Frontera Share Discussion Threads

[jackthelad5] 08/9/2018 19:57

Three emerging Europe countries amongst best 12 in the world to start a business
September 8, 2018Emerging Europe

"Three emerging Europe countries: Georgia, Kosovo and Estonia, have been included in a new report which highlights the 12 best global economies to start a business in 2018. Using data from the World Bank, online marketeers Reboot Digital Agency delved into research to discover the best economies to start a business in 2018"

"Georgia came in fourth. The country has made great inroads into cutting bureaucracy and simplifying tax procedures over the past few years, and is now widely recognised as being one of the easiest places on earth to do business."

hxxps://emerging-europe.com/business/three-emerging-europe-countries-amongst-best-12-in-the-world-to-start-a-business/

[jackthelad5] 08/9/2018 19:56

'Why in the name of Satan does our county need a Greggs?': Bakery chain sparks fury after it opens its first branch in Cornwall - but it says it WON'T sell Cornish pasties

Well Stanley we know which Greggs you'll be queuing up at from now on for ya 2 for 1 pies for you and ya fat slags LOL

[thefozzer] 08/9/2018 16:29

Stanley,

What do you think, if Exxon buy out Frontera for $3b will Exxon be able to use Frontera's 400m cost recovery pool to offset against profits?

Say FRR did a partial transaction of $2b but retained a 5% free carry on the B12s MK gas do you think the gov would allow FRRto use the $400m cost recovery pool? Sledgehammer to crack a nut Perhaps?

Sensible answers only.

Good luck, see you at the 2.5p party.

[thefozzer] 08/9/2018 16:12

Stanley,

Chillax brah, you have 40m shares. If these babies get to 2.5p which is very possible if Zaza drops the E bomb you'll be a millionaire.

Whoop whoop!!! Free bar for the night at the pub on "that" RNS?

[thefozzer] 08/9/2018 12:15

Loggy,

That's small cap investing for you. Things can change in a flash of lightening on the AIM for better for worse. Isn't that what attracts investors to the AIM? Dana petroleum, Cove energy, Dominion Petroleum, XTO the list goes on and on. Big Oil is feeling flush with high oil prices likely to be the Status quo and is now looking for new fields to invest in.

I said Ud2 was the biggest drill on the AIM and I believe it will turn out that way. The Majors will have seen the data from Ud2 and be looking at Steve's 202tcf gas in place claims in a much different light. 202tcf is bigger than Shah Deniz...much bigger. The oil will be a nice little cash cow for one or more of the majors depending on how the deal is done.

Anyway, what' going on with GKP? I thought that was a proper oil company, looks like there's an uprising brewing in the country FFS!!! One minute GKP is looking like a sure thing at 300+ the next minute an uprising happens and everything changes...Arrrhhh well that's investing for you Loggy.

[loglorry1] 08/9/2018 11:14

You lot have swung from mild depression and generally accepting most of the T wells had failed to now believing that you are sitting in a multi-billion bbl oil field with majors desparate to farm in.

This is based in a an NDA signature and early stage talks with absolutely no evidence that the parties involved are interested, to what extent they might be and even if they are what value they'd place on the assets.

While this transformation takes place nobody seems at all bothered that in all this time there's never been a single sustained commercial flow rate. Oh yeah forgot the NDA is preventing it. How convenient.

It's amusing to watch keep it up.

[thefozzer] 08/9/2018 08:30

The real SMB from iii,

I hope he doesn't mind me posting his post here. I will be back on iii to say hello once this hits 1p

More thoughts Apologies for the typos in my last Niko titled post; typed it on the iPhone while riding in the back of a taxi. Anyway I think most got my gist i.e. had Niko deal went ahead, I would have been less enthusiastic about the farmout discussions with the Majors because (for me, operationally) it makes more hassle to have this one well in the middle of a billion barrel oil field being managed by another company. Whatever the case, we do hope for a speedy conclusion, otherwise it’s back to that lil of investor for the Niko well which, incidentally, is already a proven oil well. Also worth saying that all the twitter feeds/pictures we got at the start, middle and end of the oil campaign was essentially for the consumption of external interested parties and the Georgian Govt. Since that time, we have been reduced to general Georgia economic stuff…maybe because by that time they had hooked the major parties? Also, I don’t think we have given SN and Zaza enough credit for managing to negotiate and secure two Industry Majors at the same time. Normal business practice is that when you sign an NDA, discussions with other parties cease immediately (first one to sign on the dotted line wins and becomes preferred partner). So, how has FRR managed to keep equilibrium between the two heavyweight Majors? Surely it would have involved lots of back and forth and lots of discussions. Touché Team-FRR. Hence my earlier comment that one Major may be for the oil and the other for gas I.e. not overlapping but potentially complimentary on operational resources and infrastructure. And as a tripartite partnership, you have strength to take on the Georgian Govt (in case of illegality) because is a huge block. As a sanity check, worth saying that we don’t know if it is Exxon or even a British company or even Europeans involved. We don’t even know if a deal will be struck after all the talks. But what we do know is that any farmout in Block 12 has to be approved by the Georgian Govt, so is this why Exxon and Repsol were meeting Georgian officials earlier in the year? And we don’t know on what commercial terms, could be good, could be not so good. So, for investors we arrive at a ‘judgment call’ based on the information disclosed thus far. Do we buy more, hold and reduce. But I will tell you, it is great entry point as the S/p is still struggling to topple the last few fund raises, so you are essentially buying at a discount. Make your mind up time. Anyway, I truly do hope it’s Exxon because it will partially validate LTHs theory that FRR will be clearing the path for Exxon in former CIS countries to come in and develop the oil and gas reserves and help liberate Europe energy dependency on Russia. Moldova next… another massive block FRR secured on a 50-yr PSA, against mass public protests (you can see the TV clips on YouTube). And Ukraine remains at a ‘discussion point’ but may be announced shortly after a deal(s) is closed in Georgia.

[jackthelad5] 08/9/2018 08:26

07 Sept 2018
Price: 0.38
Georgia-focused oil & gas firm Frontera Resources rocketed 65 per cent higher to 0.3p over the week as it revealed the possibility of deals with ‘industry majors’.
The company also said it had signed a non-disclosure and data exchange agreements with two parties, while also engaging in technical work and commercial discussions for a potential partnership deal.

As a result of the discussions, Frontera said it had been conducting extended testing of its wells in order to ‘better establish production capabilities’.

[thefozzer] 08/9/2018 07:09

That's right Mick,

The problem with Loggy and Wshaks mindset is that previous campaigns mostly focused on the lower zones using outdated drilling techniques and that previous campaigns have not targeted the deep gas aside from Ud2 which could be viewed as a technical success by the two Majors.

I can only assume it's the gas the majors are interested in so past oil campaigns have little bearing on this.

Just a view

[satanslave] 08/9/2018 06:56

jim..
Frontera are in a right pickle now,
the three wells have failed miserably,
they are no where near commercial value. .
so ..to further delay flow.rate results, they have cobbled together this story (again) about being in discussions with big oil companies.
but with no solid information about the discussions (again)..purely to buy more time (again)..to think about their next move (again)
it's being going on for well over 15 years now. .
so can we believe a word they say?
make your own mind up,
I've just stated true & honest facts,
proved by all the countless Rns's they've written themselves, and not delevered upon.

[mick1909] 08/9/2018 06:54

Agreed foz thats exactly what they its because of past history they are in this mindset which is being very complacent if a placement is being worked shouldnt the share price be going down with pre selling?

[jimarilo] 08/9/2018 05:28

The recent rns states they tested commercial flow rates

How many barrels/day have they tested, it didn't say ?

[mick1909] 07/9/2018 23:37

Just to let you all know what happens to the data that has been supplied to the Majors. The data is fed into a mini super computer and this produces a 3d image of the area around the well showing rock composition, pressure and minerals. The better (detailed) the data the better the images produced. Each well will be superimposed on the next and all of the EWT will add to the picture. This will produce a field picture (a projected image in 3d and is marvellous to see as you can walk around it) - BP call it the halo). This takes a lot of guesswork out of where to drill and how deep and therefore reduces risk and cost. This data collection is what FRR have been doing and I suspect the majors have been assisting and getting them to add further data to complete the picture as FRR will not have the equipment/expertise that the majors have - hence the delay and extra time required. The majors that have gone into this (NDA) would only do this if there was a high (P70+) that they would get something out of this. Don't forget NSA have had the basic data (a few years ago) and come out with positive news on the gas and oil in the ground and now we have oodles more data and even Georgia are now convinced block12 is a game changer. How long will it take only the majors know as they will have a total feel of what is there and how to develop the field. It may take Billions to fully develop the field so they will carefully study the 3 well drill/flow rates and then extrapolate that over a field - then you need to factor in politics of the region (at least that seems more stable). The market is there, the access to market is built and the cost of extraction is low. Just a matter of sitting and waiting and not looking at the daily share price as if this comes off then we will be kicking ourselves that we should have bought more a lot more. 

[mick1909] 07/9/2018 23:33

I do not like putting value on assets as there are too many variables.I expect that frr would want to get back there Georgian investment plus a mark up. Saying that I would expect ZaZa to drive a hard bargain but he can only do that if the data stacks up and that he can show that the zones can access the O&G in commercial quantity. If the majors like what they see and are encouraged but their home governments (US/China?) then I would expect that an offer would be forthcoming. As some have suggested the share price is being held in a low range (for quite a while) to allow individuals to load up. Why I say that is that FRR was prominently owned by PI's and not II's and they can be manipulated more easily. Hence the pressure on the BB by paid individuals. However, they did not recon on a hard core of LTH that are waiting on the fat lady singing that have a rather large chunk of shares.

[jackthelad5] 07/9/2018 23:03

I'll echo that post FulhamJohn lol - little Stanley get your spelling right first then we'll talk about who is still at school or who needs to go back to school LOL Anyway what happened to your usual post of "it's carnage ffs! 65% down can buy for .15 sell sell sell" LOL I think we all know who the child is here maggot breath. I sense you finally accept this is on it's way up so we'll done for finally realising this Dirky boy bwahhbwahh