RE:Total and Apache … So your 100% with Frontera pushing the majority of their free cash flow into more Guyana exploration/appraisal wells? Wells that will generate $0 in profit for Frontera since these ones will also be plugged and abandoned. Unless a FID is ever made from these wells, they are in essence sunk capital that will never generate returns. That's the risk/reward of offshore drilling.
Give your head a shake man... frontera has already played this game with Kawa and Wei and look at their share price. Hell, they could have put majority of this Guyana money towards other basins (ie, purchased producing wells in say Permian) and been making additional cash flow these past couple years. Guaranteed their share price wouldn't be sitting at less than $11CAD if they had done this.
I doubt this logic will make any sense to you Frank. Instead you will continue complaining about share price manipulation on Frontera 2-4x/day