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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 Apr 08, 2014 6:28am
254 Views
Post# 22423379

RE:RE:RE:RE:RE:gentlemen, I think we'll be testing .40 in the coming week

RE:RE:RE:RE:RE:gentlemen, I think we'll be testing .40 in the coming week
@ Redscorpion - agree there has been ''news'' every month if you include the departure of Susan showers however I sold out (10% remaining) based on two reasons.

1) Quality of updates from PFC - detailed information was released on the BKP forum regarding all wells to be drilled and timelines. PFC submitted no such information even though available. The last update contained no detail either on start or completion, neither were we informed of spud date and movement of equipment prior.

2) Test are as Ozboil states in fact 5 test probes with possible frack - risk reward is high agree.
If negative news, I would rather be sitting on the sideline given current volumes.
If positive news, I have lots of time to climb back on board - no risk.

Personally, I don’t like to be kept in the dark and due to this I am unable to estimate next announcement date and content which has it risks. I will keep monitoring daily for good news and best of luck to those holding on.
Bullboard Posts