Frontera Share Discussion Threads

[mick1909] 06/9/2018 21:55

after 60 days they'll be happy with the fact that the flow rate for T-39 has been stable throughout as a result of excellent pressure requiring hardly any stimulation at a rate of at least 250 bopd. Maybe just maybe because the pressure is so good they may test further with increased choke to see if they can do perhaps 500 bopd on a sustainable basis. Whatever the tests they are doing as we speak the big players obviously like what they see for FRR to announce their involvement especially AFTER 60 days EWT has finished. That itself I find very reassuring.

[jackthelad5] 06/9/2018 21:13

Now that would be something - but in the short term even if that doesn't happen I'll look forward to seeing all the shorters being burnt to a crisp like Satan the clone

[mick1909] 06/9/2018 21:07

Jack think it might have been symorebottoms on iiiI think the concerted effort from the shorters show how desperate and worried they are im praying for a suspension pending a buyout zaza in the meetings says he detest the shorting brigade

[jackthelad5] 06/9/2018 20:59

Mick - sorry got distracted by Stanley the clone up to his usual tricks again - yep great post whoever wrote that :)

[mick1909] 06/9/2018 20:54

Good post on i.i earlier today .....................HPC - I think it's fair to say conventional company valuations are out the window following the last RNS where farmout discussions are taking place with two Industry Majors. Just as a refresher, according to WHI, just three zones on Taribani are worth $484m and that just for Eldari A formations. Now, we have added Eldari B via T39/Zone19, but on top of that, there are multiple zones down to 5,000mtrs. Plus the deeper they go, the better the pressure and more natural flows. So, what valuation for all that? This is a proven field/Basin with at least 1bn barrels of oil in place in Taribani. NS&A CPR say 15% recovery but that CPR is atleast 5-8 years old [cant remember].Also, we now know that Majors are 'hands on' and are directing FRR on the current testing program [well, that is the reason given for not announcing flow rates yet!]. So, is it fair to assume that a deal is closer than further away? I think so. Plus with this proactive operational involvement, the risk of "walking away" looks low. I don't think it was coincidence that Exxon sent a large technical team to Georgia just in April, which would have been after months and months of pouring over the data and drill logs. Also, consider that the gas resource will attract a massive value as the two Industry Majors seems to be focused on separate resources i.e.one on gas the other on oil. A deal on gas of some kind, what value to the S/P that has at least 5.8TCF of recoverable gas just on MK.Anyway with the success achieved at T39 in to Eldari B, fair to say that the $484m valuation form WHI looks a low but will not say what price. At 10p, we are looking at GPB1.5bn - easily achievable if they can bag the two Industry Majors.Finally, I do not believe that B12 will be sold lock stock & barrel because FRR will want to recoupe the $300M in cost recovery pool [cant see Majors refunding them!]. So, if they held on to just 10% of the Block, they will slowly claw back all the exploration costs over time - money for nothing

[mick1909] 06/9/2018 20:24

Another thought has occurred to me as well....whoever the major players are (Exxon & BP would be nice) it is certainly more than a coincidence that this news lands 2 days after the 60 EWT period for T-39? So they have been given access to the data along with the results up to the 60 day period let's assume and are happy for Zaza to announce this news! So my take on this is that this could develop pretty swiftly and a deal will be done with them and announced at the same time the flow results are released. This way the major players get everything signed sealed and delivered and once this happens would protect them from any competition trying to muscle in before a deal is done if the flow rates were to become known.

[mick1909] 06/9/2018 20:23

Thats a badly written article the terminology is poor its like a teenager has produced it waseem writes better on this forum??

[tickboo] 06/9/2018 16:23

Wow, I'll sell for 0.36 and buy for 0.15, silly MMs. Too easy.

[loglorry1] 06/9/2018 16:14

@fozzy have you ever heard of "confirmational bias" ?

I'm off out climbing. I won't be going there in a Aston Martin either. I'm just a regular guy.

[mick1909] 06/9/2018 16:12

Not sure if you ise IG loggy but note of cautionJust 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] 06/9/2018 15:59

Do you know any pro traders with sloppy trading disciple Loggy? Sorry, no need to answer.

[loglorry1] 06/9/2018 15:55

That's the second time you've posted it. Feels a bit desparate to me.

Gotta love the way he says

"For FRR to get them to agree on todays RNS tells me that an in principle deal has been agreed"

Yet the RNS clearly says it's "early stage" - no doubt that was insisted upon by the nomad. Thus I'm afraid he's just another bull getting overexcited. I know a couple of senior people who work for oil super majors and both are clueless about AIM resource companies.

[thefozzer] 06/9/2018 15:47

Great post Mick,
Yep he knows his onions that Regdik. Nice try though Loggy.

[mick1909] 06/9/2018 15:41

Jack regdik knows his stuff there alot of knowledgeable posters over there