Member Info for MaxHSpringer

Duster, they have no geological DAT, no sismics, 3D scans, no drills no nothing! Their shares were suspended from NExlX and failed at mining (IMO), I think they are a lifestyle share but I am not invested there, nor will I be so not bothered!

Remember today was IPO on AIM for BLOE (in its current form), they have a few million, but �4-5m is not a lot of money when starting an exploration company in O&G. This is especially when you don't have experience in this area. I personally would invest spare money in here and wouldnt even consider BLOE. That's my opinion and as much as there is a good PR machine there, dont think much else! We are so close here and they are where FRR was 20 years ago!

The problem there is a motor depreciates as soon as you sign the paperwork (bad investment). Even if I have the money, I could think of much better things to do with �400k. I am looking at securing my kids future along with mine. A pre-owned motor will do (let someone else the depreciation hit). Rain, I'll buy your Bentley off you once you've had it for 28-36/months (just look after it) hahahaha

Zy-/ I think the ii is a front man for whoever is really putting up the money! I really think if we have a decent flow rate, that FRR could go to a bank/commercial lender and get the money it needs to drill 3-8 wells and then have the cash flow to self fund at least a well or 2 per month by middle/end of 2019!

Hi Bedex and Zyd- I did this on a serviette based on 585bpd @ $70 or so. 585x $70= $40,950/day x 7 days = $286650 x 52w= $14985000/12mths= 1242150$/mth, possibly more! But after a few drunks,I would be delighted to hear alternative ball parks

I had a thought while talking to a mate, who is also in FRR and I wound up asking myself- if the company is generating aprox U$1.3m/ mth, why did they need an ii to pay in for Nick? So, if from the $1.3m -$265k= aprox $1,035,000. So,as there is no tax to pay all you would need to pay are your overheads which come to aprox $213/mth. So, my point is there is over $750k/mth. So, let's say that Zaza wants to put $250k/mth into savings to build some cushion, FRR could have funded Nico by November, with the money coming in. So, my question is what are we missing? I for one would hope that FRR went to a bank and said,"loan us $20m and we can pay $500k/mth to service the loan. Then go to a couple of drilling companies and say "get us two teams and equipment on to block 12 and you will have back to back drills for the next five years. Once the fourth of the new wells is drilled, I would go back to the bank and get a further $20m and repeat the process. So, is this what is going to happen? Or will the money be used to connect UD2 via the flexi pipe Zaza was on about late last year? Iexpect that there is an RNs that will explain a few things as I would not see things going quiet until November. FRR is now cash positive and is able to stand on it's own two feet. Once the additional pay zones are flowed the cash per month will increase. These are very rough figures and thoughts, but interested in views,is this plausable or better?

Again! But on the bright side, I swopped my pints for a small handful of more FRR! My FRRiday treat to myself!

Well for me Nicola has a lovely voice, but its charts! Charts are historically accurate and can give you an idea of possibilities. The issue is they do not predict the future! They do not take sentiment, news, developments, BOD decisions, flow rates, reservoir size, jv's, t/o's, geopolitics, local& regional politics, finance, repayment of debt, BOD active and cash participation,infrastructure and everything else that is going on, including really good positive cash flow!

Lubu- I would normally say the same thing and that is true for over 80% of companies on AIM (criminal paradise IMO), but every once in a while a share either returns huge for it share holders such as pyc recently and SSX who moved to the big table and now attracts hedge fund and pension funds! With the resources reported here, Zaza has a lot of skin in the game and he wants this to do well!

This tells me (VERY BIG GIVEAWAY!) Flow rates are good and will be published very soon. Things are looking very good IMO and will top up as soon as I can. Remember Zaza would not use every last penny coming in every month, but has agreed a monthly payment that FRR can afford based on current cashflow! Now remember the company will want to re-complete more wells in this period and has operating costs during this period as well. So, this amount each month is probably about 10- 15% of monthly revenue each month imo Well done, Zaza!

Hey Dan- how are you mate!? If it is cancelled tomorrow it would be a sign that they are done with the first part of the transaction (sell/cancel) and now are doing second half of transaction (buy/cancel). If this is the case it is a good thing me thinks!

Dave- the 6m is a buy! The share price went up after it went thru!

12m in buys in the last 4mins!

The trick here is to ignore FFR and let it do it's thing! We know the oil is there and flowing, we know the gas is there and is flowing! Had there been problems with the well or a duster, IMO it would've been known by now. UD2 in extended flow test and I suspect that there not only is an NDA in place, but possibly a conditional agreement in place!

Matte- the very overwhelms majority are in sticky hands. This is part of the reason why the share price has drifted, there very fees buys and sells. Everyone is holding their shares as the fundamentals are very good!

Gumbo- we believe its a transfer and somehow related to paying off YA! However, nobody has actually pickedup a phone or emailed the company to query/ I asked HL and they gave me the brush off and weren't bothered. They basicallttold me to go @@ck myself! They were not interested! So, they k ow exactly what is going on IMO and so does the city! IMO otherwise the FCA (you would think have suspe fed the share)

Washers- was that thru fill or kill or a regular order? Still a fantastic price.

Under the mid price, so look like sells. I just topped up at .415! Small cheeky one but the intention was to get them at .40 but by the time I saw it and logged in it was a bit late!

If Zaza is sorting YA out with this exercise, then he probably can't say anything until it is sorted. The share price seems to be important here somehow!

If Zaza is sorting YA out with this exercise, then he probably can't say anything until it is sorted. The share price seems to be important here somehow!