Frontera Share Discussion Threads

[ngms27] 17/10/2018 08:34

It's dead Jim, but not as we know it.

[mick1909] 17/10/2018 08:08

Madpunter1,118 postsRE: A LoanWhy is FRR now producing more oil?Perhaps after an EWT on T39 to get the descriptive test results, FRR are now doing productivity testing at much higher rates by reducing the choke and opening the size of the bore. The descriptive testing will enable FRR and the two super majors to calculate reservoir size, decline curve, flow rates and permeability, both horizontal and vertical. Whereas the productivity testing requires transient pressure changes, through varying choke sizes and stopping and starting the flow, to check if there's an homogeneous formation or low permeability zones.https://pdfs.semanticscholar.org/b4d2/d236dcd461181b957acc499f9cb4722740e6.pdfAssuming that FRR has been increasing the flow rate from T39 by altering the choke (at full bore 8 x 529bopd = 4232bopd, except the equation is not linear due to other factors), then after the 1st October auction, we would expect another within a month. Zaza did state 4 - 6 weeks to fill a trainload and there's an auction on the 22nd October. This time the quantity has increased to 9,000t = 69,390bbls. I wonder why two majors are interested and Zaza is so confident about paying the bills?

[mick1909] 17/10/2018 08:07

Madpunter1,128 postsRE: with the track record of the BoDcristalball - What makes us think it will come true are :-1) 18 billion barrels of oil + 202TCF of gas, though Zaza stated the majors think we have more.2) Same Kura Basin and Maykop geology that is flowing oil and gas in Azerbaijan, except FRR's is onshore.3) Costs of less than $12/bbl. BP recently paid $10.5bn for a much smaller resource with costs 'well under $50/bbl'.4) Zaza stated that the majors can reduce the CAPEX by $300 and still increase the revenue by $1bn.5) Better porosity and permeability than the Permian Basin in Texas (that took years to crack as well).6) Pipelines running through Block 12, with the nearest only 18km away and feeding a ready market.As for the second part of your post, FRR took YA and Outrider to court , so I don't think that YA and Outrider will be able to dodge the banana skins

[mick1909] 17/10/2018 08:06

regdik1,132 postsWhat a day..I agree with Dirk you could not make this up as it would be too far fetched even for a Trump to issue a Fake News statement.So we have a standoff between FR and YA that the lawyers will have to sort. What seems to be claimed is that that YA again took a flyer with shares they thought they were getting but not issued or officially allocated to FRR share holdings – this is illegal and I would hazard a guess that this seems to be inferred by some that this may have been done several times in the past. Did FRR bate a trap and payed late to trigger the discussion to the number of shares that may be allocated. Then payed in cash but YA (did YA reject payment as they had already sold them?) pre sold shares not authorised. Then YA asked/demanded shares played merry hell and also shares for September when FRR played hard ball ultimately YA called a default to force FRR issue an RNS (Nomad would have insisted) to get the shares to drop (presumably to buy back some of their short sale). Now we find that the Winny dogs attacked FRR in force and inferring that somehow they were privy to insider information and private emails is that not insider trading and infers a link between YA and them for mutual benefit – is this not market manipulation. Who do I trust Hummm we have YA with history in this area and have what seems to infringed trading rulesOr FRR who have to have every RNS checked and verified for accuracy as these are legal documents. As a side note I have met and talked with our Nomad and he is on top of his game and I think he will due to content of the last RNS have it verified by legal. Gosh I now think the fat lady has cleared her throat and is screaming rape!I'm bidding for the book/film rights as it will be the next "Dallas"

[tune player] 17/10/2018 08:06

Life really is funny when you start typing names into search engines.

hxxps://xhamster.com/users/dirkdiggler2003

[loglorry1] 17/10/2018 08:04

Quick summary of FRR

* Has been served default notice by its main Financier YA for not replying loans as it agreed to.

* Outrider and Mr. Hope who control majority of $30m+ of senior secured notes have taken action to take all of FRRs assets probably due to a cross default clause triggered by FRR.

* FRRs host government is also in a legal despute and has taken FRR to arbitration in Sweeden. This is proceeding.

* The results of a 60 day well test on three wells have been surpressed despite promises that they would be released. No reason has been given for not releasing them.

* The FRR CEO openly lies at a shareholder meeting on many subjects including the state of arbitration.

* The bulls belief that a supermajor will swoop in and save them is entirely predicates on comments made by the CEO at the meeting where he lied. Since the meeting the company was forced via an RNS to update the market that a deal with a supermajor was a desire but was not pending.

* The company is out of cash and has no way to raise money.

Looking good eh chaps?

[satanslave] 17/10/2018 07:54

clone has played a blinder here. .with a these distractions going on, he can Bat the frr circus con out another year or so without even releasing one result on anything. .clever conman indeed!
Broken promises are everyday life to clone & Dross.

[mick1909] 17/10/2018 06:37

Frr is like backing a favourite horse with outside odds its lose all win big

[mick1909] 17/10/2018 06:32

I tink you need to pay your taxes before offering to donate to charity

[mick1909] 17/10/2018 06:08

regdik1,132 postsWhat a day..I agree with Dirk you could not make this up as it would be too far fetched even for a Trump to issue a Fake News statement.So we have a standoff between FR and YA that the lawyers will have to sort. What seems to be claimed is that that YA again took a flyer with shares they thought they were getting but not issued or officially allocated to FRR share holdings – this is illegal and I would hazard a guess that this seems to be inferred by some that this may have been done several times in the past. Did FRR bate a trap and payed late to trigger the discussion to the number of shares that may be allocated. Then payed in cash but YA (did YA reject payment as they had already sold them?) pre sold shares not authorised. Then YA asked/demanded shares played merry hell and also shares for September when FRR played hard ball ultimately YA called a default to force FRR issue an RNS (Nomad would have insisted) to get the shares to drop (presumably to buy back some of their short sale). Now we find that the Winny dogs attacked FRR in force and inferring that somehow they were privy to insider information and private emails is that not insider trading and infers a link between YA and them for mutual benefit – is this not market manipulation. Who do I trust Hummm we have YA with history in this area and have what seems to infringed trading rulesOr FRR who have to have every RNS checked and verified for accuracy as these are legal documents. As a side note I have met and talked with our Nomad and he is on top of his game and I think he will due to content of the last RNS have it verified by legal. Gosh I now think the fat lady has cleared her throat and is screaming rape!I'm bidding for the book/film rights as it will be the next "Dallas"

[mick1909] 17/10/2018 06:06

Madpunter1,128 postsRE: with the track record of the BoDI forgot the most obvious :-7) There's not 1, but 2 super majors looking at the data with signed NDA's. Zaza has stated that they don't need a revised CPR, as they can assess the data themselves. They're not going to all this effort for nothing.

[mick1909] 17/10/2018 06:05

Madpunter1,128 postsRE: with the track record of the BoDcristalball - What makes us think it will come true are :-1) 18 billion barrels of oil + 202TCF of gas, though Zaza stated the majors think we have more.2) Same Kura Basin and Maykop geology that is flowing oil and gas in Azerbaijan, except FRR's is onshore.3) Costs of less than $12/bbl. BP recently paid $10.5bn for a much smaller resource with costs 'well under $50/bbl'.4) Zaza stated that the majors can reduce the CAPEX by $300 and still increase the revenue by $1bn.5) Better porosity and permeability than the Permian Basin in Texas (that took years to crack as well).6) Pipelines running through Block 12, with the nearest only 18km away and feeding a ready market.As for the second part of your post, FRR took YA and Outrider to court , so I don't think that YA and Outrider will be able to dodge the banana skins

[mick1909] 17/10/2018 06:04

Madpunter1,118 postsRE: A LoanWhy is FRR now producing more oil?Perhaps after an EWT on T39 to get the descriptive test results, FRR are now doing productivity testing at much higher rates by reducing the choke and opening the size of the bore. The descriptive testing will enable FRR and the two super majors to calculate reservoir size, decline curve, flow rates and permeability, both horizontal and vertical. Whereas the productivity testing requires transient pressure changes, through varying choke sizes and stopping and starting the flow, to check if there's an homogeneous formation or low permeability zones.https://pdfs.semanticscholar.org/b4d2/d236dcd461181b957acc499f9cb4722740e6.pdfAssuming that FRR has been increasing the flow rate from T39 by altering the choke (at full bore 8 x 529bopd = 4232bopd, except the equation is not linear due to other factors), then after the 1st October auction, we would expect another within a month. Zaza did state 4 - 6 weeks to fill a trainload and there's an auction on the 22nd October. This time the quantity has increased to 9,000t = 69,390bbls. I wonder why two majors are interested and Zaza is so confident about paying the bills?

[mick1909] 17/10/2018 06:04

Madpunter1,130 postsRE: MoleMole - The increased flow rate tests also provide a possible explanation of how the super majors can reduce CAPEX by $300m, while increasing profit by $1bn. I've copied my post from last Thursday below :-IMHO the CAPEX can be reduced because of the flow rates for T39. If FRR's plan was to flow T39 at a rate where the well could naturally recharge without any decline. Then after a few years when the pressures were similar to zones 9, 14 and 15, they comingle all the zones. The super major could flow zone 19 at a much higher rate, reducing the overall number of years production from the well, but allowing the pressures to be equalized much earlier. Remember zone 19 was 529bbls/d for a choke of 8/64", which implies over 4,000bbls/d. If the data for example suggests that after the natural decline the flow would stabilize at 1000bbls/d and it takes 12 months to drop to this level, so FRR flow it at 1000bbls/d and there's no decline (the choke would altered). The super major could flow it at 4000bbls/d and lets say it drops to the 1000bbls/d after just 4 months. Using the figures of $3.5m per well and $75/bbl, then the payback would drop from 47 days to 12 days and for 35 the next days, there's 4 times as much profit. If the FDP was 100 wells costing $350m and producing 100,000bbls/d for the first two years, then with the super major's FDP could achieve this with 50 wells for a cost of $175m.100 wells x 1000bbls/d x 360d = 36,000,000bbls50 wells x 1000bbls/d x 360d = 18,000,000bbls + 4 months at an extra 3000bbls/d = (3000bbls/d x4 x30d x 50 wells = 18,000,000) = 36,000,000.These figures are just for illustration, but show how for lower CAPEX, extra profit could be achieved, due to the increased flow in the early life of the well. Also, there's the extra profit from comingling earlier

[thegreatgeraldo] 16/10/2018 22:43

I'm just here for the entertainment value

[mick1909] 16/10/2018 22:36

I havent seen the photo of w shak is it bad?

[mick1909] 16/10/2018 22:26

This one was a classic from you tune They cant talk about exxon because their heads are buried in the sand with their masters buried deep in their rectums......They cant see because of the pain they're receiving........hahahahahahahha

[tune player] 16/10/2018 22:23

There dragging all the skeletons out of the wardrobes to provide support.

Unless it’s multi ids?

Desperation is a funny thing

[thegreatgeraldo] 16/10/2018 22:17

Evening Was,

Fine thanks... stumbling along....

Tory boy conference..... not in front of the cameras, obviously.

[mick1909] 16/10/2018 22:12

Madpunter1,130 postsRE: MoleMole - The increased flow rate tests also provide a possible explanation of how the super majors can reduce CAPEX by $300m, while increasing profit by $1bn. I've copied my post from last Thursday below :-IMHO the CAPEX can be reduced because of the flow rates for T39. If FRR's plan was to flow T39 at a rate where the well could naturally recharge without any decline. Then after a few years when the pressures were similar to zones 9, 14 and 15, they comingle all the zones. The super major could flow zone 19 at a much higher rate, reducing the overall number of years production from the well, but allowing the pressures to be equalized much earlier. Remember zone 19 was 529bbls/d for a choke of 8/64", which implies over 4,000bbls/d. If the data for example suggests that after the natural decline the flow would stabilize at 1000bbls/d and it takes 12 months to drop to this level, so FRR flow it at 1000bbls/d and there's no decline (the choke would altered). The super major could flow it at 4000bbls/d and lets say it drops to the 1000bbls/d after just 4 months. Using the figures of $3.5m per well and $75/bbl, then the payback would drop from 47 days to 12 days and for 35 the next days, there's 4 times as much profit. If the FDP was 100 wells costing $350m and producing 100,000bbls/d for the first two years, then with the super major's FDP could achieve this with 50 wells for a cost of $175m.100 wells x 1000bbls/d x 360d = 36,000,000bbls50 wells x 1000bbls/d x 360d = 18,000,000bbls + 4 months at an extra 3000bbls/d = (3000bbls/d x4 x30d x 50 wells = 18,000,000) = 36,000,000.These figures are just for illustration, but show how for lower CAPEX, extra profit could be achieved, due to the increased flow in the early life of the well. Also, there's the extra profit from comingling earlier

[mick1909] 16/10/2018 22:10

Hardly a dog of a share come next year revenue from the last 3 train loads in 6 weeks $10 mil