Frontera Resources Corporation Republic of Moldova Hydrocarbon Bid Winner (2755P)
16 November 2016 - 6:00PM
UK Regulatory
TIDMFRR
RNS Number : 2755P
Frontera Resources Corporation
16 November 2016
Houston, Texas, U.S.A. - 16 November 2016
Frontera Resources Corporation
("Company")
Frontera Wins Bidding for Hydrocarbons Exploration and
Development in the Republic of Moldova
Frontera Resources Corporation (AIM: FRR), an independent oil
and gas exploration and production company, announces that its
fully owned subsidiary Frontera Resources International LLC has
been chosen as winner of the bidding for exploration and production
of hydrocarbons in the Republic of Moldova.
Following completion of the bidding, Frontera Resources
International LLC and the Government of Moldova are set to conclude
respective agreements on the hydrocarbons exploration and
development. These agreements are subject to both Frontera
Resources International LLC and the Government of Moldova
negotiating suitable terms for the exploration and development of
hydrocarbons outlined in the initial bidding process.
The bidding was conducted by the Agency of Geology and Mineral
Resources of the Ministry of Environment of the Republic of Moldova
pursuant to the resolution of the Government of the Republic of
Moldova.
The Company will inform the market in due course on further
developments.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Frontera Resources Corporation
Jesse Jefferies
+1 (713) 585-3216
info@fronteraresources.com
Financial PR/IR:
Abchurch
George Robinson / Rebecca Clube
+44 (0) 20 7398 7700
fronterainfo@abchurch-group.com
Nominated Adviser
Cairn Financial Advisers LLP
+44 (0) 20 7213 0880
Jo Turner/ Liam Murray
Broker
Cornhill Capital Limited
Nick Bealer
+44 (0) 207 710 9610
This information is provided by RNS
The company news service from the London Stock Exchange
END
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