Member Info for Madpunter

As I predicted on the 14th November, the golden cross would happen within two weeks and it has taken place today, with the 50VWMA @ 0.4164p crossing the 200SMA @ 0.4138p.

Apologies, I predicted within two weeks on the 14th November.

As I predicted last week, the golden cross would happen within two weeks and it has taken place today, with the 50VWMA @ 0.4164p crossing the 200SMA @ 0.4138p.
50-period VWMA + 200-period SMA: The VWMA will react better to important price impulses, while the SMA will give you a peak into what the “herd” is up to. This method will provide you a slightly earlier trade signal versus using two SMAs.

WHamBoy - T39 has to flare the gas which is only allowed when testing (as far as I know) in Georgia. The increased flow prior to this could be due to production testing as explained previously :-

Why would production increase from 5,000t to 9,000t? The change to productivity testing could explain the increase, where the choke could be opened allowing unrestricted flow, followed by fully closing the well. This creates a pulse allowing data measurements to be collected from the reservoir.
https://pdfs.semanticscholar.org/b4d2/d236dcd461181b957acc499f9cb4722740e6.pdf
9,000t oil = 69,390kbbls for oil of 41.5 API (7.71bbls/t)
https://www.platts.com/IM.Platts.Content/MethodologyReferences/ConversionTables/Images/CCSS1015_Energy_Industry_Conversions_LRG.pdf
If the well bore for T39 is opened up then 8 x 529bopd = 4232bopd (as 529bopd was for a choke of 8/64", although the equation is not linear as there are other variables). At a rate of over 4,000bopd + T45, Dino and the Zone 9's, even with fully closing T39 to create pulses, then there's ample time to fill the trainload.

Mole if it's stock oil then why no reply to my email or post referred to previously?

I also emailed GOGC to ask if they are auctioning FRR's oil and posted the following to a Yellow Jersey subject heading:-
Does FRR sell it's oil via the GOGC auctions?
No reply from either. If FRR was selling it's oil the same way outlined in a previous RNS, with Trafigura via train to Batumi, then why not answer with a reference to that RNS?

Auction was advertised by GOGC on the 13th October for auction on the 22nd October. Yet previous to this auction there were three trainloads auctioned between the 10th September and the 22nd October (only one every 6 months prior to the September auction). I have explained possible reasons for the increase in production followed by a decrease in the link below. If my assumptions are wrong why has there been no reply from the GOGC or Yellow Jersey? Why is there no fanfare from the Georgian Government about such an increase in production if it's not FRR's oil? Perhaps a second O + G company has stumbled upon a gusher like FRR and is also in a NDA, but they haven't yet disclosed the fact? See the post on the 13th November in the link below:-
http://www.lse.co.uk/view-general-chat-thread.asp?forum=commodities-and-mining&thread=41C7D130-7E51-4344-82E7-83B697F53322&page=3

On 11 October 2018, the Company and its fully-owned subsidiary, Frontera International Corporation, filed an action in the Grand Court of the Cayman Islands in relation to the loan notes issued by Frontera International Corporation to Outrider Master Fund L.P. in 2016 and due in 2020. On the same date, the Court granted the Company's request for an injunction regarding the security underlying the notes pending the outcome of the dispute. The Company intends to vigorously assert its rights. The Company will provide further updates as they become available.
1onic the extract from the 12th October RNS indicates that FRR instigated the court action and pre-empted any retaliation from Hope + Outrider via a default notice with an injunction.

1onic all true except FRR is not counter suing, it's Hope + Outrider. FRR instigated the legal action and Hope + Outrider tried to counter. YA were caught naked shorting and let off lightly. Why? Possibly because they have agreed to give evidence for FRR against Hope + Outrider?

garytrader - IMHO YA were let off lightly and are still going to be paid despite being caught naked shorting. I wonder if YA have agreed to give evidence against Hope and Outrider to avoid harsh penalties themselves? If this is the case, then I don't see how Hope and Outrider can win. This could see the loan notes debt written off and Hope resign from the board in an out of court settlement.

More buys than sells now and an 8% gap between the one MM on the Ask at 0.415 and the rest of the pack on 0.45. It won't need much more buying to turn this blue IMHO.

jippyjazz - The 2 x 12m buys this morning were a rollover, therefore the first is a sell. If you deduct 12m from the buys and add 12m to the sells, then there are slightly more sells, but not enough to warrant a 5% drop, especially with more buys in recent days still dropping the price.

If as most expect ExxonMobil to be involved in any good news, then IMHO 1300 hrs is a more likely time for the RNS, to align with the markets over the pond.

Another sell of £10k and the MM's drop the price to 0.42p (-4.55%). I wonder if the 1 code is good news coming and the MM's are trying to take advantage?

ma5k - It looks like your 14p floor will be reached sooner rather than later. After today's RNS I'm not sure that a bounce from that level is even a good bet.

Laks - No more posts on FRR directed to you, but only if your sure and it's not just a lack of chocolate. Lol.

Just seen the article on ii, so apologies ChampionWonderhorse for not mentioning you in the reference.

StarRage - I've re-posted the article in the Frontera Archive. Thanks for posting the article.

http://www.lse.co.uk/view-general-chat-thread.asp?forum=commodities-and-mining&thread=41C7D130-7E51-4344-82E7-83B697F53322&page=3

Posted on Sunday 11th November :-
ma5k - On the daily the 200MA @ 0.4194p, is converging with the 50MA @ 0.3895p and the 50MA is looking to overtake the 200MA within two weeks IMHO . The Share price has been above the 200MA since the 30th October and there's an engulfing bullish reversal on the 8th November.
Posted on Wednesday 14th November :-
Getting closer on the daily for FRR. 299 points gap Friday; 284 Monday; 260 Tuesday; and down to 233 today with the 50MA @ 0.3954 and the 200MA @ 0.4187.
I stated within two weeks for the Golden X on the daily and IMHO that still holds.

Laks I don't think FR was singled out, the headlines were showing the pound and shares down. The MM's seize upon any opportunity, but when people realise that companies doing business overseas, especially in dollars, they buy back in, just like what happened today.
https://www.bbc.co.uk/news/business-46219038
Wednesday I posted about the Golden X for the 30 minute chart and the daily getting closer, not Thursday. It still got closer on the daily yesterday and today, while the gap after the cross on the 30 minute has continued to expand . The 5 minute and the 45 minute both crossed today and the gap on the hourly is starting to close.

The MM's will latch on to any excuse to create a market. The fact that the bounce is much greater than the drop, with both on very little volume, suggests the MM's using Brexit rather than market behaviour.

Only 40 points for the Golden X on the 45 minute FRR chart and on the daily it's down to 196 points. Yesterday's Brexit induced drop almost regained already. The 30 minute Golden X from Wednesday shows no sign of reversing and has now widened to 365 points.