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EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms Watch Here

EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors


Frontera Resources Share Chat (FRR)



Share Price: 0.33Bid: 0.32Ask: 0.34Change: -0.01 (-2.94%)Faller - Frontera Res
Spread: 0.02Spread as %: 6.25%Open: 0.365High: 0.365Low: 0.305Yesterday’s Close: 0.34


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Tenners
Posts: 639
Opinion:No Opinion
Price:0.33
Looking at the positives
Today 09:00
Looking at the positives.

It wasn't that long ago that everyone doubted block 12 actually had any oil and gas.

But I think now it's clear that it's there in commercial volumes.

The deeper we go, the more there is. It seems FRR are taking taribani step by step, reporting on individual zones a stage at a time.

Stacking all zones together in each well, it could be each well has the potential to flow 800-1000 bbls.

This is significant progress, and now in taribani we are also flowing wet gas, which is a bonus and was never the original target of this drilling campaign.

The taribani field alone is worth billions, and this it seems is well on the way to a meaningful updated CPR with booked reserves.

UD2 is all about producing dry gas, from an massive gas field that has been identified near to the international pipelines running (by chance?) through block 12.

It has not flowed significantly, but we have proved it exists, it has commercial flow rates and its goods quality. So it now needs to be sidetracked in order to get it out.

We are leaps ahead of where we were 12 months ago.
 
commy
Posts: 5,294
Opinion:No Opinion
Price:0.33
RE: RNS
Today 08:59
mole.yipeeee!!!.although our posts worded differently we seem to agree on everything this morning.i note with interest your thoughts on going deeper at niko.i was actually just thinking the same.having re-read the rns a few times it came to me that they are mentioning zones 20,23 and 25 in eldari b for the first time in this new well program.also note that the company stated"The Company anticipates that production rates from future development wells may be significantly higher".this would suggest that they do indeed intend to go to 20,23,25 in future wells.
anyway makes a nice change for us to be thinking on very similar lines.lol.
Bibzy7
Posts: 55
Opinion:No Opinion
Price:0.33
RE: RNS
Today 08:57
Well the ud2 well is not good. Is that really a big surprise. What we did find out is there is plenty gas there and they will side track to get it. We know they have a good record of this so they will be highly confident of completing that. Over all its a good rns and hopefully we will see a nice steady rise over nxt few weeks/months
Bigdaveboom
Posts: 153
Opinion:No Opinion
Price:0.33
RE: Rns
Today 08:56
Well i bet that rns as got everybody above water now. Think when people get there money back there will be an exodus
CF73
Posts: 5,432
Opinion:Strong Buy
Price:0.33
RE: Rns
Today 08:54
Agreed a very good RNS Noloss!
hottrader77
Posts: 2,314
Opinion:Strong Buy
Price:0.33
RE: Whats are new total for bbls/d?
Today 08:53
960 bopd which is great , $75 a barrell X 960 bold = $ 72,000. a day X 30 days = $2,160,000 of oil revenue coming in each month and that does not include 1 well or GAS , I would have to check the market cap of FRR but someone was saying it is $ 56 million USD as you can see after 2 years we have got 50+ million USD of oil revenue so the market cap and SP will have to be revised up significantly over the next couple of years , plus the company has enough income coming in now to be self sufficient and no chance of it going under so making this share a very safe investment for the future .
I ALSO have to say why some investors are going on about lack of communication this company last updated only 3 weeks ago and 2 weeks before that and 2 weeks before that and still has brought magnificent results so I think the criticism is unjustified , when the revinue is added to the books you will see this share rise significantly so hold onto your hats boys and girls and get topping up at this price its very cheap SP and amazing price to get into FRR ! Go go FRR !
Coggy
Posts: 13,667
Opinion:No Opinion
Price:0.33
RNS
Today 08:52
Just read it again.

Gas?? We have sh*t loads and it's flowing from Zone 19 out of T39 well. OK, so it's wet gas. Big deal. Never mind UD2, we can flow gas and oil from Zone 19, T39.

I doubt we'll be allowed to flow oil alone from Zone 19, as the gas will need to be flared. The story is still unfolding.
Pompeyrod
Posts: 1,063
Opinion:No Opinion
Price:0.33
RE: Question
Today 08:50
Thank you mole..for your response and the leads for me to follow..interesting stuff
Nolosstillsell
Posts: 5,493
Opinion:No Opinion
Price:0.33
Rns
Today 08:50
Very good Rns. Oil results are very encouraging and the company should be able to ramp up even more production fairly quickly now.

Regards the gas, it will need to be a new well in the future. Probably by another company imo. However its all about the oil for now and that's just fine. :)
Bibzy7
Posts: 55
Opinion:No Opinion
Price:0.345
RE: Sp
Today 08:48
Naz sorry but i just can’t see that. Ii are bored and frustrated with frr. We all waited for a rns witch i think is a good one but market doesn’t as per usual
CF73
Posts: 5,432
Opinion:No Opinion
Price:0.33
RE: Let the sheep go
Today 08:48
MMs trying to shake the weak'ns loose before the key uplift into the 0.4p range

Good luck folks!! :-))
Moleinahole
Posts: 4,131
Opinion:No Opinion
Price:0.33
RNS
Today 08:48
Well people have got what they were clamouring for so I hope they are happy.

Let's start with UD2. The Soviets struggled to drill at that lication. UD1 is 10m away from UD2 and was abandoned when the Soviets were unable to carry on. That gives you a clue as to the conditions and quality of the drilling. UD2 they have effectively tried in 3 stages this RNS confirms they went back higher up the bore each time to try and find better area to work with. Remember this well is 5000m deep and we are working in 30m section half way down. I would agree they probably knew in November that the cementing was alot worse than they hoped. But for at most $1m they have learnt alot about the formation. Whether increasing the pumping power was a good idea on a weak cement job I'm not so sure on that. The rate of gas flow i would like to hear more about that as it should have been higher. So the deep gas stays where it is for the moment pending a sidetrack or new well. Its not going anywhere soon. We need to see how Schlumberger get on with their new wells in their campaign.

The oil at T39 is very positive for 1 zone. Its good high quality oil and on its own is flowing at double our current production profile.

YA is being paid on schedule without dillution which hints at good results from T45 and Dino.

T45 and Dino result is being reserved for later. From RNS you can't read that as either positive or negative. Probably sensible to split the announcements rather than throw it all out there together to allow UD2 news to be digested.

I think it's possible that Niko might go deeper now and target these deeper oil zones when it's done in November.

Overall it's positive on T39 and YA but UD2 will disappoint those who were here just for the gas as it really needs new modern wells and the work has shown that to be definitively the case now.
mapp
Posts: 724
Opinion:Strong Buy
Price:0.33
Dirty Game
Today 08:47
for Fat Cats on AIM.
CF73
Posts: 5,432
Opinion:Strong Buy
Price:0.33
RE: Let the sheep go
Today 08:46
Agreed completely reg, the gas is there and they're working on it.

And the oil is excellent!
Timster
Posts: 2,990
Opinion:Strong Buy
Price:0.33
RE: Coggy
Today 08:46
can we also put the massive buyout talks that are occurring in the background to bed?

they aren't..........
Sycric
Posts: 2,045
Opinion:No Opinion
Price:0.33
RE: Sp
Today 08:46
I would be happy this just getting back to 0.55/60 at the moment. (Where we used to bounce around for ages)
We seem to have a lot more than then,why have we got down here.
naz11
Posts: 4,712
Opinion:No Opinion
Price:0.33
RE: Sp
Today 08:45
the sp was deliberately dropped by the MMs this morning to shake out out the weak and collect millions of cheap shares, they know these are worth a lot more, sp is on the rise now and I believe we should break .40 today and then onwards and upwards.imo
Zibrahimovic
Posts: 3,685
Opinion:No Opinion
Price:0.345
Decent update...
Today 08:45
UD2 always a gamble and even a surprise to WHI however the gas is there, it just needs a new shiny well to get at it....Schlumberger anyone?
Timster
Posts: 2,990
Opinion:Strong Buy
Price:0.33
Level
Today 08:44
Finish I reckon

todays RNS didn't really tell us anything we didn't know already. Final Flow rates are key here
CF73
Posts: 5,432
Opinion:Strong Buy
Price:0.33
RE: Excellent RNS
Today 08:44
1000 bls per day!!!
Bibzy7
Posts: 55
Opinion:No Opinion
Price:0.34
Sp
Today 08:42
Sp still drops. Honestly can’t see what will get this back to the highs .80
firegazer
Posts: 14,835
Opinion:No Opinion
Price:0.33
Coggy
Today 08:41
yep, have to agree, much better than I expected on the oil side.

ud2 has turned out as many of us feared it would however, maybe now we can finally put it to bed and focus on the black stuff.

Its been very quiet from a few holders this morning tho, funny that!
regdik
Posts: 1,088
Opinion:No Opinion
Price:0.33
Let the sheep go
Today 08:40
I agree with coggy well done ZaZa and team.
I'm in it for the gas and this proves we have a significant quantity that will interest any major.
This explains to me why a technical team were in Georgia and not just a well survey team. They obviously had this data and were reviewing the best way of extraction. A Mino will not have the ££ or technology to do this but its bread and butter to a major. It will cost millions per well (hence the 2 year delay as FRR build funds). Would a major be interested - one word Yes. They may pay a nominal fee to FRR and enter into a profit sharing deal (nominal in major speak is anything up to a billion). Let the sheep leave as this will build and build.
CF73
Posts: 5,432
Opinion:No Opinion
Price:0.33
Excellent RNS
Today 08:40
I'll revenue helping to pay off YA as per plan and leave some to help develop programmes. So we can faith in the YA payment plan that was paid out.

Work on UD2 ongoing. Know it's going to be massive otherwise why sidetrack etc.

And remembering the $3 million raised for NIKO.

Looks like dilution is a thing of the past!
John21
Posts: 2,029
Opinion:No Opinion
Price:0.335
RE: Zaza
Today 08:39
Trumpy - i think lunch time will be pivotal.




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