BKP, BARAKA ENERGY & RESOURCES LIMITED

[joules mm1]

email ex TSV:PFC

PetroFrontier Spuds OzGamma-1

CALGARY, May 30, 2014 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the third well in its 2014 Work Plan and Budget (the "2014 WP&B") has now spud and drilling is underway. The OzGamma-1 well is a vertical exploration well located in Exploration Permit 103. This is the third of up to five vertical test wells to be drilled as part of the 2014 WP&B. All wells will include an extensive open hole evaluation program and up to three of the wells will be cased for future hydraulic fracture stimulation and production testing.

Prior to the spud of the OzGamma-1 well, Statoil Australia Theta B.V., PetroFrontier's joint venture partner and the operator of the 2014 WP&B, successfully drilled and cased the second well of the 2014 WP&B, OzBeta-1. All of the planned open hole well evaluation activities have been completed and are now being analyzed. A total of 99.1 metres of core were recovered in a continuous coring process, which penetrated the Lower Arthur Creek and Thorntonia formations.

Subsequent to drilling the OzGamma-1 well, the rig will be moved to the fourth well location of the five well program, OzDelta-1, located in Exploration Permit 128. Readers are encouraged to review the current investor presentation online to see both the well locations and seismic cross sections.

[joules mm1]

email


PetroFrontier Spuds OzBeta-1

CALGARY, May 7, 2014 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the second well in its 2014 Work Plan and Budget (the "2014 WP&B") has now spud and drilling is underway. The OzBeta-1 well is a vertical exploration well located in Exploration Permit 127. This is the second of up to five vertical test wells to be drilled as part of the 2014 WP&B. All wells will include an extensive open hole evaluation program and up to three of the wells will be cased for future hydraulic fracture stimulation and production testing.

Prior to the spud of the OzBeta-1 well, Statoil Australia Theta B.V., PetroFrontier's joint venture partner and the operator of the 2014 WP&B, used the rig to successfully abandon the Owen-3H well in accordance with Australian regulations. The 2014 WP&B is progressing on schedule and as approved by the Joint Operating Committee.

Subsequent to drilling the OzBeta-1 well, the rig will be moved to the third well location of the five well program, OzGamma-1, located in Exploration Permit 103. Readers are encouraged to review the current investor presentation online to see both the well locations and seismic cross sections.

About PetroFrontier Corp.

PetroFrontier is an international oil and gas exploration company engaged in the exploration, acquisition and development of both conventional and unconventional petroleum assets in Australia's Southern Georgina Basin where, subsequent to its Amended Farmin Agreement with Statoil Australia Theta B.V., it holds a net carried 20% working interest in approximately 13.1 million gross acres. PetroFrontier's head office is based in Calgary, Alberta and its common shares are listed on the TSX Venture Exchange under the symbol "PFC".

[apache123]

Seismic has been kicked off for southern and north west parts of Georgina Basin according to article on Upstream

http://www.upstreamonline.com/live/article1332773.ece

[apache123]

Some steps to sort out the PetroFrontier funding issue.

StatOil unfortunately don't take operatorship till Sept 2013.
The four exploration permits affected are EPs 103, 104, 127 and 128

Statoil grows Oz shale footprint

http://www.upstreamonline.com/live/article1329620.ece

[dmayberr]

Good announcement out today re Statoil farm-in, nice partner to have given their position in the Bakken and similaarities between it and the Arthur Creek shale, may send the share price north fairly quickly.

[garryg]

In Reply To: garryg's post @ Apr 23 2012, 07:22 PM

Finally finished with BKP. Was hoping for a late surge in the SP but the general market nervousness, tax-time selling and the offer of better BESBS plays has impacted upon BKP at the moment. While the current drill might turn out to be a huge success (and I do hope so for holders), I'll take my profit and go. Only had 20% of original parcel remaining but now out.
All the best to holders.

Time to get set elsewhere following the BESBS strategy.

SOLD final 20% of main parcel (bought at .003c) for .011c at 266% profit with 50% CGT free
SOLD 80% of main parcel (bought at .003c) at .0165c ave. 400+% profit with 50% CGT free
SOLD trading parcel at .019c (4% profit)

[garryg]

In Reply To: apache123's post @ Apr 23 2012, 02:05 PM

Hi Apache,

I suspect we won't see drilling until later in H2 2012.
Happy to hold but pity it is taking so long.




Holding 20% of main parcel at .003c
SOLD 80% of main parcel (bought at .003c) at .0165c ave. 400+% profit with 50% CGT free
[b]SOLD[/b] trading parcel at .019c (4% profit)

[apache123]

Hmmmm...... Its past mid April and no announcement when the Ensign Rig 918 will arrive on site.

Has the rain delayed the rig getting to the site?

[apache123]

In Reply To: apache123's post @ Mar 26 2012, 03:26 PM

hmmm... Standard reply from BKP in regard to the ASX Speeding Ticket

[apache123]

May need to check the rear view mirror for ASX Speeding ticket.

SP up 20% at one stage with 25M changed hands