Member Info for Spudsoil

Agreed on the worked buy. I would bet my house this goes above 4p before it goes below 3p

There is big MM appetite to acquire stock today. Having some fun with dummy sells

We just need a little (more) patience. The gas announcement should push this on as that’s something ‘new’ as opposed to restarting oil production wells, and then it’s about the numbers and what the updated break even costs are. Exciting times ahead.

Isn’t it stating we’ve been given the permit but the old one from 2006 has been cancelled. So the new one is the updated refreshed one?

I’m convinced we get an RNS either tomorrow, Friday or Monday. They’ve signposted late Jan/ early Feb only a week ago on Twitter so can’t see it drifting to mid Feb (or why stick with Jan on the Twitter reference). Connection is massive geowiz - the size of that connection is not important, obviously the bigger the better, but it’s the sentiment. It says that the company can secure commercial deals with in-country companies, and it sets a platform for future growth. It also opens the doors for other announcements - feels to me that they are waiting to share field development plan until they can say : look at us, we are earning money.

I do think we are due a massive re-date if macro events continue to work in our favour. Bring on the detailed plan (including opex that accounts for Schlumberger acquisition) and we will all be able to make our own minds up. The list of reasons why we could fly is long if you think about everything the company have announced since start of 2020. Is anyone clever enough to do an approx share price all time high, taking in to account the higher number of shares now in play vs 2019? I’m guessing the 17p equates to around 12p now, so if we move above 12p that breaches our highest mcap. We are a much stronger company now than then.

I think the difference this time round is a share price rise is likely to be sustained as we have income generation, so the share should automatically become less of a trading share and more a holding share, just my view but income counts for a hell of lot with AIM shares. I want to see updated opex figures as that is the key for me.

We are days away from moving in to next stage of company development. If the interest in this share doesn’t spike on that news, then details of the development plan plus updated financials (forecast and then actuals later) should showcase why this is investable. All about the next few months for me. Confirmation of regular payments from BaGo, sustainable production numbers plus success with next drills and we are on a different planet to today. Overlay that will the value all the experts we have brought in will hopefully add and i believe 6-12months time we will be knocking on the door of 100m MCAp

And to add, our big investors would have seen that plan so you’d think if they are sticking about and increasing holdings that the plan works. Clearly we need successful drills in 2021 and if we get those, on top of a better understanding of how we can tweak existing (and future) wells to perform better after first oil, then we should be looking v.strong.

Resumption of oil production, first gas production both huge positives. Alongside this I expect the company to provide updated guidance on opex now we have the schlum field and assets, and hopefully that will present a path to profitability at a sensible oil price which as you say MP can then be used to forecast exponential growth if the numbers stack up.

I should add that I do think this company will succeed and the share price will improve, but if they want shareholders to stick about beyond the next leg up then they need to improve shareholder relations. I have no intention of sticking around beyond a certain price point (multiples of where we are now), but if shareholder relations improved I honestly think I might think twice before bailing. The easiest and most common sense approaches for a company to follow sometimes seem beyond them. Hey ho.

Just reviewing various documents on the block website. Does anyone have any insight in to the frequency of broker coverage reports? With the switch to Tennyson it still looks like Peter Krens is the main contact, moving from/with Mirabaud when the switch occurred. Be great to get updated broker report - the content from May 2019 feels very dated now in some respects, still referencing the sky high initial flow rates from 16 with less emphasis on the gas. We have somewhat of a different focus now and clearly the company has had big setbacks since this report was published. I would hope Block see the benefit of requesting that the coverage from Tennyson is updated. My attempts
to contact Block fall on deaf ears - phone calls not answered and emails ignored. Sometimes I wonder if they really care......

Thanks pal

Can someone confirm the new email address for company contact? I have info@frontera-resources.com

My thoughts exactly ODR. I was going to suggest FSG possibly reaching out to Dustin to see if an approach to him yields different results?

All I know is that if Mole is back regularly posting things are looking more positive. A beacon of knowledge and common sense.

Cheers Hepseal, am sure a logical answer will emerge in the end. I just got the sense that the speed of the transaction meant it would be bulk sales, but maybe a broker bought a chunk and is selling to smaller holders. Who knows.

Any bright sparks got ideas about where the bulk of the new shares have gone? Was expecting more TRIs.

That chink of light at the end of the darkest and longest tunnel just got brighter. I felt a degree of FRR excitement for the first time in god knows how long when i read the post about Dustin

Think that’s about 50k of shares so nothing significant vs his overall holding. Lots of fun and games in background I suspect. The TRIs over next few days will be fascinating. Hopefully Schlum