Frontier Resources International Operational Update (3396Y)
September 08 2015 - 2:00AM
UK Regulatory
TIDMFRI
RNS Number : 3396Y
Frontier Resources International
08 September 2015
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 Tel: +1 (281) 920 0061
Officer
Beaumont Cornish Limited Tel: 0207 628 3396
(Nomad)
Michael Cornish
Beaufort Securities Limited Tel: 0207 382 8300
(Broker)
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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