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Frontera Resources Share Chat (FRR)



Share Price: 0.42Bid: 0.41Ask: 0.43Change: -0.015 (-3.45%)Faller - Frontera Res
Spread: 0.02Spread as %: 4.88%Open: 0.435High: 0.435Low: 0.42Yesterday’s Close: 0.435


Share Discussion for Frontera Resources


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ThomBola
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.455
Test flows.
Mon 19:38
Are we actually selling any oil yet?
 
Tsbs
Posts: 7,810
Off Topic
Opinion:No Opinion
Price:0.455
RE: Today
Mon 19:37
well in the space of a few posts we ve got time frames from 6-8 weeks to 12 months

i could really do with it this week please50p a share for the gas. they can have 14 days cooling off period and no money back without a receipt
Ivyspivey
Posts: 8,148
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (3)
Georgia PM Visit
Mon 19:37
Prime Minister of Georgia Giorgi Kvirikashvili and the ministers of economy, foreign affairs and defence will visit the US from May 21-24.
During his working visit PM Kvirikashvili will open the plenary meeting of the Georgia-US strategic partnership council with the US Secretary of State Mike Pompeo.

Also, Kvirikashvili will take part in the US-Georgia strategic partnership annual conference which is being organised by the Heritage Foundation and the US Institute of Peace in Washington DC.

On May 23 Kvirikashvili will attend the event dedicated to the 100th anniversary of the first democratic Republic of Georgia, which will be held at the US Institute of Peace in Washington DC organised by the Georgian Embassy in the US.

Moreover, several bilateral meetings are planned with representatives of the executive government, as well as with the heads of various congressional committees.
Zibrahimovic
Posts: 3,377
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (3)
RE: Today
Mon 19:14
I like that free..precision frac test. That’s exactlty what it is and bit by bit it is giving the team accurate results for very small portions of the overall play and that could be vital going forward in the other drills.

As mole says, these are test wells that will prove the overall development and production plan...

I’m very happy atm with the progress.
5pPlasticBagget
Posts: 691
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (3)
The SP is like a
Mon 19:13
Coiled spring! Each RNS that comes puts more pressure on that spring. It is only a matter of time until the spring is released and we will see a rise like a jack in the box! All the best all, very happy with today’s delevopments.
Tenners
Posts: 621
Off Topic
Opinion:No Opinion
Price:0.455
RE: Today
Mon 19:12
I do believe st the latest share holder meeting, when Zaza was asked about the arbitration. His response was that he believed it was a negotiation tactic, because they (GOGC) know Frontera is about to take off.

Zaza is confident, and the comment at least suggests Frontera is expecting a negotiation or is already in the middle of one.
Freeatlast
Posts: 1,169
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (5)
Today
Mon 18:57
Well....all I can say about today, having read all iii posts,and here, is the market is knapping.
There is something brewing. Every day that goes by, gets us closer to it.
Even if there has never been a major looking, or Nda.........the big boys will be looking now.
Each precision frac test result is going to give us a bigger asset on the books.
I wish wish wish I could afford some more shares....boy they are cheap right now.
One day, in the next 12 months, this is going to utterly explode Imo. Sky's the limit.
Never been happier holding, than right now.
Zaza's demeanor, of late, is rubbing off on me now.
He knows what's coming......we don't.
Very excited. It's all good. JMO
Retireby40
Posts: 4,709
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (5)
Devex on iii
Mon 18:39
Devex on iii-

Very happy with this - and quite a few first thoughts

- he was very clear at the presentation - a) the perforation schedule will be adapted according to latest information (eg rock data, porosity etc), and b) these are test wells - for potentially 250 other wells. From what we have seen and heard they want to test each zone thoroughly and independently, and as 14 and 15 are the new areas these are being very carefully initiated. I suspect this is partly for future CPR and proving purposes - the previous NSA data will at some point need to be updated and they will want very clear data on each zone.

- the economic model was updated positively re T45 - and no doubt WHI and the company will update again. Will surely be another upgrade

- the longer we have no news on UD2 the better. They are doing all this very properly and clearly thoroughly

- T39 won't be too far away, and quite possibly oil is already flowing. As SB says with Zone 9 we should be seeing well over 1000 bopd in HY2. Zone 13 may well add to this figure

- Zaza's comments are back in the "hugely positive" mode - he stood back a bit after the arbitration issue. He knows pretty well how and when information will be RNS's - and I think he will play this for all its worth

- As SB says there will are some serious cash flow impacts starting to arise, and ZMs comments are very much aimed at SOAG/GOGC etc

- Any interested partner/investor will be looking at this with growing interest, and I suspect a number of new financing options are emerging for YA, Niko, MK Seismics, gas pipelines etc

No doubt the SP will take time to respond - but for what it is worth the next 6 to 8 weeks are in my view building up to be the most significant in the history of FRR (thus far
Retireby40
Posts: 4,709
Off Topic
Opinion:No Opinion
Price:0.455
View Thread (3)
SB earlier on iii
Mon 18:39
SB on iii-

Wonderful initial results from Dino2 - takes overall daily production to 765bpd. With T-39 around 3 weeks away from completion, hopefully we can hit the magical number of 1,000bpd very soon.

Taking an average PoO of say US$70, that's US$70k extra cashflow every day. Hopefully this will help us to secure new RBL facility, which I feel is probably being discussed.

Anyway, what is hugely important to remember is that both Dino and T45 are ONLY currently producing from zones 14 and 15. Zone 9 to come on line within next 30-60 days, so another 20%-30% uplift in daily production. And, yet we still await an announcement for what plans of Zone 13 [could also be very lucrative but could be dictated by arranging new financing?].

Also very interesting to note Zaza's comments, but specifically this..."The ongoing Block 12 Study Program, with the extensive geological and geophysical works, continues to confirm that the Eldari reservoir is very well developed within the Block 12 boundaries and extends well beyond 800sq.km wide Taribani Complex, where 80 sq.km Taribani field is situated. The current success of the Dino-2 testing is an important step forward towards achieving commercial development of the Taribani oilfield."

I take this as strong hint that they will be pushing the Georgian Govt to convert the license to a production one.

Finally, Ud-2 news this week? I think the chances has to be high. In the meantime, daily cashflow has increased US$60K a day - this is making tangible progress [and to think the price of oil makes little difference to company like FRR].

JMO
Dulwichman
Posts: 553
Off Topic
Opinion:No Opinion
Price:0.455
RE: In Other News
Mon 18:36
Code
Do you have any more detail on this? Source of information etc Then I may be able to do some digging.

TA




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