Frontera Share Discussion Threads

[wshak] 14/10/2018 21:43

Thefozzer,I've given plenty of reasons FRR is inevitably going down the pan.However, I can obviously discuss in much greater detail once it's established for a fact that:- No JV will be done which justifies the current share price- YA will continue to sell shares once FRR back down- The T wells are shown not to flow in commercial quantities- Once again, FRR shareholders have been led down a garden path- The share count explodes once again as FRR dilute everyone in order to get more cash in to keep the from going bust.

[thefozzer] 14/10/2018 20:57

Once this all goes down the pan, I’ll be happy to answer any further questions about how I could possibly have known in advance. That’s the point when people normally start squealing about me having inside knowledge.
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Why don't you answer now Wshak? Why are you certain this will go "down the pan".

I don't believe Steve and Zaza will let FRR success slip from their fingers at this late stage. I think the deeper zones at Taribani are highly commercial and that one of the majors will fund a 2019 drilling campaign to upscale the fields development. I also think one of the majors will look at drilling another deep gas well at the MK field and run some new seismic perhaps.


I think YA will get resolved soon enough and that the arbitration with the host government is without merit and won't go anywhere. Ref Outrider, I'm unsure what to make of the situation for now but the agreement was for the loan to be paid back in Aug 2020 so again I'm not too worried. FRR have a great legal track record.

Zaza did suggest that a deal with the Super Majors will be done this year (within 78 days), my own thoughts are that unless the issue with Outrider is critical then a deal will be announced within weeks and not months.

[thefozzer] 14/10/2018 20:39

Good Evening Graham,

Without YA dumping regular amounts of stock into the market month on month I think anybody trying to buy large amounts of stock in the late 0.30's and early 0.40s will struggle. Holders believe that a transformation RNS is imminent and are holding for now.

YA not dumping regular stock is of huge annoyance to the shorters as the "playing field" is a bit more level.

I think the share price will move up next week as folks take their positions.

[tune player] 14/10/2018 19:19

Really WShak??? Are you sure???

[satanslave] 14/10/2018 18:31

don't assume everyone is as twisted as you maggit. .your obviously a creature born from incestuous activities in your weird family.
it's too late for you lad /lass.
but don't wish your misery on others maggit.

[wshak] 14/10/2018 18:19

I don't normally respond to brain dead comments but I see my name has been mentioned quite a lot over the weekend.Of course, I haven't deleted any tweets to say I was shorting over the period that it was claimed that YA were shorting shares. Why would I?All of my tweets are still there for anyone who can be bothered to look. If you think any of them have been deleted, simply post a screenshot and you will be able to show that I am a liar. You won't have any success, I'm afraid.I know some of the more extreme bulls like to think that YA, Outrider and I are all working in concert to bring FRR down, but nothing could be further from the truth. The fact of the matter is that YA and I are in competition to see who can sell shares faster to the mugs who want to buy FRR.And, before anyone asks, I have not seen the YA/FRR emails.Once this all goes down the pan, I'll be happy to answer any further questions about how I could possibly have known in advance. That's the point when people normally start squealing about me having inside knowledge.

[graham84] 14/10/2018 18:09

loggy 10bn shares we must be talking about a different company - where were all these shares on Friday afternoon when people were trying to buy? myself included.

[tune player] 14/10/2018 18:06

Stephen I love it, you’ll be sleeping with one of your daughters tonight telling her it’s ok and normal won’t you?

Shame on you Stephen....

[loglorry1] 14/10/2018 17:28

Graham there's a 10bn+ share free float. There's no problem buying shares that's just not true.

As for "debt leverage" you are just talking complete babble.

[tune player] 14/10/2018 17:28

Nuff said....

[graham84] 14/10/2018 17:19

Hi fozzer

Did you notice on Friday afternoon there was a number of poster on the other board saying it was difficult to buy shares.Which supports my theory that there are now very few shares in free float. 15 million sell are not a big issue as they were a month or two ago and large buy orders taking much longer to fill. Shorters unable to move the price down easily as they were in the past.Which say's to me that a large number of shares held by professionals rather than private investors. Are we heading for a situation where shares bought cheaply as a result of previous YA conversations and the shorters are now used as leverage to get feet under the table when it comes to any deal. Which would also fit with debt leverage.

[loglorry1] 14/10/2018 16:56

"not them co big after us"

What does that mean? Assuming you mean "It's not them coming after FRR" then I'm afraid you are wrong.

Look at the accounts YA have not been paid and have issued a default notice.

Outrider have secured senior debt. I've not seen the terms but there's almost certainly a cross default clause that has prompted them to initiate taking control of Frontera's assets.

Frontera have managed to get an injunction against this for now but they better start paying YA soon or that will get lifted.

[jme1066] 14/10/2018 16:54

Loglorry
I’ve noticed in your reasoning that you consistently put up a straw man in regards YA and outrider. It’s not them co big after us it’s the other way round. Circular reasoning seems to be your forte to avoid thinking the obvious

[tune player] 14/10/2018 16:51

Trem, you’re clutching at straws as usual.

Where’s your mate WShak? Do you know if he’s been deleting his tweets in an attempt to hide his activities??

[loglorry1] 14/10/2018 16:48

It would be ironic and I'd admit unjust if equity had spent over $400m looking for oil and gas to find something at last only to have Outrider move in and take it.

The main thing that makes me think this is not the case is that if FRR had even half decent flow rates they could release them to the market and then raise a small sum to pay off YA and bring on some production. With YA paid Outrider would have less cause for demanding early repayment and it might revert back to 2020.

It makes no sense to risk all the equity by defaulting with YA and Outrider if oil revenues are present or can be turned on.

[tune player] 14/10/2018 16:31

Stephen this is just for you conker...

[tune player] 14/10/2018 16:27

You don’t seem as vitriolic as you once did Stephen. Dating not going to well or has your wife found you out??

Hahahaha whatever happens you’ll always be one of life’s losers...

Comedy gold Stephen comedy gold

[satanslave] 14/10/2018 16:19

has anyone got any news on that tin of WD40 Frontera found?
was it nearly full?
was the contents still usable?
did it need fracking ?
can it be classed as commercial?
serious questions ffs.

[mick1909] 14/10/2018 16:05

regdik1,157 postsRE: How big?According to the world league of oil producing nations Georgia is 91st with 400bpd during 2016 census returns (146000bpy). Next door Azerbaijan (23rd) who shares the same oil basin produced 833538bpd during the same period (304,241,370bpy). The difference is that one had a number of majors invest billions of dollars the other a few wildcat prospectors struggling with the geology. Until NOW. Forget the few train loads and the increasing auctions the potential with significant investment is there under their feet. FRR using modern drilling methods and a lot of time proving the basin is rich in oil bearing layers that stretch from Azerbaijan through Georgia, under the black sea, into Ukraine and Moldova. These have now been modelled and being scrutinised by two majors. We have seen the mood change towards energy in Georgia from "we have nothing" to now a quite confidence and a number of companies buying licences throughout the country. Majors sending in delegations and US inviting Georgia to sit at the table and talk of joint trading benefits (a country no bigger in population that the East Midlands). FRR may be cash strapped but they are sitting on probably the richest field re-discovered in years. I suspect GG want a major to take a larger role to accelerate access to these riches. Hence the arbitration request and I see this more of a prompt to get a move on than a real threat. FRR being cash strapped others may see that this is an opportunity to squeeze and try and manipulate a greater share if not all of the prize. FRR have a track record of using the courts, AC, US political friends to their advantage (and now ours). I hope they can twist and weave to keep the vultures at bay until a deal lands. Then the YA/Outrider debt will be peanuts. A risk yes but we are playing for very big stakes here not just us but for a whole region – just look what O&G has done for Azerbaijan.The numbers are too big for a buy out so the only course will be a JV/FO with FRR getting royalties or share swap. Not long left to go as this is boiling up ready to blow (one way or another). His share is NOT for the risk averse. Forget the fat lady lets just get Pavarotti to sing

[tune player] 14/10/2018 13:23

WSHAK is quite today? I wonder if he’s looking for those emails or sat on Twitter.

WShak, did you delete any tweets whilst YA were naked shorting?

Naughty naughty if you were....

[loglorry1] 14/10/2018 12:27

Agree Mick if it goes on at this rate and is Georgian oil it will mean someone is producing more than before.

Worth noting the last auction is for delivery over the next 12 months and it's not guaranteed delivery.

I'm sure some oil and gas has been produced during testing. However there's a word of difference between some production and commercial levels. Frontera have never managed sustained commercial rates.

[mick1909] 14/10/2018 12:15

It just seems coincidence that 133,000 barrels of oil being autioned in 6 weeks if this continues at this rate it is not the production rate for Georgia

[loglorry1] 14/10/2018 10:47

The auctions we've seen over the last 24 months are in line with the base level of production within Georgia.

I think the frequency has increased recently because Georgia is capitalising on the recent strong oil prices.

Zaza told you the wells are not in production and yet you still deny that and invent oil sales.

Even @fozzy doesn't believe that.