Frontera Share Discussion Threads

[thefozzer] 13/10/2018 14:21

How hard do you think it is to give things away?
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I think you'll get the answer to that question in 2-8 weeks.

[thefozzer] 13/10/2018 14:19

I think you're in a complete tail spin Loggy and I think Wshak is fast losing the plot.

If Zaza and the RNS's are to believed, there's two oil and gas majors that could be about to do a deal with FRR which could involve funding new oil and gas wells at Taribani and the MK fields. From the majors interest I assume that the T wells especially T39 and the deeper zones are commercially viable. We know that Ud2 flowed commercial quality gas from the deeper zones but failed to flow commercial quantities of gas due to the well being old and shot to pieces. Zaza has said the next gas well will flow commercial quantities of gas.


Have FRR made mistakes and been unlucky in the past? 100% yes and I've never denied this. Is YA/Outrider and the arbitration a show stopper for the majors going through with a deal with FRR? There's no evidence to suggest they have been put off so far certainly in the case of YA and the request for arbitration.

Will an RNS stating FRR has done a major JV/FO with a major or super major push the share price to new 5 year highs? Quite possibly yes.

[loglorry1] 13/10/2018 14:15

BTW someone mentioned XEL earlier. They were paid I think $5m by supermajor Statoil for data exchange under an NDA. They subsequently went bust. More recently BPC were paid $250k/month for 4 months by a super major who subsequently walked away. They are now pretty much bust.

FRR are giving away their data as nobody is paying them. How hard do you think it is to give things away?

[loglorry1] 13/10/2018 14:00

I'm short a stock that has never delivered oil or gas for 12 years. They've spent over $400m trying. They've missed every target. Even recently they've promised results on UD2 and 3 oil wells and funding for Niko. All missed or failed to report on. Their CEO openly lies at shareholder meetings and on podcasts. They are $60m in debt at least. They are in arbitration with their host government. They are in default with at least two creditors. Their main financier has been a death spiral finance agreement with YA well known to be the last chance of finance. The shares in issue have gone from 50m to 15bn+. There are no institutional holders on the register. The cash position is dire. They've signed an NDA and data sharing agreement with 2 industry majors.

And you guys think I'm worried!

[loglorry1] 13/10/2018 14:00

I'm short a stock that has never delivered oil or gas for 12 years. They've spent over $400m trying. They've missed every target. Even recently they've promised results on UD2 and 3 oil wells and funding for Niko. All missed it failed to report on. Their CEO openly lies at shareholder meetings and on podcasts. They are $60m in debt at least. They are in arbitration with their host government. They are in default with at least two creditors. Their main financier has been a death spiral finance agreement with YA well known to be the last chance if finance. The shares in issue have gone from 50m to 15bn+. There are no institutional holders on the register. The cash position is dire. They've signed an NDA and data sharing agreement with 2 industry majors.

And you guys think I'm worried!

[thefozzer] 13/10/2018 13:55

What are the short crew trying to achieve?

A few categories spring to mind when I think of shorters...

a) They are actually interested in genuine debate about Frontera's prospects. However, the shorters see the chances of failure as higher than success hence they have gone short.


b) They post here to actively try and pursued people to sell in order to drive the share price down so they can make a profit on their trade. Their postings do not take a balanced view and focus on all negatives and worst case possibilities.

c) Some shorters may have mischievous intents and are actively trying to meddle in the companies business affairs and directly influence proceedings. I would class emailing and badgering the Georgian government in such a category.

Not a nice bunch category b and c.

[tune player] 13/10/2018 13:51

Real man pizza and everywhen Limited isn’t a bad place to have a look into also.

[the skipper] 13/10/2018 13:51

And this one:hxxps://sharetipstersuncovered.wordpress.com/2015/01/02/advfn-ditches-shareprophets/

[tune player] 13/10/2018 13:35

Maybe Trem is being bitter because he hasn’t got the money to actually buy stock and be an investor.

Maybe he doesn’t want others to gain as he’s lost doubling down short.

Poor old Trem Kempster

[thefozzer] 13/10/2018 13:34

Mick,

There's vast profits (and losses) to be made from shorting stocks using leverage spread bets/cfd's.

Say you short BP stock from 550 at 100 quid a pop, if the stock goes down to 350 that's 200 times 100 quid profit you made. However, the same goes the other way if BP went to 750 that's 200 x 100 quid looses. Leverage trading is completely different to buying actual shares. If you bought the same BP shares at 550 and have a ten grand invested and they went to 750 that's 36% you made or 3600 quid. Leverage trading is great for active trades due to the margins and slippage.

I'm unsure what leverage the short crew are using but judging by the panic from them here they are getting increasingly desperate and worried. A big spike could wipe them out without a rock solid stop.

[the skipper] 13/10/2018 13:21

The lengths that these scum and their hedge fund associates will go to are aptly summed up in this salutary tale:hxxp://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/

But as I've said before the net is closing and it's going to be very painful for some.

[tune player] 13/10/2018 12:50

Got to agree Fozzer these ladies have turned into FRR stalkers and now love has been lost will do anything to damage it and its reputation.

Trem has resorted to clutching at straws as he ain’t got the £1.5m he needs to trade elsewhere full time. He ain’t earning must councelling id imagine as he spends far to much time here so he may well find himself ending up in a debt spiral.

Shame really because they have been warned.

[thefozzer] 13/10/2018 12:46

When I say emotionally involved I mean very emotionally involved, comments such as "I've never been wrong" and "check my track record" suggests a type of arrogance and perhaps ignorance which are not conducive traits for successful investing.

Come what may, I think we're to have some resolution here.

[thefozzer] 13/10/2018 12:08

Wshak,

When Zaza said he wasn't planning to issue YA anymore stock there wasn't two super majors interested in doing a deal with FRR.

Since Zaza made those comments the T wells have been tested and not been put into production hence cash flow constraints.

I accept things have changed dramatically for FRR and for the better. I accept the two majors as the new paradigm and if Zaza does make peace with YA to speed up any deals then yes, I'll lap it up :-)

[tune player] 13/10/2018 11:55

Clutching at straws there Trem? The majority of investors have gained confidence from yesterday’s RNS especially considering that it was approved by the NOMAD. You all pester him for that didn’t you? You got what you wanted but that now isn’t enough is it??

You’re clutching at straws Trem and making more of a fool of yourself than you already have.

Hey ho, maybe the penny will drop one day as tonwhy younthink you need £1.5m to trade full time.

Hahahaha

[graham84] 13/10/2018 11:52

loggy and Wshak both seem very worried and what trouble will Wshak be in if what he states were to be true as it would smack of insider information. However it does not add up as now in discussions with major partners opens up all sorts of lines of credit, which Im sure you are both aware.After all the amount involved is only 2.65 million which now probably equates to peanuts.

[loglorry1] 13/10/2018 11:39

WShak shares traded on the big up day, after the meeting, were around half a billion. Add in a few days before or after say 1bn.

So sells say 500m and YA may have managed to sell say 20% of these or 100m at 0.4p that's £400k.

I think they are at least 3 payments behind eg $800k but I'm expecting some penalties on top.

Oh and they've still got no cash.

[wshak] 13/10/2018 11:28

Log,

Predictions:

FRR have already bent over and let YA have their way but have not informed the market yet to allow YA to get stock away at an inflated price.

When they do finally let the market know that they are besties once again, they will present it as being wonderful that their legal troubles have gone away.

Their shareholders will accept this as wonderful news and lap up the stock that FRR/YA are selling them.

No-one will explain how Zaza promised that YA will get no further shares from FRR.

[loglorry1] 13/10/2018 11:16

Can anyone find me an instance when a major (super or otherwise) has farmed into or formed a JV with a company in default to at least two of its lenders and in arbitration with its host government?

I wonder if FRRs lawyers are getting paid up front? They must be expensive fighting at least 3 legal battles.

Also we know from the last Interims liabilities had shot up by $10m to $60m+. That's much more than the loan note interest. Looks to me like FRR haven't been paying their suppliers who must now also be after them.

Despite what Zaza tells you, with a nice smile, debts are not optional.