Frontera Share Discussion Threads

[ccr1958] 12/9/2018 08:32

Shorters sounding desperate today. ....sorry for ot but while we wait hot money flying into GKP .. placing price of 274 going to be under attack.

[dodge city] 12/9/2018 08:28

There's not enough flesh on the bone to justify 50mill mkt cap.

[thefozzer] 12/9/2018 08:02

Well said Jack.

It seems Loggy has no issue with J.king and Walter posting 50 times a day but when I post with a view point he doesn't like he gets a bit irked.

Good luck.

[jackthelad5] 12/9/2018 07:58

Loggy - there's nothing to shout about because there's nothing to say on the matter - it's become a total non issue as far as I'm concerned - view obviously shared by the major's for them to get involved - in fact as alluded to by foz it may even be because of them. Either way I'm not concerned. So your opinion is we're desparate because you count 20 messages on the subject? Maybe that's because you, wshak and TW for that matter just aren't getting it? I'm not even going to start counting the number of yours and wshak's posts on the subject lol

[thefozzer] 12/9/2018 07:56

Loggy,

I'll post a hundred times a day if I like. It's a free country and this is a public BB and not a closed email/Twitter group. I'm posting here till 1p btw.


"If the arbitration was over Zaza would be shouting about it." You really honestly think that? I dont. I think the whole episode was highly embarrassing for the Georgian government.

"If the T wells were flowing commercially consistently he'd be ramming news down every news channel he could" Really Loggy? Even with 2 Majors looking to do a deal with FRR and an NDA in place?

"If the Niko partner had paid up he'd say so." Who says FRR will ever drill Niko? Maybe one of the majors will now take the lead.

Loggy/WShak...its all very wishy washy from you. I'm disappointed, I thought you could do better? Fact is YA is being paid back in cash, hard to stomach I know as this doesn't support your short.

Just a view lads.

[loglorry1] 12/9/2018 07:44

Wow a bit desparate there bulls. 20 posts a day saying there's no placing and everything is ok. Meanwhile the bottom drops out of the price.

If the arbitration was over Zaza would be shouting about it. If the T wells were flowing commercially consistently he'd be ramming news down every news channel he could. If the Niko partner had paid up he'd say so.

[thefozzer] 12/9/2018 07:38

Loggy/Wshak,

Any ideas what's going on with the "request" for arbitration? It's all gone very quiet hasn't it. There's nothing on the net about court papers being submitted.

I wonder if the initial reaction to Exxon pairing with FRR triggered a panic response from the ministry? If it did it now appears that the wheels have been greased as things have gone very quiet eh? For Frontera to now RNS the two majors suggest to me that if there was an issue that it's now a non issue.

Just a view lads, just speculation.

[jackthelad5] 12/9/2018 07:32

From poster on lse - current price of oil will certainly be helping the pay down of debt - one big reason why the bears case for a placing over the last few month's has not materialised imo

@750 Bpd * 68
Now
@750 Bpd * 80 is $9000 per day difference
0r 900*300=270,000 which is roughly the payment to YA per month.
3 months:
@750 Bpd * 140 is $54000 per day difference

Those are lots of bobs.

B. Typing
I should have typed:
0r 9000*30=270,000 which is roughly the payment to YA per month.

[thefozzer] 12/9/2018 07:17

Great posts Jack,

I've been following FRR and Georgia for a while now and the politics have held up the development of this company. Well it seems that all the stars are starting to align in a way I've never seen before.

Our time is now, 2018/2019 will be transformational for the company, Georgia and the share price.

Just a view.

[jackthelad5] 12/9/2018 07:02

Mamuka Bakhtadze: We must focus on the European market because the EU is our main trade partner
2018-09-11



At the Tbilisi International Conference organized by the McCain Institute and the Economic Policy Research Center, Georgian Prime Minister Mamuka Bakhtadze emphasized in his reply to a question about Georgia's role in the modern world that we must focus on the European market because the EU is our major trade partner, and this is what our strategy is about.

Chief Columnist for Financial Time Edward Luce inquired whether or not more attention must be paid to the One Belt-One Road initiative in light of Georgia's location on the crossroads of civilizations, also the fact that China is actively building infrastructure to connect East Asia to Europe, this way possibly becoming a counterbalance to Russia.

According to the Prime Minister, Georgia enjoys free trade with China, a country doubling its presence in eth countries along the modern Silk Road.

"Georgia is a gateway for many landlocked countries in Eurasia: Armenia, Azerbaijan, Kazakhstan, Turkmenistan, Tajikistan, and Kyrgyzstan-eight landlocked countries. Of course, Georgia has its role in these infrastructure projects. China will become more and more active in the economies of these countries, but for us, as I mentioned, our aspirations to become part of the EU affect also our economic strategy. That is why we believe that the European market should be main for us, and let me remind you that the EU is our main trade partner, and we have to increase our exposure over the European market, and that's our strategy," Mamuka Bakhtadze emphasized.

Prime Minister's Press Office

[jackthelad5] 12/9/2018 06:15

Great couple of posts there Foz looking forward to the next few weeks here

[thefozzer] 12/9/2018 05:43

Exxon moving into Georgia is all about geo politics and reducing the strangle hold of Russia over Germany and the other Euro states.

Exxon will have the full backing of the Trump government and the Georgian government are currently performing a huge pirouette on the countries gas production potential. The deeper zones at the T field will be hugely attractive with oil at $80 but it will be the gas potential that is the long term game here, Natural gas is the future.

Never bet against the USA, whatever noises China and Russia makes the USA is still the top dog on the block by a long way. Personally I think this is a very good thing too.

Just a view.

[thefozzer] 12/9/2018 05:16

Jack,

The de-rampers are banking on an imminent placing. So far Zaza has disappointed them, they didn't expect the spike which triggered plenty of stops and I think the next spike will wipe out the bears.

Anyway, I like the figure of 500bopd but I think it may be a little less. I'm assuming that the lower zones have dropped off quite a bit but that zone 19 is still flowing strong. In this light I think the combined flow rates between the three wells are around 370-400bopd. This figure does not include zone 9 which can produce around at least 30bopd. FRR will be producing from other wells so total production from the entire field could be around 450bopd.

I note that oil is at $80 now, Steve said FRR sells it's oil at brent prices -10% so FRR will get around $72 per barrel which will be generating just under a million dollars per month. I think FRR may well be just about breakeven now which is the reason there's not been a placing. At any sign of cash flow issues YA will start getting shares instead of cash payments. That's the reason Zaza did the two pronged deal with YA in such a way as to mitigate potential cash flow issues.

Ref the two Majors? They are awaiting EWT from Zone 19 which will now be the primary zone to be exploited from the T field. Think about it, before committing tens or hundreds of millions of dollars to a field you'd want more than 8 weeks of production especially from a field which is know to have problems.

When the EWT have been completed to the Majors satisfaction I believe a deal will be announced. I believe a deal will be announced this year.

Georgia is making all the right noises about oil and gas exploration and its support for US companies in particular.

Try and ignore the share price for now. I think FRR could be sat on a 300+ million barrel oil field if recovery rates could moved from 15% to 30%, at 5 bucks a barrel in the ground value that's $1.5 billion at 10 bucks that's $3 billion.

Then there's the gas which is surely the reason for the Majors interest.

Good luck, ignore the walter mittys and DYOR.

[jackthelad5] 11/9/2018 22:41

Foz - it really does smack of desperation this placing by the bears - they're out of ammo and it's the only thing they can think of to keep banging on about - my gut feeling is the 3 wells are producing 500 bopd or more as the EWT continues so a nice bit of extra revenue given oil touching $80

[jackthelad5] 11/9/2018 22:35

"Just got off the phone to my broker" - yeah that old chestnut yawn - yep news soon big rise coming here

[thefozzer] 11/9/2018 21:46

Mick,

There just a distraction now. They all got caught out on this recent spike as their stops got triggered. I think there about to get stopped out again.

I'm predicting another even bigger spike. I think Zaza will have news very soon.

Good luck.

[thefozzer] 11/9/2018 21:43

Jack,

I think T39 oil is mitigating the need for a placing. The bears have become hung up on a placing as it's all they have now.

I've asked the bears why haven't FRR issued shares to YA if the company is out of cash.

Do you remember what the great WShak came up with? Correct me if im wrong wshak/loggy but he suggested FRR could have borrowed the money from a bucket lender to pay off YA??? That's simply a bizzaire idea. First question I ask myself is WHY? Why not issue shares to YA, it's cheaper than arranging a placing.

I think FRR are closer to a deal than the market realises.

Good luck.

[mick1909] 11/9/2018 21:36

We have seen higher lows get your facts correct are you inadequate to read charts 0.06p lowest low then 0.1p 2nd low then 0.21p recent low and we have seen higher hiighs 0.41p then 0.88p and the third wave is in progress You have spouted sell sell sell on numerous shares with no justification your an idiot and probably one of joekings multi ids

[mr maestro] 11/9/2018 21:16

Just come off the phone to my Broker.

He said not to become complacent regarding a suggestion of no placement.
He also warned that smart investors will have sold into this latest spike, which was a lower low.


He said SELL before the lows reappear.

Trust me, SELL SELL SELL

[jackthelad5] 11/9/2018 21:10

Also there hasn't been a placing NOT because they can't get one away but because they are generating sufficient revenue every day to cover operating costs and debt. The idea they couldn't get a placing away is just a complete fantasy

[jackthelad5] 11/9/2018 21:07

Good positive stuff Foz - perhaps all that lobbying is paying off lol - on the subject of placings am sick of hearing it. Wshak, TW and all his shorters should just accept that after all these months of harping on about a placing that hasn't materialised that they got it wrong - simples