Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 International Frontier Resources Corporation, Valuation and Financial Data 8 International Frontier Resources Corporation, Share Price Performance 8 Share Price Performance, Q1, 2015-Q1, 2016 8 International Frontier Resources Corporation, Key Valuation Metrics 9 Key Valuation Metrics, Q1, 2015-Q1, 2016 9 International Frontier Resources Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 10 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 11 International Frontier Resources Corporation, Quarterly E&P Costs Trends 12 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 International Frontier Resources Corporation, Quarterly Production Trends 13 International Frontier Resources Corporation, Total Oil and Gas Production 13 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 13 International Frontier Resources Corporation, Valuation and Financial Data, 2011-2015 14 International Frontier Resources Corporation, Share Price Performance, 2011-2015 14 Share Price Performance, 2011-2015 14 Key Valuation Metrics, 2011-2015 15 International Frontier Resources Corporation, Production and Reserves Trends 16 Total Oil and Gas, Reserves and Production 16 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 16 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 17 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 19 Crude Oil/Liquids Production and Reserve 20 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 20 Crude Oil Production and Reserves By Country/Region, 2011-2015 21 Crude Oil/Liquids Reserve Changes, 2011-2015 23 Total Crude Oil and Natural Gas Reserves Life Index 24 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 24 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 25 International Frontier Resources Corporation, E&P Costs Trends 27 Allocation of the Upstream Capital Expenditure 27 Upstream Capital Expenditure, 2011-2015 27 Exploration and Development Costs, By Country/Region, 2011-2015 28 Oil and Gas Cost Per boe, US$/boe 29 Oil and Gas Cost Per boe, US$/boe, 2011-2015 29 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 30 International Frontier Resources Corporation, Reserve Replacement Ratio 32 Oil and Gas Production Replacement Ratio 32 Oil and Gas Production Replacement Ratio, 2011-2015 32 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 34 International Frontier Resources Corporation, Results of Oil & Gas Operations Trend 37 Oil and Gas Revenue and Expenses 37 Oil and Gas Revenue and Expenses, 2011-2015 37 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 38 Oil and Gas Revenue and Expenses, Per boe 40 Oil and Gas Revenue and Expenses, By boe, 2011-2015 40 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 41 Oil and Gas Performance Metrics 43 International Frontier Resources Corporation, Land Holdings and Well Data 44 Developed and Undeveloped Acreage 44 Gross and Net Developed and Undeveloped Acreage, 2011-2015 44 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 45 Well Statistics 47 Producible Oil and Gas Well, 2011-2015 47 Producible Oil and Gas Well, By Country/Region, 2011-2015 48 Recent Developments 51 International Frontier Resources Corporation - Recent Developments 51 Oct 04, 2016: International Frontier Resources Announces Management Changes 51 Sep 26, 2016: International Frontier Resources Provides Update On Mexican Operations And Tecolutla Block 51 Sep 23, 2016: International Frontier Resources: TSX Venture Bulletin 52 Aug 31, 2016: International Frontier Resources: Second Quarter 2016 Results 52 Aug 26, 2016: Tonalli Energia signs license contract with Mexico CNH for Tecolutla block 53 Jul 12, 2016: Former Director General Of TransAlta Mexico Joins IFR Board 53 May 24, 2016: International Frontier Resources Announces First Quarter 2016 Results 54 May 12, 2016: IFR Jointly Owned Mexican Company Tonalli Energia, Awarded Tecolutla Onshore Block 54 Apr 18, 2016: International Frontier Resources: 2015 Year-End Financial Results 55 Sep 04, 2015: IFR Announces Entry Into Round 1.3 Of Historic Mexico Energy Reform 55 Appendix 57 Methodology 57 Coverage 57 Secondary Research 57 Primary Research 57 Data Information Sources 58 Company Source 58 SEC/Other Regulatory Filings 58 Other Sources 58 Expert Panel Validation 58 Data Definition 58 Oil and Gas Reserves 58 Units of Measure 59 About GlobalData 59 Disclosure 59 Disclaimer 59

List of Tables Table 1: International Frontier Resources Corporation, Key Facts 7 Table 2: International Frontier Resources Corporation, Share Price Performance, Q1, 2015-Q1, 2016 8 Table 3: International Frontier Resources Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Table 4: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Table 5: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 11 Table 6: International Frontier Resources Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Table 7: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 13 Table 8: International Frontier Resources Corporation, Share Price Performance, 2011-2015 14 Table 9: International Frontier Resources Corporation, Key Valuation Metrics, 2011-2015 15 Table 10: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16 Table 11: International Frontier Resources Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 18 Table 12: International Frontier Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 19 Table 13: International Frontier Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20 Table 14: International Frontier Resources Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 22 Table 15: International Frontier Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 23 Table 16: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 24 Table 17: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 26 Table 18: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 27 Table 19: International Frontier Resources Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 28 Table 20: International Frontier Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29 Table 21: International Frontier Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 31 Table 22: International Frontier Resources Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 33 Table 23: International Frontier Resources Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 36 Table 24: International Frontier Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 37 Table 25: International Frontier Resources Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 39 Table 26: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40 Table 27: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 42 Table 28: International Frontier Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 43 Table 29: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 44 Table 30: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 46 Table 31: International Frontier Resources Corporation, Producible Oil and Gas Wells, 2011-2015 47 Table 32: International Frontier Resources Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 50 List of Figures Figure 1: International Frontier Resources Corporation, Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 8 Figure 2: International Frontier Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 9 Figure 3: International Frontier Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Figure 4: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 12 Figure 5: International Frontier Resources Corporation, Share Price Performance, CAD/Share, 2011-2015 14 Figure 6: International Frontier Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 15 Figure 7: International Frontier Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16 Figure 8: International Frontier Resources Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 17 Figure 9: International Frontier Resources Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 17 Figure 10: International Frontier Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 19 Figure 11: International Frontier Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20 Figure 12: International Frontier Resources Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 21 Figure 13: International Frontier Resources Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 21 Figure 14: International Frontier Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2015 23 Figure 15: International Frontier Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 24 Figure 16: International Frontier Resources Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 25 Figure 17: International Frontier Resources Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 25 Figure 18: International Frontier Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 27 Figure 19: International Frontier Resources Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 28 Figure 20: International Frontier Resources Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 29 Figure 21: International Frontier Resources Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 30 Figure 22: International Frontier Resources Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 30 Figure 23: International Frontier Resources Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 32 Figure 24: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 34 Figure 25: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 34 Figure 26: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 35 Figure 27: International Frontier Resources Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 35 Figure 28: International Frontier Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 37 Figure 29: International Frontier Resources Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 38 Figure 30: International Frontier Resources Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 31: International Frontier Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40 Figure 32: International Frontier Resources Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 41 Figure 33: International Frontier Resources Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 41 Figure 34: International Frontier Resources Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 42 Figure 35: International Frontier Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 43 Figure 36: International Frontier Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 44 Figure 37: International Frontier Resources Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 45 Figure 38: International Frontier Resources Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 45 Figure 39: International Frontier Resources Corporation, Producible Oil and Gas Wells, 2011-2015 47 Figure 40: International Frontier Resources Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 48 Figure 41: International Frontier Resources Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 48 Figure 42: International Frontier Resources Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 49 Figure 43: International Frontier Resources Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 49 Figure 44: International Frontier Resources Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 50