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PetroFrontier Corp V.PFC

Alternate Symbol(s):  PFRRF

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

Bullboard Posts
Comment by Rostic5on Mar 14, 2014 3:23am
131 Views
Post# 22321621

RE:RE:If Baraka knew what they were doing...

RE:RE:If Baraka knew what they were doing...According to old newspaper article not the first time this situation has been seen involving BKP management. Just read on the  forum how angry their shareholders are about dilution and money vanishing without shareholders being informed. Investors are stating via forum that they are threatened with legal action if they will continue enquiring about the unsecured loans. 

i believe BKP is hoping to be a spanner in the works in the aim of getting some compensation to step aside hence waiting until default notice from statoil prior to commence 'legal action' with money they don't have.

the contract is clear cough up or shut up
Bullboard Posts