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Frontera Res Share Chat (FRR)



Share Price: 0.765Bid: 0.73Ask: 0.80Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.07Spread as %: 9.59%Open: 0.77High: 0.77Low: 0.74Yesterday’s Close: 0.765



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Suzz
Posts: 5,857
Off Topic
Opinion:No Opinion
Price:0.70
Bigolbull
14 Jul '15
No. FRR oil goes into a pipeline that runs south of Tiblisi. http://www.fronteraresources.com/operations/crude-oil-transportation-and-marketing/

The Georgian government are maintaining their cool.
http://www.civil.ge/eng/article.php?id=28429
 
Bigolbull
Posts: 8
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
Baku-Supsa Pipeline
14 Jul '15
Does anyone know if the recently reported 1.5 km Russian extension of the South Ossetia administrative border to enclose and part of the Baku-Supsa pipeline could have any bearing upon Frontera's delivery network? Georgia has called it a new affront to Georgian territorial integrity. I think the line is administered by BP?
pivotalgubbins
Posts: 88
Observation
Opinion:Hold
Price:0.70
View Thread (2)
RE: RE: ?
14 Jul '15
I think so OML as there simply isn't enough headroom for full conversion to happen. Also, I think Puddy may be correct in why the SP is being suppressed.

Personally, I wouldn't expect them to convert at 0.75 either as surely they will wish to leave some additional headroom for further placings/fundings. There will undoubtedly be future cash calls regardless of increases in revenue/profits.

Unless, of course, there is a big farm-out or sale shortly after conversion which cannot be discounted. I doubt anyone will be complaining if this happens. 7p a share and I'm a happy man...
registered_user
Posts: 8
Question
Opinion:No Opinion
Price:0.70
View Thread (2)
LordLash
14 Jul '15
Apologies for sounding dense but what is the significance of the 'headroom' shares..? Enough headroom for what?

Many thanks.
Dave73
Posts: 282
Off Topic
Opinion:No Opinion
Price:0.70
Conversion
14 Jul '15
I am guessing this will take place just before the big news breaks , which as mentioned earlier, they are not ready yet to release details until deals are closed or close to closing. Once converted share price goes up excess shares will be sold , and he will take some profits.IMOO
OMLOYALIST
Posts: 2,711
Off Topic
Opinion:No Opinion
Price:0.70
View Thread (2)
RE: RE: ?
14 Jul '15
0.75p? Is that a fact?
OMLOYALIST
Posts: 2,711
Off Topic
Opinion:No Opinion
Price:0.69
View Thread (4)
RE: ?
14 Jul '15
directors see this share as a risk compared to 15% interest, am I correct?
Puddy
Posts: 1,975
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.70
Pivotgubbins
14 Jul '15
If it has to be min 75 that might explain lol these 1 mill and 500 000 sells to keep it down cos they are not ready yet
LordLash
Posts: 577
Off Topic
Opinion:No Opinion
Price:0.68
Pivotal
14 Jul '15
About that, for there to be enough headroom shares.
pivotalgubbins
Posts: 88
Observation
Opinion:Hold
Price:0.68
View Thread (2)
RE: ?
14 Jul '15
It has to be at a minimum SP of 0.75 too doesn't it? I'm sure I've read that loads of times on here...





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