News and Announcements
Operational Update
- Published March 06, 2012 4:20PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Baraka Energy & Resources Ltd (ASX:BKP, RBD:GR)(“Baraka” or “ the company”), advises that its Joint Venture partner Petrofrontier Corp (TSX:PFC) has released an update regarding recommencement of MacIntyre-2(in EP 127), Baldwin-2Hst1 and the potential Owen-3H.
PetroFrontier(the Operator) announced that it had contracted Rig 918 from Ensign Australia Pty. Limited, a subsidiary of Ensign International Energy Services. Rig 918 will be used to finish the MacIntyre-2H horizontal well and then drill a high angle pilot well at Owen 3. The party currently using Rig 918 has advised that Rig 918 will not be released from its current drilling location in the Cooper Basin until mid-April 2012. Once Rig 918 is released, PetroFrontier anticipates that an additional week will be required to mobilize it from the Cooper Basin to the Southern Georgina Basin. However, if current rain persists in the Cooper Basin or in the Southern Georgina Basin, the arrival of Rig 918 could be further delayed.
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