PetroFrontier Corp (PFC)

[JB3729]

Repost from SH

richlund, you wrote ...

Here's what I got from Ms Showers. I'm still not clear if they'll manage to flow test before the rains:
- the frac crew is expected to arrive next week and will begin with the MacIntyre-2H location. I have attached our recent press release from the Owen-3 Vertical location which is very promising at this stage; we are in the process of completing the horizontal leg which we expect to be finishing by the end of the month.

We had decided that we less is best re the technical information we provided. The Baldwin release discussed some very positive results but was perceived as a gas play where in fact we really are not sure if it is “oily gas” or “gassy oil”; better results with MacIntyre though but the frac’ing with be the telling tale so would expect plenty of news flow in the next 3 months as we expect to frac all three wells prior to the onset of the Northern Territory’s wet season.

This shows fracturing and completion durations: http://www.ndoil.org/?id=184 (click #10)
1. Equipment mobilization and set up – 7 days;
2. Service rig work – 3 days;
3. Hydraulic fracture – 5 days of 24 hour/day operation;
4. Initial production and well flow back – 3 days of 24 hour/day operation;
5. Frac plug drill out – 4 days of 24 hour/day operation
6. Install production equipment, including tank batteries, pump jack, controllers and power connections – 4 days

With the frac crew expected to arrive 8/19 - 8/25, They should have started on 8/27 at the latest. Allowing 2 days for #1, 3 days for #2, and 5 days for #3, a well could be fracked in 10 days. Figuring 2 days for travel between wells and 5 days for time off and, or, delays, all 3 wells may be fracked by 10/2.

#4 only takes 3 days. Not sure if #5 will be done. Figuring that it will be, the completion for each well can be done in 7 days. Again, adding 2 days for travel between wells and 5 days for whatever, all 3 wells may be completed by the end of October.

I hope PFC can achieve this.

JB