Petroleum Africa
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Tuesday, March 25, 2014
Frontier Resources updated its activities in Zambia and Namibia. The company holds Zambia’s Block 34 and Namibian Blocks 1717 and 1817. The company said it is pleased with the encouraging results obtained to-date from the evaluations completed during 2013 and is now preparing to proceed with the next phase of operations.
The next phase of operations in the two southern African countries includes the acquisition of new block-wide airborne gravity and magnetic data in Zambia and an additional soil gas sampling survey and 2D seismic data acquisition program in Namibia.
During Q1 Frontier has started to approach industry partners with the intention of farming down its stake in both Zambia and Namibia. As part of this potential farm-out process the company has established an online virtual data-room to facilitate data review by interested parties.
During Q2 2014 Frontier will open a virtual data room for parties interested in farming in to Oman Block 38.
Jack Keyes, Frontier’s CEO, said: “The results of the recent geological, geophysical and geochemical work in both Namibia and Zambia have been very encouraging and the company now considers it timely to attract industry partners to join in our ongoing exploration activities.”
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