Tracking

Tuesday, 11 October 2011

Frontera Resources FRR

A nice RNS this morning from Frontera Resources FRR . Basically they have found a lot more gas at the Mtsare Khevi gas field, in fact, 5 times more than expected and they are only 10km away from gas network. The sale of the gas will provide funds to continue with the expansion of the development. The big question is, what effect will it have on the sp????? 
Also interesting to note that the price of gas is between $4 to $6 per mcf compared with $16 that VOG are getting in Cameroon!!

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