PetroFrontier reviews financial options

PetroFrontier Corp., founded in 2009 as one of the first companies to explore for oil and natural gas in the southern Georgina basin of Northern Territory, Australia, is considering, recapitalization, a merger or other combination with another company, or outright sale.

The company, based in Calgary, has retained GMP Securities LP as its exclusive financial advisor and has opened an electronic data room.

PetroFrontier has a working interest of about 85.5% in 14.1 million gross acres in Australia (OGJ Online, Dec. 6, 2012).