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Frontera Res Share Chat (FRR)



Share Price: 0.57Bid: 0.56Ask: 0.58Change: -0.015 (-2.56%)Faller - Frontera Res
Spread: 0.02Spread as %: 3.57%Open: 0.58High: 0.58Low: 0.57Yesterday’s Close: 0.585


Share Discussion for Frontera Res (FRR)


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zeps
Posts: 3,831
Off Topic
Opinion:No Opinion
Price:0.66
Unbelievably rns 2010 not 2014
12 Apr '14
This new engineering analysis has resulted in the design of a new plan to workover, sidetrack and frac multiple horizons within the existing Niko #1well that is situated near the Dino#2 and T-#45 wells. Internal modeling predicts a sustainable 'most-likely' case of 1,000 barrels per day of resulting oil production from such a completion. When Frontera originally drilled the Niko #1 well in 2000, it produced 5,345 barrels of 41° API oil during a 40-day production test and flowed at a peak rate of 960 barrels per day. However, stable rates could not be achieved and sustained due to mechanical issues associated with the well's completion design that Frontera believes have since been overcome with evolvement of learning from the Dino #2 and T-#45 wells.
This is why the settlement is lacking. But now we can move on finally. It's took about 3 1/2 years to get where we are. Let hope progress when we get the nod from the Georgian gov is quick. As someone has said previous it's in their best interest. So should be swift. Hoping we hear next week. That would be something 3 rns in less than 2 week. Come on frr. You have started lets see you finish. Lol
 
bugsy-b
Posts: 872
Observation
Opinion:No Opinion
Price:0.66
So, I wonder
12 Apr '14
What now happens to the $5 million plus £910,000 finance Frontera got on January 20th for the workover/stimulation campaign on Taribani & Mirzaani ?.. Now we have a farm in will all the money be used on Mirzaani & Mtsare Khevi ?
The "Local gossip" Georgian energy website stated quite clearly that $260,140 was being drilling the borehole North West of well #32 to enhance flow rates..Wonder where the rest is being spent ?
Arsenal221
Posts: 26,448
Off Topic
Opinion:No Opinion
Price:0.66
zeps
12 Apr '14
On 5p, for yr end/early 2015, should be possible that though does go on Frr speeding up on the last 2yrs.
zeps
Posts: 3,831
Off Topic
Opinion:No Opinion
Price:0.66
Unrisked niko1& gas online
12 Apr '14
The fincap report puts it at 6.86p. With recent 4.7 dilution from recent share issue. That takes us to about , 6. 32p.
I think that will do for now. Even taking Varongs 40% in to consideration on the oil for their part. It's still about 5.00p.i think that's arsenal assessment. Good guess mate.
Arsenal221
Posts: 26,448
Off Topic
Opinion:No Opinion
Price:0.66
zeps
12 Apr '14
Just checked, it was around 950bopd. So the 400 I mentioned is about right.
Arsenal221
Posts: 26,448
Off Topic
Opinion:No Opinion
Price:0.66
zeps
12 Apr '14
On the Niko well what was the flow rates, previously, as in my last post i wast thinking on 900bopd, but now I am thinking it was 1900bopd?
Arsenal221
Posts: 26,448
Off Topic
Opinion:No Opinion
Price:0.66
zeps
12 Apr '14
I would think that level of sp will not make it properly towards/past 1p for another few weeks or maybe a bit more. So there is still time to get in at a very good level, as even somewhere in the 0.8s would be great.

I don't think many will believe in Frr, until they do get the oil production increasing & as I have mentioned 1000bopd+, should be reached by yr end. Especially as Niko, should be worth around 400bopd to frr.
zeps
Posts: 3,831
Off Topic
Opinion:No Opinion
Price:0.66
Arsenal
12 Apr '14
Good morning mate. I am very surprised we Haven't had. A visit from mr dougal. I know. We have had a. Visit from flightman in is alias. I. Am wondering if our friend dougal is still invested in here.
Arsenal221
Posts: 26,448
Off Topic
Opinion:No Opinion
Price:0.66
Now
12 Apr '14
that Frr have funding & gas production going, I just cannot see how they will not make it into the pennies via the increase in gas, also oil production.
zeps
Posts: 3,831
Off Topic
Opinion:No Opinion
Price:0.66
The report
12 Apr '14



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