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Frontera Res Share Chat (FRR)



Share Price: 0.73Bid: 0.72Ask: 0.74Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.02Spread as %: 2.78%Open: 0.735High: 0.735Low: 0.73Yesterday’s Close: 0.73


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Fireflying
Posts: 524
Off Topic
Opinion:No Opinion
Price:0.72
Varang
20 Aug '14
Is Varang a front for OPIC?

http://www.opic.gov

OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy.
 
Fireflying
Posts: 524
Off Topic
Opinion:No Opinion
Price:0.72
S.2277 cont
20 Aug '14
(e) Effectiveness Measurement.--In providing loan guarantees,
assistance, and support as described in this section and in
prioritizing the projects as described in this section, the President
and the heads and other appropriate officials of the United States
Agency for International Development, the Trade and Development Agency,
and the Overseas Private Investment Corporation shall ensure that the
effectiveness of such guarantees, assistance, support, and projects is
measured through the use of clear, accountable, and metric-based
targets aimed at achieving energy independence for Ukraine, Georgia,
and Moldova.
(f) Report on Additional European Gas Pipeline.--Not later than 90
days after the date of the enactment of this Act, the Secretary of
Energy shall submit to the appropriate congressional committees a
report on the costs, benefits, and economic viability of a gas pipeline
extending from the border of Turkey into Eastern Europe and
interconnected to the proposed Trans-Anatolian pipeline.
(g) Report and Plan on Nuclear Power in Ukraine.--Not later than
180 days after the date of the enactment of this Act, the Secretary of
Energy, in coordination with the Secretary of Commerce, shall submit to
the appropriate congressional committees a report--
(1) identifying the nuclear fuel requirements of the power
sector of Ukraine; and
(2) including a plan for--
(A) supporting commercial production capabilities
to provide alternative nuclear fuel supplies for
Ukraine; and
(B) providing such support as the Secretary of the
Energy deems appropriate for Ukraine to maintain the
safe, secure, and sustainable operation of nuclear
reactors in Ukraine.
Fireflying
Posts: 524
Off Topic
Opinion:No Opinion
Price:0.72
S.2277 cont
20 Aug '14
(c) Support From the Overseas Private Investment Corporation.--The
Overseas Private Investment Corporation--
(1) should prioritize support for investments to help
exploit existing natural gas reserves, to conduct additional
exploration for oil and gas, to develop alternative sources of
energy, including oil and gas, and to encourage energy
efficiency, for Ukraine, Georgia, and Moldova, including the
development of associated transportation, storage, and
refinement facilities; and
(2) shall implement procedures for expedited review of and,
where appropriate, approval of, applications by eligible
investors (as defined in section 238 of the Foreign Assistance
Act of 1961 (22 U.S.C. 2198)) for loans, loan guarantees, and
insurance for such investments.
(d) Prioritization of Energy Projects in Ukraine, Georgia, and
Moldova by the World Bank Group and the European Bank for
Reconstruction and Development.--The President shall direct the United
States Executive Directors of the World Bank Group and the European
Bank for Reconstruction and Development to use the voice, vote, and
influence of the United States to encourage the World Bank Group and
the European Bank for Reconstruction and Development to invest in, and
increase their efforts to promote investment in, efforts to help
exploit existing natural gas reserves, to conduct additional
exploration for oil and gas, to develop alternative sources of energy,
including oil and gas, and to encourage energy efficiency, for Ukraine,
Georgia, and Moldova, including the development of associated
transportation, storage, and refinement facilities, and to stimulate
private investment in such projects.
Fireflying
Posts: 524
Off Topic
Opinion:No Opinion
Price:0.72
S.2277
20 Aug '14
https://beta.congress.gov/bill/113th-congress/senate-bill/2277/text

I can't get over section 306 in this US congressional document from May 1 2014.
Remember, we have Georgia, a MOU with Ukraine and one or two leads regarding exploration opportunities in Moldova.

"SEC. 306. EUROPEAN AND EURASIAN ENERGY INDEPENDENCE.

(a) Assistance From the United States Agency for International
Development.--The Administrator of the United States Agency for
International Development should prioritize--
(1) loan, lease, and bond guarantees to appropriate
financial institutions and other eligible borrowers through the
Development Credit Authority to facilitate the involvement of
such institutions and borrowers in financing efforts in Ukraine
to help exploit existing natural gas reserves, to conduct
additional exploration for oil and gas, to develop alternative
sources of energy, including oil and gas, and to encourage
energy efficiency, for Ukraine, Georgia, and Moldova, including
the development of associated transportation, storage, and
refinement facilities; and
(2) direct assistance to expand efforts in Ukraine,
Georgia, and Moldova to help exploit existing natural gas
reserves, to conduct additional exploration for oil and gas,
and to develop alternative sources of energy, including oil and
gas, and to encourage energy efficiency, for Ukraine, Georgia,
and Moldova, including the development of associated
transportation, storage, and refinement facilities.
(b) Promotion of United States Private Sector Participation in
Energy Development in Ukraine, Georgia, and Moldova.--The Director of
the Trade and Development Agency should promote United States private
sector efforts to help exploit existing natural gas reserves, to
conduct additional exploration for oil and gas, and to develop
alternative sources of energy, including oil and gas, for Ukraine,
Georgia, and Moldova, including the development of associated
transportation, storage, and refinement facilities, by conducting and
funding project preparation activities for projects in Ukraine,
Georgia, and Moldova, including feasibility studies, technical
assistance, pilot projects, reverse trade missions, conferences, and
workshops."
Tenners
Posts: 44
Off Topic
Opinion:No Opinion
Price:0.72
Political might
20 Aug '14
Let us not forget that SN is rubbing shoulders with PM from both Georgia and Ukraine, and it goes without saying that the US Ambassador has been promoting our interests with the movers and shakers. This is being kept under the radar for a purpose. I still think September will be our month, so MM can shake the SP as they like, but I believe we have a great asset that will help the Georgian economy grow and hopefully blow the current SP into history. But what do I know.
zeps
Posts: 4,239
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.72
We must be getting. Close.
20 Aug '14
There are new posters barracking on every site now. Lse. Iii, and of course advfn. He he. Roll on September.
LovableLumax
Posts: 371
Question
Opinion:No Opinion
Price:0.72
Follwing on
20 Aug '14
From April-

Based on Frontera's internal estimates, analysis has revealed significant gas potential throughout this area of up to approximately 1.2 tcf of gas in place (28 billion cubic metres) and up to approximately 700 bcf of recoverable gas (19.8 billion cubic metres). Ongoing geologic studies related to existing well data associated with the Complex continue to provide support for defining the extent of the identified potential throughout the greater Mtsare Khevi Gas Complex. Gas production from the Mtsare Khevi Field will contribute to the assessment of the Complex's potential. Independent assessment is expected to take place in 2014.Independent assessment is expected to take place in 2014.

From July -

Concurrent with ongoing production and new drilling operations, extensive geologic studies continue across the Mtsare Khevi Gas Complex. These ongoing studies include the integration of current gas production performance; historical geologic, geophysical and engineering databases; new geologic field work and outcrop sampling, as well as associated laboratory analysis. To date, study work reveals extensive conventional and unconventional (Maykop shales) potential associated with the Mtsare Khevi Gas Complex. This work is expected to conclude during the third quarter of this year, with independent assessment to commence later in the fourth quarter of 2014

The most recent one doesn't mention the 28bn internal estimate as I bet they think this is now higher and will wait for the independent assessment in Q4.
LovableLumax
Posts: 371
Off Topic
Opinion:Strong Buy
Price:0.72
Share price
20 Aug '14
I called FinnCap and spoke to Christopher Ragget who obviously didn't give me anything the market hasn't been told but categorically said FRR has been producing gas as the April RNS and as clarified in July the gas is being delivered to the national grid. Although the grid accommodates 2m cubic feet per day until another RNS is released the amount being sent to the grid won't be known. He confirmed that producing and delivering gas to the national grid constitutes gas sales, it's not being stored.

To be fair, what else would they be doing with it?! The pipeline was being tested for a good while before April.

In my view, (Christopher didn't say this) we may well get an update on the amount being delivered (sold) to the national grid if we have a drilling/fraccing update ahead on the interim RNS.

Again I didn't discuss This with Christopher but I also suspect If SN meant the 42bn gas figure (but let it slip) I'm sure he wouldn't want to announce to the market their internal estimates until this has been independently verified. If the independent assessment contradicted this he would get panned. Again, this last bit is all speculation by yours truly who is a shareholder so hopes it's accurate.

You may consider this a ramp but in my view this is so undervalued (debt included) it's untrue.
sprucegoose
Posts: 222
Off Topic
Opinion:No Opinion
Price:0.72
VWBeetle
20 Aug '14
rough translation is 10p by Christmas!
theprodigy
Posts: 1,872
Observation
Opinion:Strong Buy
Price:0.72
Zeps VW
20 Aug '14
Thought we would be in the road to recovery SP wise as well as information and communication wise. Info and comms have come a long way in the last 8 months from where we were prior to Christmas. Just the SP to follow suit and we will be a happy board of FRR ers!
One of my friends loves it over there too.
More a Florida man myself. I've picked up the language quite well now and tbe lobster, steak and beer are awesome!!



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