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

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