Consider this:-
The technical aspects of these two wells,SO FAR, are extremely positive,with every indication of Owen-3 being equally successful; with,HOPEFULLY, all three wells probably,eventually being successful producers.
However, from a PFC share holders perspective the prospect of seeing my percentage of the operation reduced from a former 75% down to, at the beginning of "Phase Three", a
mere 35.8%, must be a trifle galling!
That, in my opinion, is the MAJOR reason for the performance of PFC's shareprice on the TSX.....
petrofrontier corp. announces successful drill, page-4
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