Frontera Resources Corporation Update of website (3372Q)
September 11 2017 - 2:15AM
UK Regulatory
TIDMFRR
RNS Number : 3372Q
Frontera Resources Corporation
11 September 2017
CPRs, Block 12 in Georgia
11 September 2017
Frontera Resources Corporation
("Company")
Update of website
Frontera Resources Corporation (AIM: FRR), a European focused
independent oil and gas exploration and production company,
announces that, following queries from a number of shareholders, it
has today updated its website (www.fronteraresources.com) to make
information relating to its CPRs more accessible.
These CPRs have been prepared in 2005, 2010 and 2015, by US
independent petroleum consulting company Netherland, Sewell and
Associates, Inc. ("NSA"), in four reports. All four of the CPRs
have previously been announced and there is no change to the
content of the CPRs.
The updated pages of the website can be found here:
www.fronteraresources.com
Zaza Mamulaishvili, President and Chief Executive Officer,
commented:
"As a part of the Company's corporate culture, for us it is
extremely important that shareholders and private investors have
easy access to the published CPRs, operations, company management
and employees. In order to unlock the huge oil and gas potential
described in the CPRs, which for Block 12 is estimated to be 10,2
billion barrels as Original Oil In Place (OOIP) and 12,9 trillion
cubic feet as Original Gas In Place (OGIP), workover operation in
Ud-2 well for unlocking deep gas potential have already commenced
in Mtsare Khevi Gas Complex and preparation to commence Dino-2
drilling operation in Taribani in second half of Q4 is progressing.
With operational activities picking up, we will continue working
towards making it easy for shareholders and investors to access and
receive all required information related with our work, which now
is all about getting 1,673 million barrels of recoverable oil and 9
trillion cubic feet of recoverable gas out of ground."
Enquiries:
Frontera Resources Corporation (713) 585-3216
Zaza Mamulaishvili
info@fronteraresources.com
Nominated Adviser:
Cairn Financial Advisers LLP +44 (0) 20 7213 0880
Jo Turner / Liam Murray
Broker:
WH Ireland Limited +44 (0) 207 220 1666
James Joyce / Alex Bond
Financial PR:
Yellow Jersey +44 (0)203 735 8825
Tim Thompson
Frontera@yellowjerseypr.com
Notes to Editors:
About Frontera Resources Corporation
Frontera Resources Corporation is an independent Houston, Texas,
U.S.A.-based international oil and gas exploration and production
company whose strategy is to identify opportunities and operate in
emerging markets in Eastern Europe around the Black Sea. Frontera
Resources Corporation shares are traded on the London Stock
Exchange, AIM Market - Symbol: FRR. For more information, please
visit www.fronteraresources.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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