Frontera Resources Tel: (713) 585-3200 Fax: (713) 585-3204 Email: info@fronteraresources.com Frontera Resources Corporation 3040 Post Oak Boulevard, Suite 1100 Houston, Texas 77056 U.S.A. An international oil and gas exploration and production company listed on the London Stock Exchange (FRR)

European focused oil and gas exploration and production company Frontera Resources European focused oil and gas exploration and production company Greater Black Sea Region Focus: Target large underdeveloped oil/gas-bearing basins in emerging markets Oil and Gas contracts in Georgia and Moldova Current operations focus is on extensive asset portfolio in Georgia with giant oil and gas resources situated on doorstep of European consumption markets. Board/Management Team with extensive oil and gas experience 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Greater Black Sea Region Focus 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Oil and Gas Pipelines and Railways Very well developed oil and gas Export and domestic pipeline Infrastructure runs through Block 12 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Resource estimates Oil OOIP 10.2 Billion bbls Recoverable: 1.7 Billion bbls Gas OGIP 12.9 TCF Recoverable: 9.0 TCF Netherland Sewell and Associates reports 2005; 2010; 2015; OGIP 8.3 TCF OOIP 7480 MMBBLS OOIP 1031 MMBBLS OGIP 4.6 TCF OOIP 1110MMBBLS 2,000 kms of 2D and 150 sq km of 3D seismic More than 680 modern and historical shallow and deep wells 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Current Focus Areas Mtsare Khevi Gas Complex Original Gas In Place: 8.3 Trillion Cubic Feet Recoverable Gas: 5.8 Trillion Cubic Feet Taribani field Original Gas in Place: 4.6  Trillion Cubic Feet Recoverable  Gas: 3.2  Trillion Cubic Feet Original Oil in Place: 1,031 Million barrels Recoverable Oil: 155   Million barrels 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Kura Basin Miocene-Oligocene Formations 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Extended Eldari Formation 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Field, Development of Eldari Formation Niko #1 on test Frontera’s near-term focus is to develop Eldari Formation at the Taribani Area, situated between 800m-2,800m The Taribani Area covers 80 km2, potentially extending to 600 km2 Netherland, Sewell & Associates Estimated 1,031 million barrels of oil in place, 155 million barrels recoverable Netherland, Sewell & Associates Estimated 4.6 TCF gas in place, 3.2 TCF recoverable Crude quality is comparable to Brent – 36 to 41 degree API Area penetrated by 41 wells drilled 1962-1981 during the Soviet era; limited production due to poor drilling and completion practices Frontera has acquired, processed and interpreted 60 km of 2D and 150 km2 of 3D seismic over the area, conducted extensive technical field studies, drilled three wells and conducted multiple re-entries/frac-recompletions. Established long term production history, the basis for the development of the Eldari Formation 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Complex Niko #1 on test 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Field, Development of Eldari Formation Taribani field Original Gas in Place: 4.6  Trillion Cubic Feet Recoverable  Gas: 3.2  Trillion Cubic Feet Original Oil in Place:1,031 Million barrels Recoverable Oil: 155  Million barrels 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Eldari Reservoir Core Sample 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Extended Eldari Formation - 250 well locations - 80 Acre spacing - Production: 103m. bbls - Additional 1800 locations 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Field, Development of Eldari Formation Dino-2 Gross Pay Top Depth (m) Bottom Depth (m) Gross Height m ft 1592,0 1597,0 5.0 16.4 1706,0 1715,0 9.0 29.5 1739,0 1743,0 4.0 13.1 1960,0 1966,0 6.0 19.7 2090,0 2100,5 10.5 34.4 2108,0 2115,0 7.0 23.0 2136,0 2139,0 3.0 9.8 2151,0 2161,5 2188,0 2198,0 10.0 32.8 2281,5 2285,0 3.5 11.5 2299,0 2312,0 13.0 42.6 2441,0 2451,0 2473,5 2477,5 2508,0 2511,0 2538,0 2547,0 2551,5 2556,0 4.5 14.8 2574,0 2578,0 2584,0 2586,0 2.0 6.6 2613,0 2619,5 6.5 21.3 2626,0 2633,0 2645,0 2647,0 2651,0 2657,0 Gross Pay 139.5 457.6 In 2008, Frontera Resources executed a fracturing stimulation in the Dino-2 well. The frac included 107,000 pounds of proppant and 875 bbls of crosslinked fluid. From the highlighted section, the well has produced 74,000 bbls and with an EUR of 160,000bbls. This zone accounts for 9.3% of the observable gross pay. *Cores from 2300m to 2305m – 0.85 mD with 15.0% porosity Core analysis has indicated the existence of additional gross pay sections with permeability and porosity exceeding 4mD and 17% respectively. Logs have also confirmed the existence of these gross pay sections. Drilling operations were completed at 2710m. 03/11/2017 Frontera Resources Corporation

Development Well Taribani Field, Development of Eldari Formation Planned Development Gross Pay Top Depth (m) Bottom Depth (m) H m ft 845,5 848,5 3.0 9.8 896,0 903,0 7.0 23.0 969,0 973,0 4.0 13.1 981,0 984,0 1151,0 1166,0 15.0 49.2 1386,0 1395,0 9.0 29.5 1458,0 1464,5 6.5 21.3 1584,0 1590,0 6.0 19.7 1768,0 1777,0 1797,0 1800,5 3.5 11.5 1808,0 1811,5 2142,0 2147,5 5.5 18.0 2154,0 2155,5 1.5 4.9 2191,0 2192,5 2205,0 2214,0 2261,0 2264,0 2277,0 2279,0 2.0 6.6 2355,0 2370,0 2504,0 2507,0 2557,0 2561,0 2605,0 2613,0 8.0 26.2 2616,0 2621,0 5.0 16.4 2635,0 2638,0 2645,0 2647,0 2668,5 2671,0 2.5 8.2 2706,0 2714,0 2718,0 2726,0 Gross Pay 147.5 483.8 Development Well Planned stimulations will include at least 150,000 pounds of proppant and 1,200 barrels of crosslinked fluid. Based on our actual historical results, future development wells will achieve EUR of 1+ million bbls 50 meters 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Taribani Field, Development of Eldari Formation Well Sidetrack 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Oil and Gas pipeline infrastructure 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Mtsare Khevi Gas Complex Niko #1 on test 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Mtsare Khevi Gas Complex Mtsare Khevi Gas Complex Original Gas In Place: 8.3 Trillion Cubic Feet Recoverable Gas: 5.8 Trillion Cubic Feet 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Miocene-aged Gareji gas bearing intervals at Udabno-2 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Mtsarekhevi Gas Complex 03/11/2017 Frontera Resources Corporation

300 km of new seismic acquisition 03/11/2017 Frontera Resources Corporation

Frontera Resources Corporation Oil and Gas Pipelines and Railways Transportation and Marketing Three major oil and gas pipelines and a rail line pass through Block 12 Oil from Block 12 is currently shipped via rail to the Black Sea port of Batumi where it is sold at a premium or discount to Brent based on quality The sale of gas is by contract into the local and regional markets. Sales prices currently are approximately $6.50 per mcf. 03/11/2017 Frontera Resources Corporation