Frontier Resources now just a cash shell
23rd Mar 2016 15:37
(ShareCast News) - Frontier Resources became an AIM Rule 15 cash shell on Wednesday, having completed the disposal of Frontier Oman Resources and Frontier Resources International. The AIM-traded firm must now make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14,
Read moreFrontier Resources plunges after new placing
21st Jul 2015 12:03
(ShareCast News) - Shares in Frontier Resources plunged over 10% on Tuesday, after the oil and gas explorer said it raised additional funds via a share placing. The group, which had placed shares to raise £205,000 on 17 July, raised a further £148,413 after issuing 42.4m shares at 0.35p each. In a
Read moreFrontier Resources raises £0.2m with discounted share placing
17th Jul 2015 10:45
(ShareCast News) - Frontier Resources has raised £205,000 by placing 59.6m new shares at 0.35p each. The funds will act as working capital as the group continues to search for a farm-out of at least one of its prospects in Namibia and the Oman. As of 1130 BST, Frontier was trading 41% lower at 0.44
Read moreFrontier Resources shares plunge on funding concerns
10th Sep 2014 10:25
Frontier Resources International, an oil and gas explorer, saw shares tumble on Wednesday after saying in its half-year report that future funding remains uncertain. The company, which is yet to generate any revenues from its assets in Oman, Zambia and Namibia, managed to reduce its loss before tax
Read moreFrontier Resources begins trading on AIM
5th Jul 2013 14:24
Frontier Resources began trading on AIM on Friday with over 110m ordinary shares in issue and a market capitalisation of 6.6m pounds. The oil and gas company, which has three onshore exploration projects in Oman, Zambia and Namibia, raised £1.8m before expenses through the placing of 30m new ordina
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