Frontera Share Discussion Threads

[mick1909] 05/9/2018 12:48

Isn't the NDA preventing them from realsing flow rates??As a result of these discussions and to assist with data analysis, the Company has been conducting extended well tests to better establish production capabilities.  At this stage the Company has continued to see consistent oil and gas delivery from the relevant wells but is not yet in a position to report volumes until such time as the longer term tests are completedDue to the current technical and commercial discussions with industry majors, which may lead to a farmout or joint operating arrangement in specific areas within Block 12 with respect to both oil and natural gas, the Company has changed the initial well testing program such that the current production test from Zones 14, 15 and 19 will continue for a longer period of time than what was anticipated before and additional tests could potentially be performed.  We look forward to updating the market as we progress with our work

[tune player] 05/9/2018 12:42

Have ya had a little tipple stan? Ya know you want one, go on me old conker just have a little tipple.

[loglorry1] 05/9/2018 12:41

Not bad @fozzy. It's easy to pay off YA a couple of payments with a bit of cash which they had from settlement and perhaps a bit of production before the wells stopped flowing. The size of a few payments isn't that much but I can't see it going on too much longer. It's possible YA have agreed to wait a bit longer before doing anything or perhaps a third party has paid them based on a good deal going forwards e.g. getting in on a big discounted placing which is basically gold dust when shares can be sold at a premium now.

I might be wrong obviously and your thesis might be correct.

I'd actually jump to your way of thinking if they'd have given flow rates instead of yet another excuse and a further shifting of goal posts. Also the excuse for Niko-1 funding not arriving is a huge red flag. If extra work needed doing as suggested why delay the first payment. The rest could be worked out later.

[thefozzer] 05/9/2018 12:36

ccr1958,

I've gone long on GKP with a 3.10PT with a 6 week time frame in mind.

[mick1909] 05/9/2018 12:35

Isn't the NDA preventing them from realsing flow rates??As a result of these discussions and to assist with data analysis, the Company has been conducting extended well tests to better establish production capabilities.  At this stage the Company has continued to see consistent oil and gas delivery from the relevant wells but is not yet in a position to report volumes until such time as the longer term tests are completedDue to the current technical and commercial discussions with industry majors, which may lead to a farmout or joint operating arrangement in specific areas within Block 12 with respect to both oil and natural gas, the Company has changed the initial well testing program such that the current production test from Zones 14, 15 and 19 will continue for a longer period of time than what was anticipated before and additional tests could potentially be performed.  We look forward to updating the market as we progress with our work

[loglorry1] 05/9/2018 12:17

Just to add your position is obviously that FRR have cracked it and are selling oil and now talking to majors. That's a perfectly ok position to take except from the fact that they refuse to say how much oil they are selling. My thesis fits the facts much better and is completely inline with the companies history.

[loglorry1] 05/9/2018 12:14

@fozzy I think FRR has been unable to place any shares as nobody will buy them. Why would anyone when the critical flow rate news hasn't been released. Anyone sane would say "Show me what the T wells are doing first and get the Niko-1 money in the bank".

The only natural buyers are scumbag shorts covering. So how do you build up short interest? You spike the market with news.

Don't forget on top of YA payments FRR burns through a massive sum in G&A. It once had a phone bill in six figures!

The money has to come from somewhere and if it's oil sales there is no reason at all not to tell the market that they are selling oil, how much and how much has been received. That's what GKP are doing aren't they?

[bumpa33] 05/9/2018 12:12

Log - really, I don’t think he’ll get it in the end, ever 🙄

[ccr1958] 05/9/2018 12:11

Fozz , u going to short GKP ?

[thefozzer] 05/9/2018 12:08

Loggy,

You're coming out with some gems today. So when this placing taking place? TW has been banging on about it for 4 months now and it hasn't happened. Come on enlightened one, when's it happening?

Just dont forget that stop, there's another big spike coming.

Just a view

[thefozzer] 05/9/2018 12:03

Good lad Bumpa, head in sand when you don't like hearing some truth. You'll need to man up if you want to be successful in this life.

[loglorry1] 05/9/2018 11:58

@fozzy are you still so naive to think that a company can't raise money before issuing the equity! There's a whole industry built around it. A third party gets short (borrowing stock if required) then buys the newly issued shares from the company to cover at a later date. As the third party is getting short who do you think is buying the shares? Private investors egged on by RNSs like we saw recently.

You'll get it in the end.

[bumpa33] 05/9/2018 11:58

Sorry fella, back on filter you go.

[bumpa33] 05/9/2018 11:57

I put you on filter because your input here was banal.

It still is banal.

You’d do well to listen to traders like log who’ve been round the tracks and seen far more than you clearly ever have.

That may be unpalatable but unless you learn fast you’ll end up as a member of the 90% club.

You have whatever expectations you like, I couldn’t give a monkeys.

[thefozzer] 05/9/2018 11:52

As I said Bumps, I have very low expectations for you. I thought you put me on ignore when you ran off in a huff last year?

[thefozzer] 05/9/2018 11:50

Just because we've not see any new equity issued doesn't make any difference
-----------------------------------

Erhhh...well yeah it does Loggy as this is the whole point of you argument.

Post away, free country, free BB

[bumpa33] 05/9/2018 11:50

Fozzer - I don’t need to know about your life nor your job to see it’s clear you don’t know what you’re doing.

Sorry, but that’s it in a nutshell.

[thefozzer] 05/9/2018 11:46

Mick,

The Azers made a grab for the asset, Simply as that. The Georgians couldn't get away with that now especially with EU aspirations and a Trump gov.
Anyway there's plenty to go around. Imagine Exxon and Respol buy out FRRs B12. Quite an election winner I think having Exxon explore for potentially 202tcf of Gas. A resource that could potentially change the lives of the Georgian people for the better.

Just a view

[thefozzer] 05/9/2018 11:42

Bumpa,

That is incredibly condescending considering you have no idea about my life and job and the money ive made investing and trading. It's ok thought as I have low expectations for you so you don't disappoint.

[thefozzer] 05/9/2018 11:37

Loggy,

Not releasing Dino and T45 results makes perfect sense now we know an NDA is in place with two Majors. This information was not known when I made the negative comments about Dino and T45 lower zones.

Yeah, on the arbitration is there any news? It's gone very quiet hasn't it? The timing seemed to be about the time Exxon were in town if I remember correctly? Could it be the Georgian gov wanted a re-negatation on the 400m cost recovery pool offset against revs?

Not long to wait, soon be over. Not too late to get the guaranteed stop placed.

Very respectfully, your friend Amateur Fozzer.

[mick1909] 05/9/2018 11:32

Log in Azerbaijan frr were producing 5000 bopd and had it taken away from them for reasons im unsure about