Frontera Share Discussion Threads

[thefozzer] 17/9/2018 10:19

You'd have to be brave to bet against FRR legal team, they always win. LOL

[thefozzer] 17/9/2018 10:18

Loggy,

Any ideas when the settlement date is for YA? Ouch :-(

[thefozzer] 17/9/2018 10:16

Has there ever been any genuine good news from FRR?
_______________________________________________________

1) 202TCF internal gas estimates

2) NSA 9tcf+ gas estimates

3) 250 bopd T39 flow rates

4) 2 majors looking to potentially do a deal with FRR

Not bad eh?

[loglorry1] 17/9/2018 10:13

Has there ever been any genuine good news from FRR?

Plenty of shareholder meetings. He wants your cash because he's put you in default.

[thefozzer] 17/9/2018 10:11

Sounds like we may get a significant update before October...

[thefozzer] 17/9/2018 10:10

Anyone know the settlement day for YA?

There could well be a short squeeze :-)

[tickboo] 17/9/2018 10:09

I agree I doubt Zaza would turn up without some form of good news. H1 due end of next week and hopefully some ops news with it. T-39 started EWT on 4th July so first week in Oct will be 90+ days. Hopefully we get some flow rates before the meeting. 250bopd with a 3mm choke and gas being produced which ensures the pressure is still good so oil should flow. We'll see.

[thefozzer] 17/9/2018 10:00

Wshak and Loggy do seem very desperate today.

This really is a storm in a tea cup. If YA broke the terms of the agreement and greedily forward sold shares in September on the day on the JV RNS then let them burn I say...

[tickboo] 17/9/2018 09:59

Agreed, someone selling without a fixed price needs their head looking at. There's going to be a shareholder meeting early Oct.From LSE - Well the interim results RNS will be with us by a week Friday so we'll have some kind of news for definite. Hopefully gas and oil sells are nearly double where we were last year ($1.5m) and more importantly we have some ops news to whet the appetite. I doubt Zaza will bother meeting us without some optimism delivered in an RNS.

[ccr1958] 17/9/2018 09:57

Tick , if one is a panicker,FRR and indeed most of the aim is not the place to be ...

[thefozzer] 17/9/2018 09:52

@fozzy do you know that FRR are legally required to pay YA $2.65m that they don't have?
_______________________________________________________________________________

Loggy, YA tried to do another conversion the day of the JV RNS just a few days after the previous one. YA were obviously selling those shares (they didn't have) in the 0.40s. I think this is the issue FRR have.

Could be a short squeeze on the cards.

[tickboo] 17/9/2018 09:47

Some panic selling first thing, 2m st 0.22, that's gotta hurt. Nearly £2,000 lost had they waited to now.

[ccr1958] 17/9/2018 09:34

An awful lot of mugs buying if this is going down the toilet ?

[loglorry1] 17/9/2018 09:30

@fozzy do you know that FRR are legally required to pay YA $2.65m that they don't have?

[ccr1958] 17/9/2018 09:29

Why create this mess , for no reason ? The recent status quo has been interrupted but why ?

[wshak] 17/9/2018 09:29

So, in summary:

1. No published flow rates for T45, Dino or T39.

2. No money has arrived for Niko as promised.

3. No payment in cash on debt owed to YA

4. Death spiral provider YA has issued a Notice of Default with respect to $2.65m

5. None of the above released to the market in a timely manner.

[loglorry1] 17/9/2018 09:26

Lol @fozzy I'm not talking about RBL. Ever heard of invoice discounting or trade credit?

[thefozzer] 17/9/2018 09:24

Loggy, do you know when YA are legally required to settle shares they don't have? Could get interesting.

[thefozzer] 17/9/2018 09:22

Are you now willing to admit T wells aren't even producing enough cash to pay YA.

Don't give me the it takes time to sell the oil. That's what banks are for or even Zaza could lend FRR the money against future oil sales.
---------------------------------

Don't be daft Loggy. RBL takes time to arrange. Besides I think T45 and Dino have low flow rates, it's T39 which will be the cash cow.

Let's see where this goes obviously uncertainty is never good for investors but I think this really is a storm in a tea cup.

Good day

[bumpa33] 17/9/2018 09:22

Company is flat broke.

How long before the nomad throws in the towel?

[thefozzer] 17/9/2018 09:20

Not just the price Dodge but the validity of the two conversion notices.

Can you imagine a bucket street lender involved in shennagins? Never.

Sounds like FRR have stood up for share holders here. Could well be short squeeze on the cards.

[loglorry1] 17/9/2018 09:18

Fozzy that's possible but if so it won't last long.

Are you now willing to admit T wells aren't even producing enough cash to pay YA.

Don't give me the it takes time to sell the oil. That's what banks are for or even Zaza could lend FRR the money against future oil sales.