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FRR CompanyFri, 28th Jun 2013 12:53
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 p
Read moreFrontera Resources, an oil and gas exploration and production company, saw its share leap over 60 per cent on Wednesday after it announced that it has received approval to proceed with the installation of the eight kilometre pipeline and related facilities within the Mtsare Khevi Field from the Geor
Read moreFrontera Resources, an oil and gas exploration and production company, is down following news that it has still not received the required permits to build an 8kn gas pipeline in Georgia at the Mtsare Khevi field. This is delaying gas sales from wells, which the company believes could produce abou
Read more- Please note: This is a revised version of a story which previously contained information that was incorrect. After what has been a less-than-impressive year, the Chief Executive of FTSE 100 gold miner Randgold Resources, Mark Bristow, sold more than three million pounds worth of shares. Bristo
Read moreFrontera Resources, an oil and gas exploration and production company, has raised funds through a drawdown from its previously announced SEDA facility, with the funds being used to advance the company's work programmes. The drawdown, which raised £624,804, was undertaken at a price of 0.49875p pe
Read moreGold and copper exploration company KEFI Minerals pleased investors after it said tests on a site in Saudi Arabia confirmed the presence of high grade gold and silver over substantial widths and strike lengths. It said diamond drilling would begin at the Jibal Qutman Licence in the current quarter.
Read moreFrontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m d
Read moreA non-executive director of Hydrodec, the "clean" oil re-refining group, has purchased one million shares in the AIM-listed firm. Andrew Black bought the shares at 14.38p for a total of £143,700, taking his total number of shares to over 57m. The purchase came just one day after the firm announc
Read moreReal Estate investment firm CareCapital has announced it is to forward-sell individual projects to third party landlords in a bid to ensure that financial risk to the group is minimised without forgoing or reducing development profits. The projects have a combined value of £21.8m, of which £14.6m-wo
Read moreShares in Georgia-focused oil and gas group Frontera Resources surged higher on Wednesday after tests on the Mtsare Khevi #32 well showed the potential to double its rate of production. Testing operations on zone I of the well - situated on the Mtsare Khevi Field within its Shallow Fields Producti
Read moreFrontera 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
Read moreOil and gas exploration company Frontera Resources has completed drilling at the first well on its Mtsare Khevi field in the former Soviet republic Georgia and will begin new drilling operations shortly. Despite the well being drilled five days ahead of plan, investors showed their disappointment
Read moreFrontera Resources, the oil and gas company, says it has started new drilling operations at its Mtsare Khevi Field in Georgia. This is the beginning of a programme of drilling 20 new wells in the area which currently provides just 90 barrels of oil per day . According to the engineering firm Sewe
Read moreIndependent oil and gas exploration and production company, Frontera Resources, said shareholders had given the thumbs up for a plan to raise funds and relocate the firm to the Cayman Islands. In June Frontera announced a funding plan that could provide up to £28.3m (US$46m) in new funding, most of
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