Frontier Energy Corps Retains Engineering Firm for Geological Evaluation of Texas Property
17 Mars 2008 - 3:04PM
Business Wire
Frontier Energy Corp (Pink Sheets:FRGY), in its ongoing goal to
keep shareholders informed, announces they have signed an agreement
with a Texas Engineering firm for the purposes of determining
reserve estimation and economic projection of the oil, gas and
mineral reserves on a Property. The report shall be in the form
required by Frontier, and in accordance with the requirements of
the Securities and Exchange Commission (SEC) and/or Society of
Petroleum Engineers (SPE), as applicable. The property currently
has 2 new successful wells and what Frontier believes is a large
oil reserve. The report should be completed in short order and
should the report come back positive, Frontier Energy will close on
the lease which includes the existing new wells. Frontier Energy
Corp CEO, Bob Genesi comments, �This is just one of the many
properties we are exploring. We are particularly excited about this
property that was brought to our attention from our consultant Mr.
Bower. One of many we are currently looking at. We look forward to
keeping our shareholders informed about our ongoing positive
developments." About Frontier Energy Corp. Frontier is a
newly-recapitalized exploratory oil and gas business headquartered
in Las Vegas, Nevada. The goal of Frontier Energy is to build a
solid portfolio of assets through the acquisition of leases and
explore and develop the opportunities on the individual leases.
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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