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Frontera Resources releases operations update


Published Dec 10, 2012
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Frontera Resources provides operations update, Basin Edge Play Unit

Frontera Resources Corporation (FRR) has released an operations update for its holdings in the country of Georgia as well as its Greater Black Sea strategic initiative.

As detailed in the Company's announcement of 27 September 2012, the Company is awaiting final issuance of certain remaining requisite permits relating to the installation of the 8 km pipeline and related facilities from the Georgian government prior to the installation of gas sales infrastructure in the Mtsare Khevi Field.

The equipment required for the pipeline has been procured, mobilized, and stacked in the field and in key staging areas awaiting issuance of the remaining requisite permits. Once the permits are received, it is expected that the pipeline will be installed, and hence the gas sales are expected to commence after the gas pipeline is put into operation.

An update will follow in due course with further information as such final approvals are obtained. The infrastructure will accommodate production from currently shut-in wells which the Company believes could produce approximately 2 million cubic feet per day (57,000 cubic meters per day).

Tags: Frontera Resources Corporation




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