International Frontier Resources Corporation · TSXV:IFR
International Frontier Resources — Investor Presentation (January 2007)
37 slides from International Frontier Resources's investor presentation, Jan 23, 2007
Slide 1: International Frontier Resources Corporation
International Frontier Resources Corporation INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 2: Corporate Overview @ Dec 31, 2006
Corporate Overview @ Dec 31, 2006 ¾ Symbol IFR on TSX-V ¾ Shares outstanding 42 million ¾ Fully diluted 46 million ¾ Working Capital - $13 million ¾ Management Ownership – 15% (22% FD) INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 3: Exploration Areas
Exploration Areas ¾ Central U.K. North Sea ¾ Southern U.K. North Sea ¾ Central Mackenzie Valley, Northwest Territories ¾ Colville Hills, Northwest Territories INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 4: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 5: North Sea - UKCS
North Sea - UKCS INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 6: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 7: Laurel Valley Prospect
Laurel Valley Prospect Drill Q1,07 QUAD 14 Blocks 14/23(SE/4), 14/28a & 14/29 Oilexco – 45.00% (operator) Palace/CMS – 16.00% Sedco 712 Lundin – 10% Britcana (IFR) – 10.43% (carried) Eternal – 9.18% Gulf Shores – 9.37% INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 8: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 9: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 10: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 11: Lytham & St. Anne's Prospects
Lytham & St. Anne’s Prospects Drill Q2,07 Quad 41/42 Blocks 41/10a,41/5,42/1,42/2a &42/7 Lundin Petroleum AB – 30% (operator) Palace Exploration UK Ltd. – 33.50% Challenger Minerals UK – 10% Britcana (IFR) – 6.25% (pay 5%) Eternal Energy – 10% Gulf Shores – 10% INTERNATIONAL FRONTIER RESOURCES CORPO
Slide 12: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 13: Ridgewood Prospect – Block 12/17a
Ridgewood Prospect – Drill Q3, 2007 Block 12/17a Lundin – 30% (operator) Britcana (IFR) – 15% for 25% Palace Exploration – 25% Gulf Shores – 10% (option) Monarch Oil – 10% (option) INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 14: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 15: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 16: Primary Objective
Primary Objective INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 17: Secondary Objective
Secondary Objective INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 18: Gleneagles Prospect
Gleneagles Prospect North Sea Block 12/23a Endeavour Exploration UK (operator) – 33.33% Hunt Petroleum UK – 33.33% Palace Exploration UK – 28.33% Britcana (IFR) – 5% INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 19: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 20: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 21: Northwest Territories
Northwest Territories INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 22: Winter Drilling (Dec to March)
Winter Drilling (Dec to March) Drilling Logistics ¾ Winter access road $8 - $10 million ¾ Devonian well costs $18 - $20 million ¾ Cretaceous well costs $7 - $10 million Consortium: Husky Oil Operations (operator) EOG Resources Canada Inc. Northrock/Pogo International Frontier Pacific Rodera INTERNAT
Slide 23: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 24: Summit B-44 Discovery Well (2004)
Summit B-44 Discovery Well (2004) ¾ Hydrocarbon Column = 640 feet ¾ Production Tested in 2005 Lower Arnica (Devonian) 11 MMCF/D + 3,250 BC/D (56 API) Upper Arnica (Devonian) 9.9 MMCF/D + 3,035 BC/D (56 API) 10,000 BOEPD ¾ Dual porosity system encountered (Fracture & Matrix porosity) INTERNATIONAL FR
Slide 25: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 26: Summit K-44 Appraisal Well (Q1, 2006)
Summit K-44 Appraisal Well (Q1, 2006) ¾ Cased to 10,300 feet ¾ Devonian Arnica zone interpreted as damaged gas zone ¾ Tighter matrix porosity ¾ Lower Ordovician Mt. Kindle not penetrated ¾ Well-bore can be re-entered to test Devonian or deepen to test Mount Kindle INTERNATIONAL FRONTIER RESOURCES CO
Slide 27: Stewart D-57 Discovery Well (2006)
Stewart D-57 Discovery Well (2006) ¾ First Cretaceous discovery in CMV ¾ Hydrocarbon column 164 feet minimum case 328 feet maximum case ¾ DST# 3 & # 4 tested 5 MMCF/D ¾ Opens new play fairway on EL-397 & on EL-441 (June 07 acquisition) ¾ Significant Discovery Application submitted to the NEB. INTERN
Slide 28: Sah Cho L-71 (2005)
Sah Cho L-71 (2005) ¾Cased to total depth ¾Devonian DST’s encountered gas cut water ¾125 feet in upper Devonian remains un-tested ¾Cretaceous Little Bear and Artic Red need to be tested INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 29: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 30: CMV Exploration Targets
CMV Exploration Targets INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 31: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 32: Colville Hills NWT
Colville Hills NWT ¾ IFR generated prospect partnered with British Gas ¾ Acquired two Exploration Licenses (363,000 acres) ¾ EL 429 work commitment $12.5 million ¾ EL 432 work commitment $4 million ¾ BG Canada – 75%, IFR – 25% ¾ BG operated INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 33: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 34: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 35: INTERNATIONAL FRONTIER RESOURCES CORPORATION
INTERNATIONAL FRONTIER RESOURCES CORPORATION
Slide 36: IFR Summary
IFR Summary ¾ New petroleum system discovered in the CMV. ¾ Eight prospects identified in the CMV. ¾ Three high impact North Sea wells in 2007. ¾ Generating new North Sea prospects. ¾ Pre-drill G&G in progress at Colville Hills. ¾ Strong technical and financial partners. ¾ Potential resource of 80 M
Slide 37: Disclaimer NI-51-101
Disclaimer NI-51-101 The effective date of this corporate presentation is December 31, 2006. The information will be updated as new developments occur. Reserve estimates are referred to as “Prospective Resources”. Prospective Resources are those quantities of oil and gas estimated on a given date to
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