International Frontier Resources
TSXV:IFR
The Next Energy Leader in Mexico
The Next Energy Leader in Mexico
International Frontier Resources Corporation (TSXV:IFR,OTCQB:IFRTF) is a Canadian-based oil and gas company with a proven track record for advancing projects. Through its Mexican joint venture partnership, IFR is currently focused on the development of oil and gas assets in Mexico’s premier Tampico-Misantla Basin. The company is among the few opportunities to invest in a publicly-traded company in Mexico’s oil and gas sector.
Mexico and its world-class oil field assets represent one of the largest, unprecedented energy investment opportunities available today.
Mexico ranks as the third largest oil producer in the Western Hemisphere and holds the region’s fourth largest oil reserves. For nearly 80 years, state-owned PEMEX was the only player in the country’s oil and gas industry. In 2013, the Mexican government initiated energy legislation to allow for Mexican and foreign companies to invest in the country’s oil and gas sector.
IFR has partnered with Grupo IDESA, one of the largest petrochemical companies in Mexico. In operation for more than 60 years, Grupo IDESA produces and sells petrochemicals into a range of Mexican and international industries. Together, the companies formed Tonalli Energia, a 50/50 joint venture which holds the Tecolutla block in the world class petroleum province of the Tampico-Misantla Basin. The concession was awarded to Tonalli Energia during onshore Bid Round 1.3 under Mexico’s oil and gas energy reform.
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