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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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VWBeetle
Posts: 2,645
Observation
Opinion:No Opinion
Price:1.08
theprodigy
9 Oct '14
Have a cracking holiday with your family over in Florida good bud :) Although getting a bit long in the tooth(ish) I am still very young at heart and would jet off to Disney at the drop of a hat! Maybes that could be the location for our 5p Club celebration :)))
Have a great time and live the magic that it is - we will look after the SP as best we can whilst you are away even given the odd nuggets best attempts to try to derail it ;)
Safe journeys. ATVB. VW
 
muso888
Posts: 87
Off Topic
Opinion:No Opinion
Price:1.08
wonderer
9 Oct '14
Totally agree with you mate... On a slight drop they ask or make negative remarks ...but you can always tell when they have bought in ...Their posts are sooo positive.
Just go back and read their previous posts! .. Atb
VWBeetle
Posts: 2,645
Observation
Opinion:No Opinion
Price:1.08
Wonderer
9 Oct '14
Look bud why don't you stop beating about the bush and tell him straight.......the fella is a tool, always has been and always will be ;) Stick that up yur "related facilities & infrastructure" oh and now it's moved on to "O&G revenue and exploration phase"!! Heaven sake give it a rest either buy in or move on Dougal :)
VW ;)
dougal66
Posts: 7,295
Off Topic
Opinion:No Opinion
Price:1.08
wonderer
9 Oct '14
FRR needs to start earning a decent amount of O&G revenue rather than calling on shareholders for cash
wonderer
Posts: 1,352
Off Topic
Opinion:No Opinion
Price:1.08
Dougal
9 Oct '14
Would prefer that you bought in then made whatever comments you like rather than making remarks without providing any reasonable point
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.



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