This is another possible incredible winner, Could double all of a sudden, depending
on flows and future discoveries, better send off those (Wben) forms now as
this is an American Stock traded on Aim.

The same government has been reelected from what I gather, stability is good for oil stocks, nobody seems to be taking an interest in this one except me and Evil Knievel.

Sharp rise today, good news coming possibly ?

Really climbing, hope there's good news on the way !

An update must be due soon, could go either way, fingers crossed !

In all the market turmoil, this one is up at the end of the day, have they discovered a big new oil and gas field ?

And still this gets marked up, I'm praying that it's not going to come down with a bump, I'm taking a risk here.

Blimey, not used to rises like this, starting to worry me as this is nearly equivalent to an oil discovery...

Sorry to keep on putting things on here, but this is : (for me anyway) a shining star amongst the bloodbath, that it's been in the last week, hope it continues...

You are not alone and this is looking more and more promising.
Paul Curtis is a believer, and is a substantial share holder.
He knows a good thing when he see`s it.
There should be news shortly when we will know wether we are in the money or in the poor house.
I hold.
Cheers.

Yes, top performer in my portfolio over the last few days in such turbulent times.
Will keep a close eye on this one. Interesting times ahead I hope.

Thanks for your posts required field; and for drawing my attention to this one.

Thanks porky and Mr Turbot, I think they have 2 rigs drilling at the same time, so there should be quite a bit of information coming shortly.

Are we being suckered into this one.

If we are I'm already one !

Most RNS's are issued at 7 AM, but the occasional one towards close of day in London, I'm just hoping that good news is on the way, and that I might be watching when the info filters through. With 2 oilfields there really should be something positive in the next 10 days.

1 barrier now broken, nearly stock of the month I would suggest !

Probably in the top best 5 risers during January, long may it continue, an update must be coming soon, I never expected such a sharp rise before news, though this does look very promising.

Evil Knievil still going long (don't know whether he means shares or cfd's or bet spreads, ) so am I (not in his league though), praying for a good update, otherwise will get my fingers burnt though I'm in for the long haul ! , (must say this stock fascinates me, a bit unusual ).

I have just logged on to their website, (well worth a look), there could be some very good news coming soon, fingers crossed !

Probably at this stage : it is best to hold the shares themselves than cfd's or bet spreads (risky, if delays... could drop back 20p or so), but then again if the info given by this company is anything to go buy ...welll ...the sky is the limit, could take off like VOG did (sigh ! those were the days !); Evil Knievil is starting to get excited, if this comes right big time I will have to pinch myself to believe it !, (had a lot of bad luck, the last few years, so many smaller oil companies have disappointed,) perhaps I might strike lucky with this one, cheers !

This next week : could be the week when we get some news, just praying that it will be good, don't have the cfd's or spread bets which would be crazy if it goes pearshaped (funny expression), but hold plenty of the shares themselves, and it really does look like a great little oil stock, could be some delays though but I'm prepared to wait, (seems to me that apart from a couple of other bloggers I'm the only one here !).

Euhh Niceonecyril, Cynic still not interested ?, lovely views on the Caucasian Mountains if nothing else, aaaah ! so you are interested....!

I'snt this one of EK's longs.Enough said.

what are wben forms,many thanks.also plenty of comments about frr on proactive investors web site.

I think it's called a Wben form : I have signed one, it's to do with american tax, if FRR gave a dividend : you would have to pay american tax, brokers will not allow you to buy or sell this stock unless you have signed one, it doesn't cost anything and can be downloaded from a brokers website, the only thing is that it takes up to a week to process, so if you are interested in purchasing this stock you had better get a move on !

halifax : we have 2 oil fields to fall back on here if just one of them the Taribani comes right that will support the sp, if the Basin Edge play comes right well...the sky is the limit, short term it could go to 3 or 4 Pounds, so yes there is risk but the Taribani field should prevent disaster... now the question is : is it worth buying a position in FRR, well my answer is : yes, but I would not consider CFD's or Spread bets at this stage, at the moment this looks like a better bet than VOG did at the start 2 years ago and that's saying something, good luck all, it would be wonderful if this smaller oil company struck something big !, it would make news headlines across the financial world.

I may well be wrong but having read the latest and older Operations reports FRR have yet to confirm the actual discovery of oil.

They have encountered hydrocarbon shows on the lloyd 1 well (Basin edge play) and with the Taribani wells have completed two wells and have drilled into reservoirs bearing oil (Zone No9) at the T 45 well. The exact form needed is W8-ben, but you must ring them first to make sure that you are sending off the right one.

thanks for the info,i have thirty thousand invested in frr and 10k in nop and 20 k in itn.just hope everyone makes a lot of money on frr.

Could this be the week when we get some news ?, nearly 2 months since last update !

News at long last, problems with drilling, but the targets are still there, those not in might buy now as sp reacted to delays, not the time to sell !

There's a bit of a rebound now, buyers coming in, wouldn't be surprised if we see the 100p region again soon.

They sure write a great operations report 3 weeks before the next one.

Ouch !, pullback, I'm staying put, this is risky but could come incredibly right in a few weeks time !

Many people selling here today will have to break the 30 day rule if trading outside a sipp (not a good idea) if they want to get back in ; there could be an update on the Taribani field soon !

Well !, nearly back to where we started, I missed the opportunity to top up though, if this comes right the directors of the company will make a fortune !

Sharp increase all of a sudden, not sure why ?, possible Taribani update ?

Boy !, when this baby moves; it mooooves !

Closing at an all time high, I'm praying this is not going to come down with a bump, could be 2 updates coming on Taribani and Edge Basin (C prospect) coming !

Up again yesterday, really moving now !

Getting closer and closer to a major update now, hope it's good !

Looks almost like last orders here today, ding ! ding !, Evil Knievil thinks it could go to 10..., well knowing my luck...it will probably drop back...hope not...with 2 oil field updates due...surely one of them will come right...here's hoping..fingers crossed !

Quite a dive here...with no news...anybody with any information out there ?

Is it a duster?

2 updates due for 2 oilfields...which one....could be no success at all...could be that both are a success...just guess work at the moment...really a gamble with perhaps the Taribani working out fine....both a success would be incredible !

Further to my previous post....we all know about the Falklands, but this is happening now ! right now ! no less risky, so how come not many people interested ? really puzzles me !

Truly disappointing sp crash on no news that I can see...from 129p down to 78p..!what's going on ? would not not be so bad if there was some news you could react to !

I hope that this is not one of those.. that people get information before everybody else does !

Current US quote is $1.85 - $2.04 (so 93p - 102p equivalent) with last trade done at actual price of $2.00. So can only assume that the UK price is afflicted by local factors. Shares bought vs sold today are roughly equal so maybe it's market makers taking advantage of forced closure of leveraged positions now that margin calls have been raised.

Thanks Tau Ceti !...we have some news on Taribani...delays earlier but drilling coming...my only concern is moving the rig from the basin edge area...but if Lloyd 1 is a success (and that's a big if ) a lot of testing and plans for follow up will have to be drawn up !

Reading through the RNS just issued...looks like there will not be an immediate follow-up drilling of the C prospect but the rigs will concentrate on the Taribani development, as far as the C prospect what does that mean ? possibly best to make sure that funds come in from the Taribani first !, and then develop (if the lloyd 1 well is successful ) the Basin Ege (C prospect ) later. We have to hope that one of the horizons where they encountered hydrocarbons and gas is going to be worth the effort of redrilling at a later stage !

I must have spooked the market (hope not)...dropped back again !

As an investor...the Taribani field looks pretty good to me...with the B and C prospects I hope that this next RNS will say that : they have encountered oil in several horizons and are now putting to the Georgian authorities demands that they can redrill and appraise these horizons at a later stage....which would mean probably drilling from a different location.....so clearing a drilling area....gaining permission to do so and approach roads will take some time....in the meantime : drilling the Taribani South is probably the best thing to do whilst the planning and permission delays are sorted....all this is by no means sure but I'm hoping that this is going to be the likely outcome...other views are welcome !

Oh ! and a Happy Easter to all !

sp...all over the place at the moment !, weird !

No sign of any oil/gas yet.

There are signs of it ...at the Lloyd 1 well...what we don't know is if that well as an exploration well will enable FRR to be able to drill future appraisal wells or not...(though the Taribani Oil field will prevent total disaster ), this could pull back 30p or so or the sp could quite conceivably double !, in the event of hitting multiple horizons at the Lloyd 1 well !, fingers crossed....like Evil Knievil says : (who's going long by the way)..this is a gamble with massive upside. I've got to say that :this reminds me of VOG a few years back.

Agree with VOG comparison but hope history does not repeat itself!!

Well...this company seems quietly confident..so we shall see...without jumping the gun (as so to speak)...if this came right (and you have to say a big if...)..you would see a feeding frenzy like nothing else...people cursing not having filled in the W-ben forms and such....it would be like ITM and VOG with a touch of SEO of the old days.....well I can dream can't I ?...it probably won't happen knowing my luck...and will have to stick it out until the Taribani oil field is drilled.

Quite a rise today....not much else to say !

Boy !, the sp is like a yoyo....good to play in a sipp if you have the time !

Just cannot make this one out as far as sp movements are concerned....just unbelievable at times....no news yet but sp dives, why ?

rf, this post from another site cause todays drop evidently

RedorDead - 7 Apr'08 - 12:06 - 949 of 1028


Gents, the rig on Lloyd -1 is rigging down as we speak, my understanding is they have drilled 4 sidetracks and at the moment may be looking at suspending operations for the time being due to the porblems drilling the reservoiur section.

I have a contact up there and this information came out this morning, as alwys no advice. intended and DYOR

I have just read the RNS only now.....damn !...they need a new rig...I should have guessed that there were serious rig problems....thanks nite ram, but I have only just checked the updates now !.....I will have to stay put for the moment as there will be a lot more drilling to come....great time for people not already in.

Further to my previous post....it is not as bad as the sp reaction suggests....loads of drilling to come....blasted rig not working !, though I had thought of taking some profit when it was up in the 120p's....should have done...now too late...could kick myself...now we start all over again...

Well the yoyo stock is at work today : all the way down to the lower 60's now back to 76p....when they start drilling the Taribani shortly that should help the sp....I still think this one will be back to the 100p level at some stage soon !

rf, thats about all that has happened - our current rig is not man enough to drill the
cretaceous outer layer, so a more suitable rig has been ear marked for June to drill
the last 3/400m. I agree this will soon be back to 100p +
Still a great investment imv just need plenty of patience

What happens to the sp if it proves to be a duster?

halifax...every oil company will always have the risk of a well turning out to be a duster....this company can fall back on the Taribani oil field which is proven....I'm staying put at the moment....look at VOG,AEX,MRS,EEN....they all are a little bit risky but if they come right .....zooooom !

...... and if they dont? FRR has been living on a promise for too long, nothing tangible to show for all the hype so far.

We shall soon see with the Taribani oil field to be drilled next !

My favourite yoyo is at it again !.....remember those rubber balls that you would lose immediately no sooner had you bought them ...!

You cetainly need balls to own this stock!

Shame I haven't got this in a sipp....because you could navigate the ups and downs here !,. We need a little bit of luck with the drilling bit now !.

Up again....how about a takeover bid from Dragon Oil....that would be interesting...same part of the world !

I'm a pinball wizard etc....

Good update...patience once again is required...bring on the new rig....I wonder what price this stock will be by Christmas ?...time will tell !

Another good update....things coming together at long last....they will be now drilling well after well...interesting times for FRR !.

Oh this stock ! up and down all the time !

Starting to come together this stock now !, sp reacting likewise !.

At an all time high now....more to come (I hope) !.

Good day for the sp....oil at an all time high must be helping !

An update must be coming soon.....just topped up....probably for the last time....very overweight on this stock....hope I got it right !.

EK has got it wrong on FRR being long...he is not very good on his longs. 101p now.

Nothing has changed here....the whole market is down the spout at the moment...I topped up at the wrong time....but mark my words....this has potential...risky I must say (political) and the possibility of dry wells now and again...but overall ...should come right.

i thought u didnt do political stuff

90p and still looking fragile.

In keeping with the rest of the stockmarket.....very difficult to predict this one and "RNS's" can have a huge impact !.

Just noticed after I wrote the last blog...CEO buying shares...that's good !.

Shares up.....hostlities open.....hope the war zone does not come near them....!.

RF,

It should be contained and over quickly, IMO.

South Ossettia may not belong to Georgia in the future though!

Very worrying situation now, these crazy Russians will end up blowing up the main pipeline to Turkey......oil will then jump $30 in one go....Bush could end up by sending a carrier force soon...the Ruskies are looking for trouble big time !.

estonia, poland, lithuania and latvia also sent note of major concern about russia...........just read putin speech where he wants ex cccp countries ie. ukraine, belarus, georgia etc under russia again..........oh dear, russia still thinks it can bomb and bully and rape people.....nothing much has changed in 100 years from these sickening brutal people.

i did say req field a few weeks ago when u mentioned last depression in 30s that we had stalin etc.......well we have probably someone similar if not scarier now in putin..........this could turn into a european war and usa may be foolish by trying to appease russia with iran issue as it could be too late by then

jes, if russia take over georgia and iran thing takes off, west has virtually nothing.....oil will go to 300$ as opec predicted

There is a RNS on FRR's website saying that operations are continuing as usual !.

As usual???


UK smallcap opening - Frontera Resources down on drilling delay - AFX


LONDON (Thomson Financial) - A disappointing operations update robbed Frontera Resources of 11 pence, at 70 pence.

Since April, the oil & gas explorer and producer has been working to return to drilling operations as soon as possible at the 'C' Prospect. However, it has encountered delays associated with obtaining the required drilling equipment in the current oil price environment.

Not the same RNS, well, patience is required once again....the 3rd and 4th quarters are not that far away, they call the C prospect "giant", this should come right sooner or later.....as long as the pain in the neck Russians are kept at bay !.

cant see that happening req field.......they want ukraine as their gold medal....but georgia is 1st on hitlist.....they want old soviet union back....well putin does anyway so unless u have ideas of getting rid of him, then his idealistic views will remain

was watching russians burning down some poor old georgian guys house on tv last night.......was one of many from reports on tv......they'll be raping the women too knowing what russian men r like as they r notorious for that

If they (the Russians) go any further the Americans will arrive,.....and there will be trouble....coming back to this unusual oil company : they do have a lot of different prospects and possibilities so I really think we could have a 3 stock here....but in time.....as long as they keep on drilling and completing wells and preparing to redrill the "C prospect" that's allright with me....now, if you ask me what the sp will do in the short term : I would not like to guess, but at the moment I'm remaining in for the long haul....same with RIFT.

sp wise....was it something I said ?....gone down now !.

The Americans will not get involved apart from criticising verbally...they got enough in their hands dirty in Iraq and Afghanistan already. Furthermore Russia is a super-power.

Perhaps not but they might supply portable anti tank missiles and stingers....to the Georgian forces....what we need is peace in the region, politicians are to blame for this small conflict, I just want FRR to get on with the drilling !.

sorry req........russia have spies in countries now to do with energy......and as i say, putin wants georgia etc back......also ukraine will come under his radar again soon.....and putin shows no mercy

the russians r still there.....dont seem to be budging.......ukraine could be next on hitlist.....although russia did ay they wanted to nuke poland last weekend in news.

not surprised to see this down much further in last few days........cant see georgia situation easing for a long time....... in fact i imagine whole region to be nervous for many years to come

oh dear............

Russia threatens new confrontation over Georgian provinces
A fresh confrontation between Moscow and the West was looming after Russia announced that it was preparing to recognise the independence of the two Georgian breakaway regions of Abkhazia and South Ossetia.

By Adrian Blomfield in Tbilisi
Last Updated: 7:58PM BST 20 Aug 2008

Previous1 of 2 ImagesNext A Russian tank passes by a huge portrait of Russian prime minister Vladimir Putin as it passes through Tskhinvali, South Ossetia Photo: EPA
Russia has indicated that it was no longer prepared to honour UN edicts on the breakaway provinces of Abkhazia and South Ossetia Photo: GETTY
The State Duma, Russia's parliament, has been recalled and will meet in emergency session on Monday to debate an Abkhaz appeal for immediate recognition of the region's sovereignty. The South Ossetian rebel leader, Eduard Kokoity, said he would follow suit imminently.

Russian acquiescence to the proposals would inevitably mark a serious escalation of the crisis in the Caucasus by further undermining a fragile ceasefire in the area and creating a fresh diplomatic rift with the United States and Europe.

Since the fall of the Soviet Union, Russia has signed 14 United Nations Security Council resolutions upholding accepting that Abkhazia and South Ossetia remain part of Georgia despite establishing rebel administrations after secessionist wars in the early 1990s.

But after crushing Georgia on the battlefield, Russia has indicated that it was no longer prepared to honour UN edicts on the breakaway provinces. Earlier this week, Russia's foreign minister Sergei Lavrov told the world to "forget" about Georgia's territorial integrity.

Moscow is now signaling that it will move much quicker than expected in formally recognizing the two regions.

Sergei Mironov, speaker of the Duma's upper house or Federation Council, said a vote on recognition would be overwhelmingly passed.

"The Federation Council is ready to recognize the independent states of South Ossetia and Abkhazia if that is what the people of these republics want," he said.

There can be little doubt that the legislators who sit in the Duma, whose independence from the executive was removed by the prime minister Vladimir Putin, will vote as they are ordered.

Recognition can only be made with the agreement of President Dmitry Medvedev. He has already said that he would "unambiguously" support independence for the two provinces.

Such a move would place tremendous strain on the fragile French brokered truce that ended the five-day war last week. Georgia has insisted that it would not tolerate losing either province, while the international community has repeatedly insisted that the country's borders would not be changed.

Russia, which has long given financial and military backing to both South Ossetia and Abkhazia, has accused the West of hypocrisy in supporting independence for Kosovo but opposing sovereignty for the two regions.

The West has argued that Kosovo was a special case, in large part because of its overwhelmingly Albanian majority. The Abkhaz have only become a majority in Abkhazia after 300,000 ethnic Georgians were forced to flee their homes during a brutal war in the early 1990s. Ossetians are a majority in South Ossetia, but the tiny province - roughly the size of Norfolk - has many ethnic Georgian villages too.

The development came as the focus of diplomatic pressure on Russia switched from the United States to Europe, with Britain, France and Germany all condemning Moscow for reneging on pledges to withdraw its troops from Georgia.

While 40 empty army lorries were seen heading back across the Georgian border, there was no sign of a large-scale withdrawal and in many parts of the country Russian troops continued to dig themselves in.

Fed up with Russia's recalcitrance, David Miliband has warned the Kremlin that it faced serious consequences for its invasion of Georgia even if it does finally honour repeated pledges to its withdraw troops.

"Withdrawal is the first step but that doesn't mean that we forget about what has happened," the Foreign Secretary said in Tbilisi. "The sight of Russian tanks in a European city has been a chilling one." France accused Russia of breaking its word on a pullout three times, while Germany described Moscow's apparent prevarication as "very unsatisfactory".

Mr Miliband also condemned Russia's attacks on Georgia's civilian infrastructure, accusing Moscow of seeking to command international respect in a "very Cold War way".

The russians have a damn cheek !, I wonder what they would they would say if a so called region in their country was supported by foreign powers, they only seem to recognise force.....anyway the americans are starting to come....unloading help in a Georgian port...perhaps we might have peace at long last !.

russia are staying on poti which is main place for transport of oil.....strange that eh. anyway, usa are to pre-occupied with iran, afghanistan, iraq etc which is maybe another reason why russia are now moving into europe again.

watch out for ukraine next requoired field.....russia r giving them russian passports in last few weeks........they did that to south ossetia 5 years ago!!!

yes, russia bully, rape and use violence......they never seem to change in life no matter what time in history one looks at.
one thing russia doesnt like is soft people.........they will stand on your throat if they sense softness.......thats why main western powers need to stand up to them.

there may be peace as such but this whole region is going to be tense for many years now at least.

Just hoping that FRR can get on with a possible fantastic strike with the "C Prospect" !.

SELL FRR - 58p now. Georgia is a place to avoid now as activities on the onshore Kura Basin situated between the Caspian Sea and the Black Sea in the nations of Azerbaijan and Georgia will be likely to stall. Very, very risky.

This is getting more serious in the region where FRR is operating...


Tuesday September 9, 2008


Russia plans 7,600 force in Georgia rebel regions
By Conor Sweeney and Oleg Shchedrov

MOSCOW (Reuters) - Russia announced plans on Tuesday to station about 7,600 troops in Georgia's separatist regions, more than twice the number based there before last month's war and a level likely to alarm the West.

Russian Foreign Minister Sergei Lavrov said troops would stay in South Ossetia and Abkhazia for a long time to prevent any "repeat of Georgian aggression".

Moscow's intervention in Georgia last month, in which its forces crushed an attempt by Tbilisi to retake South Ossetia, drew widespread international condemnation and prompted concern over the security of energy supplies.

Russia agreed on Monday to withdraw its soldiers from areas outside South Ossetia, and the second breakaway region of Abkhazia, within a month, but troops inside the two regions were not explicitly mentioned in the French-brokered deal.

Briefing Russian President Dmitry Medvedev on talks with the separatist leaders, Defence Minister Anatoly Serdyukov said: "We have already agreed on the contingent -- in the region of 3,800 men in each republic -- its structure and location."

Russia angered the West last month by recognising Abkhazia and South Ossetia, which threw off Tbilisi's rule in separatist wars in the 1990s, as independent states. Nicaragua is the only other state to have recognised their independence.

Lavrov also met the two separatist regions' foreign ministers on Tuesday to formally establish diplomatic ties, a step likely to further irritate Western governments.

Asked at a news conference how long Russian forces would stay in South Ossetia and Abkhazia, Lavrov said: "They will be there for a long time, at least for the foreseeable period. That is necessary to not allow a repeat of Georgian aggression."

PEACEKEEPING FORCE

Russia has said it was morally obliged to send in its military last month to prevent what it called a genocide in the separatist regions by an aggressive Georgian government.

Before fighting broke out in Georgia last month, Russia had a peacekeeping force of 1,000 servicemen in South Ossetia and a contingent of about 2,500 in Abkhazia. They were operating under a peacekeeping mandate dating back to the 1990s.

Russia has welcomed the European Union's role as a mediator over Georgia but in sharp contrast, it has accused the United States of contributing to the conflict by arming Georgia and failing to rein in its leadership.

Russia's Foreign Ministry said the White House's decision to rescind a draft agreement on civilian nuclear cooperation with Russia was "mistaken and politicised."

U.S. Vice President Dick Cheney, who visited Georgia last week to show solidarity with the ex-Soviet state, said in Rome on Tuesday that the international community was united in deploring Russia's military action.

LIMITED RESPONSE

Both the European Union and the United States have warned Russia it could face serious consequences over its actions in Georgia, but the scope for punitive measures is limited.

Europe depends on Russia for more than a quarter of its gas supplies and Washington needs Russia's cooperation in efforts to curb Iran's nuclear ambitions.

After four hours of talks outside Moscow on Monday, Medvedev and EU leaders led by French President Nicolas Sarkozy agreed that Russian forces in buffer zones outside South Ossetia and Abkhazia would pull back within a month.

They are to be replaced with an international monitoring force which will include a 200-strong EU contingent.

Questions remain about Russia's dominant role inside the two separatist regions, where most residents hold Russian passports.

The fighting in Georgia worried energy markets because it was waged near the route of an oil pipeline that can pump up to 1 million barrels of crude per day from the Caspian Sea. The pipeline is favoured by the West because it bypasses Russia.

The International Court of Justice in the Hague, the highest United Nations court, this week began hearing Georgian allegations that Russian violated the human rights of ethnic Georgians in the separatist regions.

Anatoly Nogovitsyn, deputy head of the Russian military's General Staff, said Russia had nothing to hide.

"At this trial, our position is calm and dignified," he told foreign military attachees. "I am firmly convinced that the Russian Federation took the only right decision."

FRR is risky but it is operating hundreds of miles away from the 2 regions......I have no doubt that the taxation in Georgia will rise due to this brief war but hopefully peace is here now even though both parties will be on edge.....the oil prospects are good....looking back...I should have taken some profits....now I am in for the long term....I really can't see the Russians bombing the pipelines or anywhere near where Frontera operates in the forseeable future....a risk FRR is but a there is a hell of a lot of upside !.

Got this right...now 50p...I guess the Palin lady is probably helping me as she is causing tension with Russia.

FRR is getting riskier now.

Might be a good time to buy in !,......If the Russians made another move there would be a major war and then the hole black sea and caspian sea area would be in a turmoil.....BG.,BP....DGO....etc...loads of big firms all around that area would be stuffed, not just FRR...so to my way of thinking this is an unjustified drop, a bit like KMR's the other day....operations are on going, though delays will be inevitable !.

Where is "evil" to advise us on this one?

At my last look on t1ps.com, he was still going long....for all the oil stocks we need an oil price rise.....never met a year like this one ; a rise up to $147 really over the top....followed by a ridiculous overdone drop to the present levels !.

Evil is dead wrong on FRR

It would appear evil is not so good at longs, but I think he should at least give a comment when he gets it wrong. Too many tipsters never own up to their mistakes.

True, but all oil stocks have suffered in the market turmoil......patience !.

Good clear the air case won today...never very good for a small stock's sp when a case is pending and they have won $85000 in expenses !.

Nice move lets hear from evil.

Another good result, if only oil would rise !.

Some good news for a change !.

FRR in the doldrums

Yes EK really got this one wrong.

4 well update imminent from goergia ,1 week for each well started middle of march.50-60p oversold and crazy mkt cap 13m.volume building each day.

director paid 25p for a 100k in dec.since a new discovery and 4 well update imminent adding everyday.50-60p

courtesy of ghhgh on advfn frr talk that they have cracked flow problems for thier 1.2m barrel discovery @ tirabi field

on the move

looks like drill results or yankee seller gone.either way a major rise

looking good

nearly a months volume in 4 hours

....and then..................

EK confims he has lost 750k on this one so far.

haha.....so it proves he's crap at picking a share to do well.....in fact he's bloody awful by looks of this

what of our Grim Reaper?
and true commiserations to all holders.
regards
jkd

picking a share in area near georgia is asking for trouble. the russians will be there for years

The Russians are nowhere near where they are drilling but the amount they have spent in the last year or so is alarming....when on earth are they going to finish drilling the "C" prospect ?, not one of my best picks this one and yet further down the line : production should increase, disappointing this one that's for sure !.

u must have lost almost all money by now judging by graph!!!

My worst stock by far.....others are doing far better.

This is the thread to follow...we are up to 142 blogs...

sorry about that rf webcast ready to start.5k max buy now online and more volume today.heavy rumours regards mirzani 2 rf.

Hope so...I'm still in at a bad loss....can't believe myself that I did not take the profts when I should have....hoping for a recovery...

rf nicandros have promised an update about 2009 production.webcast starts at 4pm agm houston 4pm bst.i think mirzani 2 is massive hit the hint was in the rns today extending the licence untill 2017 this is a massive recovery stock.priced too go bust yet they would needed too have proven cash for licence extension for goegia government approval.remember we have cash coming from from our court award from over a year ago.this is a no

rf i expect this too open up high in the morning,hopefully mkt update regards mirzani 2.yanks will get 1st hit 2nite.good luck

rf wonder if we might get rns update today.regards agm still saying they are looking at a farm in,i just wonder if arbitration settlement of 20m from GAC could be pivotal as no fund raising mentioned.we wait and wonder.the 20m settlement from GAC at arbitration was last october no news regards this a 4-5xbagger with that settlement recieved plus mirzani 2 update anytime could be a multi-bagger.just a waiting game.good luck

rf get some enegi oil/ENEG massive news today mkt not got hold of the importance yet.PDIP subsidiary now trading again.

This ones making the effort on small volume at the mo, but am in profit.....

Sp increase might be due to production taking off...this company is a mixture of small reliable "nodding nelly's"....and some tremendous possible exploration assets....could be EK topping up !...

EK certainly needs to as he like many punters are losing a fortune on this one!!

good increase today ....

EK is crap at tipping winners, he's only good at shorting

This is the thread, 150 posts plus on this.

sorry recquired field i only saw the other 2 which were well out of date .todays hybridan report is out and news expected very soon

from hybridan wrap 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 is yet another EK/t1ps dud, they should stick to shorts.

I think that this is starting to look undervalued...the next update could be a very good one....

i agree rf and news anyday . AWESOME RNS from FRONTERA!!! The highlights:
1) Almost 600 boepd of natural gas production ready to come on line in early 2010
2) They continue to think 1000 boepd is doable short term
3) The second Mirzaani well hit total depth this week. This well was drilled in the southeast section. Completion and testing in 2 weeks. This well showed what they thought it should including some oil shows.
4) The next Mirzanni well will start next month. This one is back in the new field extention (northwest). This is designed to appraise the discovery.
5) 4 wells plus ongoing workovers at Mtsare Khevi. Gas wells are now production adders, so they don't have to rely just on the oil layers
6) Reserve updates to come after the work is finished.
7) The 50 million in recoverable that they have been talking about at the two shallow fields has quietly been changed to "over 50 million"
8) Costs continue to decline. Their actual cash costs last month for ongoing operations seem to be around $6 million a quarter. That should continue to drop as they continue to work costs. Most of it continues to be SG&A.
9) Another $1.7 million from the stock sale hits the balance sheet in Q4. Oil sales in Q4 will be $2.4 million. So right there you can see the total cash usage for Q4 will be under $1.9 million
10) They have $9 million in MSTARS investements. This is not counted in short term cash, but it is real money even though some auctions have failed for MSTARS. The $9 million reflects a writedown from face value.
11) I can't find any reference to "Going Concern" anymore. Either I missed it, or the accountants are satisfied that the company has its cash situation handled for at least 12 months. This is very good news.

....So, there you go. Do the math on seeing 1000 boepd coming on line by early 2010 and the company should be cash flow positive. And they still have cash available from MSTARS and the warrants if they are exercised.
....And of course, the most important thing is that the company is heading straight toward a 50+ million reserve estimate in the fairly near future (not guaranteed of course, but derisked a lot). To me, that means a valuation for the company of over $1 billion....and that does not even count Tarabani or Basin C!!

i bought 37k today adding

My thoughts. Cash drain is bad, not as bad as on the surface, but it's bad. If they're able to ramp up production to 1k boepd that would definitely help.

What I see as a possibility that I haven't seen remarked on yet is that frte announced they'll be going for an updated reserves estimate for the shallows. If there's a decent upgrade in the estimates and probabilities, that would increase their options.

Wouldn't be surprised if they calculated how much cash they'd need to complete the current shallows projects and that's where the amount of the execs'/directors' shares purchased came from. The projects' parameters were probably determined in conjunction with what the reserves engineers said they'd need for data to perform a significant increase in the estimates.

Basically, my thinking is that they funded just enough so that they could do the work necessary to get an increased reserves number for the fields. Once they have the projects' work done, they'll turn turtle with expenses while the estimates are reworked.

Once the reserves estimates are increased along with the probability factor, they'll then be able to issue a secondary at a higher share price to fund the next phase of field development. As more wells are brought online, there'll be an eventual tipping point where they'll become cash flow positive and won't need to float additional secondaries.

That's what I think the plan is.

upside hear is massive 50-100p in about 60-90 days they are complaining about cash burn when they should not.

1) If you look at the Q3 earnings statement almost everything is non-cash. Everything after operations is non-cash (even interest expense which is currently paid with more convertible debt). Within operations, depreciation and asset writedowns are non-cash. So, the only cash costs are field operations and General and Administative. But, even General and Administrative is partially non-cash. They don't break it out, but they have been averaging $1.2 million per quarter in non-cash stock compensation (part of G&A). So their operational cash expenditures are field operations plus G&A minus non-stock compensation. So that is 6.1-1.2 or $4.9 million. Also, if you look at one of their posts on Motley Fool, I think they are double counting G&A expenses. They add in G&A to operational expenses, and the Q3 report shows operational losses after adding in G&A.

2) At 250 bpd and $80 oil, their revenues on average are $2.2 per quarter. So, that makes their true snapshot quarterly operational cash burn at $2.7 million

3) They are still reducing costs and increasing production (hopefully the new wells at Mirzaani add in soon). So, that $2.7 million may be closer to $2 millon in Q4.

4) They also still have some cash from the stock offering coming. It was $1.7 million if I remember correctly. That drops Q4 cash burn to around $300K (although the $1.7 million is a one-time injection).

5) So, Q4 operational burn is negligible. And it is definitely not the huge number that the Motley Fool crowd is talking about. I mean, almost zero is a far cry away from over $10 million! :)

6) The pipeline is supposed to be complete early Q1 2010. They indeed get a decent price for the natural gas. I forget exactly, but it is closer to $80 per BOE than $40 per BOE. So, early Q1 2010...say around 65 days from now, the company should be generating cash flow from operations just like the CEO has been saying.

7) Now look at the cash on hand. They have a little over $1 million in working capital. They also have $9 million in MSTARS. So, they have access to $10 million for capital expenditures over the next 65 days or so (before operating cash flow kicks in).

8) Also, did everybody forget about the warrants?? Warrants were issued as part of the "units" in the last financing. There are 46 million of them at 25 cents a share. That means if all of them are cashed in, the company gets an additional $11 million!!!! So, there is the stock issue, there is no need for a secondary right away.

9) Assuming the long term debt converts at the current higher conversion price (not necessarily a good assumption), the total outstanding after all of this is 220 million shares. Not bad considering 150 million was what most were using prior to the crash, and with 220 million outstanding the company is in much better fiscal and operational shape.

10) The talk of restructuring the long term debt does not necessarily mean a debt for equity swap. The company should have access to reserve based lending with a significant reserve boost. The company may be thinking of taking out straight debt and paying down some of the convertible debt as well as add to capital expenditures.

11) If they do a debt for equity swap, it really does not matter too much as long as it is significantly above the current stock price. I mean really, going from assuming 220 million outstanding to say 320 million outstanding shares does not mean much if the shackles finally come off and the company gets going on developing the best lease in the world (IMHO).

12) Seriously, reading what they say, it really looks like this company is going to have 50 million in proved reserves booked within the next 90 days (maybe more). That is what 3 wells on Mirzaani are for and Mtsare Khevi already has many more. Maybe it is not 50 million to start, but it will be proved reserves, not "estimate reserves" like we have been getting from them for years. The net present value of 50 million oil barrels is over $1 billion. That implies a much higher stock price. Also, I am no expert, but with a $1 billion asset, this company should be able to do some serious reserve-based lending

....I don't get the current stock price.

my buy today 01/12/2009 12:24:02 9.85 37,312 O 3,675.23
01/12/2009 10:55:44 9.85 8,283 O 815.88
01/12/2009 08:07:49 10.20 6,712 O 684.62

Tuesday, December 1, 109

Announces Operations Progress at Shallow Fields Production Unit

Shallow Fields Production Unit

Since September, progress has been made in executing the work programs and gas-sales related infrastructure investments announced in connection with the company's September equity placement. These activities are aimed at increasing oil and gas production from the Mirzaani and Mtsare Khevi fields, two of four undeveloped fields within the Shallow Fields Production Unit. Frontera believes that successful completion of these work programs will increase Frontera's total daily production in Georgia to as much as 1,000 barrels of oil equivalent per day (boepd). Current daily production is approximately 250 barrels of oil per day.

At the Mtsare Khevi Field, the next phase of drilling operations began as planned in September and is scheduled to be completed prior to year end. Three of four new planned wells were drilled, completed and placed into production in continuation of the development drilling campaign that commenced in August 2008. The fourth well is expected to be completed in December, which would bring the total wells drilled in the program to 18. Ongoing work is designed to develop both oil and gas reservoirs associated with the Akchagil formation, situated between 200 meters and 350 meters in depth.

Oil production operations are currently focused on maintaining and increasing current daily production rates. To mitigate anticipated natural well decline rates and enhance the low recovery characteristics of the Akchagil's oil bearing reservoirs, investments are also underway to implement pump optimization programs, waterflood and frac-stimulation initiatives prior to year end. Current daily oil production is approximately 100 barrels per day from eight of the wells drilled to date and these production engineering initiatives are expected to help maintain and increase production from month to month.

The remaining nine wells are classified as gas wells, and efforts to commence gas production and associated sales from these wells are also underway. Current plans call for installation of new infrastructure for the transportation of as much as 100,000 cubic meters of gas per day (589 boepd) to a pipeline within twelve kilometers of the field. This work is expected to be completed early in the first quarter of 2010.

At the Mirzaani Field during the month of October, the Mirzaani #1 well commenced drilling in the underdeveloped southeastern portion of the field and reached a planned total depth of approximately 1,500 meters during the second week of November. While drilling, the well encountered multiple known field reservoir horizons associated with the Lower Pliocene age Shiraki formation between 1,000 meters and 1,500 meters, as well as multiple associated oil shows. An eighteen meter core sample was taken in one of these reservoir horizons in order to provide a fresh understanding of the field's reservoirs. Open-hole logging operations are currently underway, and once associated analysis is complete, the well is expected to be completed and tested in approximately two weeks.

Frontera's next well at the Mirzaani Field, the Mirzaani #5, is planned to commence in early December at a location situated in an undeveloped area of the field known as Mirzaani Field Northwest. The well is expected to reach a total depth of 1,250 meters by the end of December and is located 600 meters northwest of the Mirzaani #2 discovery well that Frontera drilled earlier this year. The new #5 well is planned to appraise the recent field extension discovery.

While technical complications associated with cementing and completion of the Mirzaani #2 well have prevented sustained production from being achieved, the data obtained from the well established the presence of potentially significant undeveloped oil reserves in both the previously undeveloped Mirzaani Field Northwest area and in the Mirzaani Field proper. This data provided the technical basis for drilling both the #1 and #5 wells.

Based on analysis of programs to date at both fields, Frontera estimates the two fields contain over 50 million barrels of prospective resources within the Shallow Fields Production Unit. New reserve reports are expected to be completed following the current work programs.

Frontera's Shallow Fields Production Unit is located in the central portion of Block 12 and represents what the company believes to be an extensive trend of low-cost, low-risk undeveloped oil and gas reserves. Containing four discovered yet undeveloped or underdeveloped fields that have additional exploration potential, objectives are considered to be traditional, well-known reservoirs of Pliocene and Miocene age that are situated at depths from 10 meters to 1,500 meters.

does the chart lie?

volume building and up 20% in usa overnight

3v1 and 25k@ full ask

OH god another newsflash!!

http://www.earthtimes.org/articles/show/frontera-resources-announces-drilling-update-at-shallow-fields-production-unit,1060388.shtml

order filled now 37k@9.85+50k@9.75 fully loaded and hybridan aim wrap says flow rates imminent and mirzaani-5 starting this year.onwards and upwards 1000 bop

directors filling thier boots before flow rates Fri 25 Sep 2009
LONDON (SHARECAST) - Coal mine developer GCM Resources non-executive chairman Gerard Holden has bought nearly 45,000 worth of shares in the company.

He took 50,000 at 89p a time. The shares closed at 92p going into the weekend.

GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from the South Asian countrys government.

Directors at the firm are to be given shares if certain milestones are achieved, including approval for the project. Holden is to receive 100,000.

Top Director Buys

Symphony International Holdings (SIHL)
Director name: Mr Pierangelo Bottinelli
Amount purchased: 275,000 @ $0.47
Value: $129,250

Frontera Resources Corporation (FRR)
Director name: Mr Stephen E McGregor
Amount purchased: 560,925 @ 11.00p
Value: 61,702

Frontera Resources Corporation (FRR)
Director name: Mr Andrew J Szescila
Amount purchased: 560,925 @ 11.00p
Value: 61,702

Frontera Resources Corporation (FRR)
Director name: Mr Luis Giusti
Amount purchased: 560,925 @ 11.00p
Value: 61,702

Frontera Resources Corporation (FRR)
Director name: Mr Spyros N Karnessis
Amount purchased: 560,925 @ 11.00p
Value: 61,702

Frontera Resources Corporation (FRR)
Director name: Mr Lan Bentsen
Amount purchased: 420,694 @ 11.00p
Value: 46,276

this is one load of bullshit that does not baffle brains!

mind the french please update in the twinkle of an eye.50-100p in 90 days

just another candidate for the "squelch" button as far as we are concerned, we wonder how many of these sort of guys work for tip sheets?

ex Corgi - i.e. boiler-room operatives

Do you think he or she knows what bullshit looks like.......I could show him/her....

Wednesday, December 02, 2009
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News

* Press Releases
* Presentations

Frontera Resources Retains SMH Capital for Capital Markets Advisory and Trading Liquidity Services and Designated Advisor for U.S. Disclosure
Frontera Resources Corporation (London Stock Exchange, AIM Market Symbol: FRR; OTCQX Market, U.S.A. Symbol: FRTE), an independent oil and gas exploration and production company, today announced that it has entered into a formal agreement with SMH Capital Inc., the broker-dealer subsidiary of Sanders Morris Harris Group (NASDAQ: SMHG), to serve as the Investment Bank Designated Advisor for Disclosure (DAD) in connection with Fronteras OTCQX listing.

In a separate agreement, Frontera engaged SMH Market & Liquidity Services LLC, an affiliate of SMH Capital Inc., to provide capital markets advisory, strategic investor communication, in-depth company research and analysis, and trading monitoring and services.

Frontera Resources began trading publicly in March 2005 on the London Stock Exchange's AIM Market, which remains the Company's primary securities market, under the symbol FRR and with Morgan Stanley & Co. International plc as its Nominated Advisor (NOMAD). The Company began quotation on the OTCQX market in February 2008 to provide enhanced exposure, trading visibility and liquidity in the U.S. capital markets via the premium OTCQX trading, quotation and disclosure platform.

Steve C. Nicandros, Chairman and Chief Executive Officer, commented:
As part of our ongoing effort to enhance Fronteras exposure to worldwide financial markets, we are very pleased to announce this new relationship with SMH Capital. We believe their extensive expertise will enable our company to increase its visibility to U.S. investors and effectively allow our business to reach a broader investor base."

http://www.smhcapital.com/news_pressrelease.aspx?newsid=77

very strange yesterday hybridan piece about imminent news has vanished Hybridan's Small Cap Wrap - 30-11-09 - interactive investor
- 2 visits - 1 Dec
30 Nov 2009 ... Frontera Resources Corporation (FRR) [10.25p/13.51 million] ... Crucially, finance director Ian Sunter told Hybridan he believes that

1) Almost 600 boepd of natural gas production ready to come on line in early 2010
2) They continue to think 1000 boepd is doable short term
3) The second Mirzaani well hit total depth this week. This well was drilled in the southeast section. Completion and testing in 2 weeks. This well showed what they thought it should including some oil shows.
4) The next Mirzanni well will start next month. This one is back in the new field extention (northwest). This is designed to appraise the discovery.
5) 4 wells plus ongoing workovers at Mtsare Khevi. Gas wells are now production adders, so they don't have to rely just on the oil layers
6) Reserve updates to come after the work is finished.
7) The 50 million in recoverable that they have been talking about at the two shallow fields has quietly been changed to "over 50 million"
8) Costs continue to decline. Their actual cash costs last month for ongoing operations seem to be around $6 million a quarter. That should continue to drop as they continue to work costs. Most of it continues to be SG&A.
9) Another $1.7 million from the stock sale hits the balance sheet in Q4. Oil sales in Q4 will be $2.4 million. So right there you can see the total cash usage for Q4 will be under $1.9 million
10) They have $9 million in MSTARS investements. This is not counted in short term cash, but it is real money even though some auctions have failed for MSTARS. The $9 million reflects a writedown from face value.
11) I can't find any reference to "Going Concern" anymore. Either I missed it, or the accountants are satisfied that the company has its cash situation handled for at least 12 months. This is very good news.

....So, there you go. Do the math on seeing 1000 boepd coming on line by early 2010 and the company should be cash flow positive. And they still have cash available from MSTARS and the warrants if they are exercised.
....And of course, the most important thing is that the company is heading straight toward a 50+ million reserve estimate in the fairly near future (not guaranteed of course, but derisked a lot). To me, that means a valuation for the company of over $1 billion....and that does not even count Tarabani or Basin C!!

hydriband says news esterday/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 Fronteraanytime/ Operations Update

Shallow Fields Production Unit

Since September, progress has been made in executing the work programs and gas-sales related infrastructure investments announced in connection with the companys September equity placement. These activities are aimed at increasing oil and gas production from the Mirzaani and Mtsare Khevi fields, two of four undeveloped fields within the Shallow Fields Production Unit. Frontera believes that successful completion of these work programs will increase Fronteras total daily production in Georgia to as much as 1,000 barrels of oil equivalent per day (boepd). Current daily production is approximately 250 barrels of oil per day.

At the Mtsare Khevi Field, the next phase of drilling operations began as planned in September and is scheduled to be completed prior to year end. Three of four new planned wells were drilled, completed and placed into production in continuation of the development drilling campaign that commenced in August 2008. The fourth well is expected to be completed in December, which would bring the total wells drilled in the program to 18. Ongoing work is designed to develop both oil and gas reservoirs associated with the Akchagil formation, situated between 200 meters and 350 meters in depth.

Oil production operations are currently focused on maintaining and increasing current daily production rates. To mitigate anticipated natural well decline rates and enhance the low recovery characteristics of the Akchagils oil bearing reservoirs, investments are also underway to implement pump optimization programs, waterflood and frac-stimulation initiatives prior to year end. Current daily oil production is approximately 100 barrels per day from eight of the wells drilled to date and these production engineering initiatives are expected to help maintain and increase production from month to month.

The remaining nine wells are classified as gas wells, and efforts to commence gas production and associated sales from these wells are also underway. Current plans call for installation of new infrastructure for the transportation of as much as 100,000 cubic meters of gas per day (589 boepd) to a pipeline within twelve kilometers of the field. This work is expected to be completed early in the first quarter of 2010.

At the Mirzaani Field during the month of October, the Mirzaani #1 well commenced drilling in the underdeveloped southeastern portion of the field and reached a planned total depth of approximately 1,500 meters during the second week of November. While drilling, the well encountered multiple known field reservoir horizons associated with the Lower Pliocene age Shiraki formation between 1,000 meters and 1,500 meters, as well as multiple associated oil shows. An eighteen meter core sample was taken in one of these reservoir horizons in order to provide a fresh understanding of the fields reservoirs. Open-hole logging operations are currently underway, and once associated analysis is complete, the well is expected to be completed and tested in approximately two weeks.

Fronteras next well at the Mirzaani Field, the Mirzaani #5, is planned to commence in early December at a location situated in an undeveloped area of the field known as Mirzaani Field Northwest. The well is expected to reach a total depth of 1,250 meters by the end of December and is located 600 meters northwest of the Mirzaani #2 discovery well that Frontera drilled earlier this year. The new #5 well is planned to appraise the recent field extension discovery.

While technical complications associated with cementing and completion of the Mirzaani #2 well have prevented sustained production from being achieved, the data obtained from the well established the presence of potentially significant undeveloped oil reserves in both the previously undeveloped Mirzaani Field Northwest area and in the Mirzaani Field proper. This data provided the technical basis for drilling both the #1 and #5 wells.

Based on analysis of programs to date at both fields, Frontera estimates the two fields contain over 50 million barrels of prospective resources within the Shallow Fields Production Unit. New reserve reports are expected to be completed following the current work programs.

Frontera's Shallow Fields Production Unit is located in the central portion of Block 12 and represents what the company believes to be an extensive trend of low-cost, low-risk undeveloped oil and gas reserves. Containing four discovered yet undeveloped or underdeveloped fields that have additional exploration potential, objectives are considered to be traditional, well-known reservoirs of Pliocene and Miocene age that are situated at depths from 10 meters to 1,500 meters.

just added 74575 mm,s split it 50k on lse and 24575 on plus why.update is close and 1000 boep has been surpassed

great chart too

nine days since hydriband news anyday 35-40p

HOUSTON, TX -- 11/24/09 -- Frontera Resources Corporation (AIM: FRR) (OTCQX: FRTE), an independent oil and gas exploration and production company, today announced an update of drilling operations at the Mirzaani #1 well that is currently drilling in an underdeveloped portion of the Mirzaani Field within its Shallow Fields Production Unit, Block 12, in the country of Georgia.

Open-hole logging operations have recently been completed at the Mirzaani #1 well and, based on well logs as well as data obtained while drilling, analysis indicates that the well contains approximately 146 meters of total net sandstones with average porosity values of approximately 20-25%. These Lower Pliocene age Shiraki formation sandstones are distributed among seven known field reservoir horizons, Zones 12-18, that are situated at depths between approximately 1,200 meters and 1,490 meters. As expected, multiple hydrocarbon shows were encountered while drilling.

Located approximately 520 meters to the southwest and as much as 20 meters up-dip of the currently producing #73 well within the field, the Mirzaani #1 well commenced drilling during the month of October in the underdeveloped southeastern portion of the Mirzaani Field and reached a planned total depth of approximately 1,500 meters during the second week of November.

Efforts are currently underway to prepare for production testing in early December.

Steve C. Nicandros, Chairman and Chief Executive Officer, commented:

"The successful drilling of the Mirzaani #1 well represents an important step for Frontera in our progress to increase production from the underdeveloped Mirzaani Field. Together with the results seen in our analysis to date, the significantly improved drilling performance of this most recent well compared to the drilling of our first well in the field earlier this year provides us with further encouragement for continued growth of the Shallow Fields Production Unit."

Discovered in 1932, the Mirzaani Field has historically produced approximately 7 million barrels of oil, but contains many undrilled locations across the structure. The Mirzaani #1 well is the second new well to be drilled in the field since 1972. In 2006, Frontera acquired approximately 100 kilometers of new seismic data over the field area as part of an effort to re-map and identify new potential associated with the field. Based on analysis to date at both fields, Frontera estimates Mirzaani Field to contain over 50 million barrels of prospective resources within the Shallow Fields Production Unit. New reserve reports are expected to be completed following the current work programs.

Frontera's Shallow Fields Production Unit is located in the central portion of Block 12 and represents what the company believes to be an extensive trend of low-cost, low-risk oil and gas reserves. Containing four discovered yet undeveloped or underdeveloped fields that have additional exploration potential, objectives are considered to be traditional, well-known reservoirs of Pliocene and Miocene age that are situated at depths from 10 meters to 1,500 meters.

Frontera Resources looks to boost production from Kura Basin operations

19 November 2009

AIM listed oil and gas group Frontera Resources today said that it was making progress on boosting production from its operations on Block 12 of the Kura Basin, which lies between the Caspian Sea and the Black Sea in Azerbaijan and Georgia.

Specifically, Frontera has been aiming to increase oil and gas rates from the Mirzaani and Mtsare Khevi fields, two of four undeveloped fields it is working on within the Shallow Fields Production Unit.

As a result, it has drilled and completed three new wells at on the Mtsare Khevi Field and preparations are also underway to install gas sales related infrastructure. Separately, drilling is currently ongoing on one new well on the Mirzaani Field with logging operations underway.

Frontera raised approximately $7.6 million in a share placing in September and its channelling the funds into developing the Mirzaani and Mtsare Khevi fields.On a positive note, it received payment of $1.9 million in September for crude oil sales that will be reflected in fourth quarter results.

Steve Nicandros, Fronteras chairman and chief executive, said: Together with implementation of plans to continue to reduce costs through the end of this year, we remain very focused on achieving increased cash flow generation from operations as we move into 2010.

http://houston10.cityspur.com/2009/11/24/frontera-resources-announces-drilling-update-at-shallow-fields-production-unit-marketwire-via-yahoo-finance/

you may be brainless - actually i think you're just a total prick, but never mind - but do you really think that ANYONE other than you is going to buy this worse than crap share?

Liz Williamson, Vice President of Frontera Resources Corp. said that the firm is looking for a strategic partner to help it develop high-potential areas onshore the former Soviet republic. Frontera plans to focus on the further development of two shallow fields, till then. Though some of its wells at Basin Edge have been disappointing, she said the data collected pointed to large oil reservoirs there. She added, hese plays remain in our mindse are looking for a strategic partner to go back in and finish the work there, which has high-potential upside. We have already held talks with a range of companies. Block 12 is huge, at more than 5,000 sq km, the size of a quadrant in the North Sea. There are lots of leads and prospects.

cynic stop prevaricating, say what you really mean ha!ha!
2517

oh all right .... point taken and i'll try to be more succinct and focussed in future

farm-in and flow rates 2morrow.from lw

Liz Williamson, Vice President of Frontera Resources Corp. said that the firm is looking for a strategic partner to help it develop high-potential areas onshore the former Soviet republic. Frontera plans to focus on the further development of two shallow fields, till then. Though some of its wells at Basin Edge have been disappointing, she said the data collected pointed to large oil reservoirs there. She added, These plays remain in our mindswe are looking for a strategic partner to go back in and finish the work there, which has high-potential upside. We have already held talks with a range of companies. Block 12 is huge, at more than 5,000 sq km, the size of a quadrant in the North Sea. There are lots of leads and prospects.

Weird rise here...any news anyone...?...

Buy..buy..buy.

Superb.

Even greater.

Now I'm not in, it it decides to shoot up......grrrr.....problem with this one is that it's telephone trading only......which is a pain.....

Even more greater today.



Buy.

Can you point out the bit of the chart that is great.......must get my glasses fixed.,.

Big problem with this is that it is telephone trading only.....for me anyway....