11th Nov 2013 07:00
For immediate release
11 November 2013
Frontier Resources International Plc
("Frontier" or the "Company")
Corporate Activities Update
The Board of Frontier (AIM Ticker: FRI), the AIM-traded international oil and gas exploration company with assets in Oman, Zambia and Namibia, is pleased to update shareholders on recent corporate activities.
Namibia
As announced on 9 September 2013, the Company has conducted an in-field soil gas survey of its Namibian blocks, located in the Owambo Basin in northern Namibia, which cover an area of approximately 18,933 square kilometers.
Samples have been collected on a regional grid across the blocks and the survey has now been completed, with all the samples currently at Exploration Technology Inc.'s Houston, Texas laboratory for analysis and review. Final results are expected in the next month. These results will allow the Company to plan the next phase of exploration activity.
Sultanate of Oman
Frontier Resources Oman Limited, a wholly-owned subsidiary of the Company, has completed the regulatory process, through the Embassy of the Sultanate of Oman in London and the Omani Ministry of Commerce and Industry in Muscat, to allow Frontier Resources Oman Limited to operate in the country as a branch of Frontier Resources International Plc.
Appointments
As well as opening a London office, the Group has increased its key personnel in both London and Houston to support the Technical, Finance and Administration functions of the Company.
Enquiries:
Frontier Resources International Plc
Jack Keyes, Chief Executive Officer Tel: +1 (713) 962 0887
Barbara Spurrier, Finance Director Tel: 020 3475 8108
Beaumont Cornish Limited (Nomad) Tel: 020 7628 3396
Michael Cornish
Roland Cornish
Beaufort Securities Limited (Broker) Tel: 020 7382 8300
Christopher Rourke
Guy Wheatley
Yellow Jersey PR Limited (Financial PR)
Dominic Barretto Tel: +44 (0) 7768 537 739
Anna Legge Tel: +44 (0) 7747 788 221
About Frontier:
Frontier Resources International Plc, which was founded in April 2008, is focused on onshore oil and gas exploration and development in the Middle East and Southern Africa where the Company has technical knowledge and expertise. The Company currently has three exploration projects in Oman, Zambia and Namibia.
Frontier's immediate objectives are to continue developing its core exploration projects towards first production particularly in Oman where the Company's knowledge base is most advanced because of the proximity to producing oil and gas fields and the availability of existing seismic and well data.
The Company is incorporated in the United Kingdom with its registered office in London. It also maintains a technical and commercial office in the United States in Houston, Texas. Additionally, to support its regional operations in Southern Africa and the Middle East, offices are maintained in Namibia, Zambia and Oman.
The Company's shares were admitted to AIM of the London Stock Exchange on 5 July 2013.
ENDS
Related Shares:
CPT.L