International Frontier Resources Corporation: First Quarter 2016 Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 05/24/16 -- International Frontier Resources Corporation (TSX VENTURE: IFR) today reported results for the three months ended March 31, 2016. In the period the Company recorded a loss of $359,785 ($0.004 per share) versus a loss of $243,335 ($0.004 per share) in 2015. For the three-month period ended March 31, 2016 net oil revenue was $25,980 versus $89,730 at March 31, 2015. Revenue in the period was down as a result of lower oil production and lower oil prices, $24.21 per barrel for the three months ended March 31, 2016 versus $40.03 for the same period in 2015. At March 31, 2016 cash and cash equivalents were $1,940,385 and working capital was $1,668,015. The Company''s financial statements and related management discussion and analysis have been filed on Sedar and posted on the Company''s website.
International Frontier is an independent oil and gas company focused on projects in Mexico, the Northwest Territories, Canada. The Company''s shares are listed and trade on the TSX Venture Exchange trading under the symbol IFR.
For additional information please visit .
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility or accuracy of this release". The Company seeks Safe Harbor.
Contacts:
International Frontier Resources Corporation
Steve Hanson
President
(604) 671-6982
International Frontier Resources Corporation
Pat Boswell
CEO
(403) 215-2781
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2016 - 12:30 Uhr
Sprache: Deutsch
News-ID 1437246
Anzahl Zeichen: 3457
contact information:
Contact person:
Town:
CALGARY, ALBERTA
Phone:
Kategorie:
Oil & Gas
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 252 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"International Frontier Resources Corporation: First Quarter 2016 Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
International Frontier Resources Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
