Frontera Resources Corporation has upgraded its gas in place estimate for the South Kakheti Gas Complex, located in Georgia, following extensive geologic and geophysical studies.
In October, the company announced that its ongoing work had assessed the gas resources associated with its ongoing exploration and production efforts at the South Kakheti Gas Complex to contain as much as 135 trillion cubic feet of gas in place from reservoir targets found between 984 feet and 16,404 feet in depth. Since then, extensive integrated geologic and geophysical studies conducted by the company have continued within the complex and indicated that an additional 52.5 trillion cubic feet of gas in place has been added to the company's previous estimate, bringing the total estimate up to 187 trillion cubic feet.
Frontera is now in the process of completing the second independent assessment of its gas resource estimates associated with the South Kakheti Gas Complex.
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