more money needed i expect rights or placing, to send s/p down will maybe buy when this is over my buy price 4.25 the black bird has spoken

Tuesday 11 October, 2011Frontera Resources
Operations Update
RNS Number : 9240P
Frontera Resources Corporation
11 October 2011





For immediate release 11 October 2011



FRONTERA RESOURCES CORPORATION



("Frontera" or the "Company")



Houston, Texas, U.S.A. - 11 October 2011





NEW DISCOVERY INCREASES SIZE OF GAS POTENTIAL AT MTSARE KHEVI FIELD WITHIN SHALLOW FIELDS PRODUCTION UNIT IN GEORGIA





Frontera Resources Corporation (London Stock Exchange, AIM Market: FRR), the oil and gas exploration and production company with assets in the country of Georgia, today announces an update of development drilling operations, including the discovery of extensive new gas resources in the undeveloped northwestern portion of the Mtsare Khevi Field within its Shallow Fields Production Unit, Block 12.



Testing operations are currently underway at the recently announced Mtsare Khevi #32 well that was drilled in the undeveloped northwestern portion of the field, approximately 4 km away from previously drilled well #31. After drilling to a planned depth of 370 meters, log analysis indicated that approximately 33 meters of gas bearing net pay were penetrated among the known Zones I, II and III within the field. Testing has begun on a 14 meter section of the lowest portion of the identified pay zones, Zone I, and delivered a rate of approximately 12,500 cubic meters of gas per day (441 mcf per day) on a 9 mm choke and 19,000 cubic meters (671 mcf per day) on a 16 mm choke. It is estimated that the absolute open flow, AOF, for Zone 1 based on these tests is approximately 24,000 cubic meters per day (847 mcf/d). Over the next week, testing operations will progress up hole to Zones II and III in order to determine total gas deliverability from the well.



Based on results observed to date, Frontera believes that the #32 well has successfully served to expand the size of the Mtsare Khevi field's gas potential by as much as 5 times the previously identified recoverable gas estimates associated with the Company's historical work in the field. Situated less than 10 km from the national gas distribution pipeline grid, the new discovery will serve to accelerate the addition of new infrastructure to commence gas sales. Construction engineering plans are currently under review in order to determine the most efficient timeline for installation.



In other operations within the field, the recently drilled Mtsare Khevi #31 well has been placed on production at an expected rate of approximately 10 bbls of oil per day (b/d) from a 7 meter reservoir section. The well penetrated approximately 22 meters of net pay, including 6 meters of gas bearing reservoir sands.



Drilling operations will now continue at the #41 location which is the third of a planned 20 well program over the next 24 months designed to exploit multiple Upper Pliocene sandstone reservoirs situated at a depth of approximately 300 meters.



The Mtsare Khevi Field, which Frontera operates with 100% interest, is located in the western portion of the Shallow Fields Production Unit. In their July 2010 report for the Company, the independent engineering firm of Netherland, Sewell & Associates ("NSA") places a "Best Estimate" for gross original gas-in-place for the Mtsare Khevi Field of 2.6 billion cubic feet, with a "low"-to-"high" range of 2.1-3.1 billion cubic feet; and a "Best Estimate" for associated gross contingent and unrisked prospective resources of 1.5 billion cubic feet, with "low"-to-"high" range of 1.2-1.9 billion cubic feet. Frontera's new internal estimates reflect additional resource potential along the northwest trend of the field's fault block which the Company believes have now been confirmed by well #32. NSA will be asked to evaluate Frontera's assessments for this area once appraisal drilling has been completed during the current campaign.



For oil, NSA places a "Best Estimate" for gross original oil-in-place for the Mtsare Khevi Field of 14.9 million barrels, with a "low"-to-"high" range of 11.3-19.7 million barrels; and a "Best Estimate" for associated recoverable gross contingent and unrisked prospective oil resources of 2.1 million barrels, with a "low"-to-"high" range of 1.4-3.2 million barrels. This assessment is generally consistent with Frontera's internal estimates.





Steve C. Nicandros, Chairman and Chief Executive Officer, commented:



"The successful results achieved by the #32 well are extremely significant in that they not only serve to expand and enhance the value of the Mtsare Khevi field's gas resources, but also confirm the presence of gas in the western portion of Block 12 which may lead to further upside prospectivity. This confirmation provides important technical support for gas exploration efforts related to other fields situated within the Shallow Fields Production Unit as well as our nearby Shale Gas Play Unit where we believe large gas resources are contained in unconventional reservoirs associated with the Maykop shales.



Overall, the success achieved from recent drilling has significantly enhanced the value of the Mtsare Khevi field and will now set us on a course to accelerate gas sales into the local market where prices range from $4 to $6 per mcf. When these gas sales commence, the increase in production will provide Frontera with the additional cashflow to significantly enhance the profile of the Company and contribute to its target of reaching 5,000b/d by the end of 2013."



r frr in Georgia

Fallen like a ton of bricks in a demolition.

Bought some this morning...onwards and upwards!

This from a couple of days ago......FRR one to keep an eye on. tipped in the IC a couple of weeks ago usually KO'd for any share tipped but you never know !


Oil & Gas Sector: Frontera Resources up after 'exciting' results from Georgia well
StockMarketWire.com
Oil and gas explorer and producer Frontera Resources (LON:FRR) is excited by results from the Mtsare Khevi field in Georgia.

It says reservoir modeling simulations indicate that zone one at the No.32 well can potentially flow gas at a rate of approximately 57,000 cubic metres per day - more than twice the original estimate.

Operations are now focused on testing a 9.5-metre section associated with zone two where gas has been flow tested at a rate of approximately 2,200 cubic metres of gas per day (79 mcf per day) on a 6 mm choke and 4,900 cubic metres (173 mcf per day) on a 9 mm choke.

Chairman and CEO Steve Nicandros said: "Ongoing testing operations at the No.32 well continue to confirm the importance of our most recent achievement at the Mtsare Khevi field within our greater portfolio of assets.

"Based on analysis of the results observed to date, we are excited by what this well continues to reveal about the ultimate gas potential of the field and the overall surrounding area."

A lot of great info to be had re FRR on lse bb.

The new broker note due mid to ed of Jan (potential re-rating) combined with the operatinoal update on Mirzaani, perhaps farm - in and the Shale gas play will be transformational.

Trading just above 52 week low with re-structuring finished and the BOD driven to succeed, this is my 2012 multi bagger!

gla

GRA

Mine too ! got in a few months ago at .0165p so a little down on my outlay at the moment,,,but looking for big returns in 2012/13!

Morning SKyhigh,

Mainly over on lse board, but felt the need to get more epxosure for FRR, this is under the radar in many ways!!

There are some fantastic opportunities here, especially with the BEP (Bsain edge play) and Block 12, lets not also forget the gas and how close the pipeline is and how, in relative terms, cheap it is to connect to!!!

GRA

"" 21million shares issued to 3rd parties recently was not to Schlumberger but used to settle payments due to Brokers who assisted with the private placement/debt conversion back in August """ (Again from Symore on iii)

Director buys and the fact we now know why the share price has been depressed Outrider on way in, not DDJ on way out. II's in at 4p etc etc.

These people cant all being taking a 'punt' now can they!!!!

I was in DPL recently, Outrider bought into them, very much like here and within approx a month or so the BOD announced that Ophir had made an offer to buy them which was accepted.

Now Outrider are a class act and make things happen! Do yuo think perhaps that there is a predator out there???

This has now made me sit up. PLainfield not holding is not what we should be looking at Outrider holding IS!!!

Game on imvho

Another good day yesterday, hedl gains.

Awaiting broker report and Mizaani updates.

Expecting higher volume and a return to upward trend from now on!!

gla

GRA

Stabilising at the 1.30p mark which is good, seems to have set a new level for mo.

With OUTRIDER in place and Broker Note AND operations update due this is ready to go!!!!

GRA

and I' ready and waiting! ..... bring it on!

i do feel that our patience will be rewarded.

There are many factors that are holding us back, none more important thasn the lack of nws of course. But i feel that behind the scenes each factor is being dealt with by the BOD and as said before 'the ducks are being lined up'.

yes an RNS regarding operational progress would be great but imagine an RNS or series of RNS that simply compound the company transformation.

1. Operational Update(s)

2. Farm-in partner

3. Holdings (ii)

4. Broker Note

These are what i am expecting to see soon enough. Whilst they may all come rolled in one mega RNS each one has enough importance to significantly push the sp higher, each one adding value to FRR and each resulting in greater exposure to other investors!

So i will wait, the CEO is in London as we speak (courting II's or maybe signing 'deals') and will be attending II presentations as he did last week?

The anticipated Broker Note will be deep with detail, lets face it, the BOD are going to arm them with each and every piece of intel that possible to get the ii's juices flowing!!! Indeed, this alone could be transformational!

So, like i said at the start frustrating, but with so so much on the horizon, bloody exciting!!!!!!!!

gla

GRA

wakey wakey!

dont miss the boat people!!

GRA

RNS..............................

Frontera Resources Corporation (London Stock Exchange, AIM Market: FRR), the oil and gas exploration and production company with assets in the country of Georgia received notification on 25 January 2011 that, on that same day, certain funds and/or accounts managed by DDJ Capital Management, LLC ("DDJ") sold 114,306,000 ordinary shares of US$0.00004 each in the Company ("Ordinary Shares") at a price of 1.2 pence per Ordinary Share. The shares have been placed by finnCap with institutional and other UK investors. DDJ's beneficial interest in the Company following this sale is 330,295,688 Ordinary Shares, representing 15.95% of the Company's total issued share capital. DDJ also retains approximately $11m principal amount of convertible notes due in 2016 issued by an affiliate of the Company.



Joe Lind, assistant portfolio manager of DDJ's high yield strategy, remarked:



"We are pleased to have satisfied our near term portfolio objectives. Frontera and DDJ have shared a long and mutually beneficial relationship. We look forward to continuing this relationship going forward, and we are supportive of the Company and its business plan."

going good today - sp may move some more north very strong buying :-))

Another excllent day!

This is now poised for a major breakout to circa 2p.

Hope so!

The Times Business Section.28.1.2012 Page 54

Tiddler to Watch,

Frontera Resources jumped 11.4% to 1.365p after disclosing that DDJ Capital a Massacusetts-based fund manager,had placed more than 114 million Frontera shares with UK investors through Finncap.After the sale,DDJ still owns nearly 16% of the oil and gas exploration and production company with assets in the former Soviet State of Georgia.

THE WORD IS OUT THERE.............

DYOR

GRA

after friday should open higher monday imo - 2p + this week perhaps

also in FT - so getting good press :-))