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FRGY News Frontier Energy Cancels Letter of Intent to Acquir...
Wednesday, June 25, 2008 12:51 PM

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News for 'FRGY' - (Frontier Energy Cancels Letter of Intent to Acquire Archer Texas Property)


NORTH LAS VEGAS, NV, Jun 25, 2008 (MARKET WIRE via COMTEX) -- Frontier Energy
Corporation ("Frontier" or the "Company") (PINKSHEETS: FRGY), after
consultations with the Frontier Board of Directors and consultants, has decided
to cancel the letter of intent to purchase the two leases in Archer County,
Texas and the partnership with American Petroleum that was previously announced.

Frontier CEO Bob Genesi comments, "It is unfortunate that this purchase did not
materialize. We want what is best for our shareholders and the Company. After
discussions with our professional advisors, our Board determined that this
proposed transaction was not in the Company's best long-term interests. The
Company continues to have discussions with other parties to implement its
business plan, which we will report on at the appropriate time."

About Frontier Energy Corp.

Frontier is an exploratory oil and gas business headquartered in Las Vegas,
Nevada. Our goal is to build a solid portfolio of assets through the acquisition
of leases and explore and develop the opportunities on our 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
disclaims any intent or obligation to update them.





Contact:

Frontier Energy Corporation, Las Vegas

Robert Genesi

702-648-5849





SOURCE: Frontier Energy Corporation





Copyright 2008 Market Wire, All rights reserved.

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SUBJECT CODE: Energy and Utilities:Oil and Gas

Chemicals:Petrochemicals

Source: Comtex Wall Street News
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