Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Vinny: You said 'no more from me'. More lies. You can tell when you're lying as your mouth is moving. Just do one will you please.
Vinny no guarantees here as anywhere on aim
What i know
oil flowed before stimulation and increased after
We also know that we did not damage the wells as we have sold a rail load of the black stuff
Conservative flow rate guesses would be 25% extra sustained - upper limit much higher
UD2 we know they extracted gas and saw the flare to prove it
Now we also know that they have flowed successfully the shallow gas fields.
We increased the tonnage at UD2 and then radio silence
News was - FRR have no intention of doing more gas wells in next 24 months
What is not known
Is the above due to failure, or due to someone else doing it.
Maybe even just due to cost of gas wells, where we can quickly add and make revenue with the oil.
The gas is the big unknown here, so lets leave it out of the equation for a minute ( even thou i think its positive)
So the oil, we have a company financing the next oil well, i assume because they see that as worthwhile.
We are now entering a self sustaining position where wells pay for themselves in under a year, so next year we could finance another 3 wells and snowball effect starts.
we have additional zones and seems the company are looking to add and exploit them.
This increases the flow rates further and increases any future CPR
So on the oil alone, in my opinion we have a sustainable growing company and the risk is lower now than it has been for years.
We again can add in the gas which may be no real value, viable and increase of value or transformational.
So just the oil is enough to make an investment here fairly safe or at least about as safe as you ever get on aim.
We are not at risk of drilling 3 dry holes - we have oil and its flowing.
personally, and please do not use this bit as trading advice, i believe its more likely that the hidden data is exceptionally good.
Thats why a company will spend hard cash to drill a well with us
Pyro, I have no agenda, I am venting, as I am not happy. Still get the feeling we have all been sold a dud. if this ever gets back to .6 I will be out. As much as we all want this to explode, there is little evidence to say it is. Call it the calm before the storm, I will point you in the direction of 100s of AIM companies that have been calm for years and still not exploded, can also name quite a few that are no longer trading. Patterns do not always work. Exxon you mention... Maybe so, but that is just trying to put a link to FRR and EXXON that is not there, same as when BP was mentioned so much last year. Are BP working with FRR? NO! they are not!
Again kipperman, you have no evidence of that
Look at production across Georgia - no company is exploiting huge amounts
Majors are keeping a low profile
I would suggest that frontera are the company that have found and utilised the key to unlock the resources.
Exxon now taking an interest in the Country and buying into BTC
Gas in Georgia is currently at very low levels, you can find that info for yourself
So why would the Govt be unhappy with FRR if they have unlocked that hydrocarbon and therefore offer huge potential for the country? If Frontera have found how to extract it at commercial levels then it also means that could be replicated at other blocks in Georgia too.
Ever thought the arbitration could be for FRR to share the key to success?
Your making assumptions to fit your agenda
Georgian Government are sick of Frontera, they want the oil and gas out the ground and flowing so they can sell it. Frontera do not appear to be getting it out the ground very quickly. Whilst it is in the ground, it is not worth a penny, once out of the ground, the Gerogian government take a cut, regardless of who gets it out.
Yes kipperbrain
they are
Georgian Govt are people or are they robots over there
Why not go and put Georgian Govt into google images and you will see they are real people that look like people on here.
you really are a clown
Who is fighting over the empty box? You are implying that names are know? I still see no names.
Many possible reasons for the silence
However people are getting frustrated and impatient.
However when you look at what happens 9/10 times with a share in a flat base - then really nothing to worry about.
We are in flat base now and have been for many weeks - in fact trading around 10% has to happen for minimum of 5 weeks for us to be in one.
They can happen for many months
What it means is the share is in a position of strength as its being held up, the drop has ended and we are held in a trading pattern.
What is very often following is a 100-150% rise over a week or so.
So if i could i would be happily buying more ready for when the market is ready for that huge push up wards.
lets not forget the fighting going on - which remember you do not fight over an empty box