Frontera Resources Corporation provide an update on well Dino-2, situated in the Taribani complex of Block 12 in Georgia. The work towards commencement of sidetracking/drilling operations at Dino-2 well in November 2017 is progressing as planned. Drilling permit application has been submitted to the State Agency of Oil and Gas and is expected to be approved by the end of October. The well Dino-2 will be drilled to a target depth of 2700m and, as previously announced on 22 August 2017, Zones 9, 14 and 15 of the Eldari reservoir will be stimulated and produced together. Drilling will be completed in December and the well will be tested before the end of the year. The Eldari reservoir contains a number of stacked pay zones. The Company first drilled the Dino-2 vertical well targeting Zone 9 of the Eldari reservoir in 2008. Following stimulation, this well has provided the Company with a long-term production history from which further wells have been modeled more accurately. Now the company intends to stimulate multiple pay zones in a vertical well (targeting zones 9, 14 and 15). Total thickness of these zones will exceed approximately four times the thickness of Zone 9. Based on the Eldari reservoir modeling, it is expected that the stacked nature of the pay zones should substantially increase productivity per well when compared the historical production from the Dino-2 well. With crude oil at $50/bbl, the company estimates that well cost could be recovered in less than one year from the commencement of production.