PetroFrontier Corp (PFC)

[JB3729]

PetroFrontier has equated the Southern Georgina Basin "Hot Shales" to the Bakken.

Two Bakken related articles out today:

In my analysis, the acquisition implies a purchase price of over $40,000 per undeveloped acre which is record setting for the play.

http://seekingalpha.com/article/829861-qep-resources-pays-estimated-6-million-per-drilling-location-in-the-williston-basin?source=email_alternative_energy_investing&ifp=0

We estimate that QEP paid $50,000 per net acre, $131,429 per flowing BOEPD and $11.04 per 3P reserves.

http://seekingalpha.com/article/831381-qep-resources-takes-a-bigger-bite-of-bakken?source=email_alternative_energy_investing&ifp=0

After the Statoil farm-in is fully implemented, PFC's net acreage position will be 35% of 13.6 mm acres = 4.76 mm.

Just imagine if some of these acres become as valuable as the above Bakken acres!

Heck, an average selling price of $1,000 an acre would be $4,760,000,000, yes, $4.76 Billion!

Please PetroFrontier, show us the oil and gas!

JB