Member Info for cannyscot2

it's cos Rugby Rob just stated we have 202ttcf GAS. As if 202TCF is not enough!!
Quite time nearly at an end Goggy? Yep saw your deliberit mistake.

Another day closer.
she says "What's new today on the chat board. No RNS?"
He says "No but did you know Steve Austin is still alive - remember the $6m dollar man?"
She gives him a puzzled look and he says " ants and termites produce 1000% more methane than we humanoids."
She looks even more concerned.
He says "and lots of boys had shell suits just like me, oh and btw we have just 50 more years on the planet. No worries though, we can catch a ride with Richard Branson to another better place, We will be able to afford it."
She says "Right boy, that's it!! Tomorrow you are definitely going to see the doctor. Frontera Resources has finally sent you over the edge. I knew this was going to happen. For seven long years I have listened to this. "
He says "Just give it till Christmas. Zaza is definitely giving out presents this year. Definitely!!"
She says "I give up. Do I pack my case or yours?"
🏃‍♂️🏃‍♂️🏃‍♂️ upstairs to get to suitcase first Woman 🤷‍♀️🤷‍♀️🤷‍♀️ in despair.

It was just a passing thought.
Yes definitely holding up income and reducing cash flow too as additional costs and sharing income at T39 during ongoing tests was mentioned. Has to be an announcement PDQ!!!!!
Do not ever discount the Chinese. They have invested heavily in Georgia too.

As there is a NDA in place is it inconceivable that the "ongoing tests" could be carried out partly at Niko1 as well as T39? We already know that FRR is a tight ship when it comes to leaking information. Testing at T39 been going on since around 3rd July. A big time lapse compared to H1 works.

I too thought sidetracking it was on hold from what was said earlier until the potential industry partner(s) deals done and posted the other day that it could be well into Q2 before producing oil from Niko.

Big stretch but I suppose my question is really could drilling and testing a further well be covered by or be part of NDA to prove Zones 23 and 25 before deal announced? Or is it still on hold pending outcome of talks? Bearing in mind that flow rates from Dino 2 and T45 have never been announced either so this is leading me to think that all Taribani ops are covered by NDA!!!

Other thought is re Chinese company being the other major. How would this sit with Trump administration's trade war with China if goods could be routed through Georgia if they sign a free trade agreement with China AND the US

https://www.bloomberg.com/news/articles/2018-11-07/opec-ministers-meet-as-oil-s-slump-spurs-talk-of-another-u-turn

No change there.

tweet is very relevant to o & g in Georgia as a whole. Just not sure why it would be tweeted 2 weeks later.

Zaza knows we would happily look at the choo choos leaving the station. Heck, even a pic of the crew eating a hearty breakfast and the weather forecast is better than silence!!! 🐕🚗🚗🐕 Who is in the lead? Gap closing?

Apologies all. Just bored waiting and wondering

Like your sense of humour (assuming you approved those tweets).

You really would not dare or would you?

go back to at least 2005 in Taribani. They will have a lot of knowledge and will have improved their own equipment, technology and knowledge since then.
We should be very positive that they have signed this MOU with FRR because of past working relationships and their willingness to commit their own resources in what initially appears to be a production sharing agreement. If they were not positive about what Block 12 contains they would not even have signed this MOU.

Mole - thanks for sharing earlier updates - as you say this is the path they have been on for a long time. Just got stymied for lots of reasons. As Zaza said knowledge is expensive and they were all over B12 like kids in a sweet shop but now they are concentrating on the known oil sweet spot and still have an NDA in place with a further industry major, looking like that will be to advance Taribani first then work on other areas including the GAS!!!.

The tests at T39 have been going on since early July, nearly 6 months with Dino 2 and T45 even longer, yielding what we hope, and according to Zaza, is very valuable info to move production forward.

What we don't know yet is the drilling plan for 2019 which is getting ever nearer. It is therefore very important that the Baker Hughes agreement is firmed up soon so that they can assign the necessary equipment to Block 12.

If some sort of deal is being worked through to offload/transfer shares as suggested then it would be great if that was over soon. It has been noted these large amounts are often at slightly lower than s/p, They often closely match a series (3 or 4) smaller buys. Could there be an agreement to make up the difference in cash. A small cost when you compare it to flooding the market. Just food for thought.

We need production to increase substantially to meet 2020 obligations. Yes, possibly borrowing opportunities will present themselves with Zaza no doubt working on that right now, but until meaningful news we are treading water while costs have increased to meet ongoing testing alongside the unnamed major. We have decreased the monthly commitment to YA and have an end point in sight, a masterstroke by Zaza but the additional costs will be eating up the surplus until Niko 1 in production if that is next target. Again we don't know about Niko 1 but it appears to be the logical step.

Expecting news very soon or 2019 increased production will not be happening in Q1 or early Q2? The longer talks last the bigger the strain on finances unless we are producing more oil than seems likely. Not forgetting this is a WORLD CLASS RESOURCE we are sitting on. Over to you Zaza, you have done a great job so far!! We just need some meat on the bones soon. All jmvho

the Frontera Express. Next stop................

That's okay then prodigy. Easy to read in wrong context. Regdik in the naughty corner then lmao. Roll on 8am or even 7am - winking smiling emoji with no more tears (we hope)

Prodigy - would you like to rephrase that from 14,49!! Lots of good posters and sleuths too. A few just got carried on the tide over the weekend because they were bored due to markets being closed.
Fresh start tomorrow. Not a great idea to alienate all other holders bar five.

more of yesterday's carp 🦈🦈🦈 . Now that you all have each other's email addresses it would be great if you could keep it off the bb. LSE has been badly misused this weekend as a platform which it is not intended for. That said good luck to all who signed up. Your inboxes could be interesting or even inundated.
Roll on tomorrow and back to relevant stuff to FRR. No-one owns the bb but it is intended for FRR and a bit of banter outside hours.

kempey - we are agreed on the first, right or wrong and the detail awaited will tell us about the finance package.
Hoping the white knuckle part is over for the LTHs with a big cash injection in FRR in whatever form it takes.
Some days think buy-out and off to Moldova with royalties pb sold in B12 and other days think Zaza and SN still have an ongoing appetite for Georgian ops. All depends what way the dice fall, what's on offer, etc. Not forgetting the largely unexplored parts of the Block in recent times.
It is certainly never boring. Never could there be more excitement among shareholders than there has been around FRR. Not just the doom merchants that have had squeaky pants. We have had our ups and downs here on the bb too. GLA all and have a great weekend. Those who are up can relax for a while. Those with some way to go to break even, it is looking positive for even better days still to come.

Now that the trading week is done who do we think is calling the shots at T39 for EWTs?
Baker Hughes or A N Other?
Thoughts here, jmo, are that it is still A N Other and that we have signed the MOU with BH which will be beefed up when AN Other deal is concluded with ALL THREE working together and all already in informal agreement that BH will be included in the deal for Phases I, II and III, hence MOU.
There is definitely news via RNS afoot but like everyone else just not sure when it will arrive.
Three cheers for Zaza who has done a great job of steering us through stormy seas, piloting us out of the rip tides and keeping us off the jagged rocks. We were pretty close at times.

News awaited in no particular order
1) Results of well tests, oil sales
2) AGM
3) Hope and Outrider outcome
4) Arbitration (if still relevant)
5) Deal with both major industry partners including finance details
6) Who is going to fill empty chair and the other likely empty chair at the BoD's table
7) Updated estimates of recoverable resources
8) included in (5) - next year's drilling plans
9) Niko 1 - likely in (5) above
10) Moldova - will keep for another day

Probably more to add but most other questions should fall into one of the above. For once we have had a great week so hoping this is just the start of sunnier times with the doom merchants either taking a long position or even better, toddling off elsewhere.
.

https://drive.google.com/open?id=1iHepc-YZW6lhx6NZF3hym5eF9y2TvLZb

last s/h meeting

like there are a lot still trading this on the dips and the rises. If they have played it right they will have done very well but it has great potential for the LTHs who have actually INVESTED in the future of Frontera. GLA in the coming days. To any traders out there, There is real LT potential here.

Zaza we await your next left field RNS, hoping it will be to confirm the other industry partner or beef up the info in the MOU, whether the NDA major is what many are thinking or could it even be one from up in them there hills who knows what it is like to be a minnow?? With BH on board to provide the expertise in ground services, computer analysis and production it could be any major industry player with a few tens of $m to speed up the process while FRR and BH get on with the work on the ground before others come a-knocking for various parts of Block 12.

No problem ivy

https://twitter.com/FronteraRes

A useful link even if not on twitter

Frontera Resources (FRR) – WHIreland note 29.10.18 Market Cap £66m Share Price 0.42p Frontera announced that it has signed an MOU with Baker Hughes, a subsidiary of GE (“BHGE”) regarding mutual cooperation with regard to Frontera’s 100% held Block 12 in Georgia. Under the terms of the MOU, the company and BHGE will collaborate with the aim to improve efficiency of operations, enhance service capacity and capabilities, and commence an in-field drilling and intervention campaign to increase production and recovery of resources in the Taribani, Mtsarekhevi and Mirzaani fields of Block 12 in Georgia. For this purpose, BHGE may provide equipment and products, technical services, project management and other related services on as needed basis (“Work”). The MOU divides the scope of work into three phases. During Phase I, candidate wells at Taribani will be chosen to work on a field program with the aim to increase oil production. During Phase II, the parties will cooperate to work on the Taribani field development project that may include, but not be limited to, the Work. During Phase III, the parties will cooperate to work on future projects that includes BHGE solutions and expertise with regards to the natural gas monetisation. Pursuant to the MOU, the parties will work together towards entering into definitive agreement(s) which may include, but not be limited to, commercial models regarding increasing the field production, BHGE’s provision of services and products, and the Company contributing to the venture via sharing of its oil and gas production. The MOU will remain in force and effective until 26 September 2019 and may be terminated by either side giving 30 days’ notice. In our opinion, this should be seen as a preliminary step towards a potential full-scale partnership between Frontera and BHGE, which would incorporate both a commercial/funding element and technical/operational element. We are not surprised that a global leader in oilfield services has entered an MOU with Frontera given our positive appreciation of Frontera’s assets and their meaningful scale. We believe BHGE would be an ideal partner for Frontera given the breadth of their expertise, global operations and technical leadership in the oilfield services sector.