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.

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.