Frontier Resources International plc
LSE : FRGP

October 10, 2012 02:00 ET

Frontier Resources Oman Limited signs EPSA for Oman Block

                                                                                                               
                                                                                                10 October 2012
                                                                                                   GB00B3K9ML24
                                                                                                               
                                                                                                               
                                     Frontier Resources International Plc
                                         ("Frontier" or "the Company")
                                                       
                           Frontier Resources Oman Limited signs EPSA for Oman Block
                                                       
Frontier  Resources Oman Limited, a wholly owned subsidiary of Frontier Resources International Plc has  signed
an  Exploration and Production Sharing Agreement (EPSA) with the Government of the Sultanate of Oman for a 100%
interest in Block 38, the Mudayy Block. The EPSA is a six year agreement comprising two three year phases.  The
Block  covers an area of 17,425 square kilometers and is located in the Dhofar region of southwest Oman in  the
southern part of the Rub Al Khali Basin. To the west lies the Republic of Yemen and to the east is the prolific
South Oman Salt Basin. Block 38 has had only three wells drilled and is considered prospective for oil and  gas
given the production from the nearby Block 6 operated by Petroleum Development Oman.

Based  on the evaluation of vintage seismic, well data and regional geologic studies Frontier is of the opinion
that  the Block contains an untested salt basin with exploration potentially analogous to the other proven salt
basins  of  Oman. Primary targets are the carbonate stringers embedded in Ara Group salts lying  at  depths  of
between  3,000 and 5,000 meters. Secondary targets include the shallower Haima Play which had minor  oil  shows
during drilling and the deeper Buah Formation which has proven to be gas productive elsewhere in Oman.

Frontier  will conduct geophysical and geological studies during the first phase of the agreement to  determine
the  range of drilling opportunities that may be available. This information will then be used to design  a  3D
seismic survey the results of which will lead to the drilling of a well if a suitable structure is identified.

The  Company  plans  to  immediately start the reprocessing of older seismic data and acquire  aerogravity  and
magnetic surveys early in the new year in preparation for the 3D seismic.

The Directors of Frontier are responsible for the contents of this announcement.

For more information on Frontier, please visit: www.friplc.com

Enquiries should be addressed to:

Frontier Resources International Plc
Jack Keyes, CEO
Telephone: U.S.A +1 (281) 920 0061

Mr. Graeme Thomson
Telephone: U.K. +44 7930 405 921

Corporate Advisers
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 20 7368 6959



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