Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTC Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announces the retirement of Mr. Spyros Karnessis from the Company's board of directors (the "Board"), following more than ten years of dedicated service, with immediate effect. Mr. Karnessis will however remain as an adviser to the Board. A successor non-executive director is planned to be named within the next three months.
Steve C. Nicandros, Chairman and Chief Executive Officer, commented:
"On behalf of the Board, I would like to sincerely thank Spyros for his instrumental role in helping to lead and build the Company over the years. His vision, insights and important investment have been invaluable in bringing Frontera to where it is today and positioning it for a bright and successful future."
Frontera Resources Corporation
Vice President, Investor Relations and Corporate Communications
1. 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 around the world. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market - Symbol: FRR and via the Over-the-Counter Market, U.S.A. - OTC Symbol: FRTE. For more information, please visit www.fronteraresources.com.
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