As per PFC's 16th Jan Announcement:
"Although PetroFrontier has not set a definitive deadline, it anticipates completing this search by late March, 2012 so that it can coordinate such third party participation with its current exploration program. PetroFrontier does not intend to disclose developments with respect to the search process until its Board of Directors has approved a definitive agreement with a joint venture partner, or otherwise determines that disclosure is required"
Then Mcquarie Capital has this (please note the proposal due date at the bottom) :
Confidentiality Agreement
?? Confidential information is available in the Data CD,
the Confidential Memorandum, the Data Room and
the Virtual Data Room
?? Download at www.macquarietristone.com
Evaluation Materials
?? Available mid February 2012
Data Rooms (Calgary, AB)
?? Open mid February 2012
?? Shelly Hopp (403-539-4348) will contact you
to schedule a Data Room appointment after
receipt of TWO signed Confidentiality Agreements
Proposals Due:
?? Due March 29, 2012
PFC has since mentioned delay in mobilizing Ensign's rig #918 and have anticipated likely extention of the proposal due date - although in no definitive terms that it will be extended.
Does this mean that they now have the proposals and are considering their options? But what ever the case... I am anticipating a few announcements during the coming few weeks.....
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