Frontera Resources Corporation provided an update regarding interim results on testing of the Ud-2 well, situated inside the 950km2 Mtsare Khevi Gas Complex area, located in onshore Block 12, Georgia. After perforation and small-scale mechanical stimulation of a 20m thick interval of the Miocene-aged Gareji reservoir, situated between 2,600m – 2,620m, the well started to flow natural gas, which has been flared during cleanup. The natural gas quality satisfies all requirements of the applicable GOST standard and corresponds to the applicable regulations of the State Standard 5542-87, which makes it acceptable for distribution through Georgia's natural gas grid. The natural gas quality matches expectations and samples of natural gas from the Miocene-aged Gareji reservoir in other wells of the Mtsarekhevi Gas Complex and the Taribani Complex. Together with natural gas, the Ud-2 well is flowing hematite (used by previous operator as a weighting material for Ud-2 drilling mud) and water (used during small-scale mechanical stimulation). The gas flow rate has increased with progressing of the cleanup of the well. Once the well cleanup is completed and a stabilized gas flow is established, the Company will update the market regrading accurate gas flow volumetrics. As previously announced, the Ud-2 well had been drilled by a previous operator with significant gas shows recorded while drilling in the Gareji and Maykop reservoirs between 2,450m and 5,289m, with drilling mud weights of 17.5 ppg and 17.9 ppg respectively. Based on the Netherland, Sewell & Associates resource estimate, the Gareji and the Maykop reservoirs of the Mtsare-Khevi Gas Complex are estimated to contain 8.3 TCF of Gas in Place (OGIP), with 5.8 TCF considered to be recoverable. As previously announced, the Company is in the process of completing technical design of the 18km natural gas pipeline connecting the Ud-2 well with the Mtsare Khevi gas processing facility (which is connected to Georgia's natural gas distribution grid). The Company is also in the process of securing right of way for this new flow line.