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Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Frontera Res Share Chat (FRR)



Share Price: 0.075Bid: 0.07Ask: 0.08Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.01Spread as %: 14.29%Open: 0.07High: 0.075Low: 0.055Yesterday’s Close: 0.075


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LordLash
Posts: 1,263
Off Topic
Opinion:No Opinion
Price:0.075
RE: Equiptment Transit Time
Today 00:47
I wonder if it's a coincidence that it will arrive around the time that the AGM should be... I wonder if we'll receive a more informative update sometime around the time we are "sent" notice of the AGM/when we are able to vote for any resolutions that might be needed. I wonder if in the meantime we'll hear diddly squat?
 
LordLash
Posts: 1,263
Off Topic
Opinion:No Opinion
Price:0.075
RE: Additional pumping equipment
Today 00:37
Or these from weatherford. It fits Frontera's needs, they've worked with us before, they have an office in Houston... and I'm completely guessing.

http://www.weatherford.com/en/products-services/production/artificial-lift-systems/jet-pump-lifting-systems
Sycric
Posts: 195
Off Topic
Opinion:No Opinion
Price:0.075
Equiptment Transit Time
Today 00:28
For those thinking the same as me, Really that long to send it over?

http://bit.ly/2jEAB0c
NMH19
Posts: 6,156
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Opinion:No Opinion
Price:0.075
Announcement
Today 00:23
SN talks about equipment expected to arrive in March but the crafty fox does not which year.....
And for the record my bottom went no where near Fenwicks tonight....GLA
Nolosstillsell
Posts: 2,323
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Opinion:No Opinion
Price:0.075
RE: End of day thoughts
Thu 23:29
Mole

Didn't SN make a slip in the telephone broadcast and say RPN's were 40M. Maybe he was expecting to dip into his own pocket again.
Fireflying
Posts: 1,209
Off Topic
Opinion:No Opinion
Price:0.075
Additional pumping equipment
Thu 23:28
Or....

The "reduce risk" comment re additional pumps is interesting. Might be mud pumps to reduce kick/blowout risk:

Fig. 1 depicts the one-circulation method. At Point 1, the shut-in drillpipe pressure is used to calculate the kill-weight mud. The mud weight is increased to kill density in the suction pit. As the kill mud is pumped down the drillpipe, the static drillpipe pressure is controlled to decrease linearly until at Point 2, the drillpipe pressure is zero. The heavy mud has killed the drillpipe pressure. Point 3 shows that the initial pumping pressure on the drillpipe is the total of psidp plus the kill-rate pressure. While pumping kill mud down the pipe, the circulating pressure decreases until, at Point 4, only the pumping pressure remains. From the time kill mud is at the bit until it reaches the flow line, the choke is used to control the drillpipe pressure at the final circulating pressure. The driller ensures the pump remains at the kill speed... etc

http://petrowiki.org/Well_control
Moleinahole
Posts: 2,257
Off Topic
Opinion:No Opinion
Price:0.075
RE: End of day thoughts
Thu 23:13
Nothing changed today for me and it remains a very risky hold. I think we saw today I'm not alone. Whilst a few are trading averaging down in the process the vast majority of stock appears to be settled (a third is with service providers) I'd say probably another third with long investors like myself and probably a good chunk of the remaining third the board know who they are. Hence talk of removing/voting SN out went when we agreed to change the articles and subsequent headroom increases. Since then we have been passengers.

There remains very considerable risk in the company running out of money and being restructured on poor terms for equity. SN has still made no attempt to rebuild his equity position but has massively increased his debt interest and we know the bondholders now have secured debt. The increase in revenue was key to changing the dynamic - and that has been pushed back another quarter. Everything is now converging on that key period around April yet they have not felt the necessity to get a headroom increase now.
Coggy
Posts: 11,043
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Opinion:No Opinion
Price:0.075
Puddy
Thu 23:09
If this ever DOES come good, 50 bags of sand will be our minimum bet. The 50p days will be well and truly behind us.......lol
Fireflying
Posts: 1,209
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Opinion:No Opinion
Price:0.075
RE: End of day thoughts
Thu 23:03
What if you read it in the mirror at midnight?

My take is once again, he xant get the wells to flow despite throwing hundreds of millions at it. Bigger pumps to frackvthe fcuk out of it is what hes doing.

Top marks for persistence tho.

In 2005nsa, Eldari is upper sarmatian which may be below zone 9 whuch is interesting.
Coggy
Posts: 11,043
Off Topic
Opinion:No Opinion
Price:0.075
Puds
Thu 23:02
Don't worry. I'm a typical Northerner. All talk and no action.........lol

Touché




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