Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Exploration & Production

PetroFrontier Hits Roadblock at South Georgina Basin Well

printPrint    |   
PetroFrontier Hits Roadblock at South Georgina Basin Well

PetroFrontier Corp. has reported that its Board of Directors has commenced a strategic review process to identify, examine and consider strategic alternatives for the Corporation. Such strategic alternatives could include a recapitalization of the Corporation, a merger or other business combination of the Corporation with another entity or the sale of the Corporation as a whole.

On June 20, 2012 , the Corporation announced that it had entered into both a farm-in agreement with Statoil Australia Oil & Gas AS and an underwriting agreement with a large investment bank for the purchase on a "bought deal" basis of 15,000,000 subscription receipts at a price of $1.00 per subscription receipt.

On July 11, 2012 , the Corporation announced that it had received a notice from the investment bank…

Finish this article — free account or subscription
  • ✓  Full news archive — U.S., Canada & international coverage
  • ✓  A&D transactions — asset deals, corporate M&A, assets for sale
  • ✓  Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in


Austral-Asia News