Frontier Oil Corporation:
• Presents an opportunity for a value-driven investment into the first oil and gas IPO on the PSE under the recently revised listing rules
• Holds varying interests in 5 of only 27 active Service Contracts (SC’s) in the Philippines: SC50, SC51, SC52, SC55 and SC69, covering a total acreage of approx. 17,320 sq. km
• Holds quality assets with both proven undeveloped oil &
gas prospects [SC50 & SC52] and giant exploration targets [SC51, SC55 & SC69] both offshore and onshore
• Commenced drilling operations within 6 months of incorporating, resulting in the most significant on-shore gas find in the Philippines since the discovery of “San Antonio” in the southern part of the Cagayan Valley
• Has applied for a new concession covering the Cagayan Valley (the original PNOC exploration mandate) a concession covering some 5,440 sq km and potentially containing some 128 MMbbl oil and 4,379 bcf gas
• Has 15-plus years of presence and experience in the Philippines oil and gas sector - Unique industry and government connections built over two generations & not easily replicated
• Has potential estimated carries of +US$200 million on exploration and development funding through two offshore projects
• Has BHP Billiton as the operator in SC55 - a block containing several massive targets optimally located within an emerging world-class oil fairway
• Aims to have revenue and positive cash-flow within 12 months, from 2 projects
• Has an aggressive expansion strategy for the Philippines to capitalize on its unrivaled experience, technical know-how & industry connections
The Company offers a compelling investment proposition, presenting low overheads and burn rates; an active drilling program; large project targets and early revenue potential.
