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PetroFrontier Corp V.PFC

Alternate Symbol(s):  PFRRF

PetroFrontier Corp. is a Canada-based junior energy company focused on resource development in partnership with First Nations and operates heavy oil projects in the Cold Lake and Wabasca areas of Alberta. This development consists of the primary recovery of heavy oil utilizing conventional perforated wells (vertical and horizontal) and the intentional production of sand with the oil; a process referred to as cold heavy oil production with sand (CHOPS). The Company has interests in approximately 4,368 gross (4,072 net) hectares arising under several joint operations with the wholly owned energy companies of the Cold Lake First Nations (CLFN). It also has a joint venture agreement with the wholly owned energy company of the Bigstone Cree Nation (BCN), covering four sections under which 512 gross (462 net) hectares in the Wabasca area of north-central Alberta.


TSXV:PFC - Post by User

Bullboard Posts
Comment by BLKGLDon Feb 25, 2013 7:13pm
269 Views
Post# 21040612

RE: RE: IR Response

RE: RE: IR Response

I also received a response in to my inquiry. The response was and I quote "The review process is ongoing and we don't have a set timeline in place for evaluation. Once we have a definitive agreement in place we will announce that. There are 2 catalysts for PetroFrontier currently - the strategic review of course and the finalization of our 2013 capital program to which we are working on and will also announce once that has been finalized by all partners."

I imaging both of these announcements will come together as PFC requires the capital funding for drilling purposes. Also what stands out to me is the response saying once we have a definitive agreement in place, I like to read between the lines and this just tells me that they're currently in negotiations with someone.

Bullboard Posts