$heff's $tation of $tocks & $olid DD

[crudeoil24]

Some DD needs to be done on FRGY.
The use of the word "refinery" in their recent LOI of Cancen.... PR is misleading.
They are a very small private company that cleans up used oil.
They separate used oil and water generated from used-oil water seperators. Safety Kleen is in a similar business.
This looks like a very small operation with a picture of approximately 20K gallon storage on the Cancen web-site.
There certainly is a market for waste oil products to be treated.
You have to wonder if this small company Cancen is even profitable.
ANYBODY CAN CREATE A SMALL REFINERY IN THEIR BACK YARD. YOU CAN TAKE 55 GALLONS OF OILY WATER, AND BOIL OFF THE WATER AND HAVE A FINISHED PRODUCT.
CAVEAT EMPTOR...Frontier is based out of the Las Vegas area.



NORTH LAS VEGAS, NV--(MARKET WIRE)--Jun 27, 2008 -- Frontier Energy Corporation ("Frontier" or the "Company")(Other OTC:FRGY.PK - News) is pleased to announce it has signed a letter of intent for the purchase of all assets and on-going business of Cancen Oil Processors, Inc. ("Cancen") (www.cancenoil.com), a private company. Cancen's assets include a refinery, multiple disposal wells and an existing operating business with experienced staff.


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