PetroFrontier Corp. is a publicly traded (TSX-V: PFC) international oil and gas exploration company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in the Northern Territory, Australia's Southern Georgina Basin where it holds an average net carried 17% working interest in approximately 13.1 million gross acres.
On June 11, 2013 PetroFrontier announced that it had agreed to "amend" an existing farmin agreement with Statoil Australia Theta BV ("Statoil") whereby Statoil could spend up to US$175 MM by the end of 2016 before PetroFrontier will be required to contribute further. Effective September 1, 2013 Statoil became the operator and exploration costs will be fully funded by Statoil over three phases, to the end of 2016, in return for 80% of PetroFrontier's working interest. Please click on Statoil Joint Venture for further details.
2014 Operational Update Video Interview with Mr. Earl Scott, President & CEO, January 2014
PetroFrontier Corp. announces that Statoil Australia Theta B.V. ("Statoil"), PetroFrontier's joint venture partner and the operator of the 2014 work program and budget has completed testing operations at the OzBeta-1 well.
PetroFrontier Corp. has filed a Statement of Claim in the Court of Queen’s Bench of Alberta against Macquarie Capital Markets Canada Inc. for damages which PetroFrontier sustained as a result of the termination by Macquarie on July 9, 2012 of an Underwriting Agreement...
PetroFrontier's joint venture partner has initially selected two wells from the 2014 work program and budget for completion and testing.
Receive the latest information from us.