Morning to you fellas and good to see you are on fine form :-) Nice to see Dougal pop up this morning but wonder where other good friends are at these exciting times; nsdols, Mr.C, Wings, Drif.....many apologies for others I have missed but tis early on a Saturday morning ;-) ATVB. VW
Overall, as we have said many times & that is after Frr funding all of the exploration that they have i.e.$200/250M, the ii's also staying in this length of time + announcing that they believe there just might be 18B of oil. Even just 10/15% recoverable would be something great then last of all the gas then at some point in the coming mths they must be going to get things going properly & I mean much more than just what they have announced.
Yes agreed their history on information and progress is rubbish. But maybe there wasn't a lot of progress to be published. I still reckon their tactics and agendas. Was to almost finish but not quite finish a project. So they could get round not informing the market. Then when they are ready to farm out or sell part of b12. They. Can go Shakalaka you know the rest lol. keeping in Coggys good books. Lol
I hope your right with your sp predictions. That would do me nicely. The rest of my few shares in frr are going in a isa for the future. With a first top slice at about 3.00p. Then your second of 10p would. Do me for the future. Atb zeps
My 2 for the. National are Balthazar King and are not to be missed Shakalakaboomboom. This is for fun more than money or form. Gla today in the national. I hope in the next couple of weeks will be looking at the 3rd and forth syllables of the second horse. Lol. Happy days zeps
I did say just after the rns came out that generally the main thing is, not what the sp does today, but over the coming mths & now they have at last got the gas production going. We should be nailed on for level of sp to make its way properly towards 5p, in the not to distant future & then 10p would be a special looking target that should be reached & maybe by yr end/early 2015.
I notice they have now added GREATER, to the name now, no wonder. This is a massive gas cap. Floating on millions of gallons of oil. Maybe a billion. I don't know. What I do know is it HUGE !!!! This is ONLY one of the projects or fields. When we get the Fraccing rigs and equipment in. The other fields will come into play in a bigger way. Don't forget fraccing has made USA a massive oil producer of late. Technology and knowledge have increased and come. A long way in the states. All this coming to georgia. With the terrain in Georgia it's been very difficult to get the oil out. The land didn't want to give the oil. Up. But Fraccing will make motherland cough it all up. Ressistantly. The future for Georgia and frr is looking exceptional. Now we are oil AND gas producers. It does show it's all possible to extract both. With new techniques and advancement in fraccing. All is possible. The problem with frr is the sludge. Which has been clogging things up. Like nico1. A bad cement job and failed packer didn't help that. 1000bopd .you would have thought that would be first on the list. But lack of money has been a big problem. Also new resolution to remedy the problem wasn't easy found. It was cheaper to prove up other areas. Which they have a time scale on excavation and proving up. Frr will now advance forward with finance coming available. All the gas will now come p1 reserves. Which will make borrowing at more affordable rate. Instead of placement and devaluing the sp. No company lends money to help. They lend money to make money. The poor shareholder has been battered in frr in. The last couple of years. Now the tide has turned, Time to sit back relax and enjoy the bright future of frontera resources. The sp will now slowly look after itself. So put what you can in a isa and relax. ENJOY your prosperous future in are beloved frontera. Atvb zeps
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