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SOU CEO responds to investor questions on its projects in Morocco and Italy. Watch here

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SOU CEO responds to investor questions on its projects in Morocco and Italy


Frontera Res Share Chat (FRR)



Share Price: 0.0875Bid: 0.085Ask: 0.09Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.005Spread as %: 5.88%Open: 0.0875High: 0.0875Low: 0.0875Yesterday’s Close: 0.0875


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Ivyspivey
Posts: 5,971
Off Topic
Opinion:No Opinion
Price:0.0875
ADB and SD
Wed 17:54
The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, said the message of the bank posted on its website Dec. 7.

The assistance comprises a $500 million private sector loan to the Southern Gas Corridor closed joint stock company (SGC) and a $500 million sovereign-counterguaranteed partial credit guarantee, according to the message.

The guarantee will back $526 million in commercial loans made by a consortium of international banks to SGC, which is 51 percent owned by the Azerbaijani government and 49 percent by the country’s state oil company SOCAR, the message said.

The message further said that the ADB assistance will provide additional revenues that the government can direct to social spending and to continued efforts to diversify the economy.

“ADB, through its private sector window, has already demonstrated strong support to the Shah Deniz gas field expansion through its direct assistance to this project in 2015,” said Michael Barrow, Director General of ADB’s Private Sector Operations Department.

“The expansion of the Shah Deniz gas field is key for Azerbaijan’s economy, providing the country a long-term revenue stream and diversifying its gas exports to Europe,” said Sean O’Sullivan, ADB Director General for Central and West Asia Department. “ADB’s support will help generate economic opportunities for the private sector, create thousands of jobs, and help boost Azerbaijan’s ties with neighboring countries and Europe.”

Shah Deniz II project envisages drilling 26 subsea wells, construction of two platforms, underwater pipelines for gas and condensate, expansion of the oil and gas terminal in Sangachal township, construction of two gas compressor stations and connection of this infrastructure to the South Caucasus gas pipeline.

As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.

ADB, based in Manila, was established in 1966 and is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
 
gaf11
Posts: 2,364
Off Topic
Opinion:No Opinion
Price:0.0875
Profit
Wed 17:53
One day it's a patience game been in here years now. It has to one day go up. I have this at .20 very bad performance company. And looks like heading into next year. Oh well hope is the word.
Moleinahole
Posts: 2,166
Off Topic
Opinion:No Opinion
Price:0.0875
RE: 7m
Wed 17:53
Mick - there are certain advantages in holding FRR shares outside the ISA in that the accumulated tax loss can be carried forward for if you ever make a profit on another AIM share..............a wipe out inside an an ISA or SIPP wrapper is a total loss!
Puddy
Posts: 5,479
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.0875
RE: Puddy
Wed 17:52
I done that on purpose cogs to draw you out works every time lol
Mickthegambler
Posts: 659
Off Topic
Opinion:No Opinion
Price:0.0875
RE: Mick
Wed 17:32
Thanks Zeps thought it was
I'm down 80% always waiting with this share
Mickthegambler
Posts: 659
Off Topic
Opinion:No Opinion
Price:0.0875
GPX
Wed 17:29
Has risen 141% today on no news and has a mcap of £65 mil with £0 revenue bizzare
zeps
Posts: 8,258
Off Topic
Opinion:No Opinion
Price:0.0875
Mick
Wed 17:29
ALL profit in a ISA is tax free. Now that would be novel to get a profit out of here. I am about 90% down. Lol.
Mickthegambler
Posts: 659
Off Topic
Opinion:No Opinion
Price:0.0875
RE: 7m
Wed 17:26
Does anyone know is all the profit in an ISA account is it all tax free? Not that I have got any owning frr shares
Tsbs
Posts: 3,605
Off Topic
Opinion:No Opinion
Price:0.0875
RE: Well
Wed 16:40
who said we are getting news tomorrow..not IG was it :-)
Retireby40
Posts: 2,132
Off Topic
Opinion:No Opinion
Price:0.0875
7m
Wed 16:27
Bed and ISA (2 cancelled 7m trades which was the ISA balls up) and a 5m sell. Lovely to get 7m in an ISA at that price.




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