Member Info for MisterPositive

just in.

more or less most of the day today

time to revisit 0.45 level again...

few chunky ones just in.....

possible today yes......something is going on.

MMs loaded up now ?

Can sell my whole lot in one go..........MMs happy to take it off me.

Somethings UP.......they need your shares.

ticked up.

Quite a few 1m and 2m Buys today...

Some decent size Buys coming in also.

TA showing as OVERSOLD on both:

STOCHRSI(14)

and

Williams %R

....Bounce due.......drop from 0.48 to 0.35 seems overdone (especially after Mon RNS).

....about to head up me thinks....

MMs back to their games......must have grabbed plenty today.

Thanks Dan, Jabond and Mole.

That's what i thought, has to be constructed based on past CPR estimates, which should be revised Higher now from the data so far since original CPR + estimates from Additional zones still to come in.

This would be typical of the Equity analysts plugging numbers in their Computer models for an Upward revision.

Ignoring ALL resource valuation, just refund of the $400m cost pool is about 2p per share to FRR.

I am using the +2p as a simple Base case price here + Value of Resource ($$$).

Foxestocks, Agree. Hence loaded another +2m today earlier...both shown as Sells......LoL Spread was pretty wide then, so got dealt below MID price......typical.

Bomber64, No worries here dude. BPC did not go from 1p > 7.8p in straight line. There were multiple stops...for folks to hop on and off, then hop on again. Same pattern here.

Abkaz.

I am as we speak. But thanks anywayz.

Are there any internal / external valuations $$$ provided for Taribani ?

OR

will this evolve over time as more Zones are proven.

Agree....specific areas of Block 12....

and Majors have already had a tour of the sites.

DanBrown,

Don't think FRR will be doing any more exploration. This is about it.....just finish off current Appraisal well testing and the additional zones.

Major(s) will take over from here. For me its a done deal.

Just agree a fair price and recover $400m cost pool.

$400m Cash refund could be used to pay all shareholders a SPECIAL dividend and keep some to develop Moldova etc.

IMHO.

Good to know....529 bopd initial flow rate is great....likely to increase lot higher. That will do nicely.

Beauty with FRR is they got a proven resource with Oil flowing, earning them revenue unlike BPC who have yet to drill an expensive Offshore drill. Farm Out talks with NDAs in Frr case is totally different as the Majors can put a value on our resource & future resource Upside. That should form part of their Farm In offer price. FRR testing is more like Appraisal of these wells & the additional zones that have not yet been added to the CPR estimates which surely got to be revised much higher.

Yep, that's the way I read it. Left it open so news could come anytime and catch out these Shorters big time.