Baraka Energy and Resources (ASX: BKP) will make an announcement concerning its exploration program and an amended farm-in before Friday 14th June.
At March quarter end, Baraka had some A$3.3 million of cash and liquid assets currently uncommitted and was considering distressed investments and projects that add value to shareholders' funds.
Baraka said recently it was hopeful that Petrofrontier Corp. (TSX-V:PFC) would be in a position to provide more detail of the 2013 plans for the joint venture in the Georgina Basin in the Northern Territy.
Petrofrontier is the operator and also controls to a large extent the information able to be released to the market by virtue of the joint venture agreement.
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