Member Info for cannyscot2

Backtracking a bit........the industry major was working alongside FRR at T39, and requiring all sorts of further tests. Do not think this was Baker Hughes calling the shots there but could be wrong and time will tell. Zaza said the two majors were in competition. Have they all started/about to start to work together?
The exact terms of the agreement with Baker Hughes still to be announced!!!!!!!!! Great to have them on board whatever way the pieces fall into place.
Well done Zaza on today's RNS. Looking forward to your next update.

https://fronteraresources.com/wp-content/uploads/2017/09/Frontera_Petroleum_Consultants_Report.pdf

original doc referred to in one below I think. Lets us see that it needs updated but Baker Hughes work will go a long way towards helping with that.

http://www.strandhanson.co.uk/media/1111/frontera-resources-corporation-aim-admission27jul11.pdf

Thanks mole. Do you have link to your google drive or can anyone provide a link? I cannot find it. Duh!!

It would be worthwhile reading for us all.

First off happy with RNS as stated early doors a.m.

Second, if the ramp posts were not posted and the deramp posts were not responded to (feeding the vermin) then we would not have to wade through 500 posts to see the important stuff (and in saying this I don't mean for a second that this post is important) but third point below has been niggling at the back of my mind for a few days now and wonder who can expand on Zaza's remark.

This could be important and could have been mentioned on bb since interview. If it has then I apologise in advance. Zaza said along these lines - more importantly T39 has been drilled downstream so Taribani has just got bigger. Could someone with o and g knowledge please explain this remark.

Thanks in advance!! Canny

And Baker Hughes signing an MOU with FRR will kindle interest across the pond later in the day.

We now have the means to get the drill turning at Niko 1 or even at Udabno or wherever else FRR and Baker Hughes decide. Share hydrocarbon production profit with Baker Hughes, pay the bills and prove up more oil and gas.
Stop whinging. A great step forward.
If we get an RNS with up to date flow rates and estimates of oil in place and recoverable then Baker Hughes could be our major. If not then there is still an NDA in place? Let's see what the agreement is and what other info is RNSd before we start making up our own story. ATB

They have been on site before this current campaign as a service provider?
Still 100% FRR too, Tick
Another RNS to closely follow this one?

do not bite. Not worth the effort

for Georgia. Last presidential election where the public get to vote in new President..

Do you mean the dirty boots man ?

Shhh!!! I think fire is sleeping now and everyone else too likely. Thanks for response. .

The world at large is only now waking up to the potential of oil and gas in Georgia. SN could have been right when he said Georgia would be a gas exporter by 2021. Will be interesting to see how this all plays out. Zaza has a lot riding on his shoulders right now. Nothing new there but looks likely to be at least one deal soon in view of other operators now moving into the country. .

Prodigy - So you would see others wanting to jv/farm in on other parts of B12 if not included in this deal? No more exploration/drilling for us in B12? All funding Moldova?

Crab you are a ⭐

All just supposition for now but where do you see next work for Frontera if partners working alongside them at Taribani and MK in whatever form deal is done? Last interview Zaza implied there would be a role at either/both of these areas for FRR.
I had wondered if they would set about Basin Edge as you suggested it could have rich deposits or do you think they would focus on existing work areas? Could it all depend on subject of arbitration? Just wondering if a deal could include an option for one or both of the heavyweight majors to drill on other parts of the block within a given timescale reverting to FRR control if option not taken up? We have focused attention so far on the here and now. It is hard to see beyond this point as we have always been looking backwards to get answers.

Thanks 5p. Just Friday night thoughts. The first video release threw me a bit but the second with LSE was far better.
I have started using desktop site on mobile as find it to be better. Scroll to bottom of posts on screen to the red bit and option there to use desktop site.
Above all RNS button is there and if there is an RNS soon with lots of data and telling us what direction co is going in as we are expecting and as Zaza said, you can see it go red as you would on pc or laptop.
Have a great weekend all. To those in the south we are sending some cold air your way. It is frreezing up here.
Crab/Wy hoping to get to your hame toon "sooner rather than later" An' nae broon meat frae the 🦀🦀🦀 mind!! 😂🤣😂

Pausing to think what this could actually mean long term for Georgia as a country and especially in the job market...................
Not just the jobs in o&g that will materialise including training opportunities for the young, Support industries, services, etc. etc. etc.. Yes you may say they have these already but they will expand and new ones will be required, more money = more spending.
There will always be the super rich and the poor(er) but if life can be improved for the masses in Georgia & a good job market created with room for the local entrepreneurs, then life should improve for many in this country which appears keen to adopt western democracy. This could bring them another step closer to NATO and EU membership which they appear to be pursuing. Everyone is in charge of their own destiny but Georgians need a leg up. The country will never be perfect. We just need to look inwards at the turmoil caused by politicians in our own democracy........
Great for Frontera too which is why we are here, Now looking more like when, rather than if, success is in sight as Zaza would have a serious amount of egg on his face in his own country not to mention with ourselves after the two recent interviews, if oil and gas production in Georgia is not about to take a giant leap forward.
If ZAZA happens to just be" in the right place at the right time to take the credit after many, many years of hard work" by SN, himself and others, also having a laugh/joke about it on camera, then looks like the Frontera shareholders could be in the right place at the right time too.
If we all make some profit providing varying degrees of wealth then we all deserve it too because we have invested and risked hard earned cash in the future of Frontera and there have been some very dark times. There will be no need to brag though!!! It has been a bumpy ride for many of you and has not been plain selling for the more recent investors either. Without the approximately 78-80% of shares in sticky PI hands, supporting PBs etc., the story could have been long over as choices were few and a number of enemies were waiting to pounce,
This bb has given endless support to us as there is always a degree of uncertainty, not least in the ambiguity of the RNSs. To the respected posters we thank you and salute you for research, views,and realism.
When this chapter in Frontera's journey comes good I for one would like to see Zaza thanking the Frontera shareholders for standing side by side with the Company. Not an easy ride. Just in case anyone thinks I am alluding to a dividend that is not the case. That would be great for us but there is still much work to be done in proving up the rest of Block 12 (unless there is an offer which cannot be refused) and in Moldova too.
Not quite there yet but it does look good. We have peeked around the corner and seen the finishing line so many times. Many optical illusions like the oasis in the desert. This time? GLA

Anyone know the S Carolina $1.6b lottery winner? Maybe they would like to invest in FRR. If that person were to rock up.............how would the MMs deal with THAT!!!!!

https://www.brrmedia.co.uk/broadcasts/5bb5fc62269b0c1ded1893ff/frontera-resources-corporate-update

for anyone not around last night. Thanks jme1976 and biggyie for posting link

Yes shed but the NDA will not allow it. So we just have to wait again!!

Interview confirmed zone 9 production after testing zones 14 and 15. Did not say if comingled and now producing 3 zones together.
Reaffirmed zone 19 is the one that really excites because higher GOR, good quality 41 API and no fracking needed
Recent work confirmed upwards of 150 Million barrels recoverable in Taribani and deeper zones now being properly unlocked.
Confirmed Taribani and Mtsarekehevi are areas of discussion with "potential industry partners". Previous drills for oil 1961-1965 in this area produced "fountains" of gas!!
Confirmed technical work etc with them is still ongoing.
Confirmed YA deal better for Co and shareholders.
Confirmed SH/Outrider action via injunction to protect co and shareholders.

Did Zaza anticipate a different reaction to Exxon /GOGC announcement, hence video release? Was he just letting us/the market know that our two majors are still with us following on from today's announcement? Anticipating the prophets of doom and gloom pouncing on it? As already said there is definitely a lot of interest now in Georgia and at least two majors moved into the country. Never been a better time for majors to join forces with FRR in Block 12 and get a head start close to where o & g pipelines run from Shah Deniz.

The 15m seller has been around for a while now not appearing to want to hammer s/p but keep it within a range as sale usually happens after approx similar number bought in smaller amounts. Prefer the theory that something is being worked through and if decreasing because nearly ended or lower due to thin trade, for that we will have to wait and see. Never a dull moment.