International Frontier Resources Corp. (
TSX: V.IFR,
IFRTF,
Forum) said Monday that its jointly owned Mexican company Tanalli Energia has qualified as one of 12 companies and seven consortiums to bid on up to 14 on shore oil and gas development blocks in bid round 2.3, scheduled for July 12, 2017.
More information can be found
here.
International Frontier said the Mexican government estimates that the blocks contain total prospective exploration resources of approximately 251 barrels of crude equivalent and remaining original extraction volumes of approximately 328 barrels of crude oil equivalent.
International Frontier was in the news recently when
its joint venture company Tonalli Energia was awarded the on shore oil and gas development Block that is referred to as Tecolutia.
The Tecolutia Block is a 7.2 square kilometre block located in the Tampico-Misantla Basin located in the state of Veracruz.
FULL DISCLOSURE: International Frontier Resources Corp. is a paid client of Stockhouse Publishing.