Frontier Resources International Plc, an onshore oil and gas explorer with assets in Oman, Zambia and Namibia provided Thursday the following operational update on its upstream activities in the Sultanante of Oman and Zambia.
Frontier's 100 percent owned Block 38 (the Block) is located in the Rub Al Khali Basin in southwest Oman and covers a surface area of approximately 6,727 square miles (17,425 square kilometers). An Exploration and Production Sharing Agreement (EPSA) was signed Nov. 25, 2012. Frontier is the operator.
While the interpretation of available legacy 2D seismic data, both original and re-processed, continues, the Company has now identified several leads, one of which may have sufficient seismic coverage to be considered suitable for drilling.
As announced by the Company Oct. 28, 2014, Frontier is also actively engaged in seeking industry partners to participate in Oman Block 38 and there has been a good response to date from potentially interested parties. Discussions are continuing and a further update will be provided in due course.
The Company has filed for an extension to its Exploration License in Zambia which was granted for an initial four year term March 25, 2011.
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