Frontera Resources knows no reason for recent share price rise

AIM-listed oil and gas exploration and production company Frontera Resources said on Tuesday that it knows of no specific reason for the recent jump in its share price.

It said the workover operations at the Ud-2 well are progressing as scheduled and there is no further update to the announcement made on 21 September 2017.

"The company will continue to keep the market appraised of any developments."

Earlier this month, Frontera said the workover operation at the Ud-2 well was progressing as planned, that the packer had been successfully retrieved and the well had been cleaned to the depth of 3327m. It said at the time that all three target gas bearing intervals were accessible for testing.

At 1220 BST, the shares were down 1.8% to 0.64p.