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Pin to quick picksFrontera Resources Share News (FRR)

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Frontera production levels drop below forecasts

Thu, 06th Jun 2013 08:32

Eastern Europe-focused oil developer Frontera Resources has disappointed investors with news that oil production has fallen below expected levels. Less than 30,000 barrels of oil were produced from its Georgian operations in the five months from January 1st to June 1st, compared to 20,000 in the preceding quarterly update. AIM-listed Frontera said its believed production volumes "will increase over the remainder of the financial year such that production will be in line with current market forecasts".The Houston, Texas-based company revealed progress had been made on the construction of a gas pipeline and related facilities to connect its Mtsare Khevi Field by mid-July with the plan of producing first gas soon after.At the nearby Taribani field, experimental fracking operations have provided encouraging results with discussions dragging on with potential finance partners to re-start commercial drilling. Talks are also ongoing regarding financing a drilling campaign at the Mirzaani field elsewhere in the region, which is estimated to contain 541.7m barrels of oil. Frontera said it expected to secure a funding package "later this year".Shares in Frontera Resources were down 23.9% at 0.96p at 09:20 on Thursday.OH
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13 Apr 2016 08:28

Frontera Resources Finance Chief McGregor Retires

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7 Apr 2016 14:47

Positive progress for Frontera Resources at South Kakheti

(ShareCast News) - Independent oil and gas explorer and producer Frontera Resources updated the market on positive progress at its South Kakheti Gas Complex on Thursday, situated within its upstream portfolio in Georgia. The AIM-traded company had announced the commencement of operations within the

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7 Apr 2016 08:42

Frontera Stimulates Wells In Georgia Ahead Of Larger Drill Programme (ALLISS)

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21 Mar 2016 10:54

Frontera To Start Drilling Four Wells At South Kakheti Imminently

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25 Feb 2016 15:29

Frontera settles bills with new share issue

(ShareCast News) - Frontera Resources settled some sizeable bills on Thursday, through the issue of 100 million new ordinary shares. The AIM-traded independent oil and gas exploration and production company said the issue was for the settlement of $736,000 (£529,000) in fees, due to "certain unrelat

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25 Feb 2016 09:08

Frontera Resources Issues Shares To Pay USD736,000 Fees (ALLISS)

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9 Feb 2016 15:00

Frontera Resources solidifies move into Ukraine

(ShareCast News) - Frontera Resources moved to solidify its expansion into Ukraine on Tuesday, signing a memorandum of understanding (MOU) with UkrGasVydobuvannya (UGV), a subsidiary of the country's national energy company Naftogaz. The AIM-traded independent oil and gas exploration and production

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9 Feb 2016 09:40

Frontera Resources Signs MoU With Ukrainian Energy Company Subsidiary

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14 Jan 2016 11:18

Frontera Close To Substantial Oil & Gas Production From South Kakheti

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23 Dec 2015 11:07

Frontera Resources ups gas-in-place estimate for Georgia complex

(ShareCast News) - Oil and gas exploration and production company Frontera Resources upgraded its estimate for the gas in place at its South Kakheti Gas Complex in Georgia. Frontera said that since its announcement in October, it has carried out extensive geologic and geophysical studies and it has

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23 Dec 2015 08:14

Frontera Resources Upgrades Gas-In-Place Estimate For South Kakheti

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8 Oct 2015 07:15

Frontera Increases Internal Gas Resource Estimate In Georgia Ten-Fold

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29 Sep 2015 12:05

Frontera Eyeing Ten-Fold Potential Increase In Gas Reserves In Georgia

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17 Jul 2015 09:37

Ukraine has 12.5 bcm of gas in reserves, considers LNG

KIEV, July 17 (Reuters) - Ukraine has collected 12.5 billion cubic metres (bcm) of gas in underground storage as of July 17, still short of the 18-19 bcm it aims to have in reserve before mid-October, the country's gas transport monopoly said on Friday. Ukraine is pumping about 32 million c

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15 Jul 2015 08:05

Frontera Resources Signs Agreement With Ukraine's Naftogaz

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