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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Post by blackgold909on Jan 23, 2011 7:52pm

1109 Views

Post# 18015040

PFC - First Energy initiates w/ $10 target

We are initiating coverage on PetroFrontier Corp. with a target price of $10.00 per share and a Speculative Buy ranking. PetroFrontier is currently engaged in exploration activities in the Southern Georgina Basin in the Northern Territory of Australia. The Company is the Operator and has a working interest ranging between 50% and 75% on four Exploration Permits. The Company's acreage is located near major oil and gas infrastructure and Australian settlements.

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