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
  +0.045p +11.11% 0.45p 66,593,464 14:48:34
Bid Price Offer Price High Price Low Price Open Price
0.44p 0.46p 0.465p 0.40p 0.405p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.5 -19.1 0.3 1.6 70.67

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Date Time Title Posts
23/3/201814:58FRONTERA AND BEYOND9,726
20/3/201809:55Frontera Oil, and more oil2,475
01/3/201818:20Frontera Resources - Data11
01/3/201818:20Frontera Resources Plc - Potential Caspian Giant1,612
01/3/201818:19Frontera Resources - Marching Through Georgia74

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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 0.41p.
Frontera Resources Corporation has a 4 week average price of 0.37p and a 12 week average price of 0.37p.
The 1 year high share price is 0.88p while the 1 year low share price is currently 0.09p.
There are currently 15,704,782,961 shares in issue and the average daily traded volume is 67,312,476 shares. The market capitalisation of Frontera Resources Corporation is £69,101,045.03.
mick1909: Mr meastro the share price will fall on announcement whenever that occursThats very vague i could predict that without paying a very expensive broker (allegedly) as we have still got around 2 billion shares left for furture headroom Also when in may for the shareholder meeting the shareprice is multiples of today after successful flows at t45 he asks for further placement to carry out more work on oil wells then the share price will drop to the placement level So you can say you was right again
thefozzer: Share price is collapsing. Just an opinion --------------------------------- Well 0.47 is the support so if that doesn't hold the obvious 1st target for short sellers is around 0.41. Will 0.47 be bought back into the close today? Let's see but hardly a "share price collaspe." Weeeeeee weeeeee weeeeee The Sow must be fatted for the city swine to eat. * edit - I note the share price bounced off the City swine buy in price of 0.46, now there's a surprise * Just an opinion
thefozzer: The lock in is just window dressing. The institution will be flat so nothing to lock in ______________________________________ Disappointed Log, I thought better of you, I gave you more credit. Are you really suggesting that FRR has not received 1.5m gbp? FYI, the market has absorbed 2.5m gbp worth of stock along with YA's lot within the past 9 trading sessions. I'd say the share price is performing very well. There's rock solid support at 0.47p according to the charts. Nothing anyone says here has any influence on the share price so what's your beef bro? In about 3 weeks we'll have T45 results which if good will be Transformational for the company and share price. I'm following the informed money and I'm not listening to the potting shedders. If you don't believe what is written in a legal regulated news releases then what an earth are you doing in the markets? You're better suited to bitcoin pal. The Company also announces that, further to the completion of the fundraising announced on 12 February 2018, an institutional investor has subscribed for 331,858,407 ordinary shares ("New Ordinary Shares") at a price of 0.452 pence per ordinary share raising a further �1.5 million for the Company. As previously announced, the Company's operations at T-45, Dino-2 and Ud-2 were funded and underway. The new funds raised are to further advance the Company's work program operations at the Taribani and Mtsarekhevi complexes which includes the drilling and stimulation program at well T39 as planned. Under the terms of the subscription, the subscriber has agreed to a 6-month lock-in period for the subscribed New Ordinary Shares. Following Admission, the Company will have 15,566,751,470 ordinary shares in issue with voting rights. The Company does not hold any ordinary shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The aforementioned figure of 15,566,751,470 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the disclosure requirements applicable to the Company. Just an opinion
thefozzer: Success at UD2 adds 0.78p to the share price according to WHI... Success case Value: We estimate that the success case value of Zone F only within the Udabno-2 structure would amount to $163M or 0.78 p/sh, whilst success would also serve as a play-opener for the potential within the greater Mtsarekhevi Gas Complex. So I think they'll be 1.6p spike on T45 success with a drift down to 1p, then successful flow testing at ud2 could add 0.78p to the share price. All in all, I think in 6 six weeks the share price here will be around 1.5p Just am opinion.
loglorry1: As a bear I have to say the FRR share price has done very well in the last few months. It's not down much from the placing price and they've had a failure at UD2 despite what the bulls will admit to. However the market generally has been quite strong until lately and we won't see the knock on effects on the small caps for a while. There is very good evidence to suggest that FRR is out of cash again (I know you'll tell me fully funded bla bla bla) and raising capital is getting much harder. ANGS managed to place just 2M at a huge discount today. The bulls can hope for a lot of things but another raise looks nailed on to me.
thefozzer: Jack brother, you really aren't doing log bump any favours. The share price is marginally up from this morning. The overall share price is up from 0.06 range just over six months ago just as the trigger got pulled the share price moved. I'm happy in the 0.50s, represents good value for new market participants. I've recommended this to my work mates. Supremely confident. Drill bit turning at T45...massive move coming. Predict 1.6p spike on good T45 oil results. Just an opinion.
thefozzer: And again for the kids at the back...what does success at the high impact T45 oil well mean? It means it will transform the blocks oil prospects. It means future wells get de-risked, it means future wells start to get factored into the share price. I predict upon T45 success a share price spike to 1.6p, folks and traders will start to take some off the table and the share price will start to retrace to 1p. News from ud2 could then push the share price back about 1.6p assuming flow rates of 3mmcfpd. If you're in there's money to be made on the trades here's. Just an opinion and remember no one ever went broke taking profits.
thefozzer: Thanks for your opinion fozzer 😊 ______________________________________________________________ What we debate here has zero effect on the share price so happy to debate Frontera with other interested stakeholders whether they are long or short. My view is that Frontera have talked the talk for a while and now is the time to walk the walk. I see the share price spiking to 1.6p on T45 good results with a retrace to 1p. If Dustins bigger frac works at Ud2 and the commercial quality gas flows at commercial rates then I see the share price going back above 1.6p and staying there. Just an opinion. An exciting few weeks and months ahead
loglorry1: Quelle surprise - the small bump created by a BS RNS is once again sold into. If this is what happens to the FRR share price on so called good news - can you imagine what will happen if flow rates at UD2 disappoint?
mick1909: Very interesting. Thanks for the info. So basically, it sounds to me like they're estimating to have about 5 zones, at around 4-5 MMcf/D each. So whereas their original estimate for the flow rate potential at Ud-2 was for 10-20 MMcf/d, that appears to have now been bumped up into the 20-25 MMcf/d range. If those are the rates they get, I think that would be an excellent result, and should be more than enough to demonstrate the commercial potential of the project. As far as potential valuation, here's my quick take on it: If we put aside any gas potential at Taribani, or elsewhere in Block 12, and just look at the MK area where they're currently working, they suggest that almost 6 Tcf of gas could be recoverable in this region. Perhaps a good starting place for valuing 'discovered resources' may be in the range of around $2 per barrel of oil equivalent. I base this on other sales in recent years, including working interest sell-offs of Shah Deniz by both TOTAL and Statoil. It's not completely an apples to apples comparison, since Shah Deniz is further down the road of development, but I think this is somewhat countered by Block 12 being onshore, in an arguably more favorable country for investment, plus having other wells previously drilled and able to be re-entered, and having an already well developed infrastructure in place, including both domestic and export pipelines. So all together, I think a Net Present Value (NPV) of around $2 per barrel of oil equivalent for actual discovered resources is a reasonable starting point at this time. And once these resources are further proven up as P1/P2, they would likely get an even higher valuation. 6 tcf, the current estimate of potentially recoverable gas in the MK area, is roughly equal to 1 billion barrels of oil equivalent (boe). So, at $2 per boe, that would give the MK gas an approximate current valuation of $2 Billion, which would equate to an FRR share price of roughly 10p. And again, this would just be based on the MK gas, and wouldn't include gas from Taribani or other areas of Block 12. It also wouldn't include the oil. So therefore, with successful testing at Ud-2, I could see the market begin to re-rate FRR towards an initial valuation of 10p, based solely upon the MK gas alone, whatever speculative value the market places on additional Block 12 prospective resources. just my opinion
Frontera share price data is direct from the London Stock Exchange
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