US$ 50.0 MM Fully-Carried 2013/2014 Capital Program
• Assumed operatorship on September 1, 2013
• 304 km AMY Seismic program to be interpreted late Q4
• Currently mobilizing a technical team of 15-20 including a 4-6
person drilling group from Houston, TX to Adelaide
• Drilling program of 4-6 exploration wells completed by end of 2014
o Definitive timelines pending finalization of rig contracts
o Vertical wells to be fully logged and cored
o Perforate, fracturing and flow testing possible on 2 or more
o Wells to be located on 3 of the four active permits
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Investment case
• Farmin agreement with Statoil Australia provides a full carry of up to $175 MM of exploration and
development funding
• Statoil assumes operatorship September 1, 2013; drilling activity to ramp up in 2014
• Proven expertise in Statoil as it continues to drive profitable growth across the globe with continued
exploration success
A Major Coup! Winning Statoil to join and to renew as a JV partner
• Statoil to fully carry US$50.0 MM 2013/2014 capital exploration program; optionality for fully funded capital
programs over next 3 years
• Eliminates the need for PetroFrontier to raise additional financing; $9.6 MM current working cash position
Fully funded exploration program through to 2016
• High value resource base remains in place; Unconventional ~26.4 BBbl, Conventional ~1.2 BBbl
(Ryder Scott, Nov 2010)
• PetroFrontier retains 20% working interest in massive tracts of under explored permits in Australia;
12.2 MM net acres
• Statoil Farmin Agreement values land at $17.93/acre or $218.75 MM
Big resource numbers; Unparalleled frontier land base
• Average 10 day trading price of $0.21/share; full carry farmin implies a value of $0.67/share
Attractive valuations; currently trading at a huge discount
• Cost reduction program reduces cash burn; positions PetroFrontier to pursue new growth opportunities
• Currently evaluating domestic and international opportunities
futr
Recent PFC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:07:19 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/27/2024 01:04:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:08:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:07:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:06:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:05:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:03:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:02:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:01:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:00:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:56:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:52:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:50:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:28:03 PM
- Premier Financial Corp. Announces Full Year 2023 Results • Business Wire • 01/23/2024 09:15:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/23/2024 09:13:56 PM
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