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
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 worldwide.
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.
For further information:
Paul Bennett, President and CEO, or
Susan Showers, Manager, Investor Relations
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