4 Feb 2014 07:00
For immediate release
4 February 2014
FRONTIER RESOURCES INTERNATIONAL PLC
("Frontier" or the "Company")
Operational Update: Namibia
The Board of Frontier (AIM Ticker: FRI), the AIM-traded international oil and gas exploration company with assets in Oman, Zambia and Namibia, is pleased to announce that the Minister of Mines and Energy in Namibia has granted the Company a two year extension to its exploration licence covering onshore Blocks 1717 and 1718 in the Owambo Basin. The original licence, awarded in January 2012, is now valid until January 2016.
Based on the positive results obtained during the initial phase of the exploration program Frontier requested the licence extension to allow the Company time to collect additional soil gas samples for geochemical analysis and to acquire 2D seismic data over the blocks prior to the commencement of any drilling program.
Enquiries:
Frontier Resources International Plc
Jack Keyes, Chief Executive Officer Tel: +1 (281) 920 0061
Barbara Spurrier, Finance Director Tel: 020 3475 8108
Beaumont Cornish Limited (Nomad) Tel: 020 7628 3396
Michael Cornish
Roland Cornish
W.H.Ireland Limited (Joint Broker)
James Joyce /James Bavister Tel: 020 7220 1666
Beaufort Securities Limited Joint Broker) Tel: 020 7382 8300
Christopher Rourke
Guy Wheatley
Yellow Jersey PR Limited (Financial PR)
Dominic Barretto Tel: +44 (0) 7768 537 739
Anna Legge Tel: +44 (0) 7747 788 221
About Frontier:
Frontier Resources International Plc, which was founded in April 2008, is focused on onshore oil and gas exploration and development in the Middle East and Southern Africa where the Company has technical knowledge and expertise. The Company currently has three exploration projects in Oman, Zambia and Namibia.
Frontier's immediate objectives are to continue developing its core exploration projects towards first production particularly in Oman where the Company's knowledge base is most advanced because of the proximity to producing oil and gas fields and the availability of existing seismic and well data.
The Company is incorporated in the United Kingdom with its registered office in London. It also maintains a technical and commercial office in the United States in Houston, Texas. Additionally, to support its regional operations in Southern Africa and the Middle East, offices are maintained in Namibia, Zambia and Oman.
The Company's shares were admitted to AIM of the London Stock Exchange on 5 July 2013.
ENDS