Sep 07, 2005
North Sea License Award 23rd Licensing Round
International Frontier Resources Corporation ("IFR" TSX-V) today announced the Company has the right to acquire a fifty (50%) interest in two offshore United Kingdom Continental Shelf promote licenses awarded to Palace Exploration Company (United Kingdom) Limited on September 6th, 2005. Palace, as operator has been offered blocks 12/17 and 18/10 in the 23rd round of offshore licensing in the UK sector of the North Sea.
In a news release dated September 6th, 2005 the UK Government stated " A record 152 oil and gas production licenses are on offer to 99 companies under the 23rd Oil and Gas Licensing Round, the highest number since licensing began in 1964. The results, which indicate a vote of confidence in the future of oil and gas exploration in the UK, herald the entry of 24 new firms to the North Sea".
The Company will provide details on the licenses upon execution of formal UK authority documentation.
For additional information on IFR please visit www.internationalfrontier.com or contact;
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This news release is not intended for distribution to US news wire services or for dissemination in the United States and does not constitute an offer of the securities described herein. The Company seeks safe harbor.
View Map of the North Sea 23rd Round Licenses in PDF Format:
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