Member Info for offtheball

Applegarth, Are you saying the majors get a look around the data room without signing an NDA ? Surely when the market haven't been informed of the data from EWT tests, An NDA has to be signed to allow anyone to see the information ? I know very little on this subject, So I am happy to hear anyone's thoughts on this.

I'm sure zaza stated in the lse podcast that the operational expenses and the YA monthly payments were both funded from the oil revenue stream generated whilst testing. I make this to be around $1,234,861 per month. ( $969,861 + $265,000 ) If $55 a barrel, We need to be producing 22,452 barrels a month ( Around 748 bopd ) to cover costs. Anyone else have some input on this ?

Does anyone have any experience of an NDA in place elsewhere and the outcome ? Could there be a deal made with the current test info they have or will it be in frr's interests to have Zone 9 stimulated and added to the flows first ? Presumably proving up as much as possible would affect the overall deal ?

I have become far too attached here by my own admission bedex. I've had around 12 trades in the last two months in four other punts which have been based on hopping in and out within hours or a few days and made good money. If I had played out the same strategy here for the last five years, I'd be well on my way lol..... This carnage affects family life, mood and I also find the mental side a tad too much for my liking at times. I think jumping ship and not being involved if indeed this pulls off would be detrimental to my wellbeing as well. Can't win to be honest but the patience is slowly running thin. If there is no news for the next few weeks, This is nailed on to only going one way !

A traders dream this share..... Sure as f*ck if I tried it, The blockbuster would land :-(

Been at it for twenty one years, Does that mean there is five left to complete the marathon ? lol

lol

That's the attraction..... Fingers crossed, It's our time. We all deserve it.

Well done Chaz, Profit is profit. After nearly five years investment in here, I'm starting to think my strategy is all wrong. For about the sixth time, I've watched a decent rise followed by a drop. May well be time to mix it up a bit as taking no profit over five years is grim. I find myself in the ' dream come true ' camp again to expect any profit. Truth is, This can still go anyway from here on in. My belief is this could well be the time the fat lady sings but nothing is certain like some on here seem to suggest. I think 0.2p is a bit off the mark though but who knows how long it will take to get another update. The mass volume seems to have dried up too.

Hoping for a blue day today, Would be great to see the high trade volumes stay here.

GLA :-)

in my mind the mountain has had a good shake, Still a lot of climbing to be done until we reach the summit though. I'm more than happy to sit tight whilst the climb takes place.

GLA :-)

Looks like an 8,653,000 after hours buy ! Beats the relentless after hour sells over the last few months :-)

I had a feeling this morning the news would end positively today but I can honestly say i didn't expect such a frrally.
I'd like to thank the usual suspects for their version of events building up to today which definitely helped stop me from derisking. There's a massive possibility I could even end up blue tomorrow :-) Things must be good, I don't recognise most of the posters on here today, I just wonder how much legs this rise has got. Looks fairly sustainable into the rest of this week. GLA and I hope this rise continues for some of the lths :-)

Well, I think this is a major step in the right direction. The " Is there or could there be " an nda in place is confirmed. There is also two majors sniffing around which could mean a bidding war !

Although this could go either way, I'm happier to sit and wait this out now, That's for sure.

GLA :-)

https://www.investegate.co.uk/frontera-resources--frr-/rns/operations-update/201809030700084937Z/

Does anyone have any information I could have missed regarding these two points ?

Was the permit different for T-39 mole ? I can't find anything regarding Niko-1 permit only allowing Eldari A.

Also, According to this release to the market, They managed to drill deeper at T-39 on budget. Did the budget increase with the decision to drill to zone 19 ?

Fri, 29th Jun 2018 07:00
RNS Number : 9853S

The Company made a decision to continue well deepening operations with the intention that Zone 19 of the Eldari B reservoir to be perforated, tested and in order to further enhance the well deliverability, produced together with Zones 9, 14 and 15 of the Eldari A reservoir, once flowing pressure of Eldari A and B reservoir targets are equalized.

On 28 June 2018, the Company successfully completed the T-39 well drilling operations within budget, to a total depth of 3056m into the Eldari B formation.

Remember the sp guess chart that Kenco had running on the build up to the christmas presents ? Was a real buzz on here for a duration, As well as some ludicrous guesstimates lol. Never thought it was ****ible to end up where we are now. Hopefully zaza can spur some much needed confidence again moving forward. 7am in the morning would be the dream..... GLA.

It's been a long time, Couldn't be much more difficult than staying sane in here though lol.

I like the look of that herb beer they have recently released in Canada, If all goes well here, I may nip across and sample some. By all accounts, It's fairly potent stuff.....

a puff of the 'erb would take the edge of it right enough lol