Frontera Resources Completes T-45 Drilling Operations in Georgia

Frontera Resources Corporation (AIM: FRR), the European focused oil and gas exploration and production company, is pleased to announce the successful completion of the drilling operations at the T-45 well, the first well of the three-well drilling campaign at the Company's Taribani complex, situated within the Block 12 license in Georgia.

As previously announced by the Company on 27 February 2018, the well has been deepened to a vertical depth of 2700m into the Eldari formation. Drilling confirmed the presence of 98.9 m of combined pay interval of target Zones 9, 14 and 15. In addition to these target Zones, 14.9m combined pay interval has been confirmed in Zone 13.

The Company confirms that it has observed a number of oil and gas shows during drilling operations.

Cement Bond Logs confirmed excellent cement job integrity around the casing.

Rig down will start immediately and the drilling rig will be moved to the Dino-2 well location for commencing the well sidetracking/drilling operations as soon as the rig up is completed.

Once drilling rig is released from the T-45 well location, wireline and pressure pumping companies will be mobilised to the site for perforation and mechanical stimulation of the target zones with further well testing.