Search Share Prices
Frontera mobilises equipment to Georgian asset
European-focused oil and gas exploration and production company Frontera Resources was set to see the mobilisation of equipment from its base in Romania to the T-45 well in the Taribani complex of Georgia.
Frontera said on Thursday that it had received notification from its contracted service provider, which will provide pressure pumping equipment and services for the upcoming well stimulation operations, that mobilisation of the equipment would begin on 24 March and was expected to have arrived on site during the first week of April.
Well stimulation operations had been slated to kick off immediately, followed shortly thereafter by well testing.
Frontera's T-45 equipment was then expected to move to the Ud-2 well site at the Mtsare Khevi gas complex and, afterwards, to the Dino-2 well site at the Taribani complex upon completion of its drilling operations there.
As of 0920 GMT, shares had lost 1.22% to 0.40p.