Press Release 10th November 2016
Frontera Resources Corporation
(“Frontera” or “the Company”)
Investor Conference Call
Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration company is today, as previously announced, holding a conference call to update analysts and investors at 17.00 GMT.
The CEO, Steve C. Nicandros, will host the call followed by a discussion of pre-submitted questions.
No new material information will be released on the call.
To participate in this conference call please dial in to 0203 425 3098 (UK Toll Number), 0800 279 5622 (UK Toll-Free Number) using the participant PIN 813189#.
If you are unable to listen to the live call, a recording of the update call will be available on the Company website for 7 days www.fronteraresources.com
For further information please contact:
Frontera Resources Corporation
Jessie Jefferies Tel: (713) 585 3216
Cairn Financial Advisers LLP (Nominated Advisor)
Jo Turner/ Liam Murray Tel: +44 (0)20 7148 7900
Cornhill Capital Limited (Broker)
Nick Bealer Tel: +44 (0)20 7710 9610
Abchurch (Financial Public Relations)
Tim Thompson/ George Robinson/ Rebecca Clube Tel: +44 (0)20 7398 7700
Notes to editors
About Frontera Resources Corporation
Frontera Resources Corporation is an independent Houston, Texas, U.S.A.-based international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets in Eastern Europe around the Black Sea. Frontera Resources Corporation shares are traded on the London Stock Exchange, AIM Market – Symbol: FRR. For more information, please visit www.fronteraresources.com.
1. Information on Resource Estimates: The independent contingent and prospective resources estimates contained in this announcement were determined by the independent consulting firm of Netherland, Sewell & Associates (NSA) in accordance with the definitions and guidelines set forth in the 2007 Petroleum Resources Management System (PRMS) adopted by the Society of Petroleum Engineers (SPE). Internal resources estimates were determined by the Company. Gerard Bono, Frontera’s Vice President and Chief Reservoir Engineer, who is a member of the SPE, is the qualified person who reviewed and approved both independent and internal estimates in this announcement.
2. This release may contain certain forward-looking statements, including, without limitation, expectations, beliefs, plans and objectives regarding the transactions, work programs and other matters discussed in this release. Exploration for oil is a speculative business that involves a high degree of risk. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: risks inherent in oil and gas production operations; availability and performance of needed equipment and personnel; the Company’s ability to raise capital to fund its exploration and development programs; seismic data; evaluation of logs, cores and other data from wells drilled; inherent uncertainty in estimation of oil and gas resources; fluctuations in oil and gas prices; weather conditions; general economic conditions; the political situation in Georgia and relations with neighboring countries; and other factors listed in Frontera’s financial reports, which are available at www.fronteraresources.com. There is no assurance that Frontera’s expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.
3. Glossary of Terms: BCF – means Billion Cubic Feet of gas. TCF – means Trillion Cubic Feet of gas. Mcf – means Thousand Cubic Feet of gas. OOIP – means Original Oil in Place. Bopd – means Barrels of Oil Per Day.