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Frontier reveals progress on Owambo Basin blocks
Monday, 6th February 2012
Frontier Resources has revealed progress at its operations in Namibia.It says that since the signing of the petroleum agreement over blocks 1717 and 1817 in the Owambo Basin in October:
* Licence No.0049 over blocks 1717 and 1718 has been issued effective 20 January
* Available seismic data over both blocks has been gathered
* The first phase of re-processing of these older seismic lines has been completed and work on the initial structural interpretation of the reprocessed data has started
* Peace River Group LLC has been retained to provide technical services for the Namibia acreage
Story provided by StockMarketWire.com
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