"Following the update released on 20 January 2014, Frontera has completed commissioning of the gas gathering and transportation infrastructure at the Mtsare Khevi Field, situated within the greater Mtsare Khevi Gas Complex. Production has now commenced into the new system and associated 14 kilometer transportation system which will accommodate production from existing wells throughout the field at a planned rate of approximately two million cubic feet per day of gas (57,000 cubic metres per day)."
Does this mean FRR are storing the gas they 'produce' or does it mean they are selling all the gas they produce to customers? If the former, what is the difference between storing it where it already is and storing it above ground? If the latter why does FRR not mention who the customers are and what prices they are paying. Thanks in advance.
Also does anyone know why they have not published any oil production figures since Q3 2013?
Is nobody concerned about the relative valuations of the debt and the shares owned by the Related Parties such as the directors, and about the ability of the business model to deliver cash to plug the annual $12m financing requirement just to stand still (i.e. without doing any development work)?
Helen Chan stated that the reports of the 31st july AGM were untrue and we would be informed when a date and venue were confirmed. I had that re affirmed again in a reply to an email i sent this morning. No AGM date or venue yet decided!.
Firegazer - there is a few missing - i know the good weather has kept me away- that and the fact nowt is happening at the minute.
But hey had their AGM on June 6 last year and it has to be yearly (hence the name;)). Taken from the June 6 2013 RNS - Company’s Annual General Meeting (“AGM”) which is being held today at 10:00 AM Central Daylight Time at 3050 Post Oak Boulevard, 2nd Floor Conference Room, Houston, Texas 77056.
Morningstar has this on their website - Key Date Status Date Next AGM Confirmed 31/07/2014 Next interim announcement Approximate 30/09/2014 Next year end (to be reported) 31/12/2014 Next annual report due Approximate 29/06/2015 Next prelim announcement Approximate 29/06/2015
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