Roth Capital Initiates Coverage on Frontera Resources (FRTE) with a Buy Price target $4.

In response to Melik Kaylan's compelling interview with President Saakashvili ("The Journal Interview with Mikheil Saakashvili: Georgia on His Mind," editorial page, Aug. 25), we join the chorus of voices recognizing the extraordinary progress in the country of Georgia. With his visionary leadership, President Saakashvili and his government have successfully created a very attractive environment for economic development as the basis for building a nation that provides its citizens with hope and opportunity.

In a remarkably brief period, political leaders have followed their words with swift actions to effect very visible change. As a result, Georgia has become a stable, market-oriented environment where the work force is highly educated and motivated and foreign investment is very welcome. Infrastructure, banking and legal systems have made great strides in approaching international standards, underpinned by a relentless and successful effort to stamp out the barriers of corruption from the past.

Most notably, the achievements of President Saakashvili's administration have resulted in the World Bank recently citing Georgia as the world's top reformer for two years in a row. To this end, Frontera Resources has invested more than $100 million to date in Georgia's oil and gas exploration sector and our investment plans remain very aggressive for the foreseeable future because of our confidence in the environment that continues to evolve.

We have experienced firsthand the accelerated progress of this dynamic nation and remain strategically committed based on the ideals and principles that President Saakashvili and his administration have demonstrated in guiding Georgia's future.

Steve C. Nicandros

President and CEO

Frontera Resources

Houston

In a remarkably brief period, political leaders have followed their words with swift actions to effect very visible change. As a result, Georgia has become a stable, market-oriented environment where the work force is highly educated and motivated and foreign investment is very welcome. Infrastructure, banking and legal systems have made great strides in approaching international standards, underpinned by a relentless and successful effort to stamp out the barriers of corruption from the past.

Most notably, the achievements of President Saakashvili's administration have resulted in the World Bank recently citing Georgia as the world's top reformer for two years in a row. To this end, Frontera Resources has invested more than $100 million to date in Georgia's oil and gas exploration sector and our investment plans remain very aggressive for the foreseeable future because of our confidence in the environment that continues to evolve.

We have experienced firsthand the accelerated progress of this dynamic nation and remain strategically committed based on the ideals and principles that President Saakashvili and his administration have demonstrated in guiding Georgia's future.

Steve C. Nicandros

President and CEO

Dont you get it, you are wasting your time william ?

The market is crap, nobody is going to chase up your pump and dumps any more,
mm seem happy to offer stock and a few of them have dropped their quotes today.

You could paste every bit of the companies history on this thread but nobody will
be reading or taking any notice because guess what william, people are not stupid,they know who you are now, they know how you operate, why not toodle
pip back to III or LSE or have they banned you again there ?

30th nov 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.

link
http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10062394

santa will be here early this year

max buy now 100k from 250k earlier .tick-tock

08/12/2009 15:55:43 8.75 25,000 O 2,187.50
08/12/2009 13:35:37 8.75 22,630 O 1,980.12
08/12/2009 13:09:30 8.62 24,575 O 2,118.36

JUST WILLIAM......sounds about right.

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 24th nov osted : Tue, 24 Nov 2009 07:00:17 GMT
Author : Frontera Resources
Category : Press Release
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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 DIRECTORS BUYING 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
http://www.energy-pedia.com/article.aspx?articleid=136793 AND THE TARIBANI FIELD Steve C. Nicandros, Chairman and Chief Executive Officer, commented: 'We are very pleased with this addition of new capital in support of our company's ongoing efforts. The planned use of these proceeds will permit us to continue to advance work at the Shallow Fields Production Unit where anticipated results are expected to provide us with increased cash flow generation going into 2010. Underpinned by cost cutting initiatives that have been implemented since the beginning of this year and remain ongoing, I am encouraged by the overall prospects for meaningful value realization and growth in the year ahead.

In addition, while we have chosen to prioritize our near term efforts in favour of increasing cost effective production from our Shallow Fields Production Unit in order to establish a strong foundation for our company, we will simultaneously continue to pursue strategies designed to allow us to bring the Taribani Field Unit into commercial production and to fully evaluate the significant exploration potential that we have identified at the Basin Edge 'B' and 'C' Prospects.

kairos group take an 8% stake flow rates anytime website updating Kairos is a fund run by Italian bankers based in London and is not the sort of outfit that invests without good research and a good reason. More about Kairos can be found on:
http://www.citywire.co.uk/selector/-/news/fund-manager-interviews/content.aspx?ID=286984

Phoned the company on friday and in a nutshell there will be an update shortly, i asked if all had gone to plan and she said we expect to meet out targets before year end thanked me for my support gl all senn.

I posted this a while bk.........

Were currently waiting on news for the mirzanni field to prove up 50million recoverable barrels of oil, estimates are the field holds 600million barrels OIP. They are hoping to increase production to 1000bopd by Christmas and 2000bopd in 2011.

This will give them a financial platform to work from and move forwardespecially the Basin Edge prospects B & C which are estimated to hold over 1billion recoverable barrels of oil



Mtsare Khevi Field

5 million barrels of recoverable oil reserves, Additional reserve potential exists in deeper Miocene age sandstone horizons that have previously tested and flowed oil. This potential is currently under study and is expected to become a focus of future operations to fully develop the Mtsare Khevi Field.

The Mirzaani #2

the Mirzaani Field Northwest contains potentially significant volumes of recoverable oil reserves within multiple reservoir intervals situated at depths between 800 and 1,300 meters. In total, early analysis by the company indicates there may be as much as 600 million barrels of total oil in place.

Nazarlebi Field and Patara Shiraki Field:

Frontera's field studies have concluded that significant undeveloped reserve potential of as much as 5 million barrels of recoverable reserves exists in oil bearing reservoirs situated at depths from 10 meters to 1,200 meters within the Shiraki formation at the Nazarlebi and Patara

Shiraki Fields

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

Taribani Field Unit

The Taribani Field is a large, undeveloped oil field covering an area of approximately 80 square kilometers with productive horizons situated in Miocene and Pliocene age reservoirs. These reservoirs are located at depths between 2,200 meters and 3,500 meters. The independent consulting firm of Netherland, Sewell & Associates has assigned 118 million barrels of P3 reserves from Zones 9, 14, 15 and 19 within the field. Additionally, Netherland, Sewell & Associates has assigned as much as 36 million barrels of unrisked resource potential associated with five deeper horizons in the field.

Basin Edge Play Unit

Frontera's Basin Edge Play Unit is located along the northern border of Block 12 and represents what the company believes is one of the newest and potentially most prolific exploration plays in the Upper Kura Basin. Netherland, Sewell and Associates estimate total unrisked resource potential to be in excess of one billion barrels of recoverable oil within the unit's two major prospects ("B" and "C"). Of this total, prior to the acquisition of new seismic data suggesting an even larger structure, the "C" Prospect was estimated to contain as much as 300 million barrels of recoverable oil from primary reservoir targets and as much as 250 million barrels from secondary reservoir objectives.

.......................................................................

Mtsare Khevi Field = 5 million barrels of recoverable

The Mirzaani #2 = 600 million barrels of total oil in place X 25% recoverable say = 150million barrells

Nazarlebi Field and Patara Shiraki Field: = 5 million barrels of recoverable

Shiraki Fields = ?

Taribani Field Unit = 118 million barrels + 36 million barrels = 154million barrells

Basin Edge Play Unit = one billion barrels of recoverable oil



I only came across FRR when i noticed all the director buys recently which then led me into further research

volume and went 2v1