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Frontera Res Share Chat (FRR)



Share Price: 0.79Bid: 0.78Ask: 0.80Change: -0.025 (-3.07%)Faller - Frontera Res
Spread: 0.02Spread as %: 2.56%Open: 0.825High: 0.835Low: 0.79Yesterday’s Close: 0.815


Share Discussion for Frontera Res (FRR)


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bugsy-b
Posts: 1,755
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Price:0.80
Punk
18 Jan '15
I know a few people capable of going taaadaaaaa.. especially in the local pub :-).. Frontera do have a lot of Georgian staff, They may have someone attending whose name we don't recognise..
 
Punkfeelinglucky
Posts: 5,878
Premium Chat Member
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Price:0.80
herewood
18 Jan '15
Agreed. Talk of 20p by summer etc is over optimistic and potentially misleading (that said it is possible but hugely unlikely)
Punkfeelinglucky
Posts: 5,878
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maybe
18 Jan '15
Bugsy can find out if Frontera have booked anyone who specialises in going "ta-daaaaaaaaaaaaaa". Then we will know they are planning a surprise? What ya think? Oh and bugsy I know it's you operating that camera. I am waving. See?
hereward
Posts: 95
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Price:0.80
View Thread (2)
LordLash
18 Jan '15
Hi LordLash, sorry about the delay in replying, my scrolling must have been faster than my scan reading.

Firstly, it’s not as simple as a producing well automatically adds to reserves.

'Reserves are those quantities of petroleum anticipated to be commercially recoverable by application of development projects from known accumulations from a given date forward under defined conditions.
Reserves must further satisfy four criteria: they must be discovered, recoverable, commercial and remaining (as of the valuation date) based on the development project(s) applied.'

The amount of estimated reserves on the CPR will be up to how the experts on the NSA assessment team relate recoverable and commercial to the development project(s) applied.

'Contingent resources are those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from known accumulations, but for which the applied project(s) are not yet considered mature enough for commercial development because of one or more contingencies. Contingent resources may include, for example, projects for which there are no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality. Contingent resources are further categorized in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterized by their economic status.'

There may well be a significant amount classed as contingent resources, the contingency being processing facilities.

Yes, FRR will have records of flow rates of all their wells and could demonstrate by flowing gas from these wells, but it is the processing that makes the gas commercial.

I can’t/won’t make predictions except that when the CPR's are released, I believe anyone who have been posting values based on 20tcf OGIP (all recoverable) will hit the ground with a thump..................preferably feet first.
Arsenal221
Posts: 30,194
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DrsHobby
18 Jan '15
I think that Frr attended 2013, but not last year. On this year we probably will not find out, until nearer the time.
Punkfeelinglucky
Posts: 5,878
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drs
18 Jan '15
You'd think so but there is a lot in the terms of hows and whys of visabiliy we don't understand. In time it will come.
DrsHobby
Posts: 330
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GIOGIE 2015
18 Jan '15
....why aren't FRR attending? Surely this is important and relevant to them?!
souzzy
Posts: 82
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RE: re: Gas price plans
18 Jan '15
dougal66, thank for that and oops, good luck dougal66
souzzy
Posts: 82
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RE: Souzzy
18 Jan '15
Thank you DevonianExile, it is interesting how directors etc are incestuous (linked) within the different industries.
A very strong team behind FRR with experience and success,

Good luck DE & GLA
bugsy-b
Posts: 1,755
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dog
18 Jan '15
Have you got predictive text on, It says Nikon cubic feet :-)





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