11 Sep 2017 08:15
CPRs, Block 12 in Georgia
11 September 2017
Frontera Resources Corporation
("Company")
Update of website
Frontera Resources Corporation (AIM: FRR), a European focused independent oil and gas exploration and production company, announces that, following queries from a number of shareholders, it has today updated its website (www.fronteraresources.com) to make information relating to its CPRs more accessible.
These CPRs have been prepared in 2005, 2010 and 2015, by US independent petroleum consulting company Netherland, Sewell and Associates, Inc. ("NSA"), in four reports. All four of the CPRs have previously been announced and there is no change to the content of the CPRs.
The updated pages of the website can be found here: www.fronteraresources.com
Zaza Mamulaishvili, President and Chief Executive Officer, commented:
"As a part of the Company's corporate culture, for us it is extremely important that shareholders and private investors have easy access to the published CPRs, operations, company management and employees. In order to unlock the huge oil and gas potential described in the CPRs, which for Block 12 is estimated to be 10,2 billion barrels as Original Oil In Place (OOIP) and 12,9 trillion cubic feet as Original Gas In Place (OGIP), workover operation in Ud-2 well for unlocking deep gas potential have already commenced in Mtsare Khevi Gas Complex and preparation to commence Dino-2 drilling operation in Taribani in second half of Q4 is progressing. With operational activities picking up, we will continue working towards making it easy for shareholders and investors to access and receive all required information related with our work, which now is all about getting 1,673 million barrels of recoverable oil and 9 trillion cubic feet of recoverable gas out of ground."
Enquiries:
Frontera Resources Corporation (713) 585-3216
Zaza Mamulaishvili
info@fronteraresources.com
Nominated Adviser:
Cairn Financial Advisers LLP +44 (0) 20 7213 0880
Jo Turner / Liam Murray
Broker:
WH Ireland Limited +44 (0) 207 220 1666
James Joyce / Alex Bond
Financial PR:
Yellow Jersey +44 (0)203 735 8825
Tim Thompson
Frontera@yellowjerseypr.com
Notes to Editors:
About Frontera Resources Corporation
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 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.