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frgy (.003) Frontier Energy Corporation Signs LOI to Form Joint Venture with Industry Partner

Thursday, December 20 2007 2:10 PM, EST Business Wire "US Press Releases "
NORTH LAS VEGAS, Nev .--(BUSINESS WIRE)--
Frontier Energy Corporation ("Frontier" or the "Company")(Other OTC:FRGY) has signed an agreement with a Denver -based Oil and Gas corporation, to form a Joint Venture which will significantly expand the company's horizons, opportunities and enhances the probability of long term success. The Joint Venture provides Frontier with a team with expertise and experience in all the major facets of the industry - geology, engineering, land, finance and project management. In addition, a number of first class prospects in three western states are to be developed by the Frontier Joint Venture.
The Black Forest prospect, featured in previous announcements, has been blanketed with approximately 36,000 acres of Federal, State and Fee leases, and the terms of the JV increase Frontier's working interest in this prime prospect, from 25% to 75%. Other projects, including the acquisition of proven and producing reserves are being pursued by the JV. A full description of the JV management team, format and project projections will be included in subsequent News Releases. Frontier's current activities promise a brighter future for the company and the shareholders.
About Frontier Energy Corp.
Frontier is newly-recapitalized exploratory oil and gas business headquartered in Las Vegas, Nevada . Frontier has one gas lease under contract and intends to enter into drilling, completion and distribution agreements to exploit this lease. Frontier also intends to enter into additional leases, as its funding permits.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the oil and gas industry, competitive pricing pressures, completion of possible acquisitions, success at integrating and operating any acquired operations and the availability of necessary financing. These statements speak only as of above date, and Frontier Energy Corp. disclaims any intent or obligation to update them.
Source: Frontier Energy Corporation