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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
International Frontier Resources Corporation, Valuation and Financial Data 8
International Frontier Resources Corporation, Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
International Frontier Resources Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
International Frontier Resources Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
International Frontier Resources Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
International Frontier Resources Corporation, Quarterly Production Trends 13
International Frontier Resources Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 13
International Frontier Resources Corporation, Valuation and Financial Data, 2011-2015 14
International Frontier Resources Corporation, Share Price Performance, 2011-2015 14
Share Price Performance, 2011-2015 14
Key Valuation Metrics, 2011-2015 15
International Frontier Resources Corporation, Production and Reserves Trends 16
Total Oil and Gas, Reserves and Production 16
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 16
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 17
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 19
Crude Oil/Liquids Production and Reserve 20
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 20
Crude Oil Production and Reserves By Country/Region, 2011-2015 21
Crude Oil/Liquids Reserve Changes, 2011-2015 23
Total Crude Oil and Natural Gas Reserves Life Index 24
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 24
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 25
International Frontier Resources Corporation, E&P Costs Trends 27
Allocation of the Upstream Capital Expenditure 27
Upstream Capital Expenditure, 2011-2015 27
Exploration and Development Costs, By Country/Region, 2011-2015 28
Oil and Gas Cost Per boe, US$/boe 29
Oil and Gas Cost Per boe, US$/boe, 2011-2015 29
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 30
International Frontier Resources Corporation, Reserve Replacement Ratio 32
Oil and Gas Production Replacement Ratio 32
Oil and Gas Production Replacement Ratio, 2011-2015 32
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 34
International Frontier Resources Corporation, Results of Oil & Gas Operations Trend 37
Oil and Gas Revenue and Expenses 37
Oil and Gas Revenue and Expenses, 2011-2015 37
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 38
Oil and Gas Revenue and Expenses, Per boe 40
Oil and Gas Revenue and Expenses, By boe, 2011-2015 40
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 41
Oil and Gas Performance Metrics 44
International Frontier Resources Corporation, Land Holdings and Well Data 45
Developed and Undeveloped Acreage 45
Gross and Net Developed and Undeveloped Acreage, 2011-2015 45
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 46
Well Statistics 48
Producible Oil and Gas Well, 2011-2015 48
Producible Oil and Gas Well, By Country/Region, 2011-2015 49
Recent Developments 52
International Frontier Resources Corporation - Recent Developments 52
Nov 17, 2016: International Frontier Resources appoints new board member 52
Oct 17, 2016: International Frontier Resources Commences Trading On The OTCQB Marketplace 52
Oct 04, 2016: International Frontier Resources Announces Management Changes 52
Sep 26, 2016: International Frontier Resources Provides Update On Mexican Operations And Tecolutla Block 53
Sep 23, 2016: International Frontier Resources: TSX Venture Bulletin 53
Aug 31, 2016: International Frontier Resources: Second Quarter 2016 Results 54
Aug 26, 2016: Tonalli Energia signs license contract with Mexico CNH for Tecolutla block 54
Jul 12, 2016: Former Director General Of TransAlta Mexico Joins IFR Board 55
May 24, 2016: International Frontier Resources Announces First Quarter 2016 Results 55
May 12, 2016: IFR Jointly Owned Mexican Company Tonalli Energia, Awarded Tecolutla Onshore Block 56
Appendix 57
Methodology 57
Coverage 57
Secondary Research 57
Primary Research 57
Data Information Sources 58
Company Source 58
SEC/Other Regulatory Filings 58
Other Sources 58
Expert Panel Validation 58
Data Definition 58
Oil and Gas Reserves 58
Units of Measure 59
About GlobalData 59
Disclosure 59
Disclaimer 59
List of Tables
Table 1: International Frontier Resources Corporation, Key Facts 7
Table 2: International Frontier Resources Corporation, Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: International Frontier Resources Corporation, Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: International Frontier Resources Corporation, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Table 7: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 13
Table 8: International Frontier Resources Corporation, Share Price Performance, 2011-2015 14
Table 9: International Frontier Resources Corporation, Key Valuation Metrics, 2011-2015 15
Table 10: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16
Table 11: International Frontier Resources Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 18
Table 12: International Frontier Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 19
Table 13: International Frontier Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20
Table 14: International Frontier Resources Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 22
Table 15: International Frontier Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 23
Table 16: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 24
Table 17: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 26
Table 18: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 27
Table 19: International Frontier Resources Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 28
Table 20: International Frontier Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29
Table 21: International Frontier Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 31
Table 22: International Frontier Resources Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 33
Table 23: International Frontier Resources Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 36
Table 24: International Frontier Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 37
Table 25: International Frontier Resources Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 39
Table 26: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40
Table 27: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 43
Table 28: International Frontier Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 44
Table 29: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 45
Table 30: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 47
Table 31: International Frontier Resources Corporation, Producible Oil and Gas Wells, 2011-2015 48
Table 32: International Frontier Resources Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 51
List of Figures
Figure 1: International Frontier Resources Corporation, Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: International Frontier Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 12
Figure 5: International Frontier Resources Corporation, Share Price Performance, CAD/Share, 2011-2015 14
Figure 6: International Frontier Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 15
Figure 7: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16
Figure 8: International Frontier Resources Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 17
Figure 9: International Frontier Resources Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 17
Figure 10: International Frontier Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 19
Figure 11: International Frontier Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20
Figure 12: International Frontier Resources Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 21
Figure 13: International Frontier Resources Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 21
Figure 14: International Frontier Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2015 23
Figure 15: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 24
Figure 16: International Frontier Resources Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 25
Figure 17: International Frontier Resources Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 25
Figure 18: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 27
Figure 19: International Frontier Resources Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 28
Figure 20: International Frontier Resources Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29
Figure 21: International Frontier Resources Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 30
Figure 22: International Frontier Resources Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 30
Figure 23: International Frontier Resources Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 32
Figure 24: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 34
Figure 25: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 34
Figure 26: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 35
Figure 27: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 35
Figure 28: International Frontier Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 37
Figure 29: International Frontier Resources Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 38
Figure 30: International Frontier Resources Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 38
Figure 31: International Frontier Resources Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40
Figure 33: International Frontier Resources Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 41
Figure 34: International Frontier Resources Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 41
Figure 35: International Frontier Resources Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 42
Figure 36: International Frontier Resources Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 42
Figure 37: International Frontier Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 44
Figure 38: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 45
Figure 39: International Frontier Resources Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 46
Figure 40: International Frontier Resources Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 46
Figure 41: International Frontier Resources Corporation, Producible Oil and Gas Wells, 2011-2015 48
Figure 42: International Frontier Resources Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 49
Figure 43: International Frontier Resources Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 49
Figure 44: International Frontier Resources Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 50
Figure 45: International Frontier Resources Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 50
Figure 46: International Frontier Resources Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 51