CALGARY, ALBERTA--(Marketwired - April 18, 2013) - International Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:IFR) today reported its financial results for the year ended December 31, 2012.
The Company recorded a consolidated net loss for the year ended December 31, 2012 of $575,440 ($0.01 per share) as compared to a consolidated net loss of $673,340 ($0.01 per share) at December 31, 2011. In 2012 oil revenue, net of royalties, was $752,390 compared to $770,850 in 2011. At December 31, 2012 cash and cash equivalents were $3,456,380 and working capital was positive $3,018,180.
The Company's audited financial statements and accompanying Management Discussion and Analysis can be found on SEDAR and also on the Company's website.
International Frontier's oil & gas projects are located in the Sahtu region of the Northwest Territories, Canada and in Glacier County, N.W. Montana. The Company's shares are listed on the TSX Venture Exchange trading under the symbol IFR.