Frontier Energy Corporation Signs LOI to Form Joint Venture with Industry Partner
21 12์ 2007 - 4:12AM
Business Wire
Frontier Energy Corporation (๏ฟฝFrontier๏ฟฝ or the ๏ฟฝCompany๏ฟฝ)(Other
OTC:FRGY) has signed an agreement with a Denver-based Oil and Gas
corporation, to form a Joint Venture which will significantly
expand the company๏ฟฝs horizons, opportunities and enhances the
probability of long term success. The Joint Venture provides
Frontier with a team with expertise and experience in all the major
facets of the industry ๏ฟฝ geology, engineering, land, finance and
project management. In addition, a number of first class prospects
in three western states are to be developed by the Frontier Joint
Venture. The Black Forest prospect, featured in previous
announcements, has been blanketed with approximately 36,000 acres
of Federal, State and Fee leases, and the terms of the JV increase
Frontier๏ฟฝs working interest in this prime prospect, from 25% to
75%. Other projects, including the acquisition of proven and
producing reserves are being pursued by the JV. A full description
of the JV management team, format and project projections will be
included in subsequent News Releases. Frontier๏ฟฝs current activities
promise a brighter future for the company and the shareholders.
About Frontier Energy Corp. Frontier is newly-recapitalized
exploratory oil and gas business headquartered in Las Vegas,
Nevada. Frontier has one gas lease under contract and intends to
enter into drilling, completion and distribution agreements to
exploit this lease. Frontier also intends to enter into additional
leases, as its funding permits. Except for the historical
information presented, the above statements are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 or regulations there under. These
forward-looking statements are subject to risks and uncertainties,
and actual results may differ materially. These risks include the
economic health of the oil and gas industry, competitive pricing
pressures, completion of possible acquisitions, success at
integrating and operating any acquired operations and the
availability of necessary financing. These statements speak only as
of above date, and Frontier Energy Corp. disclaims any intent or
obligation to update them.
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