Josef Schachter International Frontier Resources IFR-X WAIT Dec 19, 2007

They are waiting for Husky, the operator, to make some announcements. Land issues in the area. Also working on some UK deals to get them farmed out. A fabulous story for business risk oriented accounts. Use a 3/5-year investment time horizon.

He is a fan of this company. Stock is disappointing as they had the one D & A in the North Sea. They are starting a number of plays. At a very cheap level. Drilling in the Lytham prospect in the North Sea. High risk/reward situation.

Likes this story. Will be drilling high impact oil play in Nov/Dec with the Lundines, which may have a 1 in 5 chance. Will also be drilling in Jan/Feb with Husky as the operator in the North West Territories. Well financed. Higher risk with 1 in 10 type of chances.

Involved in the UK North Sea. In the process of drilling a well with the Lundins that is very important. In about 1 month will start working with Husky (HSE-T) in the North West Territories. Between the winters of 2008 and 2009, you will have a good shot if they have any kind of drilling success. Speculative. May have $.50 in cash per share.