Last 0.92 GBp
Change Today +0.005 / 0.55%
Volume 1.3M
FRR On Other Exchanges
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As of 3:11 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

frontera resources corp (FRR) Snapshot

Open
0.94 GBp
Previous Close
0.92 GBp
Day High
0.94 GBp
Day Low
0.92 GBp
52 Week High
09/25/14 - 1.84 GBp
52 Week Low
05/30/14 - 0.51 GBp
Market Cap
24.2M
Average Volume 10 Days
44.5M
EPS TTM
-0.0020 GBp
Shares Outstanding
2.6B
EX-Date
--
P/E TM
--
Dividend
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Current Stock Chart for FRONTERA RESOURCES CORP (FRR)

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frontera resources corp (FRR) Details

Frontera Resources Corporation, together with its subsidiaries, is engaged in the exploration, production, and development of oil and gas projects in the Republic of Georgia. The company focuses on the development of reserves in known hydrocarbon-bearing basins. It holds a 100% working interest in Block 12 covering an area of approximately 5,500 square kilometers located in the Kura Basin in eastern Georgia. The company also exports oil to international markets through the Georigan Black Sea port of Batumi. Frontera Resources Corporation was founded in 1996 and is headquartered in Houston, Texas.

Founded in 1996

frontera resources corp (FRR) Top Compensated Officers

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frontera resources corp (FRR) Key Developments

Frontera Resources Corporation Reports Unaudited Consolidated Financial Results for the First Half Ended June 30, 2014

Frontera Resources Corporation reported unaudited consolidated financial results for the first half ended June 30, 2014. Revenue - crude oil and gas sales was $3,263,214 compared to $3,146,390 a year ago. Loss from operations was $3,379,965 compared to $3,742,498 a year ago. Net loss was $5,628,821 compared to $5,645,990 a year ago. Net cash used in operating activities was $539,624 compared to $2,191,766 a year ago. Investment in oil and gas properties was $594,681 compared to $194,372 a year ago. Investment in property and equipment was $2,677,162 compared to $197,974 a year ago.

Frontera Resources Corporation Completes Well #32a at the Mtsare Khevi Gas Complex in Georgia

Frontera Resources Corporation announced that it has completed well #32a at the Mtsare Khevi Gas Complex in the country of Georgia. Following announcement of the start of a new drilling campaign at the Mtsare Khevi Gas Complex in July, well #32a was drilled and recently completed. The well successfully encountered approximately 20 meters of objective pay sands from 330 meters to 350 meters. Testing of this objective has determined that it will be capable of delivering up to 700 Mcf per day of gas. An additional approximate 25 meters of pay sands were also encountered in the well and gas from these sands will be placed into production over time. The well is currently being connected to Frontera's gas gathering and sales infrastructure. Mobilization to the next planned location is underway and drilling of well #34 is expected to commence before the end of September. The well will take approximately fifteen days to reach total depth. Well #34 is planned to be drilled to a depth of approximately 400 meters and is designed to continue to explore and expand the identified gas potential associated with the Mtsare Khevi Gas Complex. Gas production operations have continued since commencement in April and are delivering gas to Georgia's national grid via the company's gas gathering/processing facilities and associated 14 kilometer transportation system. This system accommodates gas production at a planned rate of approximately two million cubic feet per day of gas and during the month of August, new engineering design work commenced to increase capacity of the existing system. As previously announced, concurrent with ongoing operations, extensive geologic studies have continued across the Mtsare Khevi Gas Complex and have now been completed, revealing extensive new gas resource potential associated with the Complex. These ongoing studies have been designed to evolve identification of gas potential associated with the Complex and have included the integration of current gas production performance; ongoing drilling results; historical geologic, geophysical and engineering databases; new geologic field work and outcrop sampling, as well as associated laboratory analysis. Recently concluded internal studies have now increased gas in place estimates from as much as approximately 1.2 tcf to as much as approximately 11 tcf, with as much as approximately 9 tcf of recoverable gas possible from reservoir targets found between 300 metres and 5,000 metres in depth. In addition, the area of prospectivity associated with the Mtsare Khevi Gas Complex has grown from approximately 80 square kilometers to approximately 140 square kilometers. Independent assessment of Frontera's internal estimates will now commence during the fourth quarter of 2014.

Frontera Resources Corporation Announces New Drilling Campaign at the Mtsare Khevi Gas Complex in the Country of Georgia

Frontera Resources Corporation announced that it has begun the start of a new drilling campaign at the Mtsare Khevi Gas Complex in the country of Georgia. Location construction for well #32a will commence shortly and drilling is expected to commence during the month of August. The well will take approximately fifteen days to reach total depth. Well #32a is planned to be drilled to a depth of approximately 400 meters and is designed to continue to explore and expand the identified gas potential associated with the Mtsare Khevi Gas Complex. Gas production operations have continued since commencement in April and are delivering gas to Georgia's national grid via the Company's gas gathering/processing facilities and associated 14 kilometer transportation system. This system accommodates gas production at a planned rate of approximately two million cubic feet per day of gas. Concurrent with ongoing production and new drilling operations, extensive geologic studies continue across the Mtsare Khevi Gas Complex. These ongoing studies include the integration of current gas production performance; historical geologic, geophysical and engineering databases; new geologic field work and outcrop sampling, as well as associated laboratory analysis. To date, study work reveals extensive conventional and unconventional (Maykop shales) potential associated with the Mtsare Khevi Gas Complex. This work is expected to conclude during the third quarter of this year, with independent assessment to commence later in the fourth quarter of 2014. The Mtstare Khevi Gas Complex is an area of approximately 80 square kilometres and encompasses gas reservoir targets found between 300 metres and 5,000 metres in depth. Based on Frontera's internal estimates, analysis has revealed significant gas potential throughout this area of up to approximately 1.2 tcf of gas in place and up to approximately 700 bcf of recoverable gas.

 

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