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Frontera Res Share Chat (FRR)



Share Price: 0.765Bid: 0.74Ask: 0.79Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.05Spread as %: 6.76%Open: 0.79High: 0.79Low: 0.75Yesterday’s Close: 0.765


Share Discussion for Frontera Res (FRR)


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hereward
Posts: 97
Off Topic
Opinion:No Opinion
Price:0.79
pfl
Tue 00:32
In Part 1.1 of the Block 12 PSA, crude oil and natural gas is referred to as "petroleum".
In Part 1.6, remaining petroleum (following recovery of costs and expenses) is referred to as "Profit Oil".

Therefore, it follows that the 51% to 49% split of Profit Oil is for oil and gas.
 
Punkfeelinglucky
Posts: 5,911
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
devon
Mon 23:37
Cheers. There are still a lot of big things that need clarification but even worst case is multiples of here.
DevonianExile
Posts: 198
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
PFL & GOGC
Mon 23:32
From page 6 - annual report 2013:

"Under the terms of the Block 12 PSA, Frontera is exempt from all taxes imposed by the
government of Georgia, and any taxes imposed on the Company are paid by Georgian Oil on
behalf of the Company from Georgian Oil’s 51% share of Profit Oil. Taxes are defined by the Block
12 PSA to mean all levies, duties, payments, fees, taxes or contributions payable to or imposed by
any government agency, subdivision, municipal or local authorities within the government of
Georgia."

Obviously this was written with oil in mind - suspect there is a behind scenes "debte" on meaning given the developing gas story
daddypaul
Posts: 1,230
Off Topic
Opinion:No Opinion
Price:0.79
PFL
Mon 23:28
Now holding 750k voted yes. Daddypaul
Punkfeelinglucky
Posts: 5,911
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
bridget
Mon 23:09
I know rounding to nearest p it is 36p which was my point about your maffs. But made further comment on other figures
bridget1963
Posts: 1,220
Observation
Opinion:No Opinion
Price:0.79
pfl
Mon 23:03
Wasn't really guestimating the price. Value but trying to divide 1billion £ by number of shares then half the answer .
Punkfeelinglucky
Posts: 5,911
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
bridget
Mon 22:51
Your mafia is a bit off but considerably closer. However the base calculations are way off. If frr sold the field for 1 tcf then we could talk those numbers.

But pricing it in like that after a Cpr is very unlikely AND you are presuming it is proven. I am guessing for 1 tcf given the internal recoverable and recent drilling and infrastructure work but it is a guess.
Punkfeelinglucky
Posts: 5,911
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
someone raised
Mon 22:45
A point (it might have been onedb on ii) and I need to get it verified but the point ( and it was news to me) was that gogc get half the profit but pay ALL the tax on the oil NOT the gas. If someone could ask him to point to the source for that it would be good.
bridget1963
Posts: 1,220
Observation
Opinion:No Opinion
Price:0.79
View Thread (3)
RE: I have a dream!!!
Mon 22:22
How do you get 1billion to 50p my maffz get to 34 divide by gogc = 17p. Open to corrections
Hhardon
Posts: 799
Answer
Opinion:Strong Buy
Price:0.79
View Thread (3)
RE: I have a dream!!!
Mon 22:12
If 2.5p per TCF and 20 TCF this Q verified.....50p will do for starters.
Plus the oil.
And more gas,of course.

H.





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