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Oil Capital

Frontera Resources to unlock 'huge' crude potential in Georgia

Formed back in 1996, Frontera Resources Corporation (LON:FRR) is an oil and gas exploration and production company focused predominately in Georgia.

''We're sitting on quite a volume of gas in Georgia'', president and chief executive Zaza Mamulaishvili tells Proactive.

''12 tcf of natural gas from which 9 tcf is recoverable ... and almost 788 mln barrels of crude oil''.

''This is what we're sitting on right now and we're trying to unlock and start production of that crude oil starting this year''.

 

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