Frontier Res. Share Discussion Threads

[gimmetheloot] 26/1/2016 09:21

No cash, Oman main assets only valid until early feb unless they can show the money which they do not have. Nothing else left here other than a shell that's in debt and no cash

[gimmetheloot] 26/1/2016 09:19

Another pump and dump. Lights go out next week lol

[brokerdaw] 21/1/2016 17:04

Just paper. A punt that went wrong. None of these are poor on the back of this. Close the shop boys.

[rajai] 21/1/2016 15:36

Surely the bod will get something done asap otherwise they will loose the most;
look at the share ownership;

Mr Keyes - 54m
AGR - 37m
Mr Herbert - 24m
Others - 40m

[gimmetheloot] 21/1/2016 14:43

I told people this,is a pump & dump and the lights are about to go out. Deadline from the Omani oil ministry for early Feb and no cash.

[6ste] 21/1/2016 13:46

People looking to trade this now will be buying back in shortly

[gimmetheloot] 21/1/2016 10:44

This company has 2 weeks before the lights go out.

[gimmetheloot] 21/1/2016 10:43

As announced last week, Frontier's request to extend the initial term of the Group's 100%-owned Block 38 located in the Rub Al Khali Basin in the southwest of the Sultanate of Oman ("Block 38 EPSA") for 24 months (i.e. to 25 November 2017) was granted subject to Frontier providing a bank guarantee for the amount required to conduct the amended work programme (which it must do by the beginning of February 2016). As stated in recent releases, the potential farm-out process of the Company's interest in the Block 38 EPSA continues. The Company retained the services of Dallas-based Moyes & Co., a Company that specialises in international oil and gas mergers and acquisitions, to assist and provide general transaction advice on the ongoing farm-out process by the Company for its Oman Block. Given the challenging environment for oil and gas projects there can as yet be no certainty as to the outcome of this process.

The Company needs to arrange additional funding for its immediate working capital requirements over and above the potential commitments under its licences and the Board is considering all options for the potential ongoing funding of the Company. However, The Directors have taken the following measures which substantially reduce these working capital requirements going forward:

[bean02] 21/1/2016 10:37

Possible death roll

[gimmetheloot] 21/1/2016 10:28

Speeding ticket anytime soon

[deltalo] 21/1/2016 10:17

Numis rated this as a buy last week and a target of $4.91. Do your research and you woul know

[gimmetheloot] 21/1/2016 10:11

Pump & dump look at the last RNS they have until first week of Feb to find a partner & cash to drill Oman , lights are going out here very soon.

[deltalo] 18/1/2016 11:34

Movement north at last. Hope this is the new direction.

[deltalo] 15/1/2016 17:17

Extraction cost is not an issue. Equipment is in place.

[brokerdaw] 15/1/2016 16:53

Company has had it imo. Look at the extraction cost and they have not even drilled and never will imo.

[deltalo] 15/1/2016 14:45

Surely we are at the bottom here. There is still a very good chance that a farm out will go ahead as its in the directors interests. Waiting on funding but a farmout will be more than enough as a security. Sp will go ballistic.

[bam bam rubble] 16/12/2015 16:17

"Following the successful capital reorganisation six months ago where par value
was reduced from 1p to 0.1p, your directors expect any placings will need to be
at significant discount to 0.1p, therefore are reducing par once again to 0.01p"

[deltalo] 04/12/2015 17:04

0.1 that looks like sells as there in red are infact buys as mine are there and have been the same all last week. Cheap at this, really is.

[blueball] 21/7/2015 12:38

Down again.

[blueball] 17/7/2015 08:30

Rock bottom.

[caledoniaman1] 18/3/2015 11:27

It would appear that this was dropped deliberately to try and make it look like we got a rise on the back of the announcement when in effect what we really got was a drop !! AIM market - corruption rules IMVHO

[moreforus] 18/3/2015 10:05

placing is at 1p

price is 0.80p

[striebs] 18/3/2015 09:59

Brokerdaw ,

Yes , that is right . If the deal is approved they will be giving the company away for peanuts .

Moreforus , I can't believe you say this placing is at a premium . To gain control by buying on the market would have cost them at least 4 times what they are being asked to pay .

I'm hoping that this is brinksmanship and that they are expecting a third party to come in with a better offer .

As I see it if this goes ahead any hope of shareholder value will have been destroyed .

[brokerdaw] 18/3/2015 09:21

They no longer control the Company ?