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PetroFrontier Corp V.PFC

Alternate Symbol(s):  PFRRF

Energy Oil & Gas E&P
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

PetroFrontier Corp
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Comment by mining_pays_my_billson Jan 07, 2014 9:39am
200 Views
Post# 22064947

RE:RE:PetroFrontier Corp. announces 2014 Work Plan

RE:RE:PetroFrontier Corp. announces 2014 Work PlanI've always found the Baraka website to be far more informative than the PFC website. See news release below where they dispute the 2014 program. It details each of the wells to be drilled, when they will be drilled, what Statoil is looking for in each of them, and the path forward after that. Very encouraging.
Side note- If Statoil and PFC elect to proceed with this program despite Baraka's dispute, Baraka will not contribute their $6M (because they don't have enough cash, and they don't want to dilute their outstanding shares by issuing add'tl shares) and will dilute their interest in EP127 and 128 accordingly. Thus increasing PFC's % ownership in the area. That's good news. See, what a good thing it is to be carried 100% by someone with deep pockets.

https://www.barakaenergy.com.au/pdfs/2014-01-06-225654140106_Baraka_Disputes_Work_Program_2014.pdf
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