news imminent Be prepared for upcoming news from Frontera, the oil and gas exploration company operating in emerging markets. The company gave a drilling update from the Mirzaani 1 well on block 12 in the country of Georgia. Well logs indicate 146 meters of net sandstones with average porosity values of 20-25% located at seven different horizons between 1200 and 1490 meters. The company is now preparing for production testing to start imminently. A successful test should translate into increased production and cash flow for Frontera

Frr BOD r still sticking with 1000 boepd estimate by end 2009.They have repeated it yet again so they must be sure of success on that.What i found very positive was no mention of " SEDIMENTERY PROBLEMS" so they must have had a handle on that.If the reserves in Mirzani is proven as they say MORE than 50 million that will be something!!!The key change in wording is encouraging indeed ,Also Mtsare developement ongoingwe we may be in for some more positive news flow before end year. Considering all these factors sp does not present a true picture as city PI r not coceived not surprising as city is a CITY OF TRADERS and not long term investors.US holders can see the potential hence its trading at a higher premium over there.Most AIM counters have traded badly good news or bad news from October.We may be in the last leg of bad news for frr.That may be the only positive statement that can be said in the City for now. ggod luck I'll be adding to my position. G.L