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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 Schillon Dec 05, 2012 9:08am
182 Views
Post# 20685134

RE: RE: how bad is PFC´s financial situation?

RE: RE: how bad is PFC´s financial situation?

Without knowing any details, but judging only from the results if the managment of an exploration company fails to secure the necessary equipment, i guess it will not be the first choice of Statoil to keep the management in place. So i could imagine STO will be more interested in getting the claims and get rid of the management. But I'm afraid the PFC managment will have a different opinion of what is good (for them).

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