Petrofrontier, Ölaktie mit Potential !
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Eröffnet am: | 20.01.12 16:38 | von: Base | Anzahl Beiträge: | 36 |
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Petrofrontier verfügt in Australien über vier gewaltige Ölschieferprojekte.
Ölressourcen von 27,5 Milliarden Barrel.
Es hängt viel von den ersten Bohrungen ab die am Ende der Regensaison im März
wieder starten sollen.
Wenn hier ein Volltreffer gelandet wird dann gehts ab.
Langfrisitg sind Kurse von minimum 5€ drinne.
To me this seems like a no brainer!
Let me see if I have this right:
After PP we will have ~80M shares o/s @$1 for a $80M mkt cap
This gets us 35% of $230M in capex or ~$80M
So we basically get for free
1) 35% of the sunk costs or $37M
2) 100% financing
3) 100% of 2012 & 2013 earnings
4) 75% of 2014 & 2015 earnings
5) 50% of 2016 earnings
6) 35% on earnings thereafter on this tiny prospective recoverable oil resource of 27.5 billion barrels
Amazing!
http://www.stockhouse.com/Bullboards/...&r=0&s=PFC&t=LIST
It is the first time I see a company farm in with a junior for shale and doesn't want to finance the phase 1. This is very negative. The market doen't like that at all. I understand.
http://www.stockhouse.com/Bullboards/...&r=0&s=PFC&t=LIST
Wann will Petrofrontier denn erstmals Öl/Gas liefern??? Oder was bedeutet das hier? Denn dann kann der Kurs ja noch ewig im Keller bleiben...
- Phase 1 (2012 & 2013)
-- Phase 1 consists of a joint exploration program of US$50.0 million
(with each of Statoil and PetroFrontier contributing US$25.0
million). -- Depending on the results from the current drilling and fracturing
program, the parties will agree on further drilling locations and
seismic, in part to ensure that the work commitments for the
respective EPs are kept current. -- PetroFrontier will be the operator during Phase 1. -- At the end of Phase 1,
Statoil will have the option to acquire 25%
of PetroFrontier's working interest by reimbursing PetroFrontier for
its US$25.0 million Phase 1 contribution and by committing to
proceed with Phase 2.
-- Phase 2 (2014 & 2015)
-- The parties will conduct a further joint exploration program of
US$100 million (with Statoil contributing US$80 million and
PetroFrontier contributing US$20 million). -- Statoil has the option of becoming the operator during Phase 2. -- Once Statoil has contributed its US$80 million towards the Phase 2
program, it shall have earned an additional 25% of PetroFrontier's
working interest in all of the EPs and EPAs and will have the option
to commit to proceed with Phase 3.
-- Phase 3 (2016)
-- The parties will conduct a further joint exploration program of
US$80 million with Statoil contributing all US$80 million and
PetroFrontier contributing nil. -- Statoil shall be the operator during Phase 3. -- Once Statoil has contributed its US$80 million towards the Phase 3
program, it shall have earned an additional 15% of PetroFrontier's
working interest in all of the EPs and EPAs.
http://www.theglobeandmail.com/globe-investor/...e=cnw&slug=C3912
Monday, June 25, 2012
CALGARY, June 25, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has successfully completed the drilling of its second horizontal well ("MacIntyre-2H") in the Southern Georgina Basin, Northern Territory, Australia. MacIntyre-2H is located in the northeastern part of EP 127, approximately 60 km from the Baldwin-2Hst1 well, which PetroFrontier successfully drilled in late 2011.
MacIntyre-2H reached a total measured depth of 1,916 metres and stayed within the primary target zone, the Lower Arthur Creek "Hot Shale" Formation, for approximately 1,080 metres, recording positive hydrocarbon indications along the entire length of the horizontal section. A multistage open-hole completion string will now be placed in the well before the drilling rig moves on to drill PetroFrontier's third horizontal well, Owen-3. Thereafter, a fracture stimulation program is expected to be carried out at each of Baldwin-2Hst1, MacIntyre-2H and Owen-3H.
Although the drilling results from MacIntyre-2H are encouraging, this well remains a high-risk exploration venture. Readers are cautioned that no reserves have been proven by this well.
Update - Statoil Farm-in
Pursuant to the recently announced joint venture /Farm-In Agreement with Statoil Australia Oil & Gas AS, a wholly owned subsidiary of Statoil ASA of Norway ("Statoil"), Statoil and PetroFrontier will each contribute US$25.0 million to PetroFrontier's current 2012 - 2013 Phase 1 exploration program. PetroFrontier is being credited with exploration expenditures already incurred in 2012. Upon completion of Phase 1, Statoil may elect to commit to Phase 2 or withdraw completely whereupon Statoil will have earned no working interest in the lands.
Upon committing to Phase 2, Statoil must pay US$25.0 million to PetroFrontier and commit to spend 80% of the next US$100.0 million in the Phase 2 program. Only at that time, will Statoil have earned a 25% interest in PetroFrontier's acreage. In summary, to complete Phase 2, Statoil must spend US$50.0 million and commit to spend an additional US$80.0 million to earn an initial 25% interest in the lands.
During Phase 2, which is scheduled to occur during calendar years 2014 and 2015, PetroFrontier's US$20.0 million exploration contribution will be funded out of the US$25 million paid to it by Statoil. Furthermore, if Statoil elects to proceed with Phase 3 which is expected to occur during calendar 2016 and beyond, PetroFrontier will not be required to contribute any additional funds until Statoil has spent the next US$80.0 million. Since PetroFrontier's net exploration costs to the end of Phase 3 will only be US$20.0 million (during which time Statoil's commitment will be US$210.0 million), PetroFrontier will not require additional equity funding to meet its obligations under the Farm-In Agreement to the end of Phase 3.
Statoil's involvement validates PetroFrontier's understanding of the exploration potential of the Southern Georgina Basin and will allow PetroFrontier to more rapidly explore and develop its exceptionally large acreage position of over 14 million acres. Statoil brings exceptional technical capabilities, being currently heavily involved in North American unconventional resource plays, such as the Bakken, Marcellus and Eagle Ford.
"With success, the full value of this Farm-In Agreement will be captured and we are committed, in partnership with PetroFrontier, to realizing the potential of the Southern Georgina Basin. We look forward to the possibilities", said Vidar Skjaeveland, Statoil's Vice President, New Ventures.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in Australia's Southern Georgina Basin. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC". Founded in 2009, PetroFrontier is one of the first companies to undertake onshore exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is in Calgary, Alberta and its operations office is in Adelaide, South Australia.
http://www.theglobeandmail.com/globe-investor/...e=cnw&slug=C6957
Monday, July 09, 2012
CALGARY, July 9, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce the spudding of its third horizontal well, "Owen-3", in the Southern Georgina Basin, Northern Territory, Australia. Owen-3 is located in the eastern part of Exploration Permit ("EP") 104 where PetroFrontier currently holds a 100% operated working interest and is included in the recently announced joint venture area with Statoil Australia Oil and Gas AS ("Statoil"). Statoil is crediting PetroFrontier with exploration expenditures already incurred in 2012 and will contribute 50% of the costs associated with this project.
Owen-3 will test the unconventional potential of the primary target zone, the Lower Arthur Creek "Hot Shale", in the Toko Synclinal area. Owen-3 will be drilled as a high angle pilot hole to an estimated depth of 1,280 metres, through the Lower Arthur Creek "Hot Shale" Formation and into the Thorntonian carbonate Formation. PetroFrontier will core the Lower Arthur Creek "Hot Shale" Formation and then log the well. The core will provide valuable technical information to enhance PetroFrontier's understanding of the lithology of this formation, which will aid in optimizing the frac design and reservoir modeling. Owen-3 will be plugged back a short distance and then deviated horizontally for approximately 1,000 metres into the primary target zone. Drilling of Owen-3 is expected to take four to five weeks.
Fracture Stimulation Update
Following the drilling of Owen-3H, PetroFrontier intends to conduct a ten-stage fracture stimulation program at each of its three wells in the following order: MacIntyre-2H, Baldwin-2Hst1 and Owen-3H. In order to maximize operational efficiencies, the wells will then be flow tested in the reverse order. The Lower Arthur Creek "Hot Shale" Formation is an unconventional play requiring the use of advanced horizontal drilling and completion techniques in order to properly test for economic flow rates. PetroFrontier will provide market updates on the frac operations as results materialize and definitive results will be confirmed once PetroFrontier can flow test all of these wells, which is expected to occur over the next few months and prior to the onset of the local Australian wet season.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in Australia's Southern Georgina Basin. Founded in 2009, PetroFrontier is one of the first companies to undertake onshore exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is in Calgary, Alberta and its operations office is in Adelaide, South Australia. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC".
http://www.theglobeandmail.com/globe-investor/...e=cnw&slug=C7540
CALGARY, July 11, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that it has received a notice of termination from Macquarie Capital Markets Canada Inc. ("Macquarie") terminating its obligations pursuant to the Underwriting Agreement made effective June 20, 2012 (the "Underwriting Agreement"), whereby Macquarie had agreed to purchase on a bought deal basis 15,000,000 subscription receipts at a price of $1.00 per subscription receipt. The notice of termination received from Macquarie did not provide the reason for Macquarie terminating its obligations under the Underwriting Agreement. Management of PetroFrontier is of the view that Macquarie did not have a valid legal reason to terminate the Underwriting Agreement and PetroFrontier is currently reviewing it options in this regard.
Financial Update
Pursuant to the recently announced joint venture between Statoil Australia Oil and Gas AS ("Statoil") and PetroFrontier, each of the parties has already contributed US$15 million to fund the 2012 capital program. Management believes PetroFrontier has sufficient capital on hand to fund operations throughout 2012. However, additional capital will be required in order to fund 2013 operations including PetroFrontier's remaining commitment of US$10 million under the Phase I joint exploration program with Statoil. Management is currently considering alternative sources of financing to replace some or all of the funds that would have been raised pursuant to the Underwriting Agreement.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in Australia's Southern Georgina Basin. Founded in 2009, PetroFrontier is one of the first companies to undertake onshore exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is in Calgary, Alberta and its operations office is in Adelaide, South Australia. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC".
http://tmx.quotemedia.com/...le.php?newsid=52637115&qm_symbol=PFC
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However, additional capital will be required in order to fund 2013 operations including PetroFrontier's remaining commitment of US$10 million under the Phase I joint exploration program with Statoil
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Der Markt reagiert derzeit auf alles etwas allergisch und oft überzogen.
mfg
Arriba
http://www.theglobeandmail.com/globe-investor/...e=cnw&slug=C8456
Monday, July 16, 2012
CALGARY, July 16, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the Foreign Investment Review Board of Australia ("FIRB") has no objection to the joint venture between Statoil Australia Oil and Gas AS ("Statoil") and PetroFrontier. This approval satisfies the last condition precedent of the Farm-In Agreement announced on June 20, 2012.
"We are thrilled that this final condition precedent has been met" said Paul Bennett, President & CEO of PetroFrontier. "The exploration of our large acreage position in this unconventional resource play will require extensive capital and technical capabilities, both of which Statoil brings to our joint venture. Their involvement will enable our company to develop this massive potential hydrocarbon resource."
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional onshore petroleum assets in Australia's Southern Georgina Basin. Founded in 2009, PetroFrontier is one of the first companies to undertake onshore exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is in Calgary, Alberta and its operations office is in Adelaide, South Australia. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC".
Institutionelle im Boot + der Deal mit Stratoil - ich denke das sind schon gut aus, ABER die letzten beiden Jahre ging es langsam voran und die neue Meldung, wonacvh es Porbleme mit 2 von 3 Bohrlöchern gab sind natürlich nicht so doll.
Ich kann allerdings nicht einschätzen, wie gravierend das ist, wie viele Verzögerung das bedeutet und was was finanziell bedeutet.
Ganz klar iat aber auch, dass es Petrofronier den Partner braucht um das Öl/Gas zu fördern...vieloeicht gibt es ja 2013 mehr Erfolge.
Nur knapp 80 Mio Aktien ausgegeben davon, hat allein Heritage OIL als Großaktionär knapp 16 Mio Aktien, sowie verschiedene Insider zusätzlich 10 Mio Aktien. Statoil ist seit diesem Jahr Operator auf dem Gebiet und ich traue den Jungs einiges zu. Petrofrontier hat meines Erachtens einfach nicht die nötige Erfahrung gehabt allein was zu reißen, hat man ja die letzten 2 Jahre gesehen. Statoil verfügt über ein sehr gutes Expertenteam und verfügt über Erfahrung im Georgina Basin.
Allein Statoil finanziert die Bohrkampagne dieses Jahr, Petrofrontier muss nicht 1 $ Dollar für die Kampagne zahlen. Mich wundert daher die Zurückhaltung hier in Deutschland, das kann eine zweite Africa Oil werden, vorausgesetzt Statoil hat erfolg mit der Bohrkampagne.
Shareprice TSX-V: 0,32
Market Cap: 25.00 Mio $
Cash: ca. 7.5 Mio$
Was meint ihr dazu ?
Stellt euch mal vor, das wird was ?? Da sind 1 $ locker wieder drin.
Was haltet ihr von dem Wert, lohnt sich jetzt der Einstieg ?
Momentan pendelt der Kurs zwischen 0.17 - 0.18 CAD, also wäre bei einem Erfolg richtig was drin.
Wer ist momentan investiert oder hat es vor und was erwartet ihr von dem Wert ??