PetroFrontier Corp (PFC): We rate PetroFrontier as SECTOR OUTPERF...

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ariadndndough

Re: futrcash post# 90

Friday, 10/12/2012 3:50:57 PM

Friday, October 12, 2012 3:50:57 PM

We rate PetroFrontier as SECTOR OUTPERFORM with a target price of $5.00. The Company has a high exploration/geological risk, but also a potentially high reward investment opportunity. The Company’s lands contain an estimated 25.6 billion bbls (at 100% WI) of unrisked Prospective Resource (Best Case). Success, particularly in the unconventional opportunity, could have tremendous scalability for the Company.
Highlights: Frac operation are substantially complete on the three wells – but with difficulties on two, only one will proceed to the testing stage at the moment, with the other two to follow but likely not until Q1/13. Technically, the Company does not have any new information yet on the potential of these wells, but the testing process for two of the three wells will now take longer than previously expected
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31652096&l=0&r=0&s=PFC&t=LIST#gVh1OT3WIivBEvfQ.99