Premier African Minerals Share Discussion Threads

[thelung] 02/10/2017 16:09

Surely you have something more interesting in your life to do than to come on this board and goad the holders?

[dmitribollokov] 02/10/2017 16:08

how are we looking chaps ?

[nick rubens] 02/10/2017 16:08

How much is the cost of underwriting the placing? It doesn't come free.

[datait] 02/10/2017 15:29

how low can you go how low can you go all the way to the floor lol

[aussieb3] 02/10/2017 15:20

Wow scary trade 666,666

[jungmana] 02/10/2017 15:18

Yes, that's what I mean Andrew. Am hoping whatever is left to clear should be done this week.

[andrewsr] 02/10/2017 15:05

Jungmana, by 'placing overhang' do you mean whatever amount was underwritten/not taken by investors? That shouldn't take weeks to clear, surely?

[boom boom bang bang] 02/10/2017 13:31

News just out
Spiking

Frontera Resources Corporation Update on Ud-2 well

02/10/2017 1:15pm
UK Regulatory (RNS & others)

Frontera (LSE:FRR)
Intraday Stock Chart
Today : Monday 2 October 2017

Click Here for more Frontera Charts.
TIDMFRR

RNS Number : 4344S

Frontera Resources Corporation

02 October 2017

02 October 2017

Frontera Resources Corporation

("Frontera Resources" or the "Company")

Update on Ud-2 well

Frontera Resources Corporation (AIM: FRR), the European focused oil and gas exploration and production company, is pleased to announce that workover operation of the Ud-2 well has been successfully completed as planned. Further to the announcement of 21 September 2017, the bridge plug has been set at 3326m, pressure test performed and, as previously announced, the Company will now commence extended testing of three target gas bearing intervals of Oligocene-aged, Lower Miocene-aged and Middle Miocene-aged reservoirs, located between 2620m - 3320m.

The service company, which has been contracted to perforate gas bearing intervals of Ud-2 well, will now mobilise on site.

The final technical design of the 18km gas pipeline connecting the Ud-2 well with Mtsare Khevi gas processing facility (which is connected to Georgia's natural gas distribution grid) is being completed and the pipeline right of way is being secured.

Zaza Mamulaishvili, President and Chief Executive Officer, commented:

"It is a very important milestone to complete workover operation of the Ud-2 well in time and within budget. We are very excited that this successful operation made three gas-bearing intervals available for proper testing. The Middle Miocene-aged Gareji reservoir is a very well known, prolific oil and gas-bearing formation in the area, the Oligocene and Lower Miocene-aged Maykop reservoir is a world class rock source for a number of large oil and gas fields situated within the Black Sea and Caspian Sea areas, one of which is the giant Shah Deniz gas field offshore Caspian.

"Successful testing of the Ud-2 well, situated inside the 950 km(2) Mtsare Khevi Gas Complex, will help prove the tremendous gas potential of Block 12 in Georgia. According to Netherland Sewell & Associates' estimates, the area contains 8.3 Trillion Cubic Feet of Gas in Place of which 5.8 Trillion Cubic Feet is considered recoverable.

"I look forward to keeping shareholders updated on our progress."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

[bittorrent] 02/10/2017 13:21

They were underwritten at .30 so they would be selling at a loss.

[jungmana] 02/10/2017 13:18

Dodge - am not sure if placing was fully taken . All rns says is "strong interest ".Looks like some selling in the background

[dodge city] 02/10/2017 13:12

I thought the placing was gone over the weekend, are you suggesting people who bought on Primary bid are now selling at a loss.

[jungmana] 02/10/2017 13:10

At this rate the placing overhang will be gone within a week or two. Assay news should help

[virtues and strengths] 02/10/2017 13:01

so cpi is 4%?


which country is that? I do not recall seeing cpi at 4% in UK for about 3-4 years.

Do you think most people understand erosion of their money?

[jayrh] 02/10/2017 12:54

Leave money in a bank at a loss. 1% interest 4% inflation value. Yeah sounds good not....

[sidjameslaugh] 02/10/2017 12:32

If you want to make money here, sit with cash in your account. Buy at or below placing price. Wait for rise and sell out whilst all the primary bid holders are still waiting for their shares. Primary bid is now a dead concept.

[bittorrent] 02/10/2017 12:06

Ignore the dramatic % drop, they are still .29999 to buy, so really unchanged.

[ishaggs] 02/10/2017 11:17

I may buy some at 0.1p

[jungmana] 02/10/2017 11:07

Yes PEA due in about 5 weeks imo. In the mean time lots of assay news should be coming

[mike_f] 02/10/2017 11:01

Just bought a few more myself :) hoping for a turnaround now with assays & PEA due in the coming weeks.

[jungmana] 02/10/2017 11:00

Got 2ks worth at 0.3p about :-)

[pooler1] 02/10/2017 10:58

Tel11

More like tree felling!

[turbotrader2] 02/10/2017 10:56

It's not down 26% it's in auction