Frontera Resources, an oil and gas exploration and production company, saw its share leap over 60 per cent on Wednesday after it announced that it has received approval to proceed with the installation of the eight kilometre pipeline and related facilities within the Mtsare Khevi Field from the Georgian government.
The company now expects first production from the field within 120 days and is targeting approximately two million cubic feet per day of gas (57,000 cubic meters per day).
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