PetroFrontier Corp. announced today that its: annual financial statements, accompanying management's discussion and analysis and related chief executive officer and chief financial officer certifications for the financial year ended December 31, 2024 , and the reserves data and other oil and gas information required by Part 2 of National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities , may not be [...]
PetroFrontier Corp. is pleased to announce that its previously announced funding arrangement with DeerGarden Resources Ltd. to optimize development of interests held by the Corporation in the Cold Lake area of Alberta closed on December 31, 2024. Pursuant to the Funding Arrangement: a) PetroFrontier assigned all its petroleum and natural gas interests in the Cold Lake area to an Alberta registered limited partnership in [...]
PetroFrontier is pleased to advise of amendments to credit facilities in place with its lenders Kasten Energy Inc. and Tailwind Capital Partners Inc. Kasten Three existing debt instruments - a Debenture and two credit facilities - matured at different times during 2022. The Corporation negotiated extensions to the Debenture and credit facilities with an updated facility that was the subject of the April 13, 2023 press [...]
PetroFrontier Corp. is pleased to announce that it has signed the formal agreements for its previously announced funding arrangement with DeerGarden Resources Ltd. , an arm's-length private energy company incorporated under the laws of Alberta, to optimize development of interests held by the Corporation in the Cold Lake area of Alberta . Pursuant to the Funding Arrangement: PetroFrontier assigns all its petroleum and [...]
PetroFrontier Corp. is pleased to announce that it has, pursuant to a term sheet made effective July 1, 2024 but accepted July 18, 2024, entered into a funding arrangement with DeerGarden Resources Ltd. , an arm's-length private energy company incorporated under the laws of Alberta, whereunder the Funder will provide capital through a limited partnership, to optimize development of PetroFrontier's current and future [...]
PetroFrontier Corp. is pleased to announce that the Corporation's 2023 Annual Financial Statements, Management's Discussion and Analysis and NI 51-101 forms regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR . About PetroFrontier PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta [...]
PetroFrontier Corp. is pleased to provide the voting results from its annual and special meeting of shareholders held on August 16, 2023. Shareholders voted on and approved the following proposals: to set the number of directors at three, the election of the directors of the Corporation, the appointment of MNP LLP, as Auditors of the Corporation for the ensuing year and authorized the Directors to fix their remuneration [...]
PetroFrontier Corp. is pleased to announce that it has partnered with the Korea Institute of Geoscience and Mineral Resources enabling PetroFrontier to initiate the development of its enhanced oil recovery opportunities. The partnership will proceed under the terms of the Cooperative Research and Development Agreement signed by the parties. The Agreement provides for the design and construction of an advanced EOR pilot [...]
PetroFrontier Corp. is pleased to announce that the Corporation's Financial Statements and Management's Discussion and Analysis for the period ended March 31, 2023 have been filed on SEDAR . Funding Arrangement PetroFrontier is also pleased to announce that it has entered into a funding arrangement with a group of investors providing up to $3 million to drill two multi-lateral wells at Cold Lake this year. The investors [...]
PetroFrontier Corp. is pleased to announce that the Corporation's 2022 Annual Financial Statements, Management's Discussion and Analysis and NI 51-101 forms regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR . Executive Appointment PetroFrontier is also pleased to announce that Mehran Joozdani has joined the Corporation as its new Chief Operating Officer. Mr. Joozdani, who most [...]
PetroFrontier Corp. is pleased to announce that it has successfully extended a total $6,353,000 of its principal debt obligations for a period of two additional years. The debt obligations included a debenture that matured on August 31, 2022 and previous credit facilities which matured on August 31, 2022, April 30, 2022 and October 31, 2022. The agreements extend the repayment dates to March 31, 2025 and include that [...]
PetroFrontier Corp. announces its intention to grant options to key personnel under its option plan. The Corporation intends to grant Options to acquire 4,950,000 Common Shares. Each Option will entitle the holder to acquire a Common Share at a price of $0.08 per Common Share for a term of five years. The Options will vest as to one third each on the date of grant and the first and second anniversaries of the grant. About [...]
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