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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 geomeanon Jun 09, 2005 11:57am
238 Views
Post# 9137829

RE: News

RE: News500 feet of net pay. That is huge. That is orders of magnitude larger than anything indicated previously. And the areal extent of the find creates a "significant number of additional oil and gas development locations"!! This is clearly bigger than they or anybody thought, and the classification of the additional sites as development locations clearly indicates that the proved and probably figures are heading a lot higher. They planned to produce non associated gas and have hit oil - big time. They better study it. Better to use capital wisely, than proceed in ignorance. Also, it would probably be better to have the terms of the Empressa Mixta firmed up. Also, doesn't it make sense to help PDVSA find solutions rather than create problems? 49% of a potential giant, and they are just starting on discoveries in this basin, and have rights to area next door.
Bullboard Posts