Member Info for FlagStaffIR

Frontera has announced that it has signed a term sheet with a New York based fund for a loan of up to $60m for operations in Block 12 in Georgia in 2019. Initially for up to $45m, of which $20m is expected to be used to pay down existing debt, the loan is over five years at rates of between 8-11%. This seems a pretty good move, the finance is going to accelerate the work programme on the Taribani field and with other recent announcements mean that financiers and other leading oil companies are taking Frontera very seriously.

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to confirm that, further to the announcement of 23 November 2018, it will be holding a shareholder update meeting and presentation followed by a Q&A session today, 10 December 2018, at 6:30 p.m. (U.K. local time), at 1 America Square conference centre, 17 Crosswall Street, London EC3N 2LB.



George Frangeskides (Executive Chairman) will host the meeting along with key members of the executive team.

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to confirm that, further to the announcement of 23 November 2018, it will be holding a shareholder update meeting and presentation followed by a Q&A session today, 10 December 2018, at 6:30 p.m. (U.K. local time), at 1 America Square conference centre, 17 Crosswall Street, London EC3N 2LB.



George Frangeskides (Executive Chairman) will host the meeting along with key members of the executive team.

John Wood, CEO of InfraStrata, talks to BRR Media following the Company's recent shareholder meeting:
https://www.brrmedia.co.uk/broadcasts/5c09456a96a7b725bb67c3f6/infrastrata-shareholder-meeting-2018

Please find map of venue 6pm for 6.30pm start

https://www.google.co.uk/maps/@51.5110949,-0.0760203,18.12z

Nearest Tube Tower Hill

Please find map of venue closest Tube Tower Hill

https://www.google.co.uk/maps/@51.5110949,-0.0760203,18.12z

Best

The Board of Caspian Sunrise are pleased to provide the following update at its BNG Contract Area:

Deep Wells - new wells

A8

Caspian Sunrise is pleased to announce the spudding of a new deep well A8 within the Airshagyl field of the BNG contract area. It has reached a depth of 350 meters without incident.

The well is planned with a total depth of 5,300 meters and will target pre-salt reservoirs of Permian, Carboniferous, and Devonian ages. Based on our interpretation of the 3D seismic data we expect to encounter the top of the salt layer at a depth of about 3,900 meters.

The well is being drilled in two parts. The first 4,100 meters; to the expected base of the salt layer, will be drilled by Sinopec.

To ensure lessons learned from the drilling of the previous three deep wells are utilized and the likelihood of a successful well maximized, BNG staff will provide direct oversight and work in close collaboration with the drillers when drilling from the base of the salt through the reservoir section.

A casing shoe will be set and drilling of the prospective reservoir sections will be done using the BNG operator and crew which successfully drilled the A5 side-track 2 with minimal formation damage.

The well is anticipated to take approximately 250 days to drill and complete.

Deep Wells - exiting wells

801

As previously announced our policy at Deep Well 801 is to wait until the pressure in the well reaches its natural peak before opening the well and commencing a flow test. The pressure in the well continues to rise steadily and by 27 November 2018 had reached 485 bar.

A5

Again as previously announced the issue at A5 has been the presence of approximately one meter of unwanted metal towards the bottom of the well. To date attempts to remove the metal have proved unsuccessful. Further specialist tools are being sourced to assist in the removal of this unwanted metal. Should the unwanted metal still remain present in the well after all attempts to remove it have been exhausted our fall back would be to drill a further side track from a position above the unwanted metal obstruction.

Ends

**************************************/blogpost/134865/

Reminder investor evening 6pm for 6.30pm start, 5th December details on RNS.

Best

MEET THE TEAM - Dr Kerim Sener (MD) and the Board look forward to meeting existing and prospective investors on Thursday 29 November at its shareholder evening and presentation, followed by a Q&A. Details here to register: https://bit.ly/2zmHx9r
Best

rontera Resources (FRR) – Corporate – Mobilisation of Workover Rig
Market Cap £65m Share Price 0.41p

Frontera has announced the mobilisation of a workover rig to the T-16 well at the Taribani field.

The company indicated that it has successfully completed a technical study of Taribani wells drilled by a previous operator and has selected the following wells for workover operations: T-16, T-24 and T-31. The intention is to clean these wells and check well integrity for future sidetracking/drilling operations in order to drill and complete the wells in the Eldari B reservoir.

In our opinion, we see today’s announcement as a confirmation of the prioritisation of the Eldari B formation at the Taribani oilfield. Sidetracking provides the company with a fresh-start to drill the wells optimally to ensure well integrity, which has proven to be the key to unlocking the potential of what we perceive to be a promising resource.

Frontera Resources
FRR has announced the mobilisation of a workover rig to the T-16 well in the Taribani field in Block 12 in Georgia. The plan is to go on to the T-24 and 31 wells after this as the company target the CPR numbers of 51 MMbbls in the Eldari formation. There is plenty of good news around for Frontera at the moment and this should be viewed as a highly positive step in the right direction.

Infrastrata
Good news from Infrastrata yesterday as it announced that the FEED work had been completed at the Islandmagee storage facility ahead of time and on budget. So, INFA has a blue chip trader on board, has completed the FEED which leads the way to finding a funder and selection of an EPC contractor. After many years of promise it looks like INFA might well be about to deliver the goods.

https://youtu.be/QfsiIoarKX0

Best

https://www.brrmedia.co.uk/broadcasts/5bec601655433b0e0cf69784/tower-resources-company-overview

https://youtu.be/kZrfMrpCpzw

https://www.youtube.com/embed/dEysDAbcJts

https://youtu.be/zy1hBYpDJdE

Best

Ariana Resources - BRR Media Operational update
https://www.brrmedia.co.uk/broadcasts/5be97bf67f34977950a5ba3d/ariana-resources-operational-update

December 5th 6.30pm start - nearest tubeTower Hill -The Board and INFA team looks forward to meeting you
Best

Nearest tube - Town Hill