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Frontera Res Share Chat (FRR)



Share Price: 0.74Bid: 0.72Ask: 0.76Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.04Spread as %: 5.56%Open: 0.74High: 0.74Low: 0.74Yesterday’s Close: 0.74



Share Discussion for Frontera Res (FRR)


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theprodigy
Posts: 1,818
Answer
Opinion:Strong Buy
Price:0.89
leo 38
9 Jul '14
who knows mate. I would have expected, given the last few rns that we would having assured the market that we can deliver and are now 99.9% de risked, have an increased revenue with a forward view which is being met, be around 4p just now.

Im quite happy to take daily 5 - 8% increases in SP- far better that than 150% hike then large retrace to fill gaps. The market likes to fill its gaps.
Where do i think we will be and where we will actually be are 2 very differing numbers. $36 million dollar farm out with revenues in excess of $18 million dollars wit a market cap of circa $30 mill.

Doesn't seem right to me.

What do you think?
 
LEO38
Posts: 196
Off Topic
Opinion:No Opinion
Price:0.89
theprodigy
9 Jul '14
Where do you think sp will be with phase 1 farmout.
theprodigy
Posts: 1,818
Research
Opinion:Strong Buy
Price:0.89
varang
9 Jul '14
In the 27th of June RNS it states that "plans are underway to commence phase 1 of the varang farm out agreement. That should be contained in a juicy RNS very soon. Extract below.

Houston, Texas, U.S.A. - 27 June 2014

FRONTERA ANNOUNCES 2013 ANNUAL RESULTS AND OPERATIONS UPDATE

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company ("Frontera" or the "Company"), today releases its audited final results for the year ended 31 December 2013 and provides an operations update. The report is made available on the Company's website at www.fronteraresources.com.

Highlights

- Revenues from crude oil sales for 2013 totaled $6.1 million.

- Net loss of $11.2 million, or $0.005 per share on a fully diluted basis.

- Gas production operations ongoing at the Mtsare Khevi Gas Complex.

- Frac and workover/stimulation campaign underway at Taribani Field.

- Plans underway to commence Phase I of the Varang Exploration farmout agreement.
dougal66
Posts: 6,927
Off Topic
Opinion:No Opinion
Price:0.89
Well Count (incl #32 original)
9 Jul '14
Since 8 October 2008 when a major gas cap confirmed)

MK#13, MK#14, MK#22 and MK#23, MK#27, # 31, #32 (October 26, 2011); # 31, #32; #36; #35
V-#18

April 13, 2010: 18 wells completed. (9 gas wells)

September 12, 2011: # 31 (10th Gas Well)

October 26, 2011:- #32 (11th Gas Well)

31 January, 2012 : #41, #35 and #33, #36

21 May, 2012: V#18, #35 (gas wells)

40 Soviet era wells located and analyzed throughout the expanded area, many of which encountered gas.
theprodigy
Posts: 1,818
Observation
Opinion:Strong Buy
Price:0.89
reminder
9 Jul '14
an extract from the 27th june RNS -The Taribani Field Complex is an area that encompasses approximately 1,400 square kilometres and includes the discovered yet undeveloped Taribani, Kila Kupra, Bayda and Iori fields within Block 12. Internal preliminary analysis suggests that there could be as much as 18 billion barrels of oil in place throughout this complex. Ongoing work throughout the remainder of this year will continue to study and assess the viability of this analysis and larger scale development potential. Independent assessment of the Company's conclusions are expected to now take place in 2015 in conjunction with new drilling operations.

well worth reading that RNs in full if your new here or if you need reminding that this is the very, very, tip of a potentially rather large iceberg.

Lots more news to come in the near term. Lets start with government ratification of the Varang farm out.
West11
Posts: 2,559
Observation
Opinion:Strong Buy
Price:0.89
Observation
9 Jul '14
VWAP at 0.90.....retarded to sell at 0.85.....

never seizes to amaze me how human DNA pre disposes almost all of us to never being wealthy....hence the 1% and the 0.01%..... ;)
West11
Posts: 2,559
Observation
Opinion:Strong Buy
Price:0.89
MM's
9 Jul '14
MM's having a ball here.....

if there are enough clowns around, the MM's will always oblige with a great circus show!
drif
Posts: 2,480
Off Topic
Opinion:No Opinion
Price:0.89
Lovely RNS
9 Jul '14
Bad reaction, up a small amount only. Better reaction than the recent ramping to a funding RNS, there is something to cheer about this time, a small increase in SP and a better cleaner RNS.
West11
Posts: 2,559
Observation
Opinion:Strong Buy
Price:0.89
mm's
9 Jul '14
mm's have the PI )not to be confused with POO) scooper out again....
VWBeetle
Posts: 2,479
Observation
Opinion:No Opinion
Price:0.89
Afternoon all :-)
9 Jul '14
Just a short note from me as I'm back in blighty and working :( Today's RNS - wow what a breath of fresh air and if you look over on the iii bb ChampionWonderhorse 11:32 post covers the "reason for today's RNS" perfectly :-)
Hope to catch you all later.
ATVB. VW



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