On 23 July 2020, the Georgian Government (the Government) and Frontera Resources (Frontera) settled their dispute regarding Block XII, in eastern Georgia (South Caspian Basin). Frontera agreed to relinquish more than 99% of the 5,060 sq km Block XII, while the Government allowed Frontera to maintain contract areas encompassing its fields. Frontera's new contract areas: Mirzaani (17.2 km2), Taribani (17.66 km2), Patara-Shiraki (1.96 km2), Bayda (3.71 km), Nazarlebi (0.49 km2) and Mtsarekhevi (1.59 km2), totaling 42.61 sq km.
Georgia (South Caspian B.) ? op. by FRONTERA (100%) in Block XII