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 oilandgas111on Jan 20, 2012 2:00pm

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Post# 19427882

PFC news JV partner by the end of march

PetroFrontier Corp. (PFC.V) which has retained Macquarie Capital Markets Canada as its exclusive advisor to assist it in seeking a suitable joint venture partner, has seen its shares jump by almost 20 cents in the past five days.

PetroFrontier is currently trading at $1.74, compared to the $1.57 on Monday.

The selected JV partner would participate with PetroFrontier in the exploration and development of its extensive unconventional and conventional exploration acreage in Australia's Southern Georgina Basin. PetroFrontier's future arrangement with such party may include a joint venture, farm-out or other similar relationship.

PetroFrontier anticipates completing this search by late March, 2012 so that it can coordinate such third party participation with its current exploration program. There can be no assurance that the search process will result in PetroFrontier finding a suitable joint venture partner, PetroFrontier said.

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