buy more on Friday :-)

Still each to their own.

[loglorry1] 27/8/2018 15:14

@jack everyone knows I'm short from around 0.6-0.7p. It's been a very profitable trade so far. I think you are nuts risking £200K here, unless that's just punt money for you, but each to their own.

[jackthelad5] 27/8/2018 14:35

So that's your average is it - a penny? No wonder your bitter log especially given my average of .28 with over 70M.

[jackthelad5] 27/8/2018 14:06

Don't fret log all will be revealed soon so we won't have to just 'assume the wells are gushing like mad' as you put it.

[loglorry1] 27/8/2018 14:00

The reserve based lending was brought up a couple of times during latest lse interview
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Remind me was that the interview where he expected gas sales from UD2 by end of 2017?

Just wondering - if we don't hear about anything should we just assume that the wells are all gushing like mad and the shares are worth 10p each?

Jack may I ask have you got a cow to sell as I've got some really good colourful beans you might be interested in.

[jackthelad5] 27/8/2018 13:48

Not pile of tosh actually. The reserve based lending was brought up a couple of times during latest lse interview so it all ties in with expected EWT results and revising of CPR estimates along with decision on funding of Niko 1 down to zone 19. Try sitting on your chair with all 4 legs on the floor instead of rocking back and forth like a looney then you won't actually fall off your chair LOL

[loglorry1] 27/8/2018 13:35

What a pile of absolute tosh. If anyone believes a word of that they need their head examined. "Reserve based lending". I nearly fell off my chair! There are no reserves and a flow test won't change that even if they do flow a bit of oil. What bank would lend when the company is due to pay $46m+ back on senior debt in under 2 years time? It's just total nonsense.

"If we don't hear about the Niko money we should assume its been paid". Oh please this is just comedy gold.

[jackthelad5] 27/8/2018 13:12

Few good posts on lse this weekend -

So we know ZM is seeking funding for the next stage of the Field Development programme (I think Niko is a one off). And we know he is looking at reserve based lending as a favoured route. We would all sing his praises if he pulls that one off.

So put yourself in the position of a lender - what security would you want? Try this short list:

- confirmation SOAG/GOGC are fully supportive

- evidence of extended well tests. Ie - that sufficient time has elapsed to understand the most likely stable long term flow rates. Accompanied by historic evidence of likely flow rates in the future

- either a revised CPR, or the evidence that a revised CPR is a formality

- evidence that suggests a customer for the oil output exists, and that a resultant revenue stream will cover the repayment terms agreed

Just a view - but I think a very likely one

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Today is the 56th day of testing so I wouldn’t be surprised if we have an ops update next week which will include all 3 wells. Given Niko did well until the historic cement job halted things after 45 days they clearly need to run it for longer than that before another RNS on T-39. We’re expected to receive half the money for Niko by 1st Sept so unless we hear otherwise we should assume the Mo em has been received. Hopefully we’ll get an RNS confirming zone 19 will be targeted. Hopefully we can an RNS on Mon 3rd or Tuesday 4th with an update on the 4 wells.

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I think the results for T-39 should be at a very good commercial rate and if so this well alone would be transformational for the company. The hope is that T-45 and Dino are also fairly good but T-39 will be the jewel in the crown. With EWT having commenced on 4th July (assuming 60 flow tests) this would take us to sat 1st Sept so possible we get an update from mon 3rd onwards. Reason for 60 days testing hopefully will be to prove to the funder as part of negotiations to fund Niko 1 down to zone 19 (assuming results are good or very good). 60 days required to prove the sustainable flow so fingers crossed we get an update on flow tests and result of negotiations for the funded well down to zone 19. Hopefully not long to wait now gla

[tune player] 27/8/2018 11:53

Stan/Dirk. Busted me old conker.

I bet those two fat slags are hammering down the cream teas whilst Stan takes the cream pies.

Hahahahaha

[jackthelad5] 27/8/2018 11:13

Lots of maggots for you to sink your teeth into in Cornwall Stanley

[tune player] 27/8/2018 10:56

Ah Dirk you blew it fella, you gave the game away this week.

I hope Cornwall is good to ya me old Conker.

[thefozzer] 26/8/2018 21:22

There's certainly been some funny business going on Tune that's very obvious and bizarre.

Can only assume people or groups were spread betting the short side.