Jan 24, 2007
GSF contracted to drill North Sea Ridgewood Prospect
International Frontier Resources Corporation ("IFR"- TSXV) reports that the operator of the Company's Ridgewood Prospect has contracted the GSF Galaxy 11 for drilling operations in Q3/07. A site survey is currently in progress to determine the exact sea floor co-ordinates for the well location.
Britcana Energy Ltd, a wholly owned U.K, subsidiary of IFR, acquired a 50% interest in the Ridgewood Prospect covering block 12/17b in last years 23rd Licensing Round. The Company has entered into two farmin option agreements that if exercised will see Britcana pay 15% of the well costs to retain a 25% interest in block 12/17b.
The Ridgewood prospect will be the third well in a three well, high impact drilling program, slated for 2007. The Company's Laurel Valley prospect will be drilled in Q1/07, followed by the Lytham prospect in Q2/07 and the Ridgewood prospect in Q3/07.
For additional information visit www.internationalfrontier.com or contact;
Phone: 403 215-2781
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