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PetroFrontier Corp V.PFC

Alternate Symbol(s):  PFRRF

PetroFrontier Corp. is a Canada-based junior energy company. The Company is engaged in exploring for and the production of petroleum and natural gas in western Canada. It is focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta. The Company has interests in approximately 16 gross (15 net) sections arising from several joint operations with the wholly owned energy companies of the Cold Lake First Nations (CLFN). The Company also has a joint venture agreement with the wholly owned energy company of the Bigstone Cree Nation (BCN), covering 1,024 gross (922 net) hectares in the Wabasca area of north-central Alberta, of which half has been earned as a leasehold interest. Those interests are located between CNRL’s prolific Brintnell enhanced oil recovery project producing approximately 50,000 bop/d of heavy oil and Cenovus’ proposed 10,000 bop/d thermal heavy oil project.


TSXV:PFC - Post by User

Bullboard Posts
Comment by oilspringson Jun 20, 2012 9:26pm
177 Views
Post# 20037081

RE: We needed to partner with a large oil company

RE: We needed to partner with a large oil company

i agree wuth potofgold, this reminds me a bit of the texalta deal, everbody keeps saying that pfc has to give up so much, but it wont come to that if they find oil they will sell out to statoil for sure, the way the markets are they are lucky to get any kind of deal, what i would be worried about is the former execs selling into any kind of volume and strength in the share price, between the two of them last i looked they had close to 4 million shares, they can nickel and dime us to death of they dont hold on to their shares

Bullboard Posts

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