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Frontier Resources provides update on activities in Namibia


Published Jun 10, 2015
Frontier Resources International

The Board of Frontier is pleased to provide shareholders with an operational update on its activities in Namibia.

Frontier's Blocks 1717 and 1817, located in the Owambo Basin in northern Namibia, cover an area of approximately 18,933 square kilometers. Frontier is operator with a 90% working interest while NAMCOR, the Namibian National Oil Company, has a 10% carried interest in the license.

As previously announced, the results of the soil gas survey conducted in 2013 confirmed the presence of one or more oil generating source rocks within the license area. These results have been integrated with a recently completed study to determine the thickness of sediments within the license and enabled the company to further focus on areas that appear to be most promising for the accumulation and trapping of hydrocarbons.

Tags: Frontier Resources International




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