Frontier Resources Sign Deal to Explore Oil, Gas in Oman

Frontier Resources International has signed an agreement with the Government of Oman for a 100% interest in Block 38, the Mudayy Block. It is a six year agreement comprising two three year phases. The Block covers an area of 17,425 sq kms and is located in the Dhofar region of southwest Oman in the southern part of the Rub Al Khali Basin.

Block 38 has had only three wells drilled and is considered prospective for oil and gas given the production from the nearby Block 6 operated by Petroleum Development Oman.

Primary targets are the carbonate stringers embedded in Ara Group salts lying at depths of between 3,000 and 5,000 meters. Secondary targets include the shallower Haima Play which had minor oil shows during drilling and the deeper Buah Formation which has proven to be gas productive elsewhere in Oman.