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Share Name Share Symbol Market Type Share ISIN Share Description
Frontera Resources Corporation LSE:FRR London Ordinary Share KYG368131069 ORD SHS USD0.00004 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.005p +1.43% 0.355p 25,183,858 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.34p 0.37p 0.355p 0.355p 0.355p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.91 -13.26 -0.15 56.0

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Date Time Title Posts
16/12/201804:10FRONTERA AND BEYOND23,328
02/11/201822:08FAO Fozzer or others ref Joe King17
27/8/201820:19Frontera Oil, and more oil2,490
22/5/201804:57Satanslave -

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Frontera Daily Update: Frontera Resources Corporation is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FRR. The last closing price for Frontera was 0.35p.
Frontera Resources Corporation has a 4 week average price of 0.34p and a 12 week average price of 0.30p.
The 1 year high share price is 0.75p while the 1 year low share price is currently 0.21p.
There are currently 15,770,835,403 shares in issue and the average daily traded volume is 61,520,945 shares. The market capitalisation of Frontera Resources Corporation is £55,986,465.68.
thefozzer: I think a super major such as Exxon (for example) partnering with FRR would be a massive vote of confidence in oil and gas prospects in B12. I really think that if Exxon (for example) paired with FRR it's just the start of the journey and re-rate of the company and share price. If there's a plan of action in "that" RNS for drilling prospects in 2019 then all the better. It's been a long tough hard road for long term investors here and some (including myself) are ready to take a bit of profit. I hope we get the churn and a decent enough RNS that allows long term investors to take some profit into a rising share price. However, I will be leaving a very big chunk in for 2019. I think if Exxon get involved and a major gas discovery/system is confirmed then FRR will get taken over in 2020 for way more than COVE energy got. For now, all eyes on "that" RNS. Good luck, I think we're very near.
thefozzer: Loggy/Wshak, Care to comment how FRR will pay YA $65k Nov 1st? The accounts showed they were skint. I acknowledged FRR were running on fumes. What's happened since the accounts were published to you think? Or what is about to happen? Shall I tell you my thoughts? 1) Placement will happen next week, that's possible but very late notice now. 2) FRR is expecting some extra revenue from the T wells 3) A Super Major will inject some cash into FRR as part of a JV deal. 4) FRR will allow YA to convert $64k in shares. Such a small amount won't damage the share price but hardly seems worth it. Regardless of the above the payments increase substantially in April and the full balance will be paid off in July. I'd say from the way the deal is structured that FRR are expecting to be in a cash rich position early next year.
thefozzer: Good Evening Wshak, Thank you for the reply, wild speculation from you but you're entitled to have your opinion. Lets go through your points. 1) No JV will be done which justifies the current share price Assuming a JV is done with a (super) major I think it will be done with a view to fast tracking a drilling campaign at the Taribani and Mtsare oil and gas fields. I assume the super major will free carry FRR on drilling with revs being spilt. Until a deal is announced (assuming one is and this now seems likely) it is difficult to put a value on such a deal. So it's difficult for me to give value to a deal. I think there's more chance the share price will rocket up than go down or stay flat though. 2) YA will continue to sell shares once FRR back down I agree that the YA issue will get resolved very soon, has Zaza been stalling them till the super major deal goes through I wonder? I think FRR are low on cash so I would not be surprised if YA got some shares in the short term. So what if they do get a few payments in shares though? It may help with your short but if a decent deal with a super major is announced the share price will rocket with 1 billion plus share churn days occurring. 3) The T wells are shown not to flow in commercial quantities Well you just do not know this for a fact. If a super major is looking to JV on the Taribani field then this strongly suggests that the T wells have very good flow rates. I give particular credence to the deeper zones here. You do have history on your side though especially with the shallower zones but the deep zones are a new paradigm for both the bulls and bears so lets see... 4) Once again, FRR shareholders have been led down a garden path Well, the focus is now on a deal with a super major, this have been confirmed at the recent share holding meeting. Unless Zaza is a fantastic actor then I believe that he believes that a deal is imminent. The two Majors that are interested in B12 has also been RNS'd twice and picked over by the nomad and lawyers. 5) The share count explodes once again as FRR dilute everyone in order to get more cash in to keep the from going bust. Well Wshak, for the share count to explore the T wells will have had to have failed. The fact that two majors are looking at doing a deal with FRR suggests the T wells haven't failed. Granted it's very possible that YA could get the opportunity to dump some more cheap shares but is this a show stopper if a Super Major deal gets RNS'd? Just a view by me, I have zero inside information.
thefozzer: Loggy, I'm not sure which part of my postings you're failing to understand but you seem obsessed with YA so I'll run with this if you like. The below are only my own thoughts and speculations and not presented as fact. FRR have been paying back YA in cash, not one share placement has been authorised to YA so far. YA have done something irregular with FRR's stock and FRR are investigating this now. If the situation gets resolved which I believe it will then FRR have the option to pay back YA in cash or in shares. I think FRR have limited cash right now and that Zaza is trying to haul FRR over the finishing line with the super major deal without dilution. This said, it would not surprise me if the deal is resolved with YA that YA get a few payments in stock. Then again it would not surprise me if they don't get stock. Loggy, I'm not sure if this is sinking in but FRR are about to do a massive deal with a super major. If Exxon is in an RNS with FRR what do you think the share price will do? It will go crazy, it would not surprise me if the share price spiked to 2p with this being the AIM.
nobull: Fozzer, Yes, I was wrong about FRR being taken private in the past. But to suggest that as a reason not to have to bother to engage with my arguments seriously...Well, that is your problem, not mine. I have an appalling investment record at present, but I try to learn from my mistakes and get better. We agree, I assume, capitalism is all about greed and the extractors of value being different from the people who fund the creation of the value (Mariana Mazzacuto, an economist, has written about this)). No, you believe the Georgian Govt. is worrying the welfare of its foreign investors, do you? We agree, the Georgian Govt. needs the exploration doing regardless of outcome? We agree it is in the interests of the Georgian Govt. to use seed corn money to promote exploration in a region where commercial success has been lacking (Canargo went bust on the neighbouring block). Whether the Georgian Govt. pays for director purchases of shares or not I do not know, but if it helps pull in substantially larger sums of money to explore, then it maybe smart to at least be sceptical of whether to take ZM's 'investment' at face value. We agree where exploration success has been so elusive on Block 12 (and on the neighbouring block) it may be in the interests of the company to pay some posters small amounts to keep preaching oil and gas development prosperity (20 years of failure and 13 years of successful capital raisings since listing). This is not achievable without skillful manipulation of investors' imaginations. We agree debt makes the share price more volatile (debt amplifies losses per share and earnings per share). This allows small changes in circumstances to make the share price go all over the place, and invevitably gives the occoasional trader a profit, but the long term trend is always down (£1.50 to £0.003). The volatility in the share price inevitably validates the commerciality of the business model in some less sophisticated people's minds. We agree all the company has to do to put matters right is to answer loggy's questions: what the flow rates are and whether YA were paid in cash. Such simple questions, yet too difficult to answer. I think this company is a moral fraud and that if it isn't acting illegally, it is operating on the fringes of legality. The 5 changes of Nomad should certainly be a concern for anyone with an enquiring mind. Occam's razor can be applied to rule out a lot of the bulls' theories, but there is a coherence about the bears' arguments. JMV.
thefozzer: If YA acted illegally and caused FRR share price to decline causing losses to UK investors is this good? Should it be investigated and punished if proved legally?
graham84: Hi Fozzer Frr have two major oil companies talking JV'S - I think its time to stop the shorting on such a large scale for the sake of both frr and the future share price for shareholders on any good news. If I were a member of the frr legal team I would have instructed investigators some months ago (share price manipulation could have been going on for most of the last 12 months) and prepared a legal plan of action. I think we are now starting to see the results. Frr have started on the road to becoming a much larger business and the way the legal team are dealing with it can only help there reputation in any future JV negotiations. What are your thoughts?
joe king1: FRR share price falls everytime Fudder comes out with his constant pish. SELL
graham84: Hi Comments please fozzer,jackthelad5,tickboo. Lets assume the two majors are BP (they are the biggest foreign investor in georgia) and exxon as they are american and the georgia gov want the US in doing business. The next step is field development as we have been already told. A 6 well drilling program is agreed $400 million cost pool is transferred to the jv in return frr get a free carry on these plus other future wells up to an agreed limit.Also 15% to 25% interest depending on cash lump sum which I think could be between $30 to $60 million thus enable them to go forward with a future income, debt free and develop muldova. What do you think frr share price will be and what are your own thoughts as to the form a potential deal might take.
thefozzer: Is it any wonder two Majors are looking at doing a deal with FRR? I'm unsure when the next big RNS will land but I'm betting it could be as little as just a few months now that the NDA has been officially RNS'd. I could speculate what the next RNS could be but I'm fairly certain whatever the specifics are it will result in new 5 year highs for the share price. I think after the share price has settled we'll start to see significant share buys and HNW speculators start taking positions for "that RNS". The two majors will have seen the data on Ud2 and liked what they saw. Now it's time for the oil especially the deeper zones. We may need to wait a few more months but we could get an update on a transaction around Christmas. Will it be and out and out take over of FRR and 10p cash offer or will it be a commitment to fund all gas/oil exploration with FRR getting a cut of the profits? Any serious thoughts? Just a view.
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