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Frontera Resources claims "well big" success

Tue, 11th Oct 2011 08:07

Frontera Resources, the Georgia focused oil and gas company, says that a new well has hugely increased the size of its Mtsare Khevi field.So-called "well 32" was dug to a depth of 370 metres and the test results delivered a flow rate of approximately 12,500 cubic meters of gas per day.Frontera's site is 10 kilometres from Georgia's national gas pipeline so the company hopes that infrastructure will now be put in place to connect its site to the grid.The Chairman and Chief Executive of Frontera, Steve Nicandros, said of the find:"The successful results achieved by the 32 well are extremely significant in that they not only serve to ... enhance the value of the Mtsare Khevi field's gas resources, but also confirm the presence of gas in the western portion of Block 12 which may lead to further upside prospectivity. "He went on to add: "...the success achieved from recent drilling has significantly enhanced the value of the Mtsare Khevi field and will now set us on a course to accelerate gas sales into the local market where prices range from $4 to $6 per mcf [million cubic feet]. When these gas sales commence, the increase in production will provide Frontera with the additional cash flow to significantly enhance the profile of the Company and contribute to its target of reaching 5,000b/d by the end of 2013." Frontera's share price jumped 11.86% in early trading on news of the find.BS
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12 Mar 2018 13:44

Frontera Resources To Move To Dino-2 Well After T-45 Completion

LONDON (Alliance News) - Frontera Resources Corp said Monday drilling has been completed on the first of three wells on the Taribani complex in announced in late February, the

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13 Feb 2017 13:05

Frontera Resources knows no reason for share price move

(ShareCast News) - AIM-listed oil and gas exploration and production group Frontera Resources noted the recent movement in its share price and confirmed that it knows no reason for the move. As announced on 19 January, the company said there is no change to the expected delivery date of March 2017 f

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13 Feb 2017 12:59

Frontera Resources Knows Of No Reason For Share Price Rise

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19 Jan 2017 09:21

Frontera Resources' Georgia Program Delayed Pending Equipment Delivery

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19 Jan 2017 08:46

Frontera Resources predicts greater output despite delay

(ShareCast News) - Frontera Resources Corporation, an AIM listed independent oil and gas exploration and production company, has found greater potential for oil and gas recovery at the Taribani Field area despite production delays. In the last two months operations to complete a new six well stimula

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29 Dec 2016 07:59

Frontera Resources Restructures Disputed Subsidiary Loan Notes

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16 Nov 2016 10:40

Frontera Wins Bid For Hydrocarbon Exploration In Republic Of Moldova

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16 Nov 2016 08:19

Frontera Resources wins bid to explore hydrocarbons in Moldova

(ShareCast News) - Oil and gas miner Frontera Resources Corporation has won the bid to explore and produce hydrocarbons in the Republic of Moldova. The AIM-listed company and the Moldovan government are set to negotiate on hydrocarbon exploration and development in the country and agree suitable ter

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24 Oct 2016 10:29

Frontera Resources begins stimulation in Georgia

(ShareCast News) - Independent oil and gas exploration and production company Frontera Resources Corporation released an update to its operations in Georgia on Monday. The AIM-traded firm had previously announced on 30 September that work is underway to begin the stimulation campaign for six further

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24 Oct 2016 08:18

Frontera Upcoming Georgia Campaign To Support Target Production Rates

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30 Sep 2016 14:46

Lower oil prices sees Frontera losses widen

(ShareCast News) - Independent oil and gas exploration and production company Frontera Resources released its financial results for the first half of 2016 on Friday. The AIM-traded firm said revenues from exploration pilot oil and gas production sales totaled $2m in the six months to 30 June, down f

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30 Jun 2016 10:34

Frontera Resources Loss Widens As Investments In Georgia Delayed

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15 Jun 2016 07:53

Frontera Resources Draws Down Funds For Work Programmes (ALLISS)

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16 May 2016 09:48

Frontera Searches For Funds As It Pays For Services With Equity (ALLISS)

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25 Apr 2016 08:43

Frontera Resources Says South Kakheti Work Progressing

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