Member Info for Avi8r

mcadder.

3p would be very good, but thats almost 10x the current price. I appreciate Zara suggested the share price could go for more than pennies but a $1bn valuation gives the company share price at 4.9p

3p values it at over £625M.

If Exxon is named as one of the JV partners it will be 5p in a matter of days

on what basis?

they would just issue a conversion notice on the day

Like they didnt last month?

YA payment due this week (16th) and no mention of fundraising. Maybe the truth is a little more boring than the outlandish theories spouted here.

He probably means 0.7p, but feels like he's been in for 7 years.

just seen a nice cloud...

Bugsy - The sale has been 6 months in the process, was originally announced via Eni's website and press release 18 Dec. 17.

Interesting timing though, Zaza provided an update on Taribani and testing of the Ud-2 well on Dec 13.

Ask yourself what an NDA is and then you'll have your answer.

Not difficult.

If thats your attitude to investing then you shouldnt be investing at all, let alone the AIM. You would be better off putting your money in a savings account with a reputable bank.

As for listening to the likes of king of england, when all he is king of is spin and nonsense, then allowing yourself to be taken in by the diatribe he spouts then you only have yourself to blame. Perhaps your time would be better spent undertaking some proper research into where you are investing your money rather than bleating on here looking for sympathy.

You wont get any sympathy here. You made the investment, no-one twisted your arm or held a gun against your head, so grow up and accept you have the power to control your own decisions.

Mole - seeing as this was overlooked last night; Eni discovered 30TCF natural gas in the Mediterranean in 2015 at a cost of $70M. Today thats estimated to be worth ' $6.4 billion to Eni, according to Oswald Clint, an analyst at Bernstein Research, a market research firm.' Apparently FRR have discovered 202TCF but this is onshore and consequently easier to extract. If 30TCF is worth $6.4Bn to Eni, what would 202TCF be worth to FRR? Comparing like for like, which is all we can realistically do at the moment gives a valuation here of 6.7 times that of Eni's $6.4Bn or a total of $43Bn. I'm struggling to believe that but even at half that, $20Bn = £15Bn. Even with 15,7Bn shares in issue that [conservative] calculation puts the share prices at £1.00 if all the above is correct. What are your thoughts? Details here: https://mobile.nytimes.com/2016/10/19/business/energy-environment/how-eni-bet-big-and-won-big-on-natural-gas-off-egypt.html

Eni discovered 30TCF natural gas in the Mediterranean in 2015 at a cost of $70M. Today thats estimated to be worth 'an estimated $6.4 billion to Eni, according to Oswald Clint, an analyst at Bernstein Research, a market research firm.' Apparently FRR have discovered 202TCF but this is onshore and consequently easier to extract. If 30TCF is worth $6.4Bn to Eni, what would 202TCF be worth to FRR? Comparing like for like, which is all we can realistically do at the moment gives a valuation here of 6.7 times that of Eni's $6.4Bn or a total of $43Bn. I'm struggling to believe that but even at half that, $20Bn = £15Bn. Even with 15,7Bn shares in issue that [conservative] calculation puts the share prices at £1.00 if all the above is correct. Details here: https://mobile.nytimes.com/2016/10/19/business/energy-environment/how-eni-bet-big-and-won-big-on-natural-gas-off-egypt.html

Yes it has been posted. By me when it was released earlier this evening. https://goo.gl/PJwik8 Sadly, the original link was lost amongst the inane chatter.

New release this evening. FRR gets a mention @ 15.40 in. All coming together nicely.

Okfrr Why would Barclays give you �500 worth of chicken? Further, given the problems you had with them, why persist with them?? Wouldn't it not be better to find someone more reliable rather than losing �3k? After all, a fool and his money are easily parted.

Spot the errors from the clowns at shyte profits: "AIM-listed, Houston headquartered, Cayman Islands registered oil/gas play Frontera (FRR), whose operations are in Georgia (and if that�s not a Red Flag�.) has confirmed gas flow rates from its Dino-2 well in the Taribani complex. It flowed at 315 bbls per day � well, at least part of one day. Apparently that�s commercial, but I doubt shareholders can count their winnings just yet. For starters, it was a mechanically stimulated flow (so The well naturally flowed light, sweet crude oil seems a bit of a stretch). And we are told: On 18 May 2018, 3m interval of the Zone 14, situated between 2543m and 2546m, has been perforated, mechanically stimulated and flow tested together with Zone 15 So how long was the test, and what rate might we expect in the longer term? Er�answers on a postcard. Zaza Mamulaishvili, President and CEO of Frontera, waxed lyrical: We are hugely excited to have achieved a commercial production rate of 315 bbls/d �.. confirm robust economics of the Taribani wells�. current success of the Dino-2 testing is an important step forward towards achieving commercial development of the Taribani oilfield Well, good for Frontera. That should be enough to get the next placing away at least! But there are heading for 16 billion shares in issue. Even if that flow rate is sustainable for a whole year (with no drop-off in production rates), it will only produce 0.000007 barrels for every share in issue. Think: less that one ten-thousandth of a barrel of oil per share. And you have to knock off exploration costs, production costs, tax costs and so on. Bear raider Waseem Shakoor is unimpressed, saying (via Twitter) that Frontera shares: are worthless because the company has debt that it can't hope to repay with the pitiful cash flows it has. Every few years, there is a debt/equity swap that obliterates existing shareholders. Look at #FRR history, and the share count increase. So with this fantastic news (sort of) which has seen the shares motor ahead by just 3%, I think we know what comes next: PLACING AHOY, PLACING AHOY In other words, just SELL."

Same here, about 1hr from Cardiff.

Hi Pyro, I believe this sort of abuse is investigated and prosecuted by the authorities in the UK. Seeing as both parties are UK residents it shouldn't be too difficult for them to investigate and bring winnifrith to task. All thats required is for Malcy to report him to the authorities or even bring a civil claim for defamation. He certainly wouldn't be the first to bring legal action against this individual. BTW, I note you live in Wales. Correct?