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JV to acquire four undisclosed leases containing 27 well bores.

Frontier Energy Corp., North Las Vegas, (Pink Sheets: FRGY) plans to form a joint venture with Austin, Texas-based Weekley Energy Group 1 LP to acquire four separate undisclosed leases containing a total of 27 well bores (three producing). The assets will be in the U.S. The remaining wells will be re-entered in four stages during a 120-day period from the date of closing and will use Weekly Energy's proprietary technologies and processes to re-complete along with the technical expertise of Frontier's consultants. Frontier will receive for its initial funding 75% net revenue interest before payout in the joint venture and 50% net revenue interest after payout. Frontier chief executive Richard Shykora says, "We are looking forward to a successful relationship with the Weekley Energy Group and through Mr. Anderson's expertise to evaluate this opportunity, we feel this is a stepping stone to a potentially larger scale joint venture with the Weekley Energy Group."