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COPYRIGHT 2006 PR Newswire Association LLC
HOUSTON, June 30 /PRNewswire-FirstCall/ -- Frontera Resources Corporation , an independent oil and gas exploration and production company, today announces an update of its drilling operations and completion of an extensive 3D seismic survey within its onshore exploration and production license in the eastern portion of the country of Georgia known as Block XII.
Taribani Field Unit - Drilling Operations
In February 2006, Frontera began a three-well drilling program to reenter existing wells in the Taribani Field to determine whether sustainable commercial production could be established from undeveloped oil bearing horizons. Frontera believes targeted horizons can be effectively developed and produced with the use of conventional horizontal drilling, completion and associated production engineering techniques the company has tailored specifically for the Taribani Field. Extensive data collection and production testing results from the three-well program will collectively provide Frontera with the necessary technical data needed to determine whether or not the Taribani Field can be commercially developed.
In April 2006, Frontera completed horizontal drilling operations at the first well in the three-well program, the Dino #2. This well was designed to evaluate multiple horizons within the field, with a primary objective of a final horizontal completion into Zone 15 at a total depth of approximately 2,700 meters.
Once the horizontal portion was completed, an extended testing program commenced on the Dino#2, which is expected to continue through the end of August. Testing is being conducted at a pre-determined series...
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