Frontera Share Discussion Threads

[thefozzer] 05/9/2018 16:08

Loggy,

So if FRR are looking to raise why are they paying YA in cash?

[loglorry1] 05/9/2018 15:53

@fozzy back from my run.

I thought I had answered the question. I think reason they need to raise is because the three T wells are producing badly and therefore they have no further cash flow or funds to service debts and pay G&A. The reason I think that is their refusal to update the market on flow rates and the Niko-2 mystery investor not paying up.

Your thesis is that the T wells are flowing well and serving debts/G&A, major oil companies are interested and they are not releasing flow rates because of some sort of NDA idea which I find totally incredulous.

I guess we'll see who is right.

Take care

Log

[thefozzer] 05/9/2018 13:59

LOL ok then! Gotta go but its been good chewing that fat.
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Lol ok keep avoiding the question on why FRR need to raise.

Toodle pip....Seeeeeeeee Yaaaaaaaaaa

[g2theary] 05/9/2018 13:51

Just picked up 1.3M looks ready for a turn :)

[loglorry1] 05/9/2018 13:45

The NDA will prevent FRR disclosing flow rates to the competition.
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@fozzy you are a laugh a minute. a) The RNS doesn't say this and it could and should if it were true and b) what good would that do FRR to include this in the agreement?


Are you saying the oil majors have said "We will only talk to you if you suppress all your good news from the market?" Is that something you think is likely?

LOL ok then! Gotta go but its been good chewing that fat.

[thefozzer] 05/9/2018 13:44

By releasing good flow rates, they can raise with ease
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Loggy, you still have avoided my question. Why do FRR need to raise?

I see no evidence of the need to raise, YA are currently being paid in cash.

I hope you took my advice and placed a stop on your spread bet?

[thefozzer] 05/9/2018 13:41

@fozzy make your mind up. In one post you say total lockdown due to early stage talks in the next you say news from T39 soon. Which is it?
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Correct me if I'm wrong but I didn't know the two comments were incompatible?

An NDA is currently in place with 2 majors one of which is probably Exxon in my opinion. FRR are going to further test the T wells especially T39 for a bit longer before a deal is completed.

Exxon (just my view) will already have all the info from Ud2, Ud2 data and the gas potential are surely the main reason why Exxon and the other Major are interested? However, I believe the two majors will take both the oil and gas plays. MAkes sense to run the EWT for a bit longer before a deal is done.

I'm predicting a very big spike here Loggy and fairly soon.

[mick1909] 05/9/2018 13:41

Question is will loggy be adding to his short while this is on the way up??Or will cut his losses??

[mick1909] 05/9/2018 13:38

Fozzer its all out of our hands anyway all this the 3rd elliot wave has begun and there will be nothing to stop it now all the serious TA traders will know this and have their entry and exit points which will create this 3rd wave simples 1.2p to 1.6p final target

[thefozzer] 05/9/2018 13:35

Loggy,

The NDA will prevent FRR disclosing flow rates to the competition.

From Wiki
"A non-disclosure agreement, also known as a confidentiality agreement, confidential disclosure agreement, proprietary information agreement or secrecy agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties."

[mick1909] 05/9/2018 13:30

Dyslexia is a common learning difficulty that can cause problems with reading, writing and spelling. It's a specific learning difficulty, which means it causes problems with certain abilities used for learning, such as reading and writing. Unlike a learning disability, intelligence isn't affectedAdd in numerency as well

[satanslave] 05/9/2018 13:22

total carnage here today. .only .18 to sell now. .ffs !

[loglorry1] 05/9/2018 13:21

This is getting a bit tiresome Mick. The RNS doesn't say so and if the NDA was the reason it would say so. It's possible they didn't spell it out but if it were the case it makes no sense at all for FRR or the other parties.

I know it suits your agenda because the lack of flow rates destroys your thesis but what can I say it's not in there.

I'm off for a run. Take care.

[tickboo] 05/9/2018 13:18

Why would releasing flow to the market get them a better deal when the majors and any other majors wanting to sign an NDA can have access to them? It would get the share price up but most NDAs mean the figures are keep close until said NDAs run its course.

[mick1909] 05/9/2018 13:17

Are you dirk on lse??

[mick1909] 05/9/2018 13:16

See how you put i dont think loggy so you are unsure whether the NDA prevents them from telling us about flow rates?

[mick1909] 05/9/2018 13:11

In which case fozzerJust 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 3000% 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

[thefozzer] 05/9/2018 13:01

It's possible that FRR suspends pending an offer and gaps up, in fact I'd say it's very possible.

[thefozzer] 05/9/2018 12:54

Mick,

Yes, the NDA with the 2 majors means everything is currently on lock down.

After T39 has flowed a bit longer the market should get an update.

Loggy thinks the company is misleading the market to raise funds on the back of this RNS, am I correct Loggy?

[mick1909] 05/9/2018 12:54

Fozzer i dont think his losses will be too bad as he says he has a diverse portfolio so even if it spikes to 1.2p to 1.6p he would be ok only issue is if it suspends and it gaps up on a potential buy out say e.g 10p so around 3000% from these levels then ghat may wipe him out

[thefozzer] 05/9/2018 12:50

Loggy,

I believe things will now happen very fast so we'll soon find out if I'm right or you're right.

In all seriousness do yourself a favor and put stops on your spread bets. You may actually save yourself some profit and not face big losses when this spikes up again.

Just a view.