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 worst stock by far.....others are doing far better.

This is the thread to follow...we are up to 142 blogs...

sorry about that rf webcast ready to start.5k max buy now online and more volume today.heavy rumours regards mirzani 2 rf.

Hope so...I'm still in at a bad loss....can't believe myself that I did not take the profts when I should have....hoping for a recovery...

rf nicandros have promised an update about 2009 production.webcast starts at 4pm agm houston 4pm bst.i think mirzani 2 is massive hit the hint was in the rns today extending the licence untill 2017 this is a massive recovery stock.priced too go bust yet they would needed too have proven cash for licence extension for goegia government approval.remember we have cash coming from from our court award from over a year ago.this is a no

rf i expect this too open up high in the morning,hopefully mkt update regards mirzani 2.yanks will get 1st hit 2nite.good luck

rf wonder if we might get rns update today.regards agm still saying they are looking at a farm in,i just wonder if arbitration settlement of 20m from GAC could be pivotal as no fund raising mentioned.we wait and wonder.the 20m settlement from GAC at arbitration was last october no news regards this a 4-5xbagger with that settlement recieved plus mirzani 2 update anytime could be a multi-bagger.just a waiting game.good luck

rf get some enegi oil/ENEG massive news today mkt not got hold of the importance yet.PDIP subsidiary now trading again.

This ones making the effort on small volume at the mo, but am in profit.....

Sp increase might be due to production taking off...this company is a mixture of small reliable "nodding nelly's"....and some tremendous possible exploration assets....could be EK topping up !...

EK certainly needs to as he like many punters are losing a fortune on this one!!

good increase today ....

EK is crap at tipping winners, he's only good at shorting

This is the thread, 150 posts plus on this.

sorry recquired field i only saw the other 2 which were well out of date .todays hybridan report is out and news expected very soon

from hybridan wrap 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 Frontera

FRR is yet another EK/t1ps dud, they should stick to shorts.

I think that this is starting to look undervalued...the next update could be a very good one....

i agree rf and news anyday . AWESOME RNS from FRONTERA!!! The highlights:
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!!