Frontera Resources Corporation announces operations progress at its Mtsare Khevi Gas Complex and Taribani Field Complex in Georgia and completion of independent resource assessment reports.

Highlights

Mtsare Khevi Gas Complex: •Independent assessment of as much as 8.29 TCF of gas-in-place prospective resources with as much as 6.15 TCF recoverable prospective resources. •Ongoing drilling/workover campaign continues. •Expansion of gas processing/sales and transportation facilities in process.

Taribani Field Complex: •Independent assessment of as much as 4.62 TCF gas-in-place prospective resources with as much as 3.23 TCF recoverable prospective resources. •Preparation for commencement of operations associated with Varang Exploration farmout continues. •Existing well workover/frac-recompletion campaign advancing.

Tags: Frontera Resources Corporation