Frontera Resources Corporation Taribani update (3410W)
November 13 2017 - 8:50AM
UK Regulatory
TIDMFRR
RNS Number : 3410W
Frontera Resources Corporation
13 November 2017
13 November 2017
Frontera Resources Corporation
("Frontera Resources" or the "Company")
Taribani update
Frontera Resources Corporation (AIM: FRR), the European-focused
independent oil and gas exploration and production company, is
pleased to provide the following update related to its work in
Georgia.
On 10 November 2017, the Company received the drilling permit
from the State Agency of Oil and Gas for operations at the well
T-45 in the Taribani complex of Block 12, Georgia. As previously
announced, T-45 is the second well to be drilled (by way of well
deepening), following the sidetrack of the well Dino-2 which is
planned to commence in January 2018. It is expected that drilling
operations at T-45 will commence immediately after work at Dino-2
is completed.
The well T-45 will be extended to a target depth of 2700m and
Zones 9, 14 and 15 of the Eldari reservoir will be stimulated and
produced together, in a similar manner as previously announced on
10 October 2017 in respect of the well Dino-2.
In line with the Company's previously announced work programs,
after successful completion of preparatory technical work, the
Company has selected the third well for drilling and sidetracking
in the Taribani complex which will be the well T-39. Drilling
permit application is expected to be filed with the State Agency of
Oil and Gas in late November 2017. Drilling (sidetrack) operations
at well T-39 are planned to commence after completion of
drilling/deepening operations at well T-45.
Enquiries:
Frontera Resources (713) 585- 3216
Zaza Mamulaishvili
info@fronteraresources.com
Cairn Financial Advisers
LLP +44 (0) 20 7213 0880
Jo Turner / Liam Murray
WH Ireland Limited +44 (0) 20 3411 1880
James Joyce / Alex Bond
Yellow Jersey +44 (0) 203 735 8825
Tim Thompson
Harriet Jackson
Henry Wilkinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFFWFDDFWSELF
(END) Dow Jones Newswires
November 13, 2017 08:50 ET (13:50 GMT)
Frontera (LSE:FRR)
Historical Stock Chart
From Apr 2024 to May 2024
Frontera (LSE:FRR)
Historical Stock Chart
From May 2023 to May 2024