Australia: PetroFrontier earns Georgina basin interests

PetroFrontier Corp., Calgary, said its Australian unit has earned a 50% working interest in EP 127 and EP 128 in Australia’s Northern Territory under an agreement with Baraka Energy & Resources Ltd., formerly Baraka Petroleum Ltd.
June 19, 2012

PetroFrontier Corp., Calgary, said its Australian unit has earned a 50% working interest in EP 127 and EP 128 in Australia’s Northern Territory under an agreement with Baraka Energy & Resources Ltd., formerly Baraka Petroleum Ltd.

The earning increases PetroFrontier’s working interest in the two Georgina basin licenses to 75% from 25% in 5.9 million net exploratory acres.

PetroFrontier is drilling the MacIntyre-2H well on EP 127, which has now exceeded a horizontal length of 501 m, the minimum farm-in commitment. PetroFrontier intends to continue drilling to a total horizontal length of 1,000 m. After MacIntyre, the rig will move to the Owen-3 wellsite.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.

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