PetroFrontier Corp V.PFC

Alternate Symbol(s): PFRRF

Energy Oil & Gas E&P

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.

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PetroFrontier Corp

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Comment by geomeanon Aug 09, 2005 6:34pm

331 Views

Post# 9379711

RE: Enercom Conference

Clancy said 20000MCFD gas + 2000 day oil for YE exit rates. That sounds right. The pricing is 1.33 MCF gas and .61% WTIC oil, so revenue will be about 26000 day for the gas and 72000 per day for the oil, with no royalties, etc, or close to 100K/day USD, and set to double pretty quickly. They typically underpromise, so this could be exceeded. I haven't checked my well list, but my recall is that Clancy would be being modest. However, ICO pipeline to the eastern field might be an issue, even though Ramereiz says it will be done.

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