Company Profile
PetroFrontier is an international oil and gas corporation engaged in the exploration, acquisition and development of both conventional and unconventional world-class onshore petroleum and natural gas assets in Australia’s South Georgina Basin. PetroFrontier has a net 85.5% operated working interest in 13.6 milliongross acres (54,850 km2) of land in the region
Conventional and Unconventional Resources
|
Un-risked Undiscovered Original
Oil in Place Expressed in Millions of Barrels |
Un-risked Prospective (Recoverable) Oil Resources Expressed in Millions of Barrels
| ||||
|---|---|---|---|---|---|---|
PFC’s Gross Lands
|
Low (P90)
|
Best (P50)
|
High (P10)
|
Low (P90)
|
Best (P50)
|
High (P10)
|
Thorntonia
|
3,548
|
6,278
|
10,700
|
556
|
1,026
|
1,838
|
Steamboat Sand
|
238
|
526
|
975
|
25
|
58
|
121
|
Hagen
|
155
|
273
|
460
|
16
|
31
|
58
|
Dolomitic Shoal
|
7
|
12
|
19
|
1
|
1
|
2
|
EP 103 & 104 Shale
|
137,229
|
192,190
|
257,899
|
8,879
|
18,883
|
27,799
|
EP 127 & 128 Shale
|
54,758
|
76,649
|
102,908
|
4,850
|
7,535
|
11,093
|
Total
|
195,935
|
275,928
|
372,961
|
14,326
|
27,534
|
40,911
|
According to Management, PetroFrontier's lands in the Southern Georgina Basin have similar geological features to the unconventional Bakken and conventional carbonate ramp plays in North Dakota and Southeast Saskatchewan, Canada’s Williston Basin. According to an April 2008 U.S. Geological Survey report, the Bakken oil shale formation has an estimated 3.65 billion barrels of recoverable light oil reserves. Comparably, according to the independent resource-evaluation firm, Ryder Scott Company Consultants Ltd. (Ryder Scott), PetroFrontier’s gross lands contain prospective (recoverable) un-risked, undiscovered resources totalling 11.3 billion barrels of oil. Of this amount, 8.9 billion barrels of oil come from the unconventional Arthur Creek Hot Shale.
PetroFrontier is headquartered in Calgary, Alberta and employs a highly experienced management team and board of directors with expertise in international oil and natural gas exploration and development. Conducting all of their operations in Australia, PetroFrontier also has an office in Adelaide, Australia and utilizes local expertise by employing local management, staff and consultants to assist in the development and implementation of the Corporation’s exploration projects. PetroFrontier believes that maintaining strong community, government and industry partnerships in Australia through sound corporate citizenship will be a key element of their overall success.
