Frontera Resources - current SP 20p, long play 500p +. 100% rights over block 12 Georgia covering a massive area. Best PSA terms in the business. Currently developing three cheap quick payback shallow fields that should provide the cash flow to allow them to get on with what everybody wants: 1) Development of Taribani an independantly audited 119m barrels recoverable 2) Reentry of Lloyd-1 which has recovered live oil on a prospect that could be anywhere from 550m to 1 billion barrels recoverable Given Frontera's market cap they should multibag when the cash flow starts to come through from the shallows alone. It isn't difficult to envisage a share price considerably North of 500p within 2 years with a fair wind. Dare I even say 1500p. DYOR as always.
buys a chunk @ 27p then what other clear indicator do you need ?. HOLD for further gains. GL everyone. btw MECOM <MEC> also doing nicely this morning. DYOR
FTSE futures predict a fall today, l think however PELE will buck the trend !, too much momentum now !, HOLD for 27 - 30p mid term, long term <skys the limit>
trying to dig up some research notes to determine if worth a punt or not, SP is well down on it's high, a little reluctant taking on an Indian Co, although I have also taken a punt on SATYAM.
upside today, this is still well undervalued & PELE have their hands in many pies !, I look forward to this get back to a realistic level - mid 30's for sure.