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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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Post by FoxTek1on Aug 30, 2013 6:49am
200 Views
Post# 21708606

Here's the link to the new blog.

Here's the link to the new blog.Sorry, my last post did not have the hyperlink active.

Quick synopsis:
V.PFC (PetroFrontier Corp.)
$16 million market cap (20.5 cents/share)
$11 million cash on hand (14 cents/share)
79 million s/o
Hertiage Oil (T.HOC) owns 20 million shares

Catalyst:
PFC recently formed a JV with oil giant STATOIL whereby STATOIL will fully fund a $200 million campaign over the next 2.5 years for an 80% stake in PFC's 14 million acre South Georgina Basin in the safe juristiction of Northern Territory, Australia. STATOIL will assume operatorship this Sunday (September 1, 2013). 2D Seismic has been ongoing since July. PFC management will now begin to focus on Marketing this JV because STATOIL will be fully funding operations starting September 1st.

Read more at https://www.stockhouse.com/blogs/undervalued-gem/august-2013/undervalued-oil-gem-v-pfc#sbCiEOpox8L7DUpS.99
Bullboard Posts
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