Frontera Resources ups gas-in-place estimate for Georgia complex
23rd Dec 2015 11:07
(ShareCast News) - Oil and gas exploration and production company Frontera Resources upgraded its estimate for the gas in place at its South Kakheti Gas Complex in Georgia. Frontera said that since its announcement in October, it has carried out extensive geologic and geophysical studies and it has
Read moreFrontera Resources appoints new executive director
18th Jun 2015 08:54
Zaza Mamulaishvili has been appointed as an executive director at Frontera Resources, the oil and gas explorer confirmed on Thursday. Mamulaishvili, the group co-founder and currently serving as president of the company, has been the general director of the group's business in the Black Sea region s
Read moreFrontera Resources jumps on Georgian project update
20th Apr 2015 10:54
Shares in Frontera Resources jumped by over a tenth on Monday after the oil and gas explorer said it estimated up to 8.29trn cubic feet of in-place gas at the Mtsare Khevi project in Georgia. In a statement released on Monday, the London-listed group said there could be as much as 6.15trn cubic feet
Read moreFrontera Resources soars amid assets expansion in Georgia
11th Dec 2014 11:24
Oil and gas developer Frontera Resources Corporation said its assets in Georgia look set to increase production in 2015. The group said that it has completed expansion of its gas processing and sales facilities as well as successfully drilling well number 34 on the Mtsare Khevi gas complex in Georgi
Read moreFrontera Resources dips despite progress reported
2nd Jan 2014 09:14
Frontera Resources reported progress towards selling gas from its Mtsare Khevi Field in Georgia. Testing and final regulatory approval of the installed 14km system is nearly complete ahead of first gas sales. AIM-listed Frontera said it believed production from currently shut-in gas wells could
Read moreFrontera Resources says full year loss narrows
28th Jun 2013 12:53
Shares in Frontera Resources jumped after the oil and gas company reported slightly higher revenues and smaller losses. It said full year pre-tax losses had shrunk to $8.9m from $119.9m and revenues had edged up £77,205 to £7.5m. The company also said it continued to make progress in the planned
Read moreFrontera production levels drop below forecasts
6th Jun 2013 08:32
Eastern Europe-focused oil developer Frontera Resources has disappointed investors with news that oil production has fallen below expected levels. Less than 30,000 barrels of oil were produced from its Georgian operations in the five months from January 1st to June 1st, compared to 20,000 in the p
Read moreFrontera Resources rockets on installation approval at Mtsare Khevi
13th Mar 2013 08:14
Frontera Resources, an oil and gas exploration and production company, saw its share leap over 60 per cent on Wednesday after it announced that it has received approval to proceed with the installation of the eight kilometre pipeline and related facilities within the Mtsare Khevi Field from the Geor
Read moreFrontera Resources falls on delay
7th Dec 2012 12:17
Frontera Resources, an oil and gas exploration and production company, is down following news that it has still not received the required permits to build an 8kn gas pipeline in Georgia at the Mtsare Khevi field. This is delaying gas sales from wells, which the company believes could produce abou
Read moreRandgold Resources CEO sells three million quid's worth of shares
14th Nov 2012 16:30
- Please note: This is a revised version of a story which previously contained information that was incorrect. After what has been a less-than-impressive year, the Chief Executive of FTSE 100 gold miner Randgold Resources, Mark Bristow, sold more than three million pounds worth of shares. Bristo
Read moreFrontera Resources raises funds with issue of 125m new shares
19th Sep 2012 07:56
Frontera Resources, an oil and gas exploration and production company, has raised funds through a drawdown from its previously announced SEDA facility, with the funds being used to advance the company's work programmes. The drawdown, which raised £624,804, was undertaken at a price of 0.49875p pe
Read moreResource round-up: Sirius Petroleum, Thor Mining, KEFI Minerals ...
31st Jul 2012 11:53
Gold and copper exploration company KEFI Minerals pleased investors after it said tests on a site in Saudi Arabia confirmed the presence of high grade gold and silver over substantial widths and strike lengths. It said diamond drilling would begin at the Jibal Qutman Licence in the current quarter.
Read moreResource round-up: Frontera, Ariana, Copper Development, Gold Oil
29th Jun 2012 11:36
Frontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m d
Read moreHydrodec non-exec buys one million shares
17th Feb 2012 15:59
A non-executive director of Hydrodec, the "clean" oil re-refining group, has purchased one million shares in the AIM-listed firm. Andrew Black bought the shares at 14.38p for a total of £143,700, taking his total number of shares to over 57m. The purchase came just one day after the firm announc
Read moreSmall caps round-up: CareCapital, Ultima, Digital Learning...
31st Jan 2012 12:39
Real Estate investment firm CareCapital has announced it is to forward-sell individual projects to third party landlords in a bid to ensure that financial risk to the group is minimised without forgoing or reducing development profits. The projects have a combined value of £21.8m, of which £14.6m-wo
Read more