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

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.