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.

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

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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