PetroFrontier Corp (PFC)

[JB3729]

Thanks for that, douginil.

I was wondering about the Brigham connection.
The Statoil buy:
http://www.bloomberg.com/news/2011-10-17/statoil-to-buy-outstanding-shares-of-brigham-exploration-for-36-5-a-share.html

PetroFrontier compares their land holdings to the Bakken: This "Hot Shale" is interpreted by management as having similar geological features to the unconventional Bakken play found in Saskatchewan, Canada and North Dakota, USA.
http://www.petrofrontier.com/index.php?page=company_profile

Seeking Alpha article on Brigham Exploration:
The speaker mentioned the key point that Brigham had drilled 79 consecutive North Dakota wells, each with an average IP (Initial Production) of 2,800 boe/d (barrels of oil equivalent per day). This average is quite impressive for the area, making them a key player.
http://seekingalpha.com/article/296698-brigham-exploration-company-s-bright-future

JB