Frontier Energy to Purchase up to 20,000 Acres in Western U.S.
* Reuters is not responsible for the content in this press release.
NORTH LAS VEGAS, NV, May 20 (MARKET WIRE) --
Frontier Energy Corporation (PINKSHEETS: FRGY) is pleased to announce today
that it
is increasing its portfolio of prospects to include up to 20,000 acres
located in a Western U.S. state. Per our last PR from March 28th, we are now in
the acquiring stage and are conditioned on financing and resource availability.
Based upon our geologist's initial reports, the prospect has been
estimatedto have potential reserves of 50,000,000 barrels of oil for the entire
prospect.
Frontier Energy will have a 75% working interest in this prospective lease.
This information has not been proven yet and further reports and work will have
to be done to confirm these numbers in detail once the acquisition is complete.
To ensure the success of this prospect, Frontier has begun working with a
well established venture capital corporation to fund the initial exploration and
the ability to drill its first well on the property. "We are extremely
excited about this acquisition and its potential that it brings to our
shareholders," stated Mr. Robert Genesi, CEO of Frontier Energy. "In addition,
we
will shortly update our shareholders on our other leases as well as corporate
activity."
About Frontier Energy Corp.
Frontier is an exploratory oil and gas business headquartered in Las
Vegas,Nevada. The goal of Frontier Energy is to build a solid portfolio of
assetsthrough the acquisition of leases and explore and develop the
opportunitieson 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.
Contact:
Frontier Energy Corporation
Eddie Monet
619-864-0166
Copyright 2008, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters