International Frontier Resources

International Frontier Resources Announces New Independent Director

July 17, 2018

International Frontier Resources Corporation (TSX-V:IFR) (OTCQB:IFRTF) is pleased to announce the appointment of a new independent director, R. Glenn Dawson to its board of directors. Mr Dawson brings 38 years of oil and gas exploration and management experience in the North American hydrocarbon basins to IFR’s Board. With a strong geological, management and operating background and expertise in discovering and

Onshore Mexico Bid Round 2.3 Will Yield $2 Billion in Investment

July 13, 2017

Mexico’s continuing oil and gas reform: 21 of 24 onshore oil and gas blocks auctioned off in Round 2.3 The winners of the Mexican Energy Reform Onshore Bid Round 2.3 were announced today. Of the 24 blocks available through the most recent auction, 21 were sold to investors from North America and Asia, which Mexico’s oil and gas regulator CNH

IFR Joint Venture Cleared to Bid in Next Mexican Onshore Round

June 26, 2017

The Mexican government estimates fields in Round 2.3 contain 251 MBOE of recoverable resources International Frontier Resources (ticker: IFR) announced Monday that its 50/50 joint venture company Groupo Idesa, Tonalli Energia, is one of 12 companies and seven consortiums named by Mexico’s energy regulator to qualify to bid in onshore Round 2.3 of Mexico’s energy reform. Other bidders for the

Mexico’s CNH to International Frontier Resources: You are Cleared for Takeoff

June 23, 2017

IFR scores approval for Tecolutla evaluation plan; next step–drilling permits Clagary-based International Frontier Resources (ticker: IFR) announced Friday that the company received approval from the National Hydrocarbons Commission (CNH) for its evaluation plan of Block 24 Tecolutla. IFR’s joint venture Tonalli Energia acquired Tecolutla in Round 1.3 of the Mexican energy reform process. The evaluation plan outlines the scheduled work

International Frontier Resources Prepares for 2017 Drilling Program in Mexico

April 26, 2017

International Frontier preps for Tecolutla workovers in the near-term and new drilling in Q3 Calgary-based International Frontier Resources (ticker: IFR) announced its fourth quarter and year-end operating results for 2016 Wednesday. In the company’s release, IFR said it anticipates its Mexican joint venture, Tonalli Energia, will begin wellhead servicing in preparation for workover of existing wells on its Tecolutla acreage

International Frontier Resources Speaking Out on Raising Capital, Winning Bids in Mexico

April 3, 2017

2017 Mexico Energy Assembly: International Frontier Resources to Present on Two Panels International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V: IFR) (OTCQB: IFRTF) today announced that President and CEO Steve Hanson and COO Andy Fisher will participate in panel presentations at the Oil & Gas Council’s upcoming 2017 Mexico Energy Assembly in Mexico City. The event will bring together

International Frontier Resources Now Fully Funded for 2017 Operations in Mexico

March 3, 2017

International Frontier Resources closes financing for C$5.1 million Calgary-based International Frontier Resources (TSX: IFR, OTCQB: IFRTF) announced today that the company closed it previously announced private placement for gross proceeds of C$5.1 million effective March 3, 2017, which consisted of the sale of 18,068,160 common shares at a price of C$0.28 per common share. The brokered portion of the private

IFR Makes Early Dive into Mexico’s Round 2.3

January 19, 2017

IFR has been granted access to the data room for the third tender of Round 2 in Mexico’s onshore oil and gas auction Calgary-based International Frontier Resources (ticker: IFR) announced Thursday that its jointly owned Mexican company Tonalli Energia has registered and been granted access to the National Hydrocarbons Commission (CNH) data room for the third tender of Round Two

Export Development Canada Provides Financial Support for International Frontier Resources in Mexico

January 5, 2017

Export Development Canada to provide half of International Frontier Resources’ performance bond for work in Mexico Calgary-based International Frontier Resources (ticker: IFR) announced today that the company has closed on an Account Performance Security Guarantee (APSG) with Export Development Canada (EDC), a credit agency that supports the development of Canada’s export trade abroad. EDC will provided 50% (US$882,050) of a

International Frontier Identifies High Interest Targets at Tecolutla, Prepares for PEMEX Handover

November 22, 2016

International Frontier Resources Corporation (“IFR” or the “Company”) (TSX VENTURE:IFR)(OTCQB:IFRTF) is pleased to announce that its jointly owned Mexican company Tonalli Energia (“Tonalli”) has identified high interest development targets at its onshore oil and gas development block, Tecolutla. Upon signing the License Contract on August 25th, 2016, Tonalli acquired additional 3-D seismic covering an extended area including and offsetting the Tecolutla

Gear Up for Bigger Blocks in Mexico’s Second Round of Onshore Bidding

November 16, 2016

Mexico’s data room will become available to companies looking to bid in the second round starting December 15 Mexico has been taking large steps to liberalize its oil and gas industry since 2013 when the government decided to end the 77-year monopoly of state-owned PEMEX. Several rounds of bidding have taken place already, and the second round of onshore assets

Mexico’s View on the Next Five Years for Midstream

November 15, 2016

Mexico’s midstream operator CENAGAS looking to invest more than $7.5 billion by 2020 Mexico’s deregulation of its oil and gas sector has many excited about the possibilities of new business coming down the pipes. A great deal of attention has been paid to exploration opportunities in the country, and Tuesday speakers from Mexico’s midstream operator CENAGAS and mid- and downstream

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