The Board of Frontier provides shareholders with the following operational update on its activities in the Sultanate of Oman.
The Company has received approval to exchange the Phase 1 work commitment of a 3D seismic survey for an exploration well with a 2D seismic survey.
During the past two years, Frontier has completed the re-processing of some of the existing 2D seismic data on the Block. This information has been integrated with historic seismic, potential field and well data as part of the comprehensive technical evaluation of the hydrocarbon prospectivity of the Block.
A direct consequence of this evaluation has been the identification of two potential structural leads not identified by previous operators. In addition, there is sufficient technical support to demonstrate the extension of the South Oman Salt Basin (SOSB), which is already producing oil, into the south eastern part of Block 38.