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Frontier Resources to develop Owambo basin in Namibia


Published Jul 31, 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 part of its ongoing strategy to develop a comprehensive, regional understanding of the Owambo basin, Frontier recently completed a data exchange of high resolution airborne magnetic data and the associated technical interpretation, over a large area covering nearby blocks.

The data interpretation was undertaken by Exploration Technology Inc. in Houston, Texas, and has determined the sediment thickness in the area by calculating and mapping the depth to the basement rocks. It has also identified regional geologic trends in the subsurface. This technology, when integrated with gravity and seismic data, was used successfully by Frontier in the identification of drillable structures on its block in Oman.

Tags: Frontier Resources International




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