NEWS: Well 1 Commences in Georgina Basin Program
Photos on Website
Baraka Energy & Resources Ltd (ASX:BKP)(“Baraka” or the “Company”) is pleased to announce that
their joint venture partner, PetroFrontier Corp (TSX-V:PFC) (“PetroFrontier”) announced last week
their spudding of the first hole on their Baldwin-2 on EP 103 prior to moving to Baraka's EP127 to
drill the MacIntyre 2 in the Georgina Basin in the Northern Territory of Australia
Our partners have been kind enough to provide us with colour photographs of the drill site and
the rig in operation.
These photographs have been posted onto the Baraka's website. www.barakaenergy.com.au
Also recently posted on to the website is a report from the Australian Government "Geoscience"
Department on the Georgina Basin, and in particular very detailed analysis of samples from the
Baldwin 1 and McIntyre 1 on Baraka’s EP 127 and an unexpected analysis of Elkedra 3 on Baraka's
EP128, which makes for very interested reading for those interested in detail and potential from
the Basin in general.
Whilst the first and second wells being drilled by PetroFrontier are targeting the huge potential of
the Arthur Creek Shale on EP103 and EP127 analogous to the highly successful Bakken Oil Shale
discovery in Canada/USA, there are potential discoveries of conventional oil and gas above each
targeted zones of the Shale, which may be intersected prior to the Horizontal drilling taking place
on each well.
The first well is expected to be complete within weeks and then move onto McIntyre 2 on EP127
on Baraka’s ground where the first Fraccing of the Arthur Creek Shale will take place.
END
For further information please contact:
Mr Collin Vost
Managing Director
Baraka Energy and Resources Ltd
Tel: 08 6436 2350
Em: info@barakapetroleum.com
