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International Frontier Resources Corp V.IFR

Alternate Symbol(s):  IFRTF

International Frontier Resources Corporation (IFR) is a Canadian company that is focused on advancing oil and gas projects. The Company, through its Mexican subsidiary, Petro Frontera S.A.P.I de CV (Frontera), is advancing the development of petroleum and natural gas assets in Mexico. IFR also has projects in Canada and the United States, including the Northwest Territories and Montana.


TSXV:IFR - Post by User

Post by geodude13on Jan 09, 2013 1:26am
333 Views
Post# 20813456

Historical IFR releases may have the answer

Historical IFR releases may have the answer

For those of us that were following IFR in and ~2003 - 2005 (JeddClampet et al and ever his resourceful  donkey); this was an exciting play; with visions of a 10 bagger.. guaranteed....oh how we dreamed.

There was something really wrong with the reservoir / the source rock and cap rock.  Husky had a *itch of a time with drilling the wells; lost tools and motors down hole; fishing programs, big side tracks....  Cost per well was ~$20MM even at that time with no multistage frac programs....expensive long hauls for drilling waste or other escalated cost issues.

Had anyone looked at the degree of physical rock deformation in the region or the regional tectonic deformation gradients; IFR had made a small but profound comment on the degree of fracturing at one time....don't several pay maps look a strangely like lineations?  Is there a reason why they were plotted that way?

Regards

 

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