8 Sep 2015 07:00
For immediate release
8 September 2015
FRONTIER RESOURCES INTERNATIONAL PLC
("Frontier" or the "Company")
Operational Update: Sultanate of Oman
Block 38 Farm-out update
The Board of Frontier (AIM Ticker: FRI), the AIM - traded international oil and gas exploration company with a focus on the Middle East and Southern Africa is pleased to provide shareholders with the following operational update on its activities in the Sultanate of Oman.
The Company has retained the services of Dallas-based Moyes & Co. to assist and provide general transaction advice on the ongoing farm-out process by the Company for its Oman Block.
Commentating on today's update, Jack Keyes, Frontier's CEO said "During these challenging times for the oil industry, it will benefit the Company to have the assistance of the team at Moyes & Co. who are very experienced in international oil and gas transactions.
Enquiries:
Frontier Resources International Plc | |
Neil Herbert, Chairman | Tel: 0207 628 3396 |
Jack Keyes, Chief Executive Officer | Tel: +1 (281) 920 0061 |
Beaumont Cornish Limited (Nomad) | Tel: 0207 628 3396 |
Michael Cornish | |
Beaufort Securities Limited (Broker) | Tel: 0207 382 8300 |
Zoe Alexander
|
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's principal exploration projects are in Oman 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