Member Info for lambpostie

I suggest you all have a look at the area block 38 is in it is a mammoth of a licence and all signs point to oil.

Ant - onshore $10-$15 pb ... Jack has over 1 million in here as he paid 5p and got it to market off his own back. Bernie - I suggest you ring the CEO.

One thing to remember here guys is there is a seller who has been offloading 30 million ... in the grand scheme of things this is nothing but average volume has been 300k per day so by my calcs and on an increase of volume it should be clear today or tomorrow.. when it clears the mm's should tighten the spread and this should rise healthier!! Stubbs morning mate, good news all round then, if we can nail that farm in we will truly be off to the races!!

Its off to work i go ... Have a good un all .. im expecting an update this week, lets see what it brings.

Funding and farm out mate... Compare it to all its peers, even without funding it should be priced higher... I had a phone call with the CEO on Friday night read back a few pages. Its been in a down trend since listing last year and on Friday broke out of it, listing price was 5p mate so any farm out and securing of funding should see it back to 5p imo... 60% not in free float. Jack (CEO) has over $1 million invested here and is not currently taking a wage.. he's also doing everything he can to secure the long term success of the company, this is bargain basement prices mate imo... still risk as we already know as never any guarantees but with it being cheaper then it cost them to acquire the licences and bring it to market it seems a pretty decent entry... Have a check of the block 38 mate all signs there are oil. GLM

Lemonade - hopefully mate, i dont see why not with the potential of this being a 5 bagger in the making people wont want to miss out.. I am expecting an update this week, possible farm out round the corner. 15 billion barrels of 1 licence, 10-15$ extraction costs, salt capped (geo's dream), 90% ownership, 60% not in free float, No debt, CEO owns about 25% of the company, 2 other licences, 15 companies have shown an interest in the licence and we are just waiting for them to show their hands.... Have i missed anything? :o)

Good morning to the 3 people invested here... I'm expecting news this week. GL to all !!

To be interesting to see how this week plans out after the break out of the channel to the upside.. if we can keep volume up it should get back to 2.5 as we are pretty over sold.

Yep and every chance that we will get a Farm in first.. We will still need a placement to raise funds but Jack is confident a farm out will come first ... he does not want to dilute this company where possible as he is heavily invested and is relying on its success.

Michael Jack Keyes - Chief Executive Officer Mr. Keyes has over 30 years experience in the international oil industry specialising in exploration operations, project management and corporate management. Mr. Keyes was formerly with Petty-Ray Geophysical Company working on seismic operations in East and North Africa. In 1978, he jointed Gulf Oil Corporation and worked on various exploration projects in Europe, the Middle East, North and West Africa, Southeast Asia and South America. On leaving Gulf he joined Western Atlas International as project manager within the international exploration group. In 1988, he founded Frontier Resources International, Plc. and co-founded Circle Oil Plc. a company listed on the AIM market in London in 2005. He completed his formal education at the University of Tulsa, Oklahoma with a Master's Degree in Exploration Geophysics.

From the website... "Mr Salim Macki is the majority shareholder, and his two children, Basil Macki and Hannah Macki are minority shareholders." Mr. Macki was a Member of the State Council, Former Ambassador, Government of Sultanate of Oman ("Oman") and is a Director of Oman Oil (a wholly owned Government company) since 1996. Mr. Macki holds a Masters degree in Petrochemical Engineering and has spent most of his working life in the oil industry, where he is internationally highly regarded.

Don't forget Jack isn't currently getting a wage he has a million invested and as yet hasn't been paid for 2 years of work... Financing and Farm out will get sorted!

Completely agree mate.. Oman laws are extremely stringent im assuming you would have given Jack a call aswel ... he's confident of a deal being done and until that changes the upside will remain far greater then any downside... This will reach placing price on any deal so risk to reward is good imo, never any guarantees as ever in the oil game but exposure to all 3 assets for less then it cost them to acquire the licences and bring them to market is a pretty decent entry. As ever time will tell. GLM

Almost 60% of shares held off market... Michael John Keyes 23,693,671 21.53 Gardner Energy Corporation 10,406,915 9.46% City Financial 7,307,692 6.64 BBHISL Nominees Limited 5,780,886 5.25% Beaufort Nominees Limited 5,338,448 4.85% Andrew Joseph Grosse 5,102,499 4.64% HBS Investments Limited 5,350,000 4.86% Beaufort Securities Limited 4,831,669 4.39%

I see your in here.. good man and balance is needed, there will always be negatives but the upside here on any farm in is very substantial... Frontier Resources International (FRI.L) - Speculative Buy at 1.8p (Target: 9p) Frontier Resources is almost unique amongst AIM's fraternity of junior explorers. Its prized asset is an onshore Block in Oman with geologic formations considered analogous to other prolific salt plays in the region. It even comes with its own prospective resource estimate. The fact that such a potentially significant opportunity, in a territory routinely dominated by the supermajors, has landed in the hands of such an exploration minnow certainly raises some eyebrows. Yet the opportunity to identify a cluster of fields, similar in scale and number to those found in adjacent Block 6 operated by state-controlled PDO is very real. As foreshadowed in Offering the Group's Offering prospectus, Frontier has now successfully raised additional funding in order to progress development both in the Middle East and Africa. This work will continue to de-risk the individual projects as management look for a potential multiplication of its estimated resource in Oman, while continuing farm-out discussions with potential partners. Speculative Buy

I completely agree its far from nailed on, nothing on AIM is nailed on!!... Not really many moons in comparison to some oil companies either as they have only been listed for 1 year... they have on friday just broken out of the range. Anyone looking in Give the man behind the company a call he has 1 million invested and wont be letting this go under!! DYOR and ask yourself if the farm out comes as the CEO believes what will be the Market Cap then?

Hi mate There are 4 companies that own the surrounding blocks adjacent to ours, Shell has a 40% interest in one block, all other companies are planning to drill within 12 months or so I understand... Remember we are not going to be a producer. Jack has thrown almost everything he owns at this as he did with Circle oil, he's not currently getting a wadge and he is as confident as you can be without drilling that there is oil there... We have a salt layer at 4000 feet deep and signs of hydrocarbons, as he said he could not pass up the opportunity of getting this licence and in the process has committed a great deal of time and money ensuring that this pays off... Where in the world can you get exposure to 15 billion barrels of oil on land, 10-15 $ extraction costs for 1.5 million market cap?.. Farm out partner should bring many multiples of our Mcap to the table and that could come at any time... there are also other things in the pipeline... he recognises that the SP has been in decline and in his own words said you look what happens when we release the Farm in partner news. This news will see it back to 5p imo depending on the deal and timeframes involved could see it higher.

Oh and to add to that ... it hit the bottom today and has since broken out. This is ASTA before the run to 5p farm out will see it back at the listing price imo. Good times ahead.

FRI Had a phone call with Jack this evening, very positive call nice straight up Irish bloke no bull**** as he said.. Currently based in the states so if anyone wants to give him a call he will only be to happy to answer and or call you back, anyone looking in I highly recommend doing this. Few bullet points to take in regarding the phone call Farm out could come at any time and he has been spending 100% of his time trying to find a partner... lots of possible partners have been travelling to Housten where he's based to look over the data. Resources have been super sized since the 15 billion barrel estimate... hands are currently tied due to the stringent Oman regulations but more should become clear with time. You can check over Shells data and it is the same very little information available on Oman licenses. A few other pieces of news are in the pipe line and expected to be released in the not to distant future. Funded until a farm out partner is found, completely straight up about not wanting to spend money un nessacerily, has over 1 million invested in this company so wants it to work more then any of us.. currently not taking a wage... ! Shell have 40% interest in a neighboring block which is going to be drilled, he is extremely positive about the area he was also the CEO of AIM listed Circle oil sold out for over 60p. Hard to get it all down but extremely positive, we are an exploration company not intending to go into production.. wants to prove up the 3 billion barrels and sell it on for many multiples of the price!! 1.5 million market cap, farm in partner in the near term, resource upgrade expected, pretty consistant news flow on all 3 assets expected in 2014, more then 15 billion barrels expected over 2 billion barrels recoverable of which we currently own 90% of, dilution kept to a minimum, debt free, listed 1 year ago for 5p so currently 1/5th the price, management with interests in line with ours, production costs in Oman at around 10/15 $ per barrel making more money for us on any sale. 1.5 million market cap?

beach dude good skills.. yep tiny market cap mate for whats potentially in the ground.. this could have a 20 million market cap if it gets some decent funding... I think they are hoping to get a partner on any of the 3 assets so hopefully they sell the other 2 and we keep Oman because all the signs point to oil and its not something you wanna give away cheap if you can at all stop it from happening... also oman is cheap production which means more profit. 1.5 million market cap .. potentially 15 billion barrels of oil? from one out of 3 assets? Nice.