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Frontera Announces About the Renovation of Natural gas Exploration

Frontera Announces About the Renovation of Natural gas Exploration

Frontera Resources announces an operations update for its work in the South Kakheti Gas Complex’s Gas Window initiative.

Operations at the Udabno#2 well are now continuing in May. Frontera plans to undertake a testing program designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness where internal reservoir engineering models estimate production capability in the range of 10 million – 20 million cubic feet per day of gas.

“Our technical work at the South Kakheti Gas Complex continues to reveal a new and significant gas province within a broader regional fairway that is already the basis for the Southern Corridor’s extensive gas infrastructure network to Turkey and Europe. Strategically situated along this important gas export route, Frontera’s ongoing operations hold the potential for not only assuring Georgia its own domestic energy independence, but for also making it an important player in Europe’s future energy security”, – Steve C. Nicandros, Chairman and Chief Executive Officer, commented.

The company announces works on new 37 well plans to exploit approximately 1 TCF of gas. To remind, Frontera talks about the significant natural gas reserves in Georgia, but it requires feasibility study and approval.