Securing the Tecolutla Block in Mexico's first onshore licensing round provides first-mover advantage in future licensing rounds with strong Mexican partner Grupo Idesa
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MEXICO

Large Energy Opportunity
De-nationalization of a large hydrocarbon producing country will take place over the next four years in a country with excellent access to civil infrastructure, oilfield services and a transparent investment framework within the North American Free Trade Agreement (NAFTA).

Access to Large Existing Fields
Multiple large conventional onshore oil fields with significant upside for the application of modern technology and exploration step out opportunities into tighter reservoirs that may result in significant increases in recoverable reserves.

Industry leading joint venture
Tonalli was formed combining strengths of Mexican petro chemical leader Grupo Idesa and Canadian oil and gas company International Frontier Resources which will allow for leading edge technology deployment, field development, operational efficiency and access to global capital.