Not for release in the United States of America PetroFrontier Corp. announces that the Company's Third Quarter 2022 Financial Statements and Management's Discussion and Analysis 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's head office is in Calgary, Alberta [...]
PetroFrontier Corp. is pleased to announce that the Corporation's 2021 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 announce that formal documents have been completed and executed with Rhino Energy Pty Ltd. which included an additional cash advance such that total funding in the amount of $3,500,000 has been provided to PetroFrontier . The Agreements contemplate that total funding of $24,000,000 will be contributed by Rhino Energy to advance development of PetroFrontier's joint venture interests in the [...]
PetroFrontier Corp. announces that the Company's Third Quarter 2021 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR . About PetroFrontier PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays with substantive enhanced recovery potential in the Cold Lake and Wabasca areas of Alberta. PetroFrontier's head office is in Calgary, Alberta [...]
PetroFrontier Corp. is pleased to announce that it has entered into a letter of intent with an arm's-length third party company which will enable continued development of PetroFrontier's joint ventures at the Cold Lake and Wabasca areas of Alberta . The LOI contemplates the following: Fundco will provide total funding to PetroFrontier in the amount of $24,000,000 enabling Fundco to earn up to a 50% interest in the PFC [...]
PetroFrontier Corp. is pleased to announce that all of the resolutions put forward at PetroFrontier's Annual and Special Meeting of shareholders held on August 10, 2021 were passed by over 99.8% of shareholders voting at the Meeting representing over 80% of the total issued and outstanding shares of the Company. The full text of each resolution is contained in the Management Information Circular, which is available on [...]
PetroFrontier Corp. is pleased to announce the following: Private Placement PetroFrontier has completed a non-brokered private placement for aggregate gross proceeds of $373,469 whereby the Company issued an aggregate of 4,979,583 common shares from its treasury at a price of $0.075 per Common Share. Proceeds from the Private Placement will be used to fund development and provide additional working capital to the Company [...]
PetroFrontier Corp. announces its intention to complete a private placement of common shares of the Corporation at a price of $0.075 per Common Share for proceeds of up to $400,000 . The Corporation intends to rely on the following exemptions from prospectus requirements in relation to the Private Placement: The "accredited investor" exemption; and The exemption for sales to purchasers advised by investment dealers. The [...]
PetroFrontier Corp. announces that the Company's First Quarter 2021 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR . About PetroFrontier PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays with substantive enhanced recovery potential in the Cold Lake and Wabasca areas of Alberta. PetroFrontier's head office is in Calgary, Alberta [...]
PetroFrontier Corp. is pleased to announce that the Corporation's 2020 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 . Fulfillment of Lease Obligations at Wabasca PetroFrontier is also pleased to announce that it has now completed the drilling obligations under an oil and gas lease [...]
PetroFrontier Corp. is pleased to announce that it has closed its previously announced credit facility in the amount of $2,000,000 . Kasten Energy Inc. and Paul Cheung are insiders of the Corporation and provided $1.5 million and $500,000 of the Credit Facility, respectively. The Credit Facility was unanimously approved by the board of directors of PetroFrontier, excluding a director that abstained from voting due to a [...]
PetroFrontier Corp. is pleased to announce that it has secured a credit facility enabling it to meet its drilling commitments. Credit Facility The commitment letter provided to the Corporation provides for advances in the amount of up to CDN $2,000,000 from a syndicate of lenders including Kasten Energy Inc. and Paul Cheung . Kasten and Paul Cheung are insiders of PetroFrontier as they each own more than 10% of the [...]
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