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Joules MM1

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grins alround....
Colin Vost (ASX:BKP)
We think this is a fantastic result for everyone involved, especially our shareholders, this is an enormous amount of money to be spent on exploration and indicates just how massive the potential for this area could be. Statoil is a global oil & gas company listed on the New York Stock Exchange and the Oslo Bors with a market capitalization of approx US$75 Billion. We believe they presently have business operations in 41 countries/territories and now you can add Australia. As we understand it, this is the first investment of Statoil into Australia, and needless to say, adds huge global credibility to the Southern Georgina Basin as well as significant capital and technical capability.
Paul Bennett (TSV:pFC)
We are very excited to announce this farm-in agreement whereby up to US$230.0 million will be spent on our unconventional properties, of which Statoil will contribute up to US$210.0 million. Statoil is a highly regarded international exploration company, actively involved in major unconventional plays and brings exceptional financial resources and technical capabilities to our new relationship. We believe that partnering with a global leader like Statoil validates the potential of our assets and the exploration work we have completed to date.
Atle Rettedal (NYSE:STO)
These exploration activities are in line with our objective to access shale plays at an early stage, at low cost and to develop them into potentially high value assets. We are looking forward to exploring them together with PetroFrontier, a small but highly competent company.
courtesy, Shankbone 448px-Statoil_NYSE_listing_2011_Shankbone.jpg
 

Joules MM1

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that's nice......

PetroFrontier Corp. announces successful drilling of its second horizontal well in Southern Georgina Basin, Australia

CALGARY, June 25, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has successfully completed the drilling of its second horizontal well ("MacIntyre-2H") in the Southern Georgina Basin, Northern Territory, Australia. MacIntyre-2H is located in the northeastern part of EP 127, approximately 60 km from the Baldwin-2Hst1 well, which PetroFrontier successfully drilled in late 2011.
MacIntyre-2H reached a total measured depth of 1,916 metres and stayed within the primary target zone, the Lower Arthur Creek "Hot Shale" Formation, for approximately 1,080 metres, recording positive hydrocarbon indications along the entire length of the horizontal section. A multistage open-hole completion string will now be placed in the well before the drilling rig moves on to drill PetroFrontier's third horizontal well, Owen-3. Thereafter, a fracture stimulation program is expected to be carried out at each of Baldwin-2Hst1, MacIntyre-2H and Owen-3H.
Although the drilling results from MacIntyre-2H are encouraging, this well remains a high-risk exploration venture. Readers are cautioned that no reserves have been proven by this well.
 

Joules MM1

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technically, everything looks wrong ......so, i bought more of these at .013's last week.....we are due some results over the next few weeks......if the library cores are anything to go by already, the results should/would/could give a minimum idea if forecasts by Ryder et al have any real susbstance.......
 
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technically, everything looks wrong ......
Ha ha. love it.

Couldn't agree more. I topped up with a couple of mil. about a month ago at 1.4. They are currently progressing the second frac and I think the third will be completed within a couple of weeks. Then flow tests. Because of flow testing in reverse order it is touch and go if our hole gets a go before the wet. However good results from the first 2 would be a major boost/de-risk for us.
 

Joules MM1

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Ha ha. love it.

Couldn't agree more. I topped up with a couple of mil. about a month ago at 1.4. They are currently progressing the second frac and I think the third will be completed within a couple of weeks. Then flow tests. Because of flow testing in reverse order it is touch and go if our hole gets a go before the wet. However good results from the first 2 would be a major boost/de-risk for us.
+1 .....do you have a sister i could out with?......brotherly hugs......:roflmao:
 

Joules MM1

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email today:

CALGARY, Oct. 12, 2012 /CNW/ - (TSXV: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to provide an operational update regarding its current well completion operations in the Southern Georgina Basin, Northern Territory, Australia.
Owen-3H

A successful hydraulic stimulation was performed on the Owen-3H well over ten open-hole stages. PetroFrontier is very encouraged by the low fluid injection pressures and high injection rates evident during the stimulation. Log data and core samples have been obtained and appear positive, confirming the existence of oil in the Lower Arthur Creek and Thorntonia Carbonate Formations.

PetroFrontier is now preparing to conduct an extended flow-test of the Owen-3H well prior to the wet season. PetroFrontier and its joint venture partner (Statoil Australia Oil & Gas AS) are encouraged by these early stage results and look forward to flow-testing this well. This data will be used to guide the 2013 capital program as it supports the potential for oil recovery in PetroFrontier's unconventional acreage.
MacIntyre-2H

A successful hydraulic stimulation was performed on the MacIntyre-2H well over nine open-hole stages. However, after recovering approximately one-third of the hydraulic stimulation fluid, traces of biogenic hydrogen sulfide gas, produced from naturally occurring organisms in the completion fluid, were detected and the well had to be suspended. PetroFrontier is actively sourcing the specialized equipment to allow flow-testing to resume.

Based on the experience at the MacIntyre-2H well, additional treatment of the completion fluid was performed prior to stimulation operations at the Owen-3H and Baldwin-2Hst1 wells to avoid a reoccurrence of this problem.
Baldwin-2Hst1

During the hydraulic stimulation program of the Baldwin-2Hst1 well, a shallow casing failure occurred and as a result, PetroFrontier was unable to complete the program. As expected, the multiple casing design protected the shallow aquifers. PetroFrontier plans to carry out remedial work to repair this well so that the planned hydraulic stimulation program can be completed.

As a result of these unforeseen operational delays at MacIntyre-2H and Baldwin-2Hst1, test results on these wells are not likely until 2013, depending on regulatory approvals, weather and the availability of required equipment and services.

The operations referred to above are "firsts" in the Northern Territory, Australia and are critically important operations for PetroFrontier. PetroFrontier (in conjunction with its partners, Statoil Australia Oil & Gas AS and Baraka Energy & Resources Limited) intends to continue assessing the most efficient and cost effective way to explore and develop its unconventional resource potential in the Southern Georgina Basin.
PFC sample 121012.jpg
 

Joules MM1

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.....

Couldn't agree more. I topped up with a couple of mil. about a month ago ......
seems, inspite of the crush on PFC sp and crunch on BKP's sp, more and more drillers come to the game in the Georgina basin......that's a lot of faith.....i'm guessing youre enjoying todays operational pdf

tick tock tick......
 

Joules MM1

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that clocks slowing down.....lulz......

bought more today at 011's
 

Joules MM1

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so, the words
Laboratory analysis of the Owen-3 core indicated porosities ranging from 1.6% to 6.7% and low permeability, all as expected. This analysis also indicated that the core fluids contained 90% oil and 10% water. Oil was observed dripping from the core which indicated that it is "movable". Furthermore, no water was apparent on the logs in either the Owen-3 pilot hole or the Owen-3H well.
from PFC werent going to be enough for the price to hold

nasty

purchased another parcel at 07's .....the long view just became.....looooooong view....
 

Joules MM1

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todays large buy volume mid morning in a period that wouldnt expect to see such action....something afoot, watson.....

sniff sniff
 
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Duz anyone know when drilling or any sort of action is going to start for baraka
 
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baraka energy

Has anyone heard any news on baraka energy or have any opinions on them,I'm an invester in them and am thinking about buying more shares but would like some more opinions on them because of what's going on with there partners.
 

Joules MM1

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yesterdays morning mail:

PetroFrontier Corp. announces Statoil to fully fund a US$50 million 2013/2014 exploration program in the Southern Georgina Basin

CALGARY, June 11, 2013 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has agreed to amend the existing farmin agreement with Statoil Australia Oil & Gas AS ("Statoil") whereby Statoil has committed to spend the next US$50 million throughout the remainder of 2013 and 2014 to fully fund up to a 385 km 2D seismic program and the drilling and stimulation of four to six vertical test wells (the "Amended Farmin Agreement").

Throughout 2012 and the first half of 2013, PetroFrontier and Statoil jointly spent approximately US$30 million on exploration in the Southern Georgina Basin, thereby gaining valuable geological information. Under the Amended Farmin Agreement, Statoil could spend a total of up to US$175 million by the end of 2016 before PetroFrontier will be required to contribute further. Statoil will also become the operator effective September 1, 2013.

"We have worked with our financial advisor, GMP Securities L.P., over the past five months reviewing various strategic opportunities and feel that we have reached a transaction best representing the interests of our shareholders," said Paul Bennett, President and CEO of PetroFrontier. "We are very pleased that Statoil is clearly interested in the exploration of the Southern Georgina Basin. Its commitment to further explore the basin is a very positive indication of their belief in the prospectivity of the area. In addition, while retaining a significant working interest, we eliminate our US$10 million capital commitment and our need to raise additional financing."

"We believe the Southern Georgina Basin asset to be potentially very prospective and we are happy to assume operatorship for this 14 million acre area. This deal is in line with our exploration strategy where we pursue access early and at scale to de-risk the plays and grow organically through exploration activities. We will continue the good work done by PetroFrontier with the aim of clarifying the prospectivity", said Vice President Vidar Skjæveland in Statoil's onshore exploration unit.

With working capital of approximately $11.3 million at March 31, 2013, no debt and reduced operating expenses going forward, as a result of the Amended Farmin Agreement, PetroFrontier is now positioned for new growth opportunities.

Under the terms of the Amended Farmin Agreement, up to the next US$160 million of exploration costs will be fully funded by Statoil over three phases to the end of 2016, in return for 80% of PetroFrontier's working interest ("WI") in EP 103/EP 104 (100% WI), EP 127/EP 128 (75% WI) and EPA 213/EPA 252 (100% WI) in the Southern Georgina Basin, Northern Territory, Australia (collectively the "Permits").

Phase 1 & 2A (2013 and 2014):
Statoil will spend the next US$50 million on exploration (PetroFrontier - nil) and assume operatorship on September 1, 2013

At the end of Phase 2A, Statoil will have the option to continue to Phase 2B; if Statoil elects not to continue, it must return to PetroFrontier 50% of its former WI in the Permits, such that ownership will then be: Statoil (30%), PetroFrontier (70%)
Phase 2B (2015):
Upon proceeding to Phase 2B, Statoil will spend the next US$30 million on exploration (PetroFrontier - nil)

At the end of Phase 2B, Statoil will have the option to continue to Phase 3; if Statoil elects not to continue to Phase 3, then it must return to PetroFrontier 25% of its former WI in the Permits, such that ownership will then be Statoil (55%), PetroFrontier (45%)
Phase 3 (2016):
Upon proceeding to Phase 3, Statoil will spend the next US$80 million on exploration (PetroFrontier - nil)

At the end of Phase 3, Statoil will own 80% and PetroFrontier will own 20% of PetroFrontier's former WI in the Permits


At the end of Phase 3, Statoil will have completed its funding obligations under the Amended Farmin Agreement and the sharing of future costs between Statoil and PetroFrontier will be based on their then respective ownership interests.

These amendments are subject to satisfaction of certain conditions precedent, including the approval of the Foreign Investment Review Board of Australia and the approval of the TSX Venture Exchange. Upon satisfaction of the conditions precedent (expected to be satisfied on or before July 1, 2013), PetroFrontier's strategic review process announced on December 4, 2012 will have been successfully completed.
 

Joules MM1

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zzzzz

TSX:PFC said:
PetroFrontier Corp. obtains approvals for Amended Farmin Agreement with Statoil

CALGARY, July 19, 2013 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the Foreign Investment Review Board of Australia ("FIRB") has no objection to, and the TSX Venture Exchange ("TSXV") has conditionally approved, the Amended Farmin Agreement between Statoil Australia Theta B.V., a wholly owned subsidiary of Statoil ASA ("Statoil") and PetroFrontier. Subject to final approval of the TSXV upon filing of final documents, these approvals satisfy the last condition precedent of the Amended Farmin Agreement announced on June 11, 2013.

About Statoil

Statoil is an international technology-oriented energy company focused on upstream oil and gas operations and currently produces 2 million barrels of oil equivalents per day. Statoil has high ambitions for international growth and is active in 35 countries around the world. Statoil's shares are listed on both the Oslo Børs ("STL") and the New York Stock Exchange ("STO"). Statoil has a market capitalization of around US$72 billion and has 23,000 employees worldwide.

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. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC". Founded in 2009, PetroFrontier is one of the first companies to undertake exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is based in Calgary, Alberta and its operations office is in Adelaide, South Australia.
so much drilling :eek:
 

Joules MM1

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email

TSX:PFC said:
PetroFrontier Corp. announces seismic program on Southern Georgina Basin, Australia





CALGARY, July 22, 2013 /CNW/ - (TSXV: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that it has begun recording the "AMY" 2D proprietary seismic acquisition program (approximately 385 km in length) on its four exploration permits ("EP"), EP 103, EP 104, EP 127 and EP 128, in the Southern Georgina Basin, Northern Territory, Australia.

This seismic survey, contracted to Terrex Seismic of Australia, will fulfill the Northern Territory government work commitments for permit retention, will delineate the southern and northwest basin margins and help outline prospective hydrocarbon target areas. PetroFrontier and its partners, Statoil Australia Theta B.V., a wholly owned subsidiary of Statoil ASA ("Statoil") and Baraka Energy & Resources Limited, will interpret the data gathered to target conventional hydrocarbons in the Cambrian Thorntonia and other formations and unconventional hydrocarbons in the Lower Cambrian Arthur Creek Formation. The most promising areas will be seismically mapped out and the data will aid in identifying locations for exploration wells to be drilled as part of the 2013/2014 capital exploration program in the Southern Georgina Basin.
 

Joules MM1

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i prob do more drilling in my email account than what's being done in the Georgina.... :(

got some fills in this week at 0.004's talk about loooooooooooooonggggggggg view!



TSX:PFC said:
PetroFrontier Corp. completes seismic program on Southern Georgina Basin permits, Australia and updates corporate activities

CALGARY, Sept. 6, 2013 /CNW/ - (TSXV: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has completed the "AMY" 2D proprietary seismic acquisition program consisting of 304 km on its Southern Georgina Basin exploration permits in the Northern Territory, Australia. Interpretation of the data gathered will be the next step in determining drilling locations for conventional and unconventional exploration wells as part of the 2013/2014 capital exploration program in the Southern Georgina Basin to be announced at a later date.

Corporate Updates

Pursuant to the Amended Farmin Agreement announced on June 11, 2013, Statoil Australia Theta B.V. ("Statoil") has assumed operatorship of PetroFrontier's four exploration permits (EP 103, EP 104, EP 127, EP 128) and exploration permit applications (EPA 213 and EPA 252) effective September 1, 2013. Consequently, PetroFrontier has released all staff in its operations office in Adelaide, Australia and that office is now closed.

With working capital of approximately $9.6 million at June 30, 2013, no debt and no ongoing exploration expenses as a result of the recent Amended Farmin Agreement with Statoil, PetroFrontier is now well positioned to pursue new growth opportunities. The Board of Directors and senior management will now focus on evaluating the best strategy going forward for the benefit of all shareholders.

Annual and Special Meeting of Shareholders

PetroFrontier's Annual and Special Meeting of shareholders will be held Thursday September 26, 2013, at the Main Floor Conference Centre, 715 5th Avenue SW, Calgary Alberta, T2P 2X6, at 10:00 a.m. (Calgary time).

About Statoil

Statoil is an international technology-oriented energy company focused on upstream oil and gas operations and currently produces 2 million barrels of oil equivalents per day. Statoil has high ambitions for international growth and is active in 35 countries around the world. Statoil's shares are listed on both the Oslo Børs ("STL") and the New York Stock Exchange ("STO"). Statoil has a market capitalization of around US$72 billion and has 23,000 employees worldwide.
 
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After selling out around two years ago at just under 3c bkp has never been fully off my radar and it has now come back for me. With things moving very slowly and a few anns due by the end of this year I have started slow accumulation at .004 ~.006

I am taking a long term view with plans to hold for next 3+ years if things are looking positive.

I guess I am posting this as recently I have been getting excited about baraka again after a long break, maybye its so if we ever make multi bagger I can say here is the proof , looking to accumulate around 1 mil shares at sub 1c price which ever comes first.

I still value the Scott Ryder report, things have just been going nowhere since the release with a big spec spike, if the report is correct and management do one day manage to get things going this stock is very undervalued to me.

I held CTP once at 3 times of what it is worth today and see them as a good indicator a sense for what the future might hold for bkp.

I am not aiming at promoting bkp as a next big thing that's about to boom but taking a long term hold and not selling out at 100 200 or 500 % gains. 3 - 10 years time frame is what I am locked in to hold unless things go totally pear shaped.
 

Joules MM1

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nothing moving....crude being hit hard isnt a great back drop and a farm-in being accused of price fixing, but, mostly, there's no sign that anyone has an intheknow buy going on here....

tic toc
 
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