Member Info for pyrotech

Timster, Yes its theory, thats all we have for now You mention market manipulation, No broker or MM would manipulate over this period in such an open manner, its suicidal. You can 99% rule that out. Also for what purpose? Take price down for what, An ii to buy millions? For EXXON or Gerogian govt to buy millions? Well no one is buying millions. Those 10m a day are enough to keep price where it is. These are shares transferred at a particular price band. Thats why sp is where it is and in a way its orchestrated as Zaza can also get good value for his money getting rid of YA - and with the money he risked already i am quite happy for him to get a great deal. Be aware we all have the option to buy now too. If a PB is needed for any shortfall it would need to be within next 7 trading days to be in time to be available to pay YA unless paying monthly amounts. The low SP also is not ideal for a PB as would be better to have higher SP and then offer discount rate. All the shares have to be recorded if available for trading in future - which is why i suggest what happening, it makes perfect sense where nothing else does.

Yes guys thats the kind of way i see this working Plus if Zaza was to pick up rest of the debt he would want a good price However that price would have to be within guidelines so this low price and kept low would do huge benefit for Zaza, if he was to transfer money for shares to get rid of YA One other much less likely scenario is this Ya may have sold shares to another department within YA - hence the recorded holding on Reuters. YA could be manipulating this ( not sure how they could get cancelled shares) ready for next allocation of shares. Lower the price the more shares they would get. That would assume they did not know company want to pay them rather than issue shares - unlikely They would also need a way to cause cancelled trade - again very dificult Would it actually change price - i think not So my thoughts highlighted here make the most sense, it actually fits if you think about it. ZAZA was not in hope YA were gone, he basically guaranteed it Those saying we need to wait for RNS are right of course, but whilst some fear whats happening and with some posters playing on that fear i am just balancing the feelings- but this is a educated analysis of whats probably going on. I think when all comes out in the was we will see its not so far from the truth If only i had funds now to add more

Not if they are paid that in full $2,891,000 zaza said they will be gone There was a london based institute interested in clearing it for us, and Zaza was also considering doing it himself. One way or another that share issue to YA will not happen he said ( go and listen to recording) The shares are set aside for this and they will be converted to more shares dependant on price, however as thats not going to happen, rather than YA getting millions of shares to hold us back with sells over a long period the most likely answer is the ii has been given the shares x amount for x amount of cash - so how many will be known and at what average price. hence the sp today A little bit of a bargain price. Now Zaza will probably take the rest of whats owed to YA by putting in cash.He will get shares also for that cash - probably at same price that the ii got them, but possibly at 3o day average price. perhaps now the lower sp is making sense to you all So these are transfers and being counted by the market for recording purposes but not actually buys and sells. Now Zaza does quite well with this, in effect its a 20% discount Who else wishes they could have a offer like that, shares at a 20% discount Well if you got the funds you can Just people can not see the woods for the trees For the ii its a 20% safety net, but they will also be more informed on the data than us mushrooms Really guys this is good news, YA gone and someone else holding shares, if Zaza does buy another lot to be involved with the demise of Yorkville ( Zaza knows them as) then who here would not see that as a massive plus sign. Just let them get on with doing it as its to allow them to give the news that will take this forwards without YA selling into the rises. News until now has been deliberately vague for this reason and when its finished you may find you need hold on tight to your seat. I just hope that some did not give up their seat for someone else on the way

I did say and look ....... 10m just as i said What baffles me most is people questioning what its about ITS a transfer and to do with getting rid of YA No surprises here at all x amount of shares for x amount of cash and the sp will be at that amount for the transfer News will continue when complete I suggest completed Friday but possibly an additional week to add. Friday 8th at latest but possibly this Friday Minimum of 10m a day, it will not be quite enough to clear YA so i suggest another form of payment to complete it We were given clues when i asked Zaza at the meeting

The share price started falling a week before the meeting, so basically for whole of May It settled at 0.46 p and you can see that 16th and 28th May sp was at that level Slight fluctuations and today we challenged a little lower level, i would expect this as if a price of 0.46p was agreed then the fear by holders could influence the SP as they get de risked. personally i feel the deal started earlier and the shares were allocated at 0.5p and what we are seeing is balancing the price, to see a final allocation at 0.5p Due to low volume we are also having pressure on the price today, it seems its been worked out to transfer 10m shares a day minimum. will they get that allocation transferred today on such low volume - i suspect they will In June this will stop and we will see price back to 0.56 or higher No advice intended DYOR

Rainbow, like i said and gave my reasons earlier why i strongly advise against borrowing for shares - you can borrow 1st you can buy shares using credit card for payment 2nd you can get a loan and not stipulate what for Both are a very bad idea but can be done i also know people who borrowed from pension for shares, real bad idea but i know people who have They CASHED in pension and somehow put it all into one share, a financial adviser would never agree to that so they must have misled somewhere along the line. So people do borrow to buy shares but then you risk losing money you do not have Best action in my opinion is only risk money you have and can afford to lose I have alot of money coming in July but will not borrow against it to buy more even at this fantastic price, i so want another 2 million shares but if its not to be then fair enough.

As tempted as i am its not something i would do I have given my thoughts on where we are and why, i am sure as i can be that the sp now is bargain for someone and also for us if we take it However Repsol , Exxon all sounds very good news and i am sure it is I can not discount possability that Georgian govt want to shaft us, pure greed So have we proved concept and arbitration is about Govt taking part of blocks back and selling to other companies Now it would be a foolish move by Georgia to do that, they would lose trust from other companies and upset uncle sam too. European barriers and Nato barriers would be built if corruption is seen when things are currently going sweet in those regards So unlikely but it did not stop Azer from similar, although circumstances very different, plus fast buck blindness by individual politicians can always make these circumstances become real Personally i see that very low risk and also suspect any arbitration on that would favour Frontera who spent many millions proving it, so far without reward. But borrowing money with any possability at all would be a risk to far Not just here, but even on a FTSE bank, unexpected things can always happen, like two rogue traders cost the bank billions within days of each other and bank unable to pay its debt is forced to sell up or close down. Nothing is guaranteed in the share market

Out of curiosity did you get the rain soon after - yesterday Should have given a few hours of rain for you and possibly some thunder

Wait for the 10m cancelled trades from yesterday The 10m that had to be added via the market but were a transfer for cash injected for those shares 5 m transferred so far today - due to be seen as cancellations tomorrow Really some can not see the woods for the trees Whilst many on here are gutted by the share price, i am gutted my money will not come thru in time to take advantage of it. The shares are x amount for x amount of cash and so price is what it is A bargain for someone Its also a bargain for US Now think about it A well being drilled at no cost to us, they have seen data and it has to be worthwhile or they would not do it. Issues with gas were reported after 3 weeks ( clean up and they needed 70 tons proppant) Its been 6 weeks so in my opinion if issues we would know. i suspect the gas is proven but to really make it good need a new well, someone else will do that - watch this space Oil is flowing, and although many are questioning initial and current rates - we have a clue Someone has seen the data and decided to pay to get a well later this year - of course they would do that if flow rates fell off a Cliff after two weeks - get real folks Malky being paid by FRR - again what planet are these negative posters on? The price is being orchestrated whilst these shares are transferred and its an opportunity for all of us to buy more, what is lowest price, i do not know. I hope it stays down until End of July till my money comes thru. I will probably miss out on this. News to come Year accounts - nothing pretty as for 2017 - but may have a note including current sales and expectations Flow rates from all 3 wells update UD2 Did i forget that the price of oil has risen dramatically since before the current campaign was started in late 2017 and it was commercially viable then. Here is a quote buy when others fear Someone has paid for alot of shares and they are being transferred as we watch

Yes and you answered your own question there If it was any of them they would want profit Which is why i am saying its not them YA have not been issued any shares for June onwards yet They are owed money and if not paid a deal will e made, based on price to issue them shares to sell every month. FRR get the shares issued The transfer therefore must be between FRR and someone The deal would be x amount of shares for x amount of money Any shortfall between what that cash deal is for, would be made up in a number of ways including primary bid and Zaza, the latter being my bet. Exxon are almost 100% not taking shares This is probably a II and could even be one who took shares in the recent PB The price is being orchestrated until transfer is complete

Yes its block 12 is within it 5p yes thanks for conversion � / $ So if my thory of transfer is right its been very close to finishing in June Most days its been 10m cancelled and at times more, i can not remember less than 10m and it seems to be a number they like most days Nice round fiqures

Thats how many cancelled trades so far in May according to my records How much do we owe YA �2.9m are we near the half way mark? is Zaza taking the other half? I am positive this is a rid of YA deal and it shares being allocated Will it show up on reuters later in June when complete IMHO only

I have seen no news i would class as bad in May I have seen success after success reported on the operational side throughout the Month and prior We know someone is spending a few million to take on a well later this year It looks like YA will be gone Good flow rates, silence on gas is deafening and in my experience its good news as very easy to give poor flow rates and extremely dificult to withhold bad news, good news easier to delay as they can justify by saying we need check a little longer just in case. Arbitration - You do not fight over an empty box The only thing - and that makes no real sense is the share price With that the multiple and sustained daily cancelled trades from each previous trading day I wish i had my money now and not in July to buy millions more Just my opinion

Yes it is your 100% right Currently, we are actively pursuing what we have determined to be significant drilling opportunities in the oil-rich Kura basin, specifically in eastern Georgia where Frontera holds a 100% working interest in a 5,060 sq km license area known as Block 12, which it acquired in 1997 (Fig. 2). Cretaceous play Block 12 contains seven known, undeveloped oil fields along with numerous additional prospects for exploration and exploitation drilling. As a result of extensive geological and geophysical evaluation efforts using a mix of traditional and newer, more sophisticated technologies, including AVO analysis, Frontera has identified two major geological plays within Block 12: the Tertiary Clastics Play and the Cretaceous Carbonate Play.

Timpster / Tsbs It does sound mad, i am also not sure it requires a RNS until complete as shares already allocated However Anyone got any better explanations , because its not Manipulation as too open and happening too long. They would face massive repercussions and no one is stupid enough to do that. Only thing that seems remotely possible is that its a transfer of shares - rather than sale The price is being artificially held down Now if i was transfering shares from my account to an isa for istance, price would not change and it would not matter if the sp was 0.5p a share or 5p a share, all that would matter is the spread Now if your transferrring �1m worth of shares, then the price matters alot Zaza said YA will be gone! A ii or bank was interested He was also considering buying them out himself Yes i am guessing but its an educated guess

This has to be some of the shares that were going to YA being sold by the company to someone who is going to pay off the debt. Who ever it is has probably agreed to hold the shares until a certain timeframe has elapsed The shares are cancelled as not actually sold, just transferred We did not need notification as the shares were already agreed but for YA The price is low and being kept low whilst this transfer proceeds as it means they are getting the shares at a discount Remember, at same time you can get the shares at this price too "the discount" So who ever is paying off YA is allocated x amount of shares which then equal x amount of cash. Of course at this price they are getting a very good deal I do not think this will be enough to clear the �2.8m so i suspect Zaza will be taking a huge amount himself Ya were due to start again in June so maybe all this ends on Friday this week. Thats the only thing that makes any sense of it all. So for those being negative, this is being artificially being held down and i would close your shorts imminently.

Interesting that they are now talking about GAS "important deposits of oil and natural gas" For many years they have denied having any commercial gas and have vividly demonstrated that against claims made historically by FRR (SN) Now suddenly they have "important deposits of gas" Very interesting in deed

Was a forecast mate, so would expect rain within two hours of my post - or very soon now near Oxford Quite happy to be proved wrong if it does not happen Why not, i been wrong on GKP, MTV TXO and so far FRR So lets hope my weather forecasting is better than my share price forecasting

Those around Oxford / Reading area be aware of torrential rain and thunderstorms - just West of London and heading West - slow moving and may cause flash flooding, dificult driving conditions and other weather related issues including lightning strikes. This will continue Westwards during the day and may even reach SE Wales. Sorry to interrupt the discussion

John21 you do not appear to be the brightest candle on chandelier Do you ever consider valuations of companies not producing any oil, but having received a contract to explore an area with potential hydrocarbons, starts 2d exploration and then drilling. FRR are way beyond that with proving to some extent that not only is the oil real but they had it flowing from one well alone for almost 10 years. Now they have larger flows with more wells and others being tested, with medium term plan for 100s of wells doing same. Your agenda to try to frighten holders has not gone unnoticed.