Voice of the Customer

TMCnet - The World's Largest Communications and Technology Community
 
| More
Voice of the Customer Featured Article Archive

TMCNet:  First Quarter 2008 Results and Operations Review

[May 16, 2008]

First Quarter 2008 Results and Operations Review

(Marketwire Via Acquire Media NewsEdge) HOUSTON, TX, May 16 / MARKET WIRE/ --

Frontera Resources Corporation (London Stock
Exchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE),
an independent oil and gas exploration and production company, today
announced results for the quarterly period ended 31 March 2008.

2008 Q1 Financial Highlights

-- Results for the quarter ended 31 March 2008 reflect a net loss of $6.1
million, or $0.09 per share on a fully-diluted basis, in line with the
early stage nature of the company's asset portfolio and expenditures
required to evaluate the company's undeveloped fields and exploration
opportunities.
-- Working capital position of $29 million at 31 March 2008.


2008 Q1 Operational Highlights

-- Taribani Field Unit - Continued Zone 9 development program.
-- Basin Edge Play Unit - Continued extensive exploration drilling
campaign at the "C" Prospect.
-- Shallow Fields Production Unit - Commenced new drilling campaign and
continued profitable production, with oil sale arranged for completion in
Q2.
-- Mirzaani Field Area Exploration Unit - Advanced efforts to farm out
the Mirzaani Deep Prospect in order to accelerate drilling of this large
prospect situated beneath the currently producing Mirzaani Field.
-- Block 12 Area Wide Development Unit - Evolved Frontera's extensive
inventory of undrilled prospects and undeveloped fields in anticipation of
mid-term and long-term value creation opportunities.


Additional updates of the company's ongoing progress can be found at
www.fronteraresources.com.

Notes to Editors:

1. Frontera Resources Corporation is an independent Houston, Texas,
U.S.A.-based international oil and gas exploration and production company
whose strategy is to identify opportunities and operate in emerging markets
around the world. Frontera has operated in Georgia since 1997 where it
holds a 100 percent working interest in a production sharing agreement with
the government of Georgia. This gives Frontera the exclusive right to
explore for, develop and produce oil and gas from a 5,060 square kilometer
area in eastern Georgia known as Block 12. For more information, please see
www.fronteraresources.com.

2. This release may contain certain forward-looking statements, including,
without limitation, expectations, beliefs, plans and objectives regarding
the potential transactions, potential drilling schedule, well results and
ventures discussed in this release, as well as reserves, future drilling,
development and production. Among the important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are: future exploration and development results;
availability and performance of needed equipment and personnel; seismic
data; evaluation of logs and cores from wells drilled; fluctuations in oil
and gas prices; weather conditions; general economic conditions; and the
political situation in Georgia and neighboring countries. There is no
assurance that Frontera's expectations will be realized, and actual results
may differ materially from those expressed in the forward-looking
statements.

Enquiries:
Frontera Resources Corporation
Liz Williamson
Vice President, Investor Relations and Corporate Communications
(713) 585-3216Email Contact
Brunswick Group LLP
Patrick Handley / Mark Antelme
London: +44 207 4045959

Copyright ? 2008 Marketwire

[ Back To Voice of the Customer Community's Homepage ]


FOLLOW US

FREE Voice of the Customer eNewsletter

Subscribe Now

Featured White Papers

  • Seven Best Practices for Speech Analytics: Speech analytics is valuable for identifying issues in the contact center. However, limiting its use to the contact center only considers a portion of all customer interactions and subsequently only reveals a small part of the voice of the customer. This paper discusses how organizations can optimize their Speech Analytics implementation strategy to realize the promise of this exciting technology.
  • Understanding the Voice of the Customer: Today's contact centers involve a sea of information that must be captured, processed, and distributed on a daily basis. Effective use of this information enables companies to remain competitive in an increasingly aggressive and customer centric marketplace. An overwhelming percentage of the information that circulates in a contact center's audio recordings, documents, web pages, and emails is unstructured in that it resides outside of a normal structured database and cannot be managed efficiently. These unstructured items contain valuable information, yet this information historically has been difficult to organize, categorize, and access.

Case Studies

  • Aflac: Aflac, the leading provider of guaranteed-renewable insurance turned to Autonomy to help them automate the process of monitoring their contact center agent for quality and compliance. The company now has a system that can offer continued improvement in agent quality and productivity while enhancing the customer experience. ...
  • Avaya: Avaya, a global leader in business communications, inherited 880 websites as well as numerous intranets and extranets when it was spun off from Lucent Technologies. The sheer volume and diversity of the sites and the over 500 content creators resulted in inefficient content distribution rife with divergent branding, messaging, and product information. ...

Video Showcase

    Interview with Autonomy: Rich Tehrani interviews Simon Hayhurst, SVP of Autonomy

Featured Events

  • Multichannel Analytics with Autonomy Explore: In today's world of constant connectivity there are a variety of direct and indirect channels of communication between an enterprise (or a brand) and its customers. 80% of these valuable interactions are generated in a human-friendly, unstructured format across multiple touchpoints and channels. With this ever growing mountain of information how do you extract the emerging trends and topics of interest to the enterprise? ...
  • SES Chicago 2011: Marketers and SEO professionals attend SES Chicago each year to network and learn about topics such as PPC management, keyword research, SEO, social media, local, mobile, link building, duplicate content, multiple site issues, video optimization, site optimization, usability and more. The conference offers 70+ sessions, intensive training workshops, and an expo floor packed with companies that can help you grow your business. While you're at it, network with peers and leading industry vendors. Programmed by the SES advisory board, you can be assured - SES content really is king! ...
 
 
| More