PetroFrontier Corp. announces seismic program on Southern Georgina Basin,
CALGARY, July 22, 2013 /CNW/ - (TSXV: PFC) - PetroFrontier Corp.
("PetroFrontier") announces that it has begun recording the "AMY" 2D
proprietary seismic acquisition program (approximately 385 km in length) on
its four exploration permits ("EP"), EP 103, EP 104, EP 127 and EP 128, in the
Southern Georgina Basin, Northern Territory, Australia.
This seismic survey, contracted to Terrex Seismic of Australia, will fulfill
the Northern Territory government work commitments for permit retention, will
delineate the southern and northwest basin margins and help outline
prospective hydrocarbon target areas. PetroFrontier and its partners, Statoil
Australia Theta B.V., a wholly owned subsidiary of Statoil ASA ("Statoil") and
Baraka Energy & Resources Limited, will interpret the data gathered to target
conventional hydrocarbons in the Cambrian Thorntonia and other formations and
unconventional hydrocarbons in the Lower Cambrian Arthur Creek Formation. The
most promising areas will be seismically mapped out and the data will aid in
identifying locations for exploration wells to be drilled as part of the
2013/2014 capital exploration program in the Southern Georgina Basin.
Statoil is an international technology-oriented energy company focused on
upstream oil and gas operations and currently produces 2 million barrels of
oil equivalents per day. Statoil has high ambitions for international growth
and is active in 35 countries around the world. Statoil's shares are listed on
both the Oslo Børs ("STL") and the New York Stock Exchange ("STO"). Statoil
has a market capitalization of around US$72 billion and has 23,000 employees
About PetroFrontier Corp.
PetroFrontier is an international oil and gas exploration company engaged in
the exploration, acquisition and development of both conventional and
unconventional petroleum assets in Australia's Southern Georgina Basin.
PetroFrontier's common shares are listed on the TSX Venture Exchange under the
symbol "PFC". Founded in 2009, PetroFrontier is one of the first companies
to undertake exploration in the Southern Georgina Basin in Australia's
Northern Territory. PetroFrontier's head office is based in Calgary, Alberta
and its operations office is in Adelaide, South Australia.
This press release may contain forward-looking information that involves
substantial known and unknown risks and uncertainties, most of which are
beyond the control of PetroFrontier, including, without limitation, statements
pertaining to its capital exploration program and management's future plans
and operations. All statements included herein, other than statements of
historical fact, are forward-looking information and such information involves
various risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information
and a description of risk factors that may cause actual results to differ
materially from forward-looking information can be found in PetroFrontier's
disclosure documents on the SEDAR website at www.sedar.com. Any
forward-looking statements are made as of the date of this release and, other
than as required by applicable securities laws, PetroFrontier does not assume
any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE PetroFrontier Corp.
Paul Bennett, President and CEO, or Susan Showers, Manager, Investor Relations
PetroFrontier Corp. Suite 320, 715 - 5 Ave. S.W. Calgary, Alberta, Canada T2P
2X6 Telephone: (403) 718-0366 Toll Free: (877) 822-7280 Fax: (403) 718-3888
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CO: PetroFrontier Corp.
NI: OIL FIELD
-0- Jul/22/2013 11:57 GMT
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