Frontera provides operations update

Frontera Resources Corporation announced an update of operations at its Shallow Fields Production Unit, Block 12, Georgia.

Since the beginning of the year, existing production operations have continued to yield production of approximately 80 barrels per day of 28 degree API oil from multiple oil and gas bearing reservoirs situated within the Shiraki formation at depths of 400 meters to 1,200 meters.

In the past two months, five existing wells within the field have been prepared for re-entry radial drilling operations, and a specialized drilling unit is currently scheduled to arrive on location in mid-May to commence work. The radial drilling rig is similar to a coiled tubing unit and is designed to drill multiple short-reach lateral well bores from existing wells into producing formations to enhance well productivity.

The application of radial drilling to existing wells is expected to add new production of as much as 10-20 barrels per day per well from reservoirs situated at depths of approximately 1,200 meters. Total cost for the five-well program is estimated to be approximately $600,000. Frontera believes that radial drilling will increase production in a cost-effective manner and establish the basis for additional well re-entries and the drilling of new wells in undeveloped portions of the field.

Source : http://www.fronteraresources.com/