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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


Frontera Resources Share Chat (FRR)



Share Price: 0.175Bid: 0.17Ask: 0.18Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.01Spread as %: 5.88%Open: 0.165High: 0.175Low: 0.1575Yesterday’s Close: 0.175


Share Discussion for Frontera Resources


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mid-pro21
Posts: 325
Off Topic
Opinion:No Opinion
Price:0.175
RE: Oil costs and profit margin
Sat 23:32
Risk you are in dreamland mate.
 
Riskisprofit
Posts: 318
Off Topic
Opinion:No Opinion
Price:0.175
RE: Oil costs and profit margin
Sat 23:16
Based on the figures I was using (which are probably nowhere near FRR'S costs to be honest), 2200boe per day would net Frr a cool 2M-2.5M per month, possibly to help keep the company afloat while they prove up their 202TCF asset.
Riskisprofit
Posts: 318
Off Topic
Opinion:No Opinion
Price:0.175
RE: Oil costs and profit margin
Sat 23:10
What I used initially was $55 per barrel, costing $20 to produce. Does this reflect FRR's figures even remotely?
Wy806
Posts: 12
Off Topic
Opinion:Strong Buy
Price:0.175
Frr
Sat 23:05
Before the rise there is a fall hopefully we will see a big rise on Monday but hold firm the rise is Cumming
Riskisprofit
Posts: 318
Off Topic
Opinion:No Opinion
Price:0.175
RE: Oil costs and profit margin
Sat 23:04
I have looked everywhere,I can't find any solid figures. Oil has a different extraction cost and selling value in all country's. Are you able to help answer my question Cristal
cristalball
Posts: 1,791
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.175
View Thread (2)
RE: Oil costs and profit margin
Sat 22:21
Risk - have you done any research at all before buying in ?
Riskisprofit
Posts: 318
Off Topic
Opinion:No Opinion
Price:0.175
Oil costs and profit margin
Sat 21:11
How much does it cost FRR to produce a barrel of oil. Also, what is their profit margin on this? I read they were meant to start producing 2200boe per day November sometime, however I haven't seen an RNS confirming this. Possibly may come out very soon? SP should fly as a result.
Ivyspivey
Posts: 6,381
Off Topic
Opinion:No Opinion
Price:0.175
Hoping
Sat 20:38
Ariel Cohen Retweet

https://twitter.com/i/web/status/835518366139957248

Let us hope the natural resources mean loads of gas and very relevant in. 2017.

Other AC retweets include Levathian Gas Profitability so it may be cryptic and he has been silent in FRR Gas since Black Sea Report
Riskisprofit
Posts: 318
Off Topic
Opinion:No Opinion
Price:0.175
RE: 325p on August 2011
Sat 20:34
Thank you for the explanation Mole, may I ask how mamy shares do you own here. You've been here for over 6 years?
Moleinahole
Posts: 2,337
Off Topic
Opinion:No Opinion
Price:0.175
RE: 325p on August 2011
Sat 20:12
July 2011 was when frr held their last restructure. They issued shares at 4p to convert debt to equity. Since then they have not raised any new debt finance outside the RPN or YA drawdowns. After that Outrider acquired a chunk of the $30m remaining loan notes that were not converted at a heavy discount and hold them to this date buying from a distressed seller who held the notes. All the loan notes that were converted had suffered substantial losses and that includes Steve. After the restructure alot of former note holders had equity positions that they exited and this was a major drag post 2011 as they sold into any rise. Once they had exited we ended up using the SEDA with YA and that has put further pressure on the share price. Outrider sold the equity they acquired as did DDJ the other major holder.

This has been a big problem for frr as it has restricted the amount of cash raised in the SEDa placings and has put the share under constant pressure while revenue remains illusive. The recent CLN rollover is simply the latest chapter in the restructure started in 2011.

I strongly recommend any new holders to read the AIm admission documents and the RNs from mid 2011.

Liz Williamson used to be the communications director but she abruptly left mid 2016 when budgets were tight and since then the roll has not been filled by abchurch are playing more in the space now.




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