Member Info for lambpostie

Completely agree mate, msmn, rose, asta all sells from them and they all multibag... I think this will do really well from these levels mate, a farm in partner could bring millions to the table and our mcap is tiny, assets in Oman look very good other producers in the area and a big fat salt layer sat on our licence with hydrocarbons ... Very good odds. Ceo also happy to put money where his mouth is which this early in the game is a big box ticked also at a lot higher price then this.. If they could farm out Nambia and Zambia at 60-70% leaving us with free carry and some cash for Oman to prove up the 3D this would be spot on... Oman could be massive mate and production costs at 10-15$ per barrel as we are on land. will get some decent research done on the weekend and post all up. Have a good one mate.

Yeah lets not mention that again eh otherwise we will scare everyone off... I havn't checked the articles as not signed up and don't intend to but i will take your word for it!!

also emailed Jack so will update on any reply... i pronged around for some decent info will have to wait and see.

20 times the daily average... Will do some posting over the weekend this is very UTR ... if they can get a decent Farm out deal this will fly.

Ant - this is cheap as chips mate, i can't believe its got a 1.5 million market cap with the 3 licences all at a 90% ownership.. we can farm out 40% and still reign control with enough money to see us through that will be worth far more then your current market cap... that presentation is well worth the read mate if you haven't already... FRI have oil... I was in RXP before discovery and i was as confident there as i am here, these guys will one day be the favourite play and with CEO owning so many at a higher price to this they certainly aren't out to rip us off.

http://www.friplc.com/pdf/projects/Information%20Memorandum%202012%20Oman-ed1.pdf

Just found it on Youtube... cheers mate!! I will get on some research over the weekend, also going to contact the CEO, just a pain as he's in the states but will ring this evening and get as much info as i can and update here... this looks like a very good entry for what they have and pre farm in.

Tiny sells... some people know whats good for them ;-)

Has zac tipped this recently?

Weekly close above 1p and it will be break out confirmed... bit of research over the weekend me thinks!

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.

I will have a whiskey on your behalf mate!!

Cheers mate, you know as well as I do what will happen on a Farm out deal with a 1.5 million market cap, 15 billion barrels, already producing neighbors, 90% owned, no debt and to top it off Salt capped. Have a good weekend mate.

Exactly mate... she's broken out of the range, we might see a back test but its found the bottom and the bottom as it happens is an absolute bargain.

:-/ I like to give people the heads up .. i do apologise mate, farm out before the year end .. salt layer capped at 15 billion barrels.. 3 assets and only 1.5 million market cap add in just broke out of the down trend. I will keep it here tho mate apologies poor form!

Farm out of any of the 3 assets expected in the next 2 months.. if they farm out for 10 million + whats that going to do to a 1.5 million market Cap?

Whilst the Placing proceeds will not provide sufficient working capital to fund its planned activities for the next 12 months, the Company anticipates funding its further exploration activity and general working capital from the proceeds of a farm-out of one or more of its interests in the second half of this year. Funding news will see this re rate and it is expected before the year end !!

Yep completely agree, this has to be a buy and hold and top up when you can, massively over sold and due a correction which should be north of where we are sat the moment, this has today if it can hold just broken out of the Ichimoku kumo cloud which means it should keep going, we might have a back test first but it should get bought into Operating and capital costs in Algeria, Iran, Libya, Oman and Qatar were all estimated to be around $10-15 a barrel. I think only around 40% in free float... these guys have oil mate... They are drilling over a salt cap next to already producing finds .. the extraction costs are tiny and all for a 1.5 million market cap... crazy... Oman is pretty stable as far as middle eastern countries go, BOD own almost 30% of the company if these guys found and it flowed it would give it a market cap of around 400 million obviously dependant on the fam out agreement... these prices are crazy!!

The Block 38 licence area could contain prospective resources. The competent persons report on Oman prepared by SLR Consulting ("Oman CPR") contains an estimate of the oil-initially-in-place within the Ghudun Basin of 15.5 billion barrels of oil equivalent. Because of drainage towards the Ghudun-Khasfah High, SLR Consulting state that Block 38 can be expected to contain 70 per cent. of this volume i.e. 10.8 billion barrels of oil equivalent in place. Adjusting for an 18 per cent. recovery factor, SLR Consulting estimates that Block 38 could hold 1.9 billion barrels of prospective resources. The estimate of net attributable prospective resources is based on Frontier's initial 100 per cent. interest in the Oman EPSA (prior to a declaration of commerciality) and is set out in the Table below:

Also paid more then this for his shares... this has just bounced off the bottom, and is way undervalued for what they have any farm out new will send this into multi bagger teritory