PetroFrontier Corp (PFC)

[JB3729]

I called PFC investor relations yesterday. Susan Showers just called me back. She said she wasn't returning calls yesterday due to the PR that was out today.

Susan said the flow testing of Owen 3 would start immediately. We may not know the results for 3-4 weeks though. She said they want to flow the well for an extended amount of time in order to find out exactly what they have.

The plan for 2013 -

Complete the other 2 wells.

They are considering drilling stratigraphic wells next year in order to identify sweet spots. Smaller, more mobile rig(s) could be used to punch these holes. There are only about 15 rigs in Australia capable of drilling horizontal wells. These rigs are tough to contract and very expensive. PFC and partners are considering buying their own rig to drill the sweet spots in 2014 and beyond.

Susan seems very knowledgable and was a pleasure to talk to.

JB