Commencement of Drilling Operations at Well Dino-2

20 March 2018

Frontera Resources Corporation

("Frontera" or "the Company")

Commencement of Drilling Operations at Well Dino-2

Frontera Resources Corporation, the European-focused oil and gas exploration and production company, is pleased to announce that drilling (sidetracking) operations at the Dino-2 well, the second well of the current three well drilling campaign in the Taribani complex of Block 12 in Georgia, commenced on 20 March 2018. 

The drilling operations are expected to be completed within the month of April reaching a total target depth of 2700m. Following completion of the drilling operations, testing of the well is expected to commence and, as previously announced, it is the intention that Zones 9, 14 and 15 of the Eldari reservoir will be stimulated and produced together. Once the testing is completed, the Company will update the market in due course.

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

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