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Baraka Energy and Resources and JV partner PetroFrontier successfully drill first well

Baraka Energy and Resources (ASX: BKP) and joint venture partner PetroFrontier Corp (TSX-V: PFC) have updated the market with the news the first well in the in the Southern Georgina Basin has successfully been drilled.

Baraka has a carried undivided 25% working interest up to completion of a minimum of 500 meters of horizontal drilling into the Basel Arthur Creek Shale on either EP 127 or EP 128.

PetroFrontier last night announced the successful drilling of Baldwin-2 horizontal well, and will now suspended Baldwin-2Hst1 and move Major's TXD-SS2018 rig to the second location in the current program.

This is MacIntyre-2, located in the north-eastern corner of EP 127, around 60 kilometres to the northwest of the Baldwin location.

The rig once released is expected to commence drilling the MacIntyre well in approximately three weeks following minor rig modifications.

The MacIntyre-2 well to be drilled has been redesigned and re-engineered as a deviated pilot hole kicking off to a horizontal in the Lower Arthur Creek "Hot Shale". This new well design is expected to result in greater drilling efficiencies and substantial cost savings.

Baraka and PetroFrontier will issue its next update once a date has been determined to spud the MacIntyre-2 well. Once MacIntyre-2 has been drilled, PetroFrontier intends to frac and complete the well using multi-stage open hole techniques.


Final results

The highly anticipated final results will then be released from MacIntyre-2 and the completions crew will subsequently return to Baldwin-2Hst1 to conduct a similar completion program there.

It has always been PetroFrontier's strategy to frac MacIntyre-2 and Baldwin-2 back to back in order maximize cost controls.