|Bid||0.14 x 0|
|Ask||0.14 x 0|
|Day's Range||0.12 - 0.14|
|52 Week Range||0.10 - 0.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.35|
International Frontier Resources Corporation (“IFR” or the “Company”) (IFR.V) (IFRTF) is pleased to announce that its joint venture (JV) Tonalli Energia ("Tonalli") has commenced trucking of oil produced at its Tecolutla block for sale to PEMEX.
International Frontier Resources Corporation (“IFR” or the “Company”) (IFR.V) (IFRTF) is pleased to announce the results of the extended testing operation of the TEC-10 well drilled by its joint venture, Tonalli Energia (“Tonalli”) at Tecolutla onshore oil and gas block in Mexico. Daily oil production of the TEC-10 well increased throughout the extended production test from the initial low flow rates observed on July 23, 2018 to more than 175 barrels of oil per day (“bopd”) at the end of the production test on August 6, 2018.
International Frontier Resources Corporation (“IFR” or the “Company”) (IFR.V) (IFRTF) today provided an operations update on its Mexican joint venture, Tonalli Energia (“Tonalli”) and its onshore oil and gas block Tecolutla. At Tecolutla, Tonalli has finalized the completion of three intervals in its first evaluation well, TEC-10. Perforation and stimulation of the TEC-10 well commenced in late June targeting multiple zones in 138m of gross El Abra reef.
International Frontier Resources Corporation (“IFR” or the “Company”) (IFR.V) (IFRTF) is pleased to announce the appointment of a new independent director, R. Glenn Dawson to its board of directors (the “Board”). 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 developing new opportunities, Mr. Dawson has founded several publicly traded oil and gas companies and has been responsible for exploration and production (“E&P”) budgets in excess of CDN$200 million annually, which includes multiple horizontal drilling resource plays as well as conventional oil operations.
VANCOUVER, BC / ACCESSWIRE / May 22, 2018 / It may have taken the better part of a century, but Mexico figured out that their state-owned energy monopoly, PEMEX, was a business model that just wasn't working out. With oil prices climbing to fresh three-and-a-half year highs, all that is changing and the Mexico's oil space is starting to heat up with investment of $150 billion now secured. As it happens, investors' conservative approach worked perfectly in favor of Steve Hanson and his team at International Frontier Resources Corp. (IFR.V) .