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Frontera Res Share Chat (FRR)



Share Price: 0.88Bid: 0.86Ask: 0.90Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.04Spread as %: 4.65%Open: 0.935High: 0.935Low: 0.87Yesterday’s Close: 0.88


Share Discussion for Frontera Res (FRR)


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wonderer
Posts: 1,352
Off Topic
Opinion:No Opinion
Price:1.08
mayfair
9 Oct '14
I might be wrong but I believe they have an option to extend the exploration phase by another 5 years and Dougal with exploration comes production just as night follows day.

P.S: what is your ideal entry point?
 
dougal66
Posts: 7,295
Off Topic
Opinion:No Opinion
Price:1.08
"exploration phase "
9 Oct '14
to be completed by 13 Nov 2017.

Hope that doesn't mean more drilling and defining before they start to generate some decent O&G revenue. They have been at B12 for well over 7 years now
pyrotech
Posts: 1,880
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
RE: Pyroech
9 Oct '14
They state the money is to achieve what was said in previous RNS's
Frac and workover/stimulation campaign underway at the Taribani Field.

- Plans underway to commence Phase I of the Varang Exploration farmout agreement at the Taribani Field.

Plus to increase gas sales
Arsenal221
Posts: 29,776
Off Topic
Opinion:No Opinion
Price:1.08
Overall
9 Oct '14
the closing sp was not to bad. Now though we wait & see what happens tomorrow.
mayfair21
Posts: 190
Off Topic
Opinion:No Opinion
Price:1.08
View Thread (2)
Pyroech
9 Oct '14
My take on why the need the funding now is may be to do with the exploration phase expiring on 13 November 2017. Plenty of wise owls out there to correct me if I am wrong. But sav for any areas within Block 12 that FRR has committed to develop and produce pursuant to the Block 12 PSA (“Development Areas”), Frontera must relinquish its rights to Block 12 at the end of this exploration. Frontera has agreed to procure the financing required to conduct the exploration and development operations and is entitled to recover its costs and expenses incurred in doing so from the oil produced from Block 12 (“Cost Recovery Crude Oil”) prior to any share of the oil being given to GOGC.
wonderer
Posts: 1,352
Off Topic
Opinion:No Opinion
Price:1.08
Positives
9 Oct '14
Production UP
Revenue Up
Farm Out agreed-Verang
Farm out imminent- Basin Edge Play
Free carry on 7 wells costing $36million
Gas CPR Due
Oil CPR Due
FRAC results Due
#Well 34 being drilled

Negatives

$34million Debt due August 2016.

I wonder what bopd will be by year end 2015.

My guess is minimum 2500bopd which gives us 10p

Whooooo
wonderer
Posts: 1,352
Off Topic
Opinion:No Opinion
Price:1.08
Sp
9 Oct '14
More of the same please!!

Seems to me they need the money to accelerate production. Dougal you was right in one sense, we defo have the money to pay for a CPR now hahhah

A quick shake to 0.8 would be most welcome!!

My 9k can't come quick enough ;)
pyrotech
Posts: 1,880
Observation
Opinion:No Opinion
Price:1.08
Not worried
9 Oct '14
I would be more worried if we were running out of money.
We are able to now use the 2m

What i do not understand, is with the revenue coming in, why did we need this money so quickly?
Why not wait and build with revenue?

Could it be
1. to stop a hostile takeover?
2. Georgia govt want infrastructure completed quicker to minimise gas supplies from external countries?
3. To maximise completion of infrastructure so FRR can maximise on income over the cold winter months.
4. to get CPR completed quickly ( maybe someone else wants to know the results)

all these are very positive reasons, i can not see the company needing this after last RNS unless something like this.

Has anyone got any negative reasons to balance this out.

One thing really annoying me, is that it appears some are in the know before us, We have seen the SP slide over the last two weeks, We could have had a multi bag RNS at any time yet they seemed to know it was not due yet and this was.
Thats not to say we will not get one this week, and catch a few out.

Would it be normal now for company to stay quiet until after that placing date or is it just as likely that massive news will come before?
It does seem the big boys know when to play this and shake some out before the sp rockets, which it should as we are now at least close to break-even and have hugely increased likely resources. The SP at similar price too 12 months ago is a joke when you look at whats been added and achieved
BUT BY GOD ITS A BARGAIN NOW FOR ANYONE WITH ADDITIONAL FUNDS OR LOOKING TO JOIN IN
SimonT
Posts: 869
Off Topic
Opinion:No Opinion
Price:1.08
6% issue
9 Oct '14
"today announced that it has, subject to certain conditions, successfully completed an equity fund raising initiative"

Does this meen someone has taken all the shares, is that what they are trying to say?

if so after the 29th we may get an holdings rns?
theprodigy
Posts: 2,027
Observation
Opinion:Strong Buy
Price:1.09
john21
9 Oct '14
just like the slug in monsters inc- "watching, ALWAYS watching". :-))

nice gift for our UK broker pals earlier, wonder if the reason their so skint is the money set aside in the VARANG outfit. I really need to stop all this putting 2 and 2 together. Sometimes it only makes 3!! Sometimes though it does come to 4.

ATB



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