Member Info for DanBrown83

sooo.. Insider Trading????

17 months work and it shows the cash situation when the Accountant needs paying in shares

I'm 35
This is an income for retirement

sure this was mentioned by some chartist here on monday that it will test 0.35p before next leg up
0.35p breached but spread already 0.36p - 0.4p now

The deal could take time but an offer can come a lot quicker
If an Offer is made subject too this will fly
I'm hoping that the Majors are really waiting for Extended Test on T39 - its been tested 60 days already so there should be a good amount of data they have - enough to make an offer in principal

well refinement got costs to circa $10 per barrell
OPEX initially circa $12 per barrell but will reduce in line with field development to circa $4 per barrell
realistically for a major who can reduce this further , were talking worst case $15 per barrel cost to a $60+ sale price

i would much prefer a full buyout too, but i don't think that will happen at this stage
the RNS states within its Block 12 operations
In Zaza's comments it states specific areas within block 12
i would read this as not the full block

I would say that its certainly Taribani and potentially Mtsarekhevi at this stage

seen a few
most common farm in is:

Initial downpayment on day 1
FRR receive a percentage of profit
there are also usually milestone payments (most likely on boepd targets are reached)

JV's main difference is you typically don't typically get downpayment or milestone payments, but you would expect a greater percentage of profit

Im hoping we get a good initial payment - there is plenty of Block 12 left to explore and we need funds for that

More than likely they will be waiting more on T39 results - its a new zone and is flowing more oil than predicted as per RNS 19th July with the ability for a larger choke to increase more than 529bopd than originally flowed

it will be new wells
nice and shiny and no historic issues
probably be built cheaper as the Major will likely employ from internal resources instead of a contractor, also expect a much quicker field development

1m share seller i think

Personally i think its Taribani only at this stage, it makes sense as the majors are assessing flow rates solely from this aspect of Block 12.
Taribani is circa $15bn in resource and since then has been increased further.
The main thoughts are is how quickly would the field be developed, if we need circa 250+ wells, it was going to take 25 years, with the proper investment a JV / Farmout brings, we could be looking at a 5 / 10 year development, that bring in a lot of revenue and fast to a company like Frontera, i would expect some upfront payment to allow us to explore more of Block 12, sidetrack UD2 and a few gas wells there, once a JV is in, they will be very interested in the rest of Block 12, talk about a snowball effect

Think it was a sell, look at how the SP motored once it had cleared
it will likely be one of previous funders selling shares (probably from the funding that was locked in for 6 months) reducing there risk but bet they are kicking themselves
reckon the SP would be well north of 0.6p without that

it followed a similar pattern yesterday - where it traded for a long time at a relatively tight range, then at around 1.30pm / 2pm the flood gates opened
We have seen similar - initial spike, retrace, spiked again and retrace where it consolidates (we are here) - now we are looking for the drive from 0.4p range to 0.5p+ range hopefully that will be this afternoon

just at the minute after the huge volume and rollercoaster - it did this pattern a few times yesterday before a the next rise so here hoping this is the lull before the rise

Too many people not understanding the difference between BPC and FRR

Is BPC in an area where there is exsisting infrastructure to tap in - No
Is Frontera - Yes

Is BPC onshore with low extraction / low CapEx Requirements - No
Is Frontera - Yes

Has BPC flowed Oil and Gas at commercial Levels - not put a drill in ground yey
Has Frontera - Yes

two completely different companies

Hey Apple
No reason why not, lets remember this was over 0.8p last year albeit on less shares, 0.6p - 0.7p seems feasible in the short term, don't think we will get too 1p until more news on takeover talks but AIM is unpredictable and i have seen bigger rises for less.
Most here know fundamentally for the resource in the ground / current wells in operation and potential flow rates we were well undervalued at 0.5p / 0.6p earlier this year and we are in a lot better situation now

£2,467 up

i'm only a small player but thats a nice holiday - holding for a house though :)

back to 0.5p this week

were a lot safer area to invest in than BPC