Frontier Resources International has decided to sell its entire stake in Frontier Oman to former chief executive officer Jack Keyes, which is subject to shareholders’ approval. The company will sell the owner of the oil exploration assets in Oman – Frontier Oman – and the technical support subsidiary FRII, according to a company statement. Frontier said it was disposing of the Oman business after failing to find a partner for the project, meaning it could not gather the funding needed to develop the project before the deadline set by authorities in Oman. Block 38, located in the Dhofar Region of southwest Oman, was awarded to Frontier in October 2012. (Times of Oman)