InvestorsHub Logo
Followers 4
Posts 1565
Boards Moderated 0
Alias Born 05/24/2007

Re: None

Wednesday, 03/05/2008 10:06:59 AM

Wednesday, March 05, 2008 10:06:59 AM

Post# of 137480
Frontier Energy Corporation Completes Lease Acquisition

NORTH LAS VEGAS, Nev., Mar 05, 2008 (BUSINESS WIRE) -- Frontier Energy
Corporation ("Frontier" or the "Company") (Pink Sheets: FRGY) announced
completion of its lease acquisition on its Black Forest prospect, located in
Crook County, Wyoming. The company owns an undivided 25% working interest in this
property with the option to increase its working interest to 75%, based upon
completion of the terms of the previously stated joint venture agreement.

The target in this well-defined structural prospect is a reservoir in the
Cambrian formation at approximately 4,000 ft., which is believed to contain major
oil reserves. Drilling sites in surrounding areas of the Black Forest property
have exhibited encouraging gas and oil shows in the samples from comparable
Cambrian zones. The calculated possible reserves are approximately 13.9 Million
barrels per section and a total reserve projection of approximately 100 million
barrels of oil, based upon production of surrounding properties.

In conjunction with the company's joint venture partner, Frontier is expecting to
commence drilling on the Black Forest property in the 2nd Qtr of 2008.

Frontier will be looking to announce, in the near future, additional leases from
existing and developing oil reserves in other areas to solidify near- and
long-term cash flow for the company.

Frontier Energy CEO Bob Genesi comments, "We are completing and implementing our
business plan at a quicker pace than expected. We look forward to announcing
these exciting developments of what the Frontier team has accomplished and is
accomplishing, in the very near term."

About Frontier Energy Corp.

Frontier is newly recapitalized exploratory oil and gas business headquartered in
Las Vegas, Nevada. The goal of Frontier Energy is to build a solid portfolio of
assets through the acquisition of leases and explore and develop the
opportunities on the individual leases.

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 thereunder. 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
Frontier Energy Corporation, Las Vegas
Robert Genesi, 702-648-5849


Copyright Business Wire 2008

The usuals, whatever I post is my opinion, yaddayaddayadda. I'm still learning this, so if you listen to me, well, good luck to you :)

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.