Frontier Increases Its Fee Acreage Position in NW Montana to 22,680 Acres
Thursday July 28, 2011, 9:00 am
. . .
"To date there have been 34 wells licensed, or drilled, in townships where Frontier owns fee acreage, the wells are being drilled by Anschutz, Newfield and Rosetta.
The majority of the Company's acreage is currently under lease to operators drilling in the Blackfeet Reserve, the leases reserve in favor of Frontier gross overriding royalties ranging from 12.50% to 18%. The operator's leases expire at various times over the period 2012 to 2016, to continue a lease beyond the expiry period the operator is required to establish production from the lease. Frontier's fee lands do not expire."
Gotta luv this when, drillers hitting and you hold the land next to them!
Note: IFR does not hold the direct lands where Rosetta and Newfield are drilling, but close by!
Looks like a keeper, more and more.
Good Luck all!
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