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Exclusive: Frontera say oil major talks making excellent progress

In an exclusive interview with London South East, Frontera CEO Zaza Mamuvaishvili emphasised that the Taribani well testing continues to go be encouraging and that although impossible to say when, he was very hopeful of a positive outcome to talks with two potential partners - who he confirmed were 'oil majors'.

"We are making excellent progress in terms of technical work and due diligence, working on data and the detail, so I think we will be in a position to get back to the market and update shareholders sooner rather than later with a progress report."

"The results of the recent drilling campaign turned out to be pretty encouraging in terms of oil production and heavy gas in Taribani, and they are looking mainly at those two areas" said the CEO.

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