Frontera Resources Corporation Natural Gas Transportation Licence Extension (4858W)
November 15 2017 - 1:00AM
UK Regulatory
TIDMFRR
RNS Number : 4858W
Frontera Resources Corporation
15 November 2017
15 November 2017
Frontera Resources Corporation
(the "Company")
Natural Gas Transportation Licence Extension
Frontera Resources Corporation (AIM: FRR), the European-focused
independent oil and gas exploration and production company, is
pleased to provide the following update related to its work in
Georgia.
On 14 November 2017, the Ministry of Energy's State Agency of
Oil and Gas extended the Company's natural gas transportation
licence related to the 14-km natural gas pipeline which the Company
built in 2014 and which connects the Company's natural gas
processing facility at Mtsarekhevi Gas Complex with Georgia's
natural gas distribution grid.
The initial licence was issued on 16 April 2014 and was
effective for two years. In 2016, the licence was subsequently
extended for one year, through 14 November 2017. The current
extension is effective for 5 years until 14 November 2022.
The Company is also announcing that extensive testing at Ud-2
well at the Mtsarekhevi Gas Complex is continuing as previously
announced. Updates in this regard will be provided in due
course.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Frontera Resources (713) 585- 3216
Zaza Mamulaishvili
info@fronteraresources.com
Cairn Financial Advisers
LLP +44 (0) 20 7213 0880
Jo Turner / Liam Murray
WH Ireland Limited +44 (0) 20 3411 1880
James Joyce / Alex Bond
Yellow Jersey +44 (0) 203 735 8825
Tim Thompson
Harriet Jackson
Henry Wilkinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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