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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 mining_pays_my_billson Jul 03, 2014 1:44pm
156 Views
Post# 22713670

RE:RE:RE:RE:RE:No paper being issued..

RE:RE:RE:RE:RE:No paper being issued..I gotta' agree with casa9988 on this one. I have high hopes for ROZ (I'm not invested in it anymore, but I used to be a couple years back), but PFC won't buy it. The very same directors of PFC managed ROZ as well and they tried to find a JV partner, financing, farm-out, sale of company, anything, during the strategic review, and came up totally empty-handed. The directors of PFC know more than anyone about the potential, or lack thereof, of ROZ, and they dropped it like a hot potato in March of this year, by all resigning at once. If PFC was gonna' buy it, they would have done it already. They could have rescued it from collapse for a mere $1M (market cap at time of collapse). But they didn't. Why would they now, a few months later?
Bullboard Posts