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Frontera Resources: mobilisation of workover rig to T-16 well

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Oilfield Technology,

Frontera Resources Corporation has announced the mobilisation of a workover rig to T-16 well, situated inside the 80 km2 Taribani field area located in onshore Block 12 in Georgia.

The company has successfully completed a technical study of Taribani wells drilled by a previous operator and has selected the following wells for workover operations: T-16, T-24 and T-31. The intention is to clean these wells and check well integrity for future sidetracking/drilling operations in order to drill and complete the wells in the Eldari B reservoir.

As previously announced, Zones 19, 21, 23 and 24 of the Eldari B interval were penetrated during the drilling of the Niko-1 well, the first well drilled by the company into the Eldari B formation. Testing of the interval confirmed the presence of oil and gas bearing Miocene aged marine sandstones with good reservoir properties. T-39 was the second well drilled by the company into Zone 19 of the Eldari B reservoir.

As previously announced, the company's CPR produced by Netherland, Sewell & Associates estimates 51.3 million bbls from Zones 19, 21, 23 and 24 of the Eldari B formation, situated between 3000 m and 3400 m interval, supporting management's view of the significant potential of the Eldari B formation. The Gareji formation, situated below the Eldari B reservoir in the Taribani field, is further estimated to contain 3.2 trillion ft3 of recoverable gas according to the CPR estimates.

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