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STATOIL World 12 Largest Oil Co is Willing to Spend up to $170 Million Dollars on
PFC.v J/V in next few weeks. Plans for first 5 wells being planned . Implied Value of Deal is $0.67 per share or 320% Higher Just on recent Land value alone. PFC is Trading Near Cash...The first $50 Million of Drilling is GUARANTEED...and is going for FREE ! Where can you get such a deal...No Where.
PFC.v $0.16 (Market Cap $12M...w$10M Cash) is going to Have STATOIL Drill up to 5 Wells $50 Million Dollars on PFC's 14 Million Acres Properties. DEal could extend to $170 Million Drilling 16 Weels into 2017
RE:Implied Value of Todays Confirmed Deal $0.67 per share
Presentation:
https://www.petrofrontier.com/en/presentations/pfc_agm_sept_26_2013_presentation_handouts.pdf?PHPSESSID=q6hgkvrqa8edv9im60mns8pq05
STATOIL Deal Values PFC @ $0.67 per share 320% Higher than the rediculous market Valuation provided in this October Marketplace
