required field
- 18 Dec 2007 08:22
This is another possible incredible winner, Could double all of a sudden, depending
on flows and future discoveries, better send off those (Wben) forms now as
this is an American Stock traded on Aim.
oiilbrat
- 08 Dec 2009 13:23
- 185 of 202
nine days since hydriband news anyday 35-40p
oiilbrat
- 08 Dec 2009 13:26
- 186 of 202
HOUSTON, TX -- 11/24/09 -- Frontera Resources Corporation (AIM: FRR) (OTCQX: FRTE), an independent oil and gas exploration and production company, today announced an update of drilling operations at the Mirzaani #1 well that is currently drilling in an underdeveloped portion of the Mirzaani Field within its Shallow Fields Production Unit, Block 12, in the country of Georgia.
Open-hole logging operations have recently been completed at the Mirzaani #1 well and, based on well logs as well as data obtained while drilling, analysis indicates that the well contains approximately 146 meters of total net sandstones with average porosity values of approximately 20-25%. These Lower Pliocene age Shiraki formation sandstones are distributed among seven known field reservoir horizons, Zones 12-18, that are situated at depths between approximately 1,200 meters and 1,490 meters. As expected, multiple hydrocarbon shows were encountered while drilling.
Located approximately 520 meters to the southwest and as much as 20 meters up-dip of the currently producing #73 well within the field, the Mirzaani #1 well commenced drilling during the month of October in the underdeveloped southeastern portion of the Mirzaani Field and reached a planned total depth of approximately 1,500 meters during the second week of November.
Efforts are currently underway to prepare for production testing in early December.
Steve C. Nicandros, Chairman and Chief Executive Officer, commented:
"The successful drilling of the Mirzaani #1 well represents an important step for Frontera in our progress to increase production from the underdeveloped Mirzaani Field. Together with the results seen in our analysis to date, the significantly improved drilling performance of this most recent well compared to the drilling of our first well in the field earlier this year provides us with further encouragement for continued growth of the Shallow Fields Production Unit."
Discovered in 1932, the Mirzaani Field has historically produced approximately 7 million barrels of oil, but contains many undrilled locations across the structure. The Mirzaani #1 well is the second new well to be drilled in the field since 1972. In 2006, Frontera acquired approximately 100 kilometers of new seismic data over the field area as part of an effort to re-map and identify new potential associated with the field. Based on analysis to date at both fields, Frontera estimates Mirzaani Field to contain over 50 million barrels of prospective resources within the Shallow Fields Production Unit. New reserve reports are expected to be completed following the current work programs.
Frontera's Shallow Fields Production Unit is located in the central portion of Block 12 and represents what the company believes to be an extensive trend of low-cost, low-risk oil and gas reserves. Containing four discovered yet undeveloped or underdeveloped fields that have additional exploration potential, objectives are considered to be traditional, well-known reservoirs of Pliocene and Miocene age that are situated at depths from 10 meters to 1,500 meters.
oiilbrat
- 08 Dec 2009 13:28
- 187 of 202
Frontera Resources looks to boost production from Kura Basin operations
19 November 2009
AIM listed oil and gas group Frontera Resources today said that it was making progress on boosting production from its operations on Block 12 of the Kura Basin, which lies between the Caspian Sea and the Black Sea in Azerbaijan and Georgia.
Specifically, Frontera has been aiming to increase oil and gas rates from the Mirzaani and Mtsare Khevi fields, two of four undeveloped fields it is working on within the Shallow Fields Production Unit.
As a result, it has drilled and completed three new wells at on the Mtsare Khevi Field and preparations are also underway to install gas sales related infrastructure. Separately, drilling is currently ongoing on one new well on the Mirzaani Field with logging operations underway.
Frontera raised approximately $7.6 million in a share placing in September and its channelling the funds into developing the Mirzaani and Mtsare Khevi fields.On a positive note, it received payment of $1.9 million in September for crude oil sales that will be reflected in fourth quarter results.
Steve Nicandros, Fronteras chairman and chief executive, said: Together with implementation of plans to continue to reduce costs through the end of this year, we remain very focused on achieving increased cash flow generation from operations as we move into 2010.
oiilbrat
- 08 Dec 2009 13:32
- 188 of 202
http://houston10.cityspur.com/2009/11/24/frontera-resources-announces-drilling-update-at-shallow-fields-production-unit-marketwire-via-yahoo-finance/
oiilbrat
- 08 Dec 2009 14:13
- 190 of 202
Liz Williamson, Vice President of Frontera Resources Corp. said that the firm is looking for a strategic partner to help it develop high-potential areas onshore the former Soviet republic. Frontera plans to focus on the further development of two shallow fields, till then. Though some of its wells at Basin Edge have been disappointing, she said the data collected pointed to large oil reservoirs there. She added, hese plays remain in our mindse are looking for a strategic partner to go back in and finish the work there, which has high-potential upside. We have already held talks with a range of companies. Block 12 is huge, at more than 5,000 sq km, the size of a quadrant in the North Sea. There are lots of leads and prospects.
2517GEORGE
- 08 Dec 2009 16:14
- 191 of 202
cynic stop prevaricating, say what you really mean ha!ha!
2517
cynic
- 08 Dec 2009 16:15
- 192 of 202
oh all right .... point taken and i'll try to be more succinct and focussed in future
caz80
- 14 Dec 2009 15:13
- 193 of 202
farm-in and flow rates 2morrow.from lw
caz80
- 14 Dec 2009 15:15
- 194 of 202
Liz Williamson, Vice President of Frontera Resources Corp. said that the firm is looking for a strategic partner to help it develop high-potential areas onshore the former Soviet republic. Frontera plans to focus on the further development of two shallow fields, till then. Though some of its wells at Basin Edge have been disappointing, she said the data collected pointed to large oil reservoirs there. She added, These plays remain in our mindswe are looking for a strategic partner to go back in and finish the work there, which has high-potential upside. We have already held talks with a range of companies. Block 12 is huge, at more than 5,000 sq km, the size of a quadrant in the North Sea. There are lots of leads and prospects.
required field
- 03 Sep 2010 09:37
- 195 of 202
Weird rise here...any news anyone...?...
mitzy
- 03 Sep 2010 11:40
- 196 of 202
Buy..buy..buy.
mitzy
- 22 Sep 2010 09:01
- 197 of 202
Superb.
mitzy
- 22 Sep 2010 14:32
- 198 of 202
Even greater.
required field
- 23 Sep 2010 08:52
- 199 of 202
Now I'm not in, it it decides to shoot up......grrrr.....problem with this one is that it's telephone trading only......which is a pain.....
mitzy
- 10 Nov 2010 11:57
- 200 of 202
Even more greater today.
Buy.
Balerboy
- 10 Nov 2010 13:41
- 201 of 202
Can you point out the bit of the chart that is great.......must get my glasses fixed.,.
required field
- 10 Nov 2010 16:59
- 202 of 202
Big problem with this is that it is telephone trading only.....for me anyway....