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.
