Member Info for Contra

It is not the whole story just to concentrate on developing and testing the wells. There is another game being played out here - what is it ?, and no I don't know anymore than anyone else but the way there has been a clamp down on any news is significant. The work on the wells is continuing but until "other" matters are resolved there will be no news.

All this speculation is interesting and it clearly shows many personal agendas most of which are based on a wish to see a much higher share price. In this I'm no different to others but clearly there is "summat" going on which requires the share price to be held in a range until the situation is resolved - whatever "the situation" is. This is why news has been restricted, why flow rate announcements have been kept to the minimum necessary, gas or oil. "Extended testing " has been a useful tool to keep things under wraps. Pressure is building in more ways than one (underground, overground!) and before too long everything will become clear and the share price will rise, I think substantially. Until then patience, if you're a long term holder you should be painfully used to this. If you're a recent holder then welcome to the club.

kempey - until cost recovery is complete the GG get FA.

There is much speculation on what might happen over the oil, gas, jv's, YA, etc. Try this one - Zaza's recent unexpected purchase of shares could be a prelude to a significant announcement on gas where the share price will increase by multiples - then Zaza sells the recent share purchase and then pays off YA - job done! Well, stranger things have happened to FRR before, and many a true word spoken in jest!

Mole - exactly, to muddy the waters with another minnow would serve no useful purpose and could prejudice a much more lucrative and comprehensive deal.

Puddy - 90 days, if you wanted the money sooner you factor it. ie. you can have 90% of the money within a few days and the factor retains the 10% when the invoice is settled - simples!

I would add that I don't think Frontera itself will be going to V18 as the data required will be gleaned from UD2. Then the field development will be planned by a comprehensive 3D seismic done by "A larger company". Before that ,of course , a gas deal will need to be done.

pyrotech and RainbowRider - I was in the middle of writing a post when I scrolled back to check on some numbers when I saw both of your posts. There is now no need for me to post my effort as you have said all I was going to say. I think you are right and just to add the background of an increasing oil price and the urgent need for Europe to replace Russian gas with our "Shah Deniz on land", at a fraction of the cost. Block 12 represents "The best bang for the buck" available - Not too long to wait now!