Frontera Share Discussion Threads

[loglorry1] 06/9/2018 10:14

You got very upset about my semi in the burbs quip. Anyway, no malicious intent was intended.
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Not at all. I just find all the name calling and personal one up personship banal.

It's a 5 bed detached if you want to be accurate. Its nothing special though. I'm an ordinary guy and haven't claimed otherwise.

[tickboo] 06/9/2018 10:12

Having spoken and met with Cairn employees a fair few times they seem straight up to me and a disaster like that will make them even more vigilant.

[mick1909] 06/9/2018 10:06

Ive got no hatred as i said someone put it on the forum some time back and i put he is not to be trusted if it were true hardly warrants alot of hatred?

[thefozzer] 06/9/2018 10:06

Wshak,

I thought it was very telling that Schlumberger have gone straight for the gas. The gas is primarily why the super majors are in Georgia, right? Assuming this, then the past ten years for FRR exploring the shallow oil is of little relevance to this new paradigm, surely?

Any thoughts on a placement timescale? Tom's blog has been banging on about one for months and months now. Even Loggy admitted he got the initial YA payments wrong

[wshak] 06/9/2018 10:02

thefozzer,

The timing of any placing is not in FRR's gift - it is entirely dependent on someone willing to offer them a reasonable sum of money.

For example, should I want to offer FRR $5-10m at 0.15p today, I am in no doubt that I could get the deal done within 72 hours.

It is not the lack of desire for cash on FRR's part that is delaying a placing - it is the lack of desire on the part of anyone to offer it.

I said the same thing about UKOG at 6p, where they were offered money for shares at 2p. They eventually went for a death spiral instead, regretted it and ended up placing at 0.9p, where I closed my short.

[tickboo] 06/9/2018 09:59

Joe king et al have been banging on about placing a for months and I mean months. I'll be interested to know what the interim figures will show. This was a post on LSE yesterday -Due end of Sept should include decent revenue from T-45 which could provide similar income than the same period last year (even if oil that is produced in June is sold in July and monies received early Sept due to 45 days payment it should still be included in the H1 Accounts as the oil was produced in the period). H1 2017-- Revenues from crude oil and gas sales totaled $1.5 million. -- Net loss of $11.4 million, or $0.001 per share on a fully diluted basis. Obviously they'll still be a big loss for the period but it should hopefully be over 100%+ in terms of revenue against the $1.5m last year. This period (H2) should be better still, assuming the bopd hasn't dropped off too much. I hope we get an update before the interim report.

[thefozzer] 06/9/2018 09:55

Loggy,

You got very upset about my semi in the burbs quip. Anyway, no malicious intent was intended.

Have a nice day.

[thefozzer] 06/9/2018 09:53

Wshak,

Thank you for your thoughts, I'm always interested in another pov.

You still haven't answered my question and the "placing" and timescale.

Cheers

[wshak] 06/9/2018 09:49

tickboo,

The NOMAD in FRR's case has performed a terrible job, IMHO.

They have enabled FRR throughout their stock market history in misleading investors, and allowing them to delay releasing bad news. Sadly, there are plenty of NOMADS out there who are willing to look the other way in return for an annual retainer - it's the main problem with the AIM market.

[loglorry1] 06/9/2018 09:49

Fair enough WShak. I think there is enough hate in the world without that sort of thing.

I'm actually not the sort of person to get outraged by this sort of thing and I'm often told off for stepping over the line myself.

As you say though it's always a red flag when the bulls have to resort to name calling. It means they can't argue their case properly.

[tickboo] 06/9/2018 09:44

You said any NDA would have to be RNS'd and this has. The NOMAD will have signed off on 2 majors who have attended management meetings (possibly one major suggested zone 19?) and extensive site visits. My bet is they've spent many days in Georgia which is time and money and means they're serious. Time will tell.

[wshak] 06/9/2018 09:39

Yes, things do change in life, thefozzer.

The skill in investing is to judge how likely that is to be the case, and to place one's bets accordingly.

I have always made a great deal of money by betting against FRR ever delivering on their promises or nudges and winks.

[bumpa33] 06/9/2018 09:38

The over 2p days? I remember the over £1 days!

[wshak] 06/9/2018 09:36

I wasn't disappointed, Log.

Happy for Mick1909 to leave the comment up there so everyone can see what he's about.

[thefozzer] 06/9/2018 09:36

Wshak,

It could actually be as simple as B12 and Georgia as a whole could contain masses of conventional deep gas reserves and Big Oil wants in.
The fact Georgia is now aligning with the EU and that pipelines are now in places makes the case for Big Oil making their move.

I'm not denaying the oil campaign failures of FRR in the past but things change. It's that simple. Things do indeed change in life.

[g2theary] 06/9/2018 09:35

Profit taking is done here now by the looks of things. These are sure to rise on the gamble factor if a deal arises with a major these will jump immensely. I've watched and been in and out of these for years. I even remember the over 2p days :)

[loglorry1] 06/9/2018 09:32

Mick that was a very disappointing comment. Perhaps you should edit it out?

[thefozzer] 06/9/2018 09:24

So if your theory is to be proved correct Wshak then a placement must be imminant?

Is it fair of me to say if there's no placement in the next month then your theory becomes false? Does your theory include a timescale?

[wshak] 06/9/2018 09:22

Mick1909,

O&G staff would, at the very least, visit a site and hold a meeting. That really isn't a big deal.

What is a big deal is the inability to produce any kind of sustainable flow rates after months of waiting.

[wshak] 06/9/2018 09:20

thefozzer,

FRR have been looking for funds for months - no-one would give them any, not in any size anyway.

I assume the latest ramp is to help a death spiral outfit sell forward, thereby offering them a risk free profit in return for funds.

FRR isn't a liquid stock so it needs a regular pump, now and then to get shares sold.

[bumpa33] 06/9/2018 09:16

With FRR it’s a case of show me the money, they’ve lied consistently and prodigiously the last 13 years so it’s a stretch to say this time is different. Let’s see what, if anything, happens next.

[thefozzer] 06/9/2018 09:15

Wshak, thank you for the reply. So you think the placement is currently being worked?

What if there's no placement in the next few weeks/months? Your theory then becomes flawed. Wouldnt you agree?