Mr. Steve Hanson reports
IFR JOINT VENTURE PROVIDES UPDATE ON COMPLETION OPERATIONS AT TECOLUTLA PRODUCTION TESTING TO COMMENCE AT TEC-10 WELL
International Frontier Resources Corp. joint venture Tonalli Energia, in partnership with Mexican petrochemical leader Grupo IDESA, has moved its service equipment for stimulation and production testing after successfully receiving a perforation permit for the TEC-10 well.
Tonalli will test up to three prospective zones in the TEC-10 well as part of the completion program. The completion and testing operation is expected to last 14 days to 21 days dependent upon weather and service execution.
Completion operations will provide valuable information about reservoir parameters and well deliverability that will be incorporated into the long-term development plan for the Tecolutla block.
As announced on May 16, 2018, Tonalli reached a significant milestone by achieving production at Tecolutla with a successful workover of its previously drilled TEC-2 legacy well. TEC-2 recovered an average of 125 barrels of oil per day. Tonalli is nearing fulfilment of the minimum work commitment requirement for Tecolutla.
Through its joint venture, International Frontier was one of the first foreign companies to participate in Mexico's historic reform of the oil and gas sector. The Tecolutla block was awarded to Tonalli as part of the first round and third call of Mexico's oil and natural gas mature fields bid round, the first in almost 80 years.
About International Frontier Resources
International Frontier Resources is a Canadian publicly traded company with a demonstrated record of advancing oil and gas projects. Through its Mexican subsidiary, Petro Frontera SAPI de CV and strategic joint ventures, it is advancing the development of petroleum and natural gas assets in Mexico. The company also has projects in Canada and the United States, including the Northwest Territories and Montana.
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