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Share Views Episode 4: Mid & Large Caps with Chris Bailey


Frontera Res Share Chat (FRR)



Share Price: 0.10Bid: 0.09Ask: 0.11Change: -0.005 (-4.76%)Faller - Frontera Res
Spread: 0.02Spread as %: 22.22%Open: 0.105High: 0.105Low: 0.095Yesterday’s Close: 0.105


Share Discussion for Frontera Res


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Fireflying
Posts: 1,097
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Price:0.10
RE: Thompsoning
Today 22:21
Is this FRR oil?
Who knows........
 
Tsbs
Posts: 2,824
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RE: Thompsoning
Today 21:56
so ! is this frr oil be auctioned or not
bugsy-b
Posts: 3,097
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Price:0.10
Thompsoning
Today 21:38
Right, I;m doing a "Thompson" .. nice find fire, Especially when GOGC "hid" the auction under "Tenders".. night all :-)
bugsy-b
Posts: 3,097
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Price:0.10
Frontera crude
Today 21:35
"The Group operates a rail terminal and storage facility at Dedopliskaro, approximately 10 km
northwest of the Mirzaani Field, which has a storage capacity of approximately 27,000 barrels and
can discharge approximately 10,000 bpd. The Mirzaani Field is connected by a pipeline to Frontera’s
storage facility at Dedopliskaro with the capacity to transport up to 1,500 bpd. Oil from the Mirzaani
Field is processed at the field facility then pumped through the pipeline or transported by truck to
Dedopliskaro for storage. Oil produced at the Taribani Field and at the Mtsare Khevi Field can be
taken by truck to the facility at Dedopliskaro or to the Mirzaani Field, should processing be required.
Once a sufficient amount of crude oil, usually in the range of 10,000 to 20,000 barrels, has been
accumulated at Dedopliskaro and within field storage facilities, the Group arranges for the oil to be
transported by rail to Batumi, a port on the Black Sea, where it is loaded into crude oil tankers
destined for the international markets. Oil sales to date have been transacted F.O.B. at Batumi at an
average discount to Brent of US$4 per barrel. This discount is attributable to the relatively small
volumes and, to a limited extent, a quality differential to Brent. The Group receives payment for its
oil in US$ into its offshore account

http://www.strandhanson.co.uk/media/1111/frontera-resources-corporation-aim-admission27jul11.pdf page 19
bugsy-b
Posts: 3,097
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Opinion:No Opinion
Price:0.10
I was
Today 21:28
Always under the impression that Fronteras crude was transport from Dedoplitskaro to Batumi where it was sold to international buyers.. Mind you if that has changed, they probably wouldn't bother to inform us..
Fireflying
Posts: 1,097
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Price:0.10
RE: Bugsy
Today 21:26
Hmmmmmmm.

Ok so this doesn't look like ours.

Dedoplitskaro oil is heavy, so not ours....?

Our light would be treated at Mirzaani so unlikely to be trucked all the way down to Vasiani.

Unless..... is it maybe easier to get Taribani oil to treatment at Sartichala, Gardabani region - have GOGC treat it there and despatch from there?
Will check on map.
Ivyspivey
Posts: 5,395
Premium Chat Member
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Price:0.10
FCA
Today 21:23
Incoterms-FCA. "Free Carrier" means that the seller fulfils his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point.
garytrader
Posts: 418
Off Topic
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Price:0.10
RE: Why
Today 21:22
What's the score with this GOGC take of our oil though?

Do we give it to them, they sell it then we get a 100% rebate?

All of these oil should get fed back into the cost recovery pool at this point.

Interesting that we only have 11 years left till the production licence expires, would we expect this to be renegotiated at some point when the block is deemed commercial?
bugsy-b
Posts: 3,097
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RE: Bugsy
Today 21:22
Fire, From what I remember, Frontera have crude treatment plant in Mirzaani
Fireflying
Posts: 1,097
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Price:0.10
RE: Bugsy
Today 21:20
Sorry, other way round. Treatment at Sartichala - EXW option




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