Fremont Petroleum Corporation Limited reported that it has successfully renegotiated a legacy gas sales contract for over one third (35%) of current production which will deliver over USD 100,000 of additional revenue per month. The Company has been able to negotiate significantly more favourable terms on a legacy priced contract for a fixed 4,000MMBtu/d (3,600Mcf/d) of volume, up from USD 2.76/MMBtu (USD 3.04/Mcf) to USD 3.55/MMBtu (USD 3.91/Mcf). Whilst this improved price helps underpin revenue through summer and into winter, the vast majority of Fremont's remaining gas production is uncontracted, allowing the Company to sell this production into the highly buoyant spot market. Securing improved contract prices and reducing other production costs is key to Fremont improving margins on gas sales which are currently tracking at 9.6 MMcf per day.