May 9 (Reuters) - International Frontier Resources Corp IFR.V :
* IFR JOINT VENTURE ENTERS LARGEST ONSHORE BID ROUND 3.2 OF HISTORIC MEXICO ENERGY REFORM
* INTERNATIONAL FRONTIER RESOURCES - LICENSES FOR EXPLORATION & PRODUCTION WILL LAST 30 YEARS, CAN BE EXTENDED FOR 2 ADDITIONAL TERMS OF 5 YEARS EACH