more money needed i expect rights or placing, to send s/p down will maybe buy when this is over my buy price 4.25 the black bird has spoken

Tuesday 11 October, 2011Frontera Resources
Operations Update
RNS Number : 9240P
Frontera Resources Corporation
11 October 2011





For immediate release 11 October 2011



FRONTERA RESOURCES CORPORATION



("Frontera" or the "Company")



Houston, Texas, U.S.A. - 11 October 2011





NEW DISCOVERY INCREASES SIZE OF GAS POTENTIAL AT MTSARE KHEVI FIELD WITHIN SHALLOW FIELDS PRODUCTION UNIT IN GEORGIA





Frontera Resources Corporation (London Stock Exchange, AIM Market: FRR), the oil and gas exploration and production company with assets in the country of Georgia, today announces an update of development drilling operations, including the discovery of extensive new gas resources in the undeveloped northwestern portion of the Mtsare Khevi Field within its Shallow Fields Production Unit, Block 12.



Testing operations are currently underway at the recently announced Mtsare Khevi #32 well that was drilled in the undeveloped northwestern portion of the field, approximately 4 km away from previously drilled well #31. After drilling to a planned depth of 370 meters, log analysis indicated that approximately 33 meters of gas bearing net pay were penetrated among the known Zones I, II and III within the field. Testing has begun on a 14 meter section of the lowest portion of the identified pay zones, Zone I, and delivered a rate of approximately 12,500 cubic meters of gas per day (441 mcf per day) on a 9 mm choke and 19,000 cubic meters (671 mcf per day) on a 16 mm choke. It is estimated that the absolute open flow, AOF, for Zone 1 based on these tests is approximately 24,000 cubic meters per day (847 mcf/d). Over the next week, testing operations will progress up hole to Zones II and III in order to determine total gas deliverability from the well.



Based on results observed to date, Frontera believes that the #32 well has successfully served to expand the size of the Mtsare Khevi field's gas potential by as much as 5 times the previously identified recoverable gas estimates associated with the Company's historical work in the field. Situated less than 10 km from the national gas distribution pipeline grid, the new discovery will serve to accelerate the addition of new infrastructure to commence gas sales. Construction engineering plans are currently under review in order to determine the most efficient timeline for installation.



In other operations within the field, the recently drilled Mtsare Khevi #31 well has been placed on production at an expected rate of approximately 10 bbls of oil per day (b/d) from a 7 meter reservoir section. The well penetrated approximately 22 meters of net pay, including 6 meters of gas bearing reservoir sands.



Drilling operations will now continue at the #41 location which is the third of a planned 20 well program over the next 24 months designed to exploit multiple Upper Pliocene sandstone reservoirs situated at a depth of approximately 300 meters.



The Mtsare Khevi Field, which Frontera operates with 100% interest, is located in the western portion of the Shallow Fields Production Unit. In their July 2010 report for the Company, the independent engineering firm of Netherland, Sewell & Associates ("NSA") places a "Best Estimate" for gross original gas-in-place for the Mtsare Khevi Field of 2.6 billion cubic feet, with a "low"-to-"high" range of 2.1-3.1 billion cubic feet; and a "Best Estimate" for associated gross contingent and unrisked prospective resources of 1.5 billion cubic feet, with "low"-to-"high" range of 1.2-1.9 billion cubic feet. Frontera's new internal estimates reflect additional resource potential along the northwest trend of the field's fault block which the Company believes have now been confirmed by well #32. NSA will be asked to evaluate Frontera's assessments for this area once appraisal drilling has been completed during the current campaign.



For oil, NSA places a "Best Estimate" for gross original oil-in-place for the Mtsare Khevi Field of 14.9 million barrels, with a "low"-to-"high" range of 11.3-19.7 million barrels; and a "Best Estimate" for associated recoverable gross contingent and unrisked prospective oil resources of 2.1 million barrels, with a "low"-to-"high" range of 1.4-3.2 million barrels. This assessment is generally consistent with Frontera's internal estimates.





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



"The successful results achieved by the #32 well are extremely significant in that they not only serve to expand and enhance the value of the Mtsare Khevi field's gas resources, but also confirm the presence of gas in the western portion of Block 12 which may lead to further upside prospectivity. This confirmation provides important technical support for gas exploration efforts related to other fields situated within the Shallow Fields Production Unit as well as our nearby Shale Gas Play Unit where we believe large gas resources are contained in unconventional reservoirs associated with the Maykop shales.



Overall, the success achieved from recent drilling has significantly enhanced the value of the Mtsare Khevi field and will now set us on a course to accelerate gas sales into the local market where prices range from $4 to $6 per mcf. When these gas sales commence, the increase in production will provide Frontera with the additional cashflow to significantly enhance the profile of the Company and contribute to its target of reaching 5,000b/d by the end of 2013."



r frr in Georgia

Fallen like a ton of bricks in a demolition.

Bought some this morning...onwards and upwards!

This from a couple of days ago......FRR one to keep an eye on. tipped in the IC a couple of weeks ago usually KO'd for any share tipped but you never know !


Oil & Gas Sector: Frontera Resources up after 'exciting' results from Georgia well
StockMarketWire.com
Oil and gas explorer and producer Frontera Resources (LON:FRR) is excited by results from the Mtsare Khevi field in Georgia.

It says reservoir modeling simulations indicate that zone one at the No.32 well can potentially flow gas at a rate of approximately 57,000 cubic metres per day - more than twice the original estimate.

Operations are now focused on testing a 9.5-metre section associated with zone two where gas has been flow tested at a rate of approximately 2,200 cubic metres of gas per day (79 mcf per day) on a 6 mm choke and 4,900 cubic metres (173 mcf per day) on a 9 mm choke.

Chairman and CEO Steve Nicandros said: "Ongoing testing operations at the No.32 well continue to confirm the importance of our most recent achievement at the Mtsare Khevi field within our greater portfolio of assets.

"Based on analysis of the results observed to date, we are excited by what this well continues to reveal about the ultimate gas potential of the field and the overall surrounding area."

A lot of great info to be had re FRR on lse bb.

The new broker note due mid to ed of Jan (potential re-rating) combined with the operatinoal update on Mirzaani, perhaps farm - in and the Shale gas play will be transformational.

Trading just above 52 week low with re-structuring finished and the BOD driven to succeed, this is my 2012 multi bagger!

gla

GRA

Mine too ! got in a few months ago at .0165p so a little down on my outlay at the moment,,,but looking for big returns in 2012/13!

Morning SKyhigh,

Mainly over on lse board, but felt the need to get more epxosure for FRR, this is under the radar in many ways!!

There are some fantastic opportunities here, especially with the BEP (Bsain edge play) and Block 12, lets not also forget the gas and how close the pipeline is and how, in relative terms, cheap it is to connect to!!!

GRA

"" 21million shares issued to 3rd parties recently was not to Schlumberger but used to settle payments due to Brokers who assisted with the private placement/debt conversion back in August """ (Again from Symore on iii)

Director buys and the fact we now know why the share price has been depressed Outrider on way in, not DDJ on way out. II's in at 4p etc etc.

These people cant all being taking a 'punt' now can they!!!!

I was in DPL recently, Outrider bought into them, very much like here and within approx a month or so the BOD announced that Ophir had made an offer to buy them which was accepted.

Now Outrider are a class act and make things happen! Do yuo think perhaps that there is a predator out there???

This has now made me sit up. PLainfield not holding is not what we should be looking at Outrider holding IS!!!

Game on imvho

Another good day yesterday, hedl gains.

Awaiting broker report and Mizaani updates.

Expecting higher volume and a return to upward trend from now on!!

gla

GRA

Stabilising at the 1.30p mark which is good, seems to have set a new level for mo.

With OUTRIDER in place and Broker Note AND operations update due this is ready to go!!!!

GRA

and I' ready and waiting! ..... bring it on!

i do feel that our patience will be rewarded.

There are many factors that are holding us back, none more important thasn the lack of nws of course. But i feel that behind the scenes each factor is being dealt with by the BOD and as said before 'the ducks are being lined up'.

yes an RNS regarding operational progress would be great but imagine an RNS or series of RNS that simply compound the company transformation.

1. Operational Update(s)

2. Farm-in partner

3. Holdings (ii)

4. Broker Note

These are what i am expecting to see soon enough. Whilst they may all come rolled in one mega RNS each one has enough importance to significantly push the sp higher, each one adding value to FRR and each resulting in greater exposure to other investors!

So i will wait, the CEO is in London as we speak (courting II's or maybe signing 'deals') and will be attending II presentations as he did last week?

The anticipated Broker Note will be deep with detail, lets face it, the BOD are going to arm them with each and every piece of intel that possible to get the ii's juices flowing!!! Indeed, this alone could be transformational!

So, like i said at the start frustrating, but with so so much on the horizon, bloody exciting!!!!!!!!

gla

GRA

wakey wakey!

dont miss the boat people!!

GRA

RNS..............................

Frontera Resources Corporation (London Stock Exchange, AIM Market: FRR), the oil and gas exploration and production company with assets in the country of Georgia received notification on 25 January 2011 that, on that same day, certain funds and/or accounts managed by DDJ Capital Management, LLC ("DDJ") sold 114,306,000 ordinary shares of US$0.00004 each in the Company ("Ordinary Shares") at a price of 1.2 pence per Ordinary Share. The shares have been placed by finnCap with institutional and other UK investors. DDJ's beneficial interest in the Company following this sale is 330,295,688 Ordinary Shares, representing 15.95% of the Company's total issued share capital. DDJ also retains approximately $11m principal amount of convertible notes due in 2016 issued by an affiliate of the Company.



Joe Lind, assistant portfolio manager of DDJ's high yield strategy, remarked:



"We are pleased to have satisfied our near term portfolio objectives. Frontera and DDJ have shared a long and mutually beneficial relationship. We look forward to continuing this relationship going forward, and we are supportive of the Company and its business plan."

going good today - sp may move some more north very strong buying :-))

Another excllent day!

This is now poised for a major breakout to circa 2p.

Hope so!

The Times Business Section.28.1.2012 Page 54

Tiddler to Watch,

Frontera Resources jumped 11.4% to 1.365p after disclosing that DDJ Capital a Massacusetts-based fund manager,had placed more than 114 million Frontera shares with UK investors through Finncap.After the sale,DDJ still owns nearly 16% of the oil and gas exploration and production company with assets in the former Soviet State of Georgia.

THE WORD IS OUT THERE.............

DYOR

GRA

after friday should open higher monday imo - 2p + this week perhaps

also in FT - so getting good press :-))

Agreed, but news is def needeed to ensure that any gains made are held.

RNS are due on broker note, holdings and indeed production updates.....

GRA

The rumour mill is spinning with an RNS due Wednesday re production update and before week end on holdings, there is going to be a very interesting few days ahead!

80mil traded yesterday again! the volumes are huge! Something is happening!

GRA

Bring it on!

RNS came today Skyhigh

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11100666

or dear god, she is going to fly today!!!!!

GRA

How does a lead balloon fly?

not good but all is not lost! more patience is needed!

could have been better received!!

I think the general consensus is that there is nothing new there and that made a lot of p.i's take profits as they too were hoping for a big return. That said if they bought at circa 1.10 to 1.15 and got out at 1.35-1.40 they did well!!

Me, im holding still and adding as the whole picture has not been revealed. i have taken this as an interim rns with more to come, holdings one as i believe that Outrider as acquiring and seconbdly the new Broker Note too.............

as skyhigh staes, a little more patience!

GRA

FRR is def being shorted today! Support appears to be the 1.10p region and as before the sp bounced off it!!!!

GRA

A good end to a hard day, i believe that the end to the current shake is nigh!

GRA

yes you may be right, the end is nigh!

ah BUT not THE END of course!!!!

Too much news due and too many ii's buying for that to happen!

GRA

disappointing sp but good time to top up at these levels I think. (imho) I might buy a few more!

Very disppointing at mo, believe the p.i s are being shaken out to accommodate ii buying. The retail amount of shaers is diminishing rapidly!!!!!

GRA

694% Upside

On the front line

Following the successful restructuring of its balance sheet in 2011,

Frontera has started its two year development plan at three fields in

Georgia. Since then the company has made progress and is gearing up to

start gas sales in April. We feel that the company is well placed to meet

its production target of 5,000bbl/d in 18 months.

Development underway

The two-year plan started in September 2011 and has already yielded a gas discovery

at Mtsare Khevi. Oil production continues at 220bbl/d and the company has 300boepd

of gas production shut in and due to come to market in April. Given these initially

positive results, we are comfortable that the company can meet its goal of 5,000bopd

within the two development timeframe.

Balance sheet restructured, funding is available

Last year saw the conversion of 85% ($91.1m) of the company’s debt being converted

into equity as well as raising $11m of new money. The company has recently drawn

down a $3.1m loan using its SEDA facility to pay for its development activities.

Frontera has yet to tap into the $250m cost recovery pool given that production has

yet to ramp up. Again we are comfortable for now that sufficient capital is available to

the company to fund its future activities.

Overhangs could still be an issue

With c.2.2 billion shares in issue as well as several large holding, long suffering

shareholders, there remains potential for large overhanging sell orders in this stock in

future. Clearly such circumstances would depress the share price again.

Valuation and recommendation

Frontera’s share price has been very weak since the placing (at 4p) last year due to a

substantial share overhang in the market, which has now been cleared out. However,

the company has made good progress with its development project so far, but has yet

to benefit from any increase in production so far. The share price should be driven by

positive production news over the next 18 months. We therefore initiate coverage

with a Buy recommendation and set an 18 month of Target Price of 8p. We have not

included a valuation for the exploration assets as there is no work plan or funding for

them, but these could add significantly to the valuation once they come into play.

A draft of this research has been shown to the company following which minor factual amendments have been made.

10 February 12 | Initiation of coverage | Oil & Gas

Frontera Resources(AIM:FRR)1,5

BUY

Share price 1p

Target price 8p

694% Upside

Market cap (£m) 21.3

Net debt (£m) 61.1

Enterprise value^ (£m) 82.5

No. of shares (m) 2,070.7

Free float (%) 75.0

Average daily vol ('000, -3m) 17,181

12 month high/low (p) 8/1

(%) 1m 3m 12m

Absolute -20.8 -25.9 -79.9

FTA relative -24.0 -30.7 -79.6

Price & price relative (-2yr)"""""""""

RNS

Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on February 14, 2012, by Stephen E. McGregor, Executive Director and Chief Financial Officer of the Company of the purchase of 600,000 ordinary shares in the Company ("Ordinary Shares"). Following the share purchases, Mr. McGregor holds a total of 13,044,292 Ordinary Shares, representing 0.61 percent of the Company's issued share capital. The share purchases occurred at the available market price as set forth below.

RNS Number : 6018X

Frontera Resources Corporation

17 February 2012








FRONTERA RESOURCES CORPORATION



Houston, Texas, U.S.A. - 17 February 2012





Director Purchases Shares





Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, was notified on February 16, 2012, by Steve C. Nicandros, Chairman and CEO, of the purchase of 1,230,000 ordinary shares in the Company ("Ordinary Shares"). Following this share purchase, Mr. Nicandros holds a total of 159,493,473 Ordinary Shares, representing 7.42 percent of the Company's issued share capital. The share purchase occurred at the available market price as set forth below.










Director






Date




Purchase Price






No. of Shares






Steve C. Nicandros, Chairman and CEO




February 14, 2012




1.07 pence






1,230,000

More DIRECTOR BUYING!!!!

Onthe move!!!

Good day indeed!!!

From the FT """""Frontera Resources received a 9.2 per cent boost to 1¼p after its chairman and chief executive bought 1.2m shares at market prices."""

Time to get in at these hugelky discounted prices still. 4p is the ii benchmark!!

GRA

Seymour Pierce 'Oil & Gas AIM Initiations' broker presentation February 2012 PDF to view or download if you are interested:

http://www.slideshare.net/colebrooke1/seymour-pierce-oil-gas-february-2012

Contents:

Top picks 4
Bayfield 4
Borders & Southern 5
Gulf Keystone Petroleum 6
Xcite Energy 7
Top regions 8
Oil and gas price outlook for 2012 11
Valuation methodology 12
Exploration 12
Production 12
Companies
Aurelian Oil & Gas 13
Borders & Southern Petroleum 27
Chariot Oil & Gas 37
Faroe Petroleum 51
Frontera 67
Gulf Keystone 77
Gulfsands Petroleum 91
Xcite Energy 107
Bayfield Energy 115
Gold Oil 129
Independent Resources 143

There has been a background seller for some while which has kept this depressed, but what is more notable is the fact that the buyer is taking out larger chunks now. For me, this is a sign that they are keen to accumulcate their target holding quickly. Why, well perhaps they are aware of some news that we are not privy too, secondly, they are aware that the retail shares in free float as such are getting very short and with both the sp will increase rapidly.

All imho, but possible no less

GRA

Good summary GRA,,, I bought some more on Monday.... onwards and upwards!

Thanks Sky,

The various BB 's are feeling a little frustrated and onloved at the mo, but those with foresight and patience will benefit :-)

My basket is full of FRR now so for me its a waiting game.

GRA

A post from hearmenow on iii

Trying to provide current and prospective investors with a balanced overview of this stock at current prices.

POSITIVES

Significantly undervalued (i.e. SP does not reflect upside)
a. Trading under NAV
b. Trading more than 20x under current market cap
c. 0.97p is lowest SP in 5 year history

Producing company (albeit small at 220bopd + 300 boepd gas)

Reserves (P3) and contingent resources of 174mmbbls. Total potential resource base of 2+ billion boe (high case)

100% owner & operator of acreage (Georgia)

Acreage in a proven oil & gas region with local operators & blue chips present nearby

Good infrastructure for exploration & production

Operating in a politically stable & tax efficient region with good fiscal terms

Board/Management team with extensive international experience & significantly invested

Director’s buys at current levels

Near term news flow (development & appraisal drilling in Q2, gas sales in Q2, farm-out news)

Fully funded for near term exploration commitments (until roughly Q3)

Sufficient analyst coverage (Old Park Lane Capital, Seymour Price & finnCap with targets between 8-12p)

NEGATIVES

Poor historical drilling, management & therefore SP performance

High no. of shares in issue (2.15 billion)

Poor liquidity (especially at times of higher volume as spread widens)

No big name institutional investors (e.g. JP Morgan, Goldman Sachs etc.)

Debt (circa £40M)

Level of interest/popularity among investors and media is low

Overall confidence of current investors is low

Second drawdown on equity line (circa $2M) anticipated on or around June 8th 2012 (dilution)

Currently a seller in the market (possibly a current II), resulting in a sustained & depressed SP

SUMMARY & DECISION

Positives outweigh negatives in the short term. Once the seller has completed their business, SP should begin to rise. Excellent short term investment (3-4 months)

A nice summary

GRA

Thanks again GRA...glad i topped up last week....might even get some more.... but as we know these sort of shares do not move up whatever good news comes out..I'm not pinning my hopes on FRR but you never know.. it may just do good!

I'm also in USOP...just waiting for it to come back from a 6month suspension.

Same with NGP....It's about time I started to get something back!

I will be holding this for amin of 12-18 months, so any paper loss i have at the mo will pale into insignificance in the future. From your post i take it you have sold out? I do understand if you were unable to hold, afterall, its only a loss if you sell, as they say.

In the fullness of time and indeed weithin the next 4/6 weeks for starters this will be a comletely different story here.

For me the current selling is Yorkville, taking a quick profit on some of their drawdown shares. Helps them de-risk, just like we would. This will stop of course.

Sorry skyhigh, ignore my second sentence!!!!

GRA

I'm still in...haven't sold any... in for the next 12 months at least ... or until we get some decent return here.

Skyhigh,

The bb's are turning to doom and gloom out there, i dont see why tbh, lack of patience and understanding of what is happening i believe. I still find it amazing that there is so little input on this bb, but hey ho, lots of other shaers to chase i guess, a nice 'left field' RNS would blow this wide open!!!

GRA

Posted by spp119 and indeed on the Frontera website too...........

"""""""""" A well connected boutique investment bank has taken an interest in us as of today"""""""""""""

Visor Capital initiates Research on FRR With a “Buy” Recommendation

http://www.fronteraresources.com/recent-news/visor-capital-initiates-research-on-frontera-resources-with-a-%E2%80%9Cbuy%E2%80%9D-recommendation/



07.03.12 Visor Capital - Frontera Resource - Risky but rewarding.pdf

http://www.visocap.com/research-home.aspx

----------------------------------------------------------------------

I have registered and will see if i get to download it!

Do you get the feeling they know something.................!!!

GRA

Frontera Resources

Risky but rewarding

Potential justifies development risks



Initiation



BUY (initiation)

TP: GBp1.7 (initiation)

7 March 2012

With a large and prospective block, and a planned two-year, 20-fold growth in production it is an exciting time to watch Frontera. Although a high-risk investment, if the Company can successfully develop its projects this year, massive upside could be unlocked. We initiate with a BUY and TP of GBp1.7/sh.

Huge potential. Operating a huge 5,060km2 block in Georgia with favourable PSA terms, mean Frontera has significant potential upside if it can achieve its plan to increase production from 220bpd to 5,000bpd over the next 24-months.

...but mixed track record. The reason for this share’s discount versus this opportunity is a mixed track record of development and high G&A costs, which has seen significant dilution and write-downs for historic investors. We have therefore been cautious in assessing the Company’s development programme. We impose 60% discount on our valuation until test-results de-risk this programme.

Even partial success offers large upside. 2012 will prove a key year for the Company, with key results expected near-term which should help to de-risk the Company. Until these come in, Frontera will remain quite a speculative name; but we believe that significant opportunities justify the risks and current prices offer at an attractive entry level.

Rating and TP. We initiate coverage on Frontera Resources with a BUY rating and a target price of GBp1.7/share. Our valuation is relatively cautious and focuses only on the near-term projects. We would raise our TP to GBp4.6/sh if the Company achieves its near term development goals, on these projects, and if exploration potential were monetised, this could move much further.





Esentai BC, 12th floor, 77/7 Al-Farabi Av., Almaty, 050040, KZ

office: +7 727 356 07 77 ∙ fax: +7 727 356 07 78

web: www.visocap.com

Short term 1.7p is, i assume, based on the gas coming online and perhaps the Shlumberger report????

4.6p if near term goals are achieved eh!!!

GRA

Good news today! Anyone else in this one?

I hate to admit it...but I am.....better news.....if they carry on like this the sp will recoup several pennies....

Was in little while ago but sold @1.15p at a loss but...back in today.. let's see where it goes has to be positive!

Bought at under 1p. According to the news it should do something.

FYI...

Hope to see a gradual but sustained increased in the SP over the next year (imho)..could be a 5 bagger at least! (dyor)

UK ANALYST:

Oil and gas production group Frontera Resources Corporation (FRR) impressed the markets as it announced that since January monthly oil sales had averaged 760,000 dollars. With the addition of gas sales - commencing in the third quarter of the year - revenue is anticipated to average 1.2 million dollars per month. The Georgia-focused company also noted that work at the Mtsare Khevi Has complex has seen the prospect significantly expanded in potential and area, with recoverable resources as high as 700 billion cubic feet of gas. Frontera shares surged by 0.175p to 0.8625p.

This share is moving on-up.........I have been trying to find out why?

Big buys being made by (Directors), always a good sign, (Putting money where their mouth is). Worth a little dabble at these prices.........IMO.

CFO bought 1m shares @.45p (wow) must be using his directors fee!

to/buy or not to buy the chaiman has.14-11-12 .050 am still not in the black bird
having a problem, evaluating.

if in doubt do nowt! go for QPP (imho,dyor) you'll double yer money in 3-6months, imho

Seems to be going up nicly. Anyone know why?

Why 50%+ rise? It seems to be just late trading.