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Frontera Res Share Chat (FRR)



Share Price: 0.925Bid: 0.92Ask: 0.93Change: 0.045 (+5.11%)Riser - Frontera Res
Spread: 0.01Spread as %: 1.09%Open: 0.89High: 0.925Low: 0.89Yesterday’s Close: 0.88


Share Discussion for Frontera Res (FRR)


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dirkdigler
Posts: 4
Off Topic
Opinion:No Opinion
Price:0.92
View Thread (2)
RE: fireflying/firegazer
Mon 23:00
Probably a reminder of what 'could' become of this company. Dougal stop being such a knob jockey....
 
dougal66
Posts: 7,295
Off Topic
Opinion:No Opinion
Price:0.92
View Thread (2)
fireflying/firegazer
Mon 22:54
we have all read FRR RNSs over the past 5 years. Correction, I have read each and every one over the past 7 years.

(and your point is??????????????)
Fireflying
Posts: 656
Off Topic
Opinion:No Opinion
Price:0.92
CEO skin in the game
Mon 22:25
Steve Nicandros (CEO) had 7 million shares at an average price of 60p – before the debt conversion in 2011. Shares in issue at that time was ca.72million.

After the bonds were converted to shares at 4p, SN's shareholding increased to 178M as he agreed to convert around US$12M in loan notes to new shares.
He also acquired more shares from DDJ Capital at 0.48p in early 2012. So all in all his average is at least ca.7-8p now (if not more).

I reckon he has invested north of US$15 million of his own money.
His investment is currently worth ca.US$2.5 million.

I believe he is looking for at least 20p per share, which would have made his investment and time, worthwhile and would be worth close to US$36M.

At 20p per share, we are looking at a market cap of GB£520M - which against the assets and cost recovery pool of US$250M is easily achievable.
Fireflying
Posts: 656
Off Topic
Opinion:No Opinion
Price:0.92
RNS: 15th Sept 2014
Mon 22:25
http://www.investegate.co.uk/frontera-resources--frr-/rns/operations-update/201409150742296500R/

“…and during the month of August, new engineering design work commenced to increase capacity of the existing system.”

The new engineering to increase capacity will be off the shelf product, so this wont take long to complete…
Fireflying
Posts: 656
Off Topic
Opinion:No Opinion
Price:0.92
RNS: 30th Sept 2014
Mon 22:24
Notes to Condensed Consolidated Financial Statements June 30, 2014

2. Liquidity and Capital Resources

http://www.investegate.co.uk/frontera-resources--frr-/rns/first-half-2014-financial-results/201409300828189726S/

“Commencement of production from its Mtsarekhavi gas field in second quarter of 2014, together with periodic access to the SEDA facility (see discussion in Notes 1 and4) should provide positive cash flows for the foreseeable future.”
Fireflying
Posts: 656
Off Topic
Opinion:No Opinion
Price:0.92
RNS: 15th Sept 2014
Mon 22:23
700mmcfd from Well32a; how much from Well34….? ...results due any time…

http://www.investegate.co.uk/frontera-resources--frr-/rns/operations-update/201409150742296500R/

“Mobilization to the next planned location is underway and drilling of well #34 is expected to commence before the end of September. The well will take approximately fifteen days to reach total depth. “
Fireflying
Posts: 656
Off Topic
Opinion:No Opinion
Price:0.92
RNS: 9th July 2014
Mon 22:23
11 tcf!!! An incredible amount of gas with 80% recoverable.

http://www.investegate.co.uk/frontera-resources--frr-/rns/operations-update/201409150742296500R/

“Recently concluded internal studies have now increased gas in place estimates from as much as approximately 1.2 tcf to as much as approximately 11 tcf, with as much as approximately 9 tcf of recoverable gas possible from reservoir targets found between 300 metres and 5,000 metres in depth.”

9 tcf recoverable is worth ca.30 billion US dollars.
dougal66
Posts: 7,295
Off Topic
Opinion:No Opinion
Price:0.92
selling?????
Mon 22:16
why on earth are they selling (lol)
Troajan
Posts: 3,532
Off Topic
Opinion:No Opinion
Price:0.92
surf
Mon 21:39
I noticed them picking on you last week,very upsetting.lol.
Punkfeelinglucky
Posts: 4,236
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.92
surf
Mon 21:32
the maybe a seller in the background but they are selling in the 90s if they wanted the seventies they could have dumped a load and dropped it. That said the mms may drop (though my opinion is they won't) this week though if they do I would expect it to be brief. I would expect to see another rise to the 1.1 level soon and maybe a settleing back again. this sort of trading does very much feel like news next week. There appears to be a lot of appetite at .9 -.97 for the share. All of this is pure conjecture, but look at the tape - that is what the trading says to me



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