Member Info for FlagStaffIR

https://www.investegate.co.uk/ariana-resources-plc--aau-/rns/new-corporate-video/201810290700083968F/

https://www.investegate.co.uk/frontera-resources--frr-/rns/frontera-signs-mou-with-industry-major/201810290700073966F/

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

https://www.youtube.com/watch?v=JRehYTbZXnc

https://www.youtube.com/watch?v=EWorBy1lpJU&feature=youtu.be

https://www.independent.ie/business/brexit/brexit-and-uk-site-closure-boosts-gas-storage-project-37402025.htm

https://www.brrmedia.co.uk/broadcasts/5bbb7214269b0c1ded1894e1/ariana-resources-investor-site-visit

Best

Caspian Sunrise (CASP) – Corporate – Interims
Market Cap £165m Share Price 9.9p (Thursday’s close, published Friday)
Caspian Sunrise provided its financial results for the period ended 30 June 2018 indicating revenue for the period of $5.0m and cashflow from operations of $3.3m.

The company produced 1,750 b/d of oil over the period, which stands to rise once Well 143 is brought fully back onstream (it was constrained over the period). The shallow MJF structure is contributing more than 85% of the company’s production, with the remainder from the shallow South Yelemes structure. At three of the MJF Wells (143, 142 and 146) water production has increased, this was successfully remediated at the MJF 143 well by re-cementing the well to isolate the water production. Applying this technique may also increase production at the 142 and 146 wells. Additionally, the technique will be applied to the Well 808, which could establish the commerciality of an entirely new shallow structure. Gaffney Cline has been engaged to produce an updated reserve estimate for the company’s shallow assets, which is expected to be completed before year-end.

In respect of its deep assets, the company indicated “we cannot specify a date by which the first of the deep wells already drilled will start to flow, however we still believe we are close at both Deep Well 801 and Deep Well A5”. Deep Well 801 is being prepared for acidization and an identified steel obstruction in Deep Well A5 has been partially removed with further remedial work ongoing. As a reminder Deep Well A5 produced at around 3,800 b/d of oil for 15 days before the obstruction inhibited production. After operations are completed at the Deep Well 801 the drilling pipe being used there will be used to reperforate Deep Well A6 with more powerful explosives.

At the company’s request, the date for commencing the upgrade of the licence for the MJF structure to a full producing licence was pushed back to January 2019. This will allow the company to benefit from expected but not yet enacted improvements to regulations in respect of the calculation of historic costs.

The board and Kuat Oraziman (CEO) have entered a framework agreement, whereby, if required the company would be provided unsecured funding by Mr. Oraziman at an interest rate of 7% p.a.

Frontera Resources
FRR have added to their RNS from Monday as they are getting significant ‘market enquiries’ not to mention chaos on social media with regard to dealings in their shares. Today’s announcement says ‘to clarify’ that on 28th, 29th, 30th August and the 3rd September YA II PN ‘arbitrarily’ sold 82m ordinary shares that were not authorised, issued or admitted to trading by the company.

Investigations continue into possible unauthorised dealings in the shares and so we are not to expect any further comment until FRR has taken legal advice and from its advisors. It remains a mystery that something like this can happen but now we will have to wait and see how it could have occurred.

Frontera Resources
Frontera are having some problems with Yorkville it seems over method of payment. As I thought I saw it FRR had the option of paying monthly by cash in order not to issue more shares into the market, at least that’s what I wrote back then. It seems that unsurprisingly they were shocked to get a conversion notice in respect of 82m shares for August and 94m shares for September payment. In addition there is now a default notice been issued and total closing payment is expected.

The situation seems to revolve around whether FRR are entitled to pay with cash or whether Yorkville can demand shares, at present it looks to be one for the lawyers although I would have thought that it was pretty much in black and white. This does highlight the problem that has been rife in the sector for some years that borrowing money from operations that take shares in return leaves companies wide open to crippling dilution and should be avoided at all costs.

On the upside for FRR the recent RNS showed that these are exciting times at Block 12 in Georgia with distinct possibilities on the farm-out front with technical due diligence being done at the moment. If either were to result in a successful deal then the upside for Frontera is considerable.

Yes but are very brief ! Due to some rather unscrupulous individuals on these BB prefer to deal with questions by....

-RNS Obviously
-Face to face shareholder meetings and conference calls
-Broadcast interviews with Zaza to tackle particular themes
-Other initiatives such as site visits/conferences etc etc

WHEN WE CAN ....

Appreciate your frustration - we won't enter into a dialogue (Breaking my own rule lol) -these BB are unregulated and comments can be twisted/distorted

Apologies

Best

Early October meeting working on it now American Square same place

I have been told that fully paid and agree if they had miss payment the NOMAD would have insisted on an RNS.

Hi
Planned first week of October - date to be confirmed soon
Best

CEO Alastair Smith interview with LSE: http://www.lse.co.uk/media/exclusive-alistair-smith-avacta-group-ceo-gives-an-operational-update.html

https://www.dropbox.com/s/oqi9kez7m4y66kb/15_4257424_67046076820180906163331.mp3?dl=0

Frontera Resources
Frontera has announced that it has entered into non-disclosure and data exchange agreements with two industry majors and is currently progressing with technical work and commercial discussions regarding possible transactions involving a farm-out or a JOA within its Block 12 holdings in Georgia. Whilst these discussions are at an early stage they have moved ‘a big step forward’ so now FRR is conducting EWT’s to better establish production capabilities. The detailed report shows which zones of which wells are being tested and co-mingled with further news to come.

This is very good news that the shareholders have been waiting for for some time and it is understandable why the company could not discuss it. It certainly explains why I havent had a chance to speak to Zaza lately although I am hoping to soon. The shares are up a ripping 60%+ today but still only at 0.38, they deserve better, maybe when these discussions come to fruition, the real value that I believe they should be trading at will be realised.

.......will be a determinant in establishing the commercial attractiveness of Frontera’s assets from the perspective of a major and that these results have yet to be established.

In respect of its ongoing testing, Frontera indicated that at this stage the company has continued to see consistent oil and gas delivery from relevant wells but is not yet in a position to report volumes until such time as the longer term test are completed as described above. In our opinion, we welcome the long-term approach and the focus on undertaking comprehensive testing vs. an inundation of short-term (and potentially misleading) data points.

The company indicated that its funding agreement to sidetrack the Niko-1 well is being reviewed to adapt the drilling / testing objectives to incorporate testing of the deeper Zones (within Eldari B).

We believe that having two major companies assessing Frontera’s assets (via formal NDA and data exchange agreements) represents a step-change for Frontera. We anticipate a positive share price reaction to this development.

Our estimate of the fair value of Frontera remains under review pending the ongoing well tests.

Frontera Resources (FRR) – Corporate – Entered non-disclosure and Data Exchange Agreements with two industry majors
Market Cap £36m Share Price 0.23p

Frontera announced that it has entered into non-disclosure and data exchange agreements with two industry majors and that it is currently progressing with technical work and commercial discussions regarding possible transactions involving a farmout or joint operating agreement within its Block 12 in Georgia. Frontera confirmed that both parties attended extended site surveys and management meetings.

As a result of these discussions and to assist with data analysis, the company has been conducting extended well tests to better establish production capabilities (previously announced). The company indicated that due to the current technical and commercial discussions with industry majors, which may lead to a farmout or joint operating agreement, Frontera has changed its ongoing well test program such that current production from Zones 14, 15 (wells Dino-2 and T-45) and 19 (well T-39) will continue for a longer period of time than what was anticipated before and additional tests could potentially be performed.

The company indicated that production from the Eldari A (inclusive of Zones 14 and 15) could be comingled with production from Eldari B (Zones 19, 23 and 25). For context, in our opinion proven production from Zone 9 (over 8 years of production history) has established that drilling wells and producing from Zone 9 alone would generate value (positive NPV) using a 10% discount rate, assuming a $70/b Brent crude oil price. However, to attract material development capital we believe that even more generous economic returns would be required compared to the traditional 10% that is usually applied to determine the theoretical value of oil & gas assets. Therefore each additional potential zone Frontera is testing has highly material capacity to “flick the switch” and establish the commercial viability of the Taribani oilfield in terms of its ability to attract capital.

WHI had identified i) the extraordinary scale of the Taribani oilfield, with a lateral extent of circa 80km2; ii) the exceptionally high quality of the oil bearing sands (Zones 9, 13, 14, 19, 23 and 25, albeit we initially emphasised the shallower zones with the deeper zones now emerging as potentially being better) relative to US tight-oil plays that are being commercialised; iii) the implications of having over 8 years of production history from Zone 9; iv) that the moment of truth for Frontera after decades of investment would occur in 2018 and 2019; v) the improving sector backdrop. So in short, we are not surprised that Frontera is one of very few oil companies listed on AIM that has entered discussions with two major oil companies, because the potential of its assets is consistent with what a globally leading oil company would look for to generate meaningful growth, in our opinion. We recognise that the ongoing tes

https://youtu.be/ezViQsNbPOc

Its a conference call only