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International Frontier Resources Corp V.IFR

Alternate Symbol(s):  IFRTF

International Frontier Resources Corporation is a Canadian company, which is focused on advancing oil and gas projects. Through its Mexican subsidiary, Petro Frontera S.A.P.I de CV (Frontera) and strategic joint ventures, it is advancing the development of petroleum and natural gas assets in Mexico. It also has projects in Canada and the United States, including the Northwest Territories, and Montana.


TSXV:IFR - Post by User

Post by geodude13on Mar 21, 2013 2:08am
424 Views
Post# 21262931

MGM may not have found what IFR found

MGM may not have found what IFR found

In a very simple comparison, IFR/Husky found reservoir pressure that appears to have far exceeded the MGM shale oil well news release.  The MGM thread is toxic at the moment...maybe a bit of reasonable dialogue is warranted from the IFR thread?  I suspect Husky may have seen some pressure gradients from the erly to mid 2000's well programs and that's why they chose to pay a premium for those blocks.  It speaks well for IFR; maybe not so good for those lands to the east..?? 

What is glaringly obvious is the absence of natural gas volumes in the MGM press release.  Clearly the Canol and Bluefish appear to be "under-pressured"; Bluefish didn't return the frac fluid and the Canol fracs are short fluid returns too....not entirely clear.

I think what is clear is this part of the MacKenzie valley won't give up its resources easily and there will need to be some big risks taken in understanding the geology....

IFR is almost broke but isn't overly diluted in terms of shares issued but MGM may not be that lucky; I think you'll see a few more seismic programs and a few more vertical programs to better understand the geospatial variability of the Canol and related formations before massive dollars are spent on commercial production. 

IFR's so called "partner" can afford to take measured steps in making the most of the play; I just don't know if IFR can leverage Husky to do something with the common land position.

I've posted previously that the historic pay plots are linear features imply the traps are structural; how fractured is the oil shale and what pressures are associated with the shales...the traps look to be lenticular or lobate so is the source rock intact to the point that the oil is still there?  The gas seems not to be uniformly present as one may anticipate in the oil shales. 

If the MGM news release did anything, it made the IFR holdings more valuable in my opinion. 

Here's hoping....?

Regards,

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