Frontera operations at Basin Edge Play Unit

Frontera Resources Corporation, an independent oil and gas exploration and production company, announced that drilling operations at the Lloyd #1 well are continuing at its Basin Edge Play Unit, Block 12, Georgia. Designed to evaluate multiple horizons in Frontera’s Basin Edge “C” Prospect, this well targets primary reservoir objectives at a total depth of approximately 2,700 meters.

At this time, the company expects the well to reach total depth in early December due to a variety of operational delays and contingencies not uncommon with exploratory drilling operations in frontier areas. Frontera intends to report third quarter results and provide an update for all of its operations on November 15, 2007.

Frontera’s objectives within the Basin Edge Play Unit are focused on accessing the resource potential that is estimated by the independent consulting firm of Netherland, Sewell and Associates to be in excess of one billion barrels of recoverable oil for the “B” and “C” Prospects. Of this total, prior to the acquisition of new seismic data suggesting an even larger structure, the “C” Prospect was estimated to contain as much as 500 million barrels of recoverable oil.