International Frontier Resources Corporation

International Frontier Resources Corporation

March 30, 2005 09:30 ET

International Frontier Announces Discovery in Northwest Territories


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL FRONTIER RESOURCES CORP.

TSX VENTURE SYMBOL: IFR

MARCH 30, 2005 - 09:30 ET

International Frontier Announces Discovery in
Northwest Territories

CALGARY, ALBERTA--(CCNMatthews - March 30, 2005) - This news release is
not for distribution to US news wire services or for dissemination in
the United States and does not constitute an offer of the securities
described herein. The Company seeks safe harbour.

International Frontier Resources Corporation ("IFR") (TSX VENTURE:IFR)
today said it has participated in a hydrocarbon discovery in the Central
Mackenzie Valley area of the Northwest Territories, Canada.

The Company reports that this winter's program comprised of completing
and production testing the Summit Creek B-44 well and drilling the Sah
Cho L-71 exploratory wildcat well has been completed.

Production testing of the Summit Creek B-44 discovery well confirmed
several productive intervals within a gross hydrocarbon column of over
600 feet. Two separate intervals were perforated and flow tested for
periods of 18 and 39 hours respectively. Each zone produced at rates of
approximately 10 million cubic feet of gas per day and over 3,000
barrels of light volatile oil or condensate with flowing well head
pressures of 900 - 1100 psi. Combined flow rates against a one inch
choke are approximately 20 million cubic feet per day and 6,000 barrels
of condensate per day. One of the zones also produced 1,000 barrels of
water per day. Due to operational problems encountered, coupled with
time restrictions, the operator was not able to production test two
additional zones that were included in the original B-44 completion
program. The zones are behind pipe and can be tested in the future
should the consortium decide to test these zones.

The Sah Cho L-71 well commenced drilling on January 21, 2005 and was
drilled to a total depth of 12,050 feet. The well tested a separate
structural closure located approximately five miles southeast of the
Summit Creek B-44 well. Hydrocarbons were encountered at L-71, however,
open hole testing did not establish commercial flow rates. The well was
cased to a total depth of 12,050 feet and has been suspended.

The Company commented saying "results of this winter's program are
encouraging as hydrocarbons have now been encountered in two separate
structures in this emerging play. To prove commerciality in this new
petroleum province additional seismic, exploratory and appraisal
drilling is required to evaluate other prospects identified on the
consortium acreage portfolio covering approximately one million acres".
International Frontier's working interest in the acreage portfolio
ranges between 3.1% and 10.875%.

Working interest owners in the Summit Creek B-44 well are Northrock
Resources (operator NYSE:UCL) 32.5 percent; Husky Oil Operations
Limited, 29.4775 percent; EOG Resources Canada Inc. (NYSE:EOG), 26.3975
percent; Pacific Rodera Energy Inc. (TSX VENTURE:PRD), 6.625 percent and
International Frontier Resources Corporation (TSX VENTURE:IFR), 5.0
percent. Working interest owners in the Sah Cho well are Northrock
Resources (operator) 32.5 percent; Husky Oil Operations Limited, 32.5
percent; EOG Resources Canada Inc., 23.375 percent; Pacific Rodera
Energy Inc., 6.625 percent and International Frontier Resources
Corporation, 5.0 percent.

The exploration program area is located about 35 miles south-southwest
of the town of Tulita and 45 miles from the existing Enbridge Oil
Pipeline and the proposed Mackenzie Valley Gas Pipeline route.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International Frontier Resources Corporation
    Pat Boswell
    President
    (403) 215-2780
    or
    International Frontier Resources Corporation
    Mark Powell
    VP Exploration
    (403) 215-2783
    www.internationalfrontier.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this news
    release.