Frontera Resources Corp., Houston, said it strengthened its balance sheet and plans to launch a new work plan for Mtsare Khevi and Mirzaani oil fields in the Shallow Fields Production Unit in Georgia.
Frontera, with a 100% interest in onshore Block 12 in the underexplored Kura basin, sees the potential to increase production to as much as 5,000 b/d from 225 b/d (OGJ, Nov. 26, 2007, p. 32). The company promised to provide more detail next month.
