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.
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.