IFR Provides Corporate Update August 17, 2022


Large Energy Opportunity

De-nationalization of a large hydrocarbon-producing country will take place over the next four years in a country with excellent access to civil infrastructure, oilfield services and a transparent investment framework within the North American Free Trade Agreement (NAFTA).

Access to Large Existing Fields

Multiple large conventional onshore oil fields with significant upside for the application of modern technology and exploration step-out opportunities into tighter reservoirs that may result in significant increases in recoverable reserves.

Industry Leading Joint Venture

Tonalli Energia, S.A.P.I de C.V. ("Tonalli") is a 50/50 joint venture between Jaguar Exploración y Producción 2.3, S.A.P.I. de C.V. ("Jaguar") and International Frontier Resources ("IFR") that is a combination of strengths to allow for leading-edge technology deployment, field development, operational efficiency and access to global capital.