Frontera Resources Regulatory News (FRR)

 27 February 2018

Frontera Resources Corporation

("Frontera" or "the Company")

T-45 Well Logging Update

Frontera Resources Corporation (AIM: FRR), the European focused oil and gas exploration and production company, is pleased to provide an update on T-45 drilling operations.

The Company has completed open hole well logging of the recently drilled section of T-45 well, which has deepened the existing wellbore to 2700m. The open hole logging suite consisted of resistivity, neutron porosity, sonic, bulk density, and gamma ray measurements. Data processing has confirmed pay interval identifications made during the drilling operation along with added clarity regarding total combined pay.

The oil stained cuttings at 2460-2475m were confirmed to be within a 14.9m combined pay interval of Zone 13. This is a further developed pay section in addition to the original Zone 9, 14 and 15 targets.

Combined pay for Zones 9, 14 and 15 within T-45 well has been calculated to be 98.9m with 16.3% porosity. This exceeds the base case of combined 53.0m pay and 15.0% porosity as it has been assumed in previous reservoir modeling and Taribani field valuation and does not include the potential identified in Zone 13.

Zaza Mamulaishvili, President and Chief Executive Officer, commented:

"We are hugely excited to see an excellent correlation between the drilling and logging data.

The fact that current results have exceeded our expectations gives greater confidence and support to our work program that, once we effectively perforate, stimulate, and produce from Zones 9, 14 and 15 in the Eldari formation, the Taribani field will deliver great value to our shareholders and Georgia's energy industry."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Notes to Editors:

About Frontera Resources Corporation

Frontera Resources Corporation is an independent, international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets in Eastern Europe around the Black Sea. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market - Symbol: FRR. For more information, please visit www.fronteraresources.com .

1. Information on Resource Estimates: The independent contingent and prospective resources estimates contained in this announcement were determined by the independent consulting firm of Netherland, Sewell & Associates (NSA) in accordance with the definitions and guidelines set forth in the 2007 Petroleum Resources Management System (PRMS) adopted by the Society of Petroleum Engineers (SPE). Dustin Aro, Frontera's Vice President, Well Completion and Stimulation, is the qualified person who reviewed and approved the technical information contained in this announcement on behalf of Frontera Resources. Mr. Aro has extensive experience in the oil and gas industry and holds a Bachelor of Science in Engineering and a Bachelor of Science in Business Administration from Michigan Technological University.

2. This release may contain certain forward-looking statements, including, without limitation, expectations, beliefs, plans and objectives regarding the transactions, work programs and other matters discussed in this release. Exploration for oil is a speculative business that involves a high degree of risk. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: risks inherent in oil and gas production operations; availability and performance of needed equipment and personnel; the Company's ability to raise capital to fund its exploration and development programs; seismic data; evaluation of logs, cores and other data from wells drilled; inherent uncertainty in estimation of oil and gas resources; fluctuations in oil and gas prices; weather conditions; general economic conditions; the political situation and relations with neighboring countries; and other factors listed in Frontera's financial reports, which are available at www.fronteraresources.com. There is no assurance that Frontera's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.

3. Glossary of Terms: BCF - means Billion Cubic Feet of gas. TCF - means Trillion Cubic Feet of gas. Mcf - means Thousand Cubic Feet of gas. OOIP - means Original Oil in Place. OGIP - means Gas in Place. Bopd - means Barrels of Oil Per Day. PPG - means pounds-per-gallon. PSI - means pounds per square inch. SG - means Specific Gravity.