Jun 16, 2005
Exclusive License Acquired for Sidox in Canada
International Frontier Resources Corporation ("the Company - IFR" TSX-V) reported today that the Company's wholly owned subsidiary, Sidox Chemicals Canada Ltd.("SCC") has acquired an Exclusive Canadian License for the chemical compound Sidox. Sidox is a patented oil production enhancement technology that SCC is working on for commercial use in Canada. Concurrent with acquiring the License, Enhanced Recovery System Ltd., the owners of an international patent for the Sidox technology, elected to acquire a 50% shareholding SCC. The Company (100%) is currently conducting phase two of a pilot project on the Alderson Lower Manville M2M pool located in the Brooks area of southern Alberta.
The Company also reported today it has elected to participate in a 2D seismic program covering up to 250 kilometers located on EL-397 in the Central Mackenzie Valley, NWT. The seismic survey has been designed to identify additional drilling locations on the south half of EL-397 immediately south of the Summit Creek B-44 discovery well that was production tested at rates of approximately 10,000 barrels of oil equivalent per day in Q-1, 2005. The seismic program is scheduled to commence in July and be completed in September 2005.
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