Apr 15, 2011
Frontier Files 2010 Year End Documents
International Frontier Resources Corporation ("IFR or the Company") has released its financial and operational results for the year ending December 31, 2010. In the period the Company incurred a net loss of $6,223,375 ($0.10 per share) versus a net loss of $14,713,450 ($0.25 per share) in the period ending December 31, 2009. The net loss in 2010 is the result of depletion, depreciation and an impairment of oil and gas properties which in aggregate amount to $5,468,705 (2009 $9,239,980). The impairment of oil and gas properties in 2009 and 2010 is the result of the Company participating in 6 dry holes in the North Sea coupled with a write down in costs incurred in the Central Mackenzie Valley, NWT.
The company has filed its audited financial statements and related management discussion and analysis for the year ending December 31, 2010 on SEDAR. The company has also filed on SEDAR its annual information form as mandated by National Instrument 51-101 (standards of disclosure for oil & gas activities).
The company's shares are listed on the TSX-V trading under the symbol "IFR". For additional information on the company please visit www.internationalfrontier.com or contact:
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." This news release includes forward looking statements for which the Company seeks
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