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Frontera Res Share Chat (FRR)

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Share Price: 0.57Bid: 0.56Ask: 0.58Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.02Spread as %: 3.57%Open: 0.57High: 0.66Low: 0.56Yesterday’s Close: 0.57


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Suzz
Posts: 6,354
Off Topic
Opinion:No Opinion
Price:0.57
Amcham Georgia
Today 05:15
Report on the new tax regime and its benefits for business investment announced yesterday.

https://www.facebook.com/American-Chamber-of-Commerce-in-Georgia-143311982385648/
 
fez72
Posts: 479
Observation
Opinion:No Opinion
Price:0.57
It's late
Today 02:36
But do my eyes deceive me:

http://archives.datapages.com/data/rus_pet_geol/data/016/016001/24_pg160024.htm

Are there gas flows of 250000m3 per day as well as 140000 and 60000m3 per day - one is a t well I believe.
fez72
Posts: 479
Observation
Opinion:No Opinion
Price:0.57
v wells
Today 02:23
Bugsy-b mentioned the location of the v wells the other day. The april 15 cpr mentions Vashliani - this is probably the reference v & is just north east of tiblisi - looks like it's nearing the edge of block 12?
fez72
Posts: 479
Observation
Opinion:No Opinion
Price:0.57
cpr
Today 01:57
Just re-read last year's cpr & the opening line is:

In accordance with your request, we have estimated the undiscovered original gas-in-place (OGIP) and unrisked
gross (100 percent) prospective gas resources.

So there were never going to be any reserves as they were never asked for - they were only asked to assess undiscovered OGIP.

No wonder the press, be it Russian or not are sceptical, the previous NSA assessment isn't really worth the paper it's written on when it comes to proving the field - reserves & contingent reserves are required, not undiscovered OGIP figures.

Are we going to get reserves this time around? Not so sure as this is the extract from the rns':

Frontera is now in the process of completing the second independent assessment of its gas resource estimates associated with the South Kakheti Gas Complex.  Earlier this year, Frontera announced results of the first report that it commissioned by the U.S.-based consulting firm of Netherland, Sewell & Associates.  This report was associated with two sub-areas situated within the South Kakheti Gas Complex and confirmed combined prospective natural gas resources of as much as 12.9 trillion cubic feet (365 billion cubic meters) of gas-in-place, with as much as 9.4 trillion cubic feet (266 billion cubic meters) of recoverable prospective natural gas resources.  As reported in September 2015, the Company concluded that the South Kakheti Gas Complex was one integrated geologic unit. The Company has since engaged Netherland, Sewell & Associates to complete a further independent assessment of the gas potential associated with the balance of the South Kakheti Gas Complex.  Results of this work are expected during the first quarter of next year.

Sounds like to me they are only getting the same again - independent assessment of frontera estimates of OGIP.

Let's hope I'm wrong.

Head above parapet ready to be shot down.......
NMH19
Posts: 4,241
Off Topic
Opinion:No Opinion
Price:0.57
Billyswizz
Thu 23:52
Major RNS coming - so's Christmas - just not too sure which is going to come first...lol
But seriously, why do you think so??
Billyswhizz
Posts: 1,136
Off Topic
Opinion:No Opinion
Price:0.57
RNS incoming
Thu 23:48
Hold on to your hats...
regdik
Posts: 262
Off Topic
Opinion:No Opinion
Price:0.57
FF
Thu 22:48
Nice to think that but it will not work like that. If there is a political solution then we will see action from a significant player (O&G or Finance) once the elephant/Bear in the room has been caged - but I'm sure contact has been made (inc Gazprom)
regdik
Posts: 262
Off Topic
Opinion:No Opinion
Price:0.57
Who'd have thought
Thu 22:33
As I said Coggy made for the part Of Sir Sid!
Coggy
Posts: 9,257
Off Topic
Opinion:No Opinion
Price:0.57
regdik
Thu 22:19
SimonT
Posts: 1,278
Off Topic
Opinion:No Opinion
Price:0.57
FF
Thu 21:46
Maybe he has a promise on the table, something like "if the CPR confirms what you say is there we will buy in" from one of the majors?
I would be very surprised if talks along those lines have not taken place! Everyone will want this if proven, there is nothing to lose and everything to gain by a major having a gentlemans agreement in place!




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