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Frontera Res Share Chat (FRR)



Share Price: 0.095Bid: 0.09Ask: 0.10Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.01Spread as %: 11.11%Open: 0.12High: 0.12Low: 0.0925Yesterday’s Close: 0.095


Share Discussion for Frontera Res


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Retireby40
Posts: 1,558
Off Topic
Opinion:No Opinion
Price:0.095
From damp seaweed
Mon 10:32
The initial price reaction does seem rather curious.
On the one hand FRR will be avoiding ~$3m /yr interest payments. which must handy!
But whilst it may seem a bit futile to waste money, suing FRR. I guess the CLN holdetrs could seek the equivalent of a CCJ. This may give them a chance of recovery of debt if FFR flourishes. But also make the chance of FRR raising more money absolutely zero, if it wasn't already.
Apart from a few tracker type funds. I assume that the only investors left small pi's, the mngt and the 'strategic suppliers'. I think FOF were claiming that their members had >30%.
In any event it is difficult to see any new investors wanting to enter the fray until we have some real news and not just the periodic SN platitudes.
 
11Trader11
Posts: 205
Off Topic
Opinion:No Opinion
Price:0.095
bought 1.3m at 955
Mon 10:29
Any other buyers?
NMH19
Posts: 5,026
Off Topic
Opinion:No Opinion
Price:0.095
News
Mon 10:27
It seems to be a different story when bond holders have security and take over the company at the expense of the shareholders as at GKP.....FRR need to start pumping oil and gas, once the cash starts to roll in the landscape will change , IMHO of course. Holding my shares but not buying more right now. Gla
Retireby40
Posts: 1,558
Off Topic
Opinion:No Opinion
Price:0.095
If and a big IF
Mon 10:26
SN hits production targets and revenues are on the up this can change very quickly.

Of note, the Company is pleased with the results of well stimulation operations at the Niko #1 and Dino #2 wells at the South Kakheti Gas Complex as early results have produced flow rates consistent with designed expectations and, most importantly, continue to validate the technical basis for the Company's ongoing work programs. The Company expects that this year's work, as well as the previously announced workover, stimulation, drilling and infrastructure expansion programs for 2017, should be completed as planned. Further updates will be made as the programs advance.

Further procurement of additional oil field equipment to expand the Company's current fleet in order to undertake larger well-stimulation completions in the planned work programs is in progress.

The Company expects that this program will lead to an increased production of oil and gas and, as such, will result in increased revenue from exploration related pilot production programs for oil and gas.

Steve C. Nicandros, Chairman and Chief Executive Officer commented:

"As we continue to progress our work in Georgia, as well as our other Greater Black Sea initiatives, we are very encouraged by ongoing results from our operations and, because of this, we remain focused to implement the work programs which were supported by shareholders at the recent General Meeting on June 28th. I look forward to sharing updates as all of our work continues to advance in the weeks and months ahead."
1yrless
Posts: 127
Off Topic
Opinion:No Opinion
Price:0.095
Given where we are..
Mon 10:25
I think that we are so deep in s��� that strategically we can only try to generate meaningful revenue and prove up in doing so then farm out or sell. We were never going to be able to take this forward ourselves. Given the previous track record this is a long shot but the only one I can see.

Gla
Tsbs
Posts: 2,552
Off Topic
Opinion:No Opinion
Price:0.095
RE: Sorry...
Mon 10:25
fair enough bomber, I said last week i was viewing the next rns with apprehension but wasnt expecting the clns to be swapped away like a fly.

Remember the phrase dont believe anything other than what the company tells us, well im convinced now that anything sn pens or utters isnt worth the paper or the breath.

Buying now would possibly be a shrewd investment short term as think this will at some point rebound but long term who knows because sn has now proclaimed to absolutely everyone he can't be trusted
1yrless
Posts: 127
Off Topic
Opinion:No Opinion
Price:0.0925
News
Mon 10:20
Bomber64
Posts: 784
Off Topic
Opinion:No Opinion
Price:0.0925
RE: Sorry...
Mon 10:12
We do know that the service providers will be getting their shares at a price higher than current..

Chill...
NMH19
Posts: 5,026
Off Topic
Opinion:No Opinion
Price:0.0925
Looks like I
Mon 10:12
Spoke too soon. At least I have a few in CBUY to cheer me up..... However, no where near my investment here. Gla
pivotalgubbins
Posts: 535
Off Topic
Opinion:No Opinion
Price:0.0925
Sorry...
Mon 10:08
...but this is not looking pretty at present. Can't help but think the market feel something else coming.

Could desperately do with some positive operations update else this might spiral. Make no mistake, SN has played one hell of a wildcard today and we have no idea on the consequences.




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