PetroFrontier Corp (PFC)

[robjb5]

Thank you.."Do I see it as a possibility,etc."? Yes.I do,but not as a "probability",certainly not some considerable time..
In the interim,through Phases 1-2-3,over a projected period from 2012 until 2016,Statoil will ultimately control almost 40% of EP's 127,128,and 52% of EP's 103,104,and the yet to be granted EP,s 213 & 252.
It does need to be appreciated that the vast majority of PFC's costs will be covered,eventually, by Statoil,therefore the pressure for PFC to find the necessary funding will be reduced..
If you are in a position to re-read some of the geological reports from earlier years,it becomes quite evident that the
75sq.km area,(around the Elkedra-7A well,in EP128),is the sweet spot.
PFC/Statoil have been excluded from this area by BKP,who are the J.V.'s partner in the 3 phases..
To sum up,the Southern Georgina Basin is Australia's answer to the Baaken shales,and as this realization sinks in,we will see the demand for exploration increase exponentialy..
The major stumbling block to "oil patch" development,in this area,is the almost total lack of infrastructure..