Frontera Resources falls on delay

Frontera 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 about two million cubic feet a day (57,000 cubic metres a day). At 13:45 the shares were down 5.0% at 0.46p.