Frontier Resources International plc

April 08, 2011 02:01 ET

Granting of Petroleum Exploration Licence in Zambia

                                                                                                  08 April 2011
                                     Frontier Resources International Plc
                                       ("Frontier" or the "Company")

                              Granting of Petroleum Exploration Licence in Zambia
Frontier,  the  PLUS quoted (PLUS - FRGP) oil exploration and production company, announced on 1 February  2011
that  the  Company  had  been awarded a Petroleum Exploration Block 34 by the Zambian  Ministry  of  Mines  and
Minerals Development on the completion of the licence application process.

Frontier  has  now  completed the licence application process and is pleased to announce the Company  has  been
granted  the  Petroleum  Exploration Licence Block 34. The licence is for  an  initial  four  year  period  and
commenced on 25 March 2011.

The  Block,  covering approximately 6,000 square kilometers, is located in the Kafue Trough  southwest  of  the
capital  Lusaka. This area has had no previous hydrocarbon exploration but may form a part of the  southwestern
extension of the productive East African Rift System.

This  is  the first exploration licence in the southern African region that has been awarded to Frontier  where
the  Company plans to pursue additional opportunities. The Company has started the initial geological study  of
the  Block prior to undertaking aeromagnetic and aerogravity data in the future. The Company's existing oil and
gas producing properties are onshore Texas.

The Directors look forward to updating shareholders on progress.

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

Frontier Resources International Plc
Mr Jack Keyes
Telephone: U.S. +1 (713) 962-0887

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

Contact Information

  • Frontier Resources International plc