International Frontier Resources Benefitting from the Mexican Oil Industry

International Frontier Resources Corp. (TSX-V:IFR) is going to be getting in on the Mexican oil industry, which has recently been opened up to local and foreign companies. With many untapped and under-explored locations, Mexico is going to be a great resource for International Frontier in terms of its goal to become a leader in energy.

There have been hundreds of oil and gas fields in Mexico made available to local and foreign companies, now that PEMEX has relinquished its monopoly hold over the state-run energy sources. In addition, existing projects of PEMEX will be handed out for other companies to take over – and International Frontier plans to fully take advantage of this rare opportunity.

Its main focus will be on onshore sites. Last year, International Frontier put in a bid and won a highly prospective block of land called Tecolutla, which is located in the Tampico-Misantla Super Basin. As of yet, this basin has been highly under-explored and could hold up to 2.5 billion barrels of equivalent (BOE). Tecolutla was acquired through International Frontier’s Mexican-Canadian joint venture company Tonalli Energia, and through a 50-50 joint venture with Mexican petrochemical leader Grupo IDESA. In November of 2016,