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

Bullboard Posts

Post by BuyUrShareson Sep 04, 2013 11:39am

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Post# 21717581

Previous SP Targets without a STATOIL back in 2011 $13 per Share

.Investment Recommenda␣on

␣ PetroFrontier is one of the most binary names in our cover- age universe. The resource potential of the Company is immense, and the near-term exploration program will be pivotal in defining the future prospects of the Company. As we have previously contested, our target price of $13.00 per share, which is based on our risked NAV of $13.00 per share, is a mathematical result. Should the unconventional exploration program be successful, the Company could be worth a multiple of our target price. Given the risk profile of the Company, we have assigned a ranking of Speculative Buy.

https://www.firstenergy.com/UserFiles/File/PFC-gecto11.pdf

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