Frontera Share Discussion Threads

[thefozzer] 05/10/2018 14:00

Loggy,

The major interest was in an RNS and the arbitration was in RNS.

There was no new info. What investors for was some clarity.

[thefozzer] 05/10/2018 13:59

Loggy,

The wells are still being poked at. Why give the market flow rates which could be inaccurate?

Ref YA, do you honestly think they take FRR to court and engage in a costly lengthy legal battle? Dream on. They'll resolve the situation and YA will get either shares or cash as per the old agreement.

A deal is now very close Loggy. Unless you think Zaza is a world class actor?

[loglorry1] 05/10/2018 13:53

If the T wells are still being tested what do you want FRR to say?
----------------------

They could give test results for the first 60 and 90 days as promised. They can do that and then go on to say that they are conducting further tests. It's really not that hard and there is nothing to stop them. Zaza was asked directly if the NDA stopped them releasing this and he dodged the question.

Re YA are you saying that they have not served a default notice on FRR?

[thefozzer] 05/10/2018 13:52

Loggy, what price sensitive info was revealed?

[thefozzer] 05/10/2018 13:51

Loggy.

If the T wells are still being tested what do you want FRR to say? We got initial flow rates and now the wells are being tested still. Makes total sense to me.

You're fantasizing about YA Loggy.

Good luck with your 0.38 short, you'll need it.

[thefozzer] 05/10/2018 13:45

Tune,

This 15%-20% rise is their warning. This is the real deal. Not sure what the share price will do, AIM stocks seem to spike up followed by a sell off these days. This may just continue up, no idea what investors are thinking.

I'm certain commercial terms of a JV are now starting.

I think we could be just a few weeks or months away from major news.

Good luck, we are nearly there.

[loglorry1] 05/10/2018 13:45

Guys I've listened to most of the audio now.

Looks like it went completely as expected. A bunch of people asked very easy questions of a charismatic CEO who just batted them back with the answers the questioners wanted to hear.

The level of questioning wasn't good enough to know what is going on. For instance

Q. Are the NDAs stopping you releasing flow rates as of now?
A. Dodge the answer and waffle.

Then absolutely no come back for dodging the question.

Q. Do YA have a good claim against you.
A. No not really.

On that last point I think you guys need to wake up. YA have put FRR in default. That's what's been admitted by FRR in an RNS. FRR have denied they have cause but that would always happen. I'm reliably told that from this point there is a period where that default can be "cured" e.g. YA settle with FRR after that it's off to court where YA can seek a winding up order and take any assets they can find. Given the gravity of the situation why do you think the response above was appropriate?

The other point to make is that clearly there were some price sensitive info disclosed which has not been in an RNS and there was no NOMAD representative present.

I didn't think the market would react as well as in prior sessions like this it has sold off. I've added to my short at 0.38 today. No @fozzy that isn't my average!

[mick1909] 05/10/2018 12:52

Wheres the shorting crew??

[mick1909] 05/10/2018 12:52

Blue vistaNothing odd RJB. The super majors literally have SUPER COMPUTERS and take FRR EWT data and plug it in to their models. They predict the the scale of the reserves, flow dynamics etc etc. ZAZA confirmed the super majors have fed back that by their calcs, the recoverable asset is greater than NSA's CPR and FRR's own estimates... AND their estimates are that the input cost will be less than we predicted... no wonder they're all over Block 12. This is a global O&G play, literally under our feet. As Wishfulthinker will attest when he literally walked through puddles that had seeped to the surface, during our intrepid friends visit last year.

[fulhamjohn] 05/10/2018 11:57

I'm really worried - where is Stan?

If you have seen him around in Bradford - possibly sitting outside the local mini-market or beside a cashpoint - please let me know.

Since he was outed as Bantamboy he's gone to ground. Now with the FRR share price starting to motor his world (such as it was) has come to an end.

If you see him give generously - but buy him a cheeseburger and fries. Don't give him money or he'll just squander it on imaginary Harley-Davidsons.

Just let us know you safe Stan/Bantam. Please

FJ

[fulhamjohn] 05/10/2018 11:43

thefozzer
5 Oct '18 - 09:14 - 20505 of 20516
0 0 0
"Morning Bumpa,

Slam dunk sell at 0.31p? Pity anyone that took your advice."

I think it was actually 0.28p to sell.

Hope he's worked out how to pay back his debts

[thefozzer] 05/10/2018 10:17

Just to add any deal with either of the Majors won't be Take over for now according to Zaza.


This makes totally sense. I can see a situation where Acme oil funds "X" amount of Oil and Gas wells and if the going is good that's when you'll get your full take over.

[thefozzer] 05/10/2018 10:06

Ref cash flow.

Like I said last night, I don't beilive the T wells have been put into full production mode, If they had been I think cash flows would have increased and YA paid off and things would have moved onto Niko with the hedge fund.

STOP!!! All change. The T wells are now being further tested and poked and prodded at. I get the impression this testing is the super Majors due diligence process. A new CPR is not required for this deal to go though. A deal could be done just on the data from the three T wells and the Ud2 data.

Not sure what else to say, I've waited this long so I can wait a few more weeks and months.

[thefozzer] 05/10/2018 09:47

Dodge.

This is only my take going off What Zaza said and how he said it.

I think money is very tight, I don't think Zaza wants to pay back YA in shares but I think there's a chance they may get a couple of share payments. There won't be a share placement to pay back YA, that makes no sense from any angle. I think YA is honestly the least of Zaza's concerns right now. If there's a transaction with Super Major, I think they'll free carry FRR on "X" amount of drilling.

Thoughts are that Zaza is spinning plates with the Super Majors, cash flow and YA.

I think this is going to all happen faster than people realise.

I keep saying, either Zaza is an Oscar winning actor or he was telling the truth.

[dodge city] 05/10/2018 09:40

Fozzer,
What is the situation re YA, it seems very unclear.

They may want to do a placing to get YA off their backs.

[thefozzer] 05/10/2018 09:30

Zaza talks for 90 mins pure Q&A. There was no spin or fluff or power point fillers.

The beauty about being in the room is that you not just hear the person but you see them.

Zaza had a totally different demener. Gone was the stuttering and sputtering and trying to "sell" the company. He sounded like a man about to land a massive deal. Btw Super majors are your BP, Total, Shell, ENI and Exxon type companies.

Like I said. Either Zaza is an incredible actor worthy of an Oscar or he's telling the truth about the Super Majors.

[10p here we come] 05/10/2018 09:25

1p on the rally this time?

[thefozzer] 05/10/2018 09:24

Dodge.

It's good to be cynical.

I honestly don't think there's a placing. I think money is very tight though. My honest thoughts are that Zaza is trying to haul the company across the finishing line now without paying YA in shares or diluting shareholders. I think there's the risk YA could get one or two payments untill FRR cross the finish line this year.

If there was no deal imminent I think the T wells would have been put straight into production instead they are being tested and poked at. These 3 T wells and Ud2 will be the basis for the deal.

[ccr1958] 05/10/2018 09:16

😂😂😂😂