28 Jul 2011 11:48
Houston, Texas, U.S.A. - 28 July 2011
FRONTERA RESOURCES CORPORATION
("Frontera" or the "Company")
FRONTERA RESOURCES ANNOUNCES DIRECTOR RETIREMENT
Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR; OTC Market, U.S.A. - Symbol: FRTE), an independent oil and gas exploration and production company, today announces the retirement of Mr. Spyros Karnessis from the Company's board of directors (the "Board"), following more than ten years of dedicated service, with immediate effect. Mr. Karnessis will however remain as an adviser to the Board. A successor non-executive director is planned to be named within the next three months.
Steve C. Nicandros, Chairman and Chief Executive Officer, commented:
"On behalf of the Board, I would like to sincerely thank Spyros for his instrumental role in helping to lead and build the Company over the years. His vision, insights and important investment have been invaluable in bringing Frontera to where it is today and positioning it for a bright and successful future."
Enquiries:
Frontera Resources Corporation
Liz Williamson
Vice President, Investor Relations and Corporate Communications
(713) 585-3216
lwilliamson@fronteraresources.com
Nominated Adviser:
Strand Hanson Limited
James Harris / Andrew Emmott / Paul Cocker / Liam Buswell
+44 (0)20 7409 3494
Brokers:
Arbuthnot Securities Limited
Richard Johnson / Adam Lloyd
+44 (0)20 7012 2000
Old Park Lane Capital Plc
Michael Parnes / Luca Tenuta
+44 (0)20 7493 8188
Financial PR:
Buchanan
Tim Thompson / Ben Romney / Helen Chan
+44 (0)20 7466 5000
timt@buchanan.uk.com
Notes to Editors:
1. Frontera Resources Corporation is an independent Houston, Texas, U.S.A.-based international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets around the world. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market - Symbol: FRR and via the Over-the-Counter Market, U.S.A. - OTC Symbol: FRTE. For more information, please visit www.fronteraresources.com.