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[BRBa]

PETROFRONTIER CORP BEGINNT Bohrarbeiten im GEORGINA Becken, AUSTRALIA

PetroFrontier Corp hat seinen ersten gut, Baldwin-2, in der südlichen Georgina Becken angebohrt im Northern Territory, Australien.

PetroFrontier begann Bohren Baldwin-2 am Morgen des Mittwoch 3 August, 2011, Australian Central Standard Time.

Baldwin-2 befindet sich im südwestlichen Teil der EP 103 in den südlichen Georgina Becken. PetroFrontier hat eine 100-Prozent-Beteiligung in EP 103 und ist der Betreiber. Das primäre Ziel in Baldwin-2 ist die unkonventionelle Basal Arthur Creek heiße Schiefer, mit konventionellen sekundäre Ziele werden die Hagen Mitglied und Dolomiten Schwarm über der Basal Arthur Creek heiße Schiefer und die Thorntonia direkt unter. Das Management ist überzeugt, dass die Arthur Creek heiße Schiefer möglicherweise analog zu den Bakken spielen in Saskatchewan, Kanada und North Dakota, USA zu finden ist. PetroFrontier hat die bestehenden Bohrlöcher auf dem Land neu bewertet und glaubt, dass die unkonventionellen Basal Arthur Creek heiße Schiefer ist aussichtsreich für Kohlenwasserstoffe über den größten Teil seiner Ländereien. PetroFrontier Hauptstadt für 2011 weiterhin auf Erkundungsbohrungen Möglichkeiten rund um die vorhandenen Bohrlöcher konzentrieren.

PetroFrontier spuds Baldwin-2 well in Australia


2011-08-03 09:37 ET - News Release


Ms. Susan Showers reports

PETROFRONTIER CORP. COMMENCES DRILLING OPERATIONS IN THE GEORGINA BASIN, AUSTRALIA

PetroFrontier Corp. has spudded its first well, Baldwin-2, in the Southern Georgina basin in the Northern Territory, Australia.

PetroFrontier began drilling Baldwin-2 on the morning of Wednesday, Aug. 3, 2011, Australian Central Standard Time.

Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina basin. PetroFrontier has a 100-per-cent working interest in EP 103 and is the operator. The primary target in Baldwin-2 is the unconventional Basal Arthur Creek hot shale, with conventional secondary targets being the Hagen member and Dolomitic shoal above the Basal Arthur Creek hot shale and the Thorntonia located just below. Management believes that the Arthur Creek hot shale is potentially analogous to the Bakken play found in Saskatchewan, Canada, and North Dakota, United States. PetroFrontier has re-evaluated existing wellbores on its lands and believes the unconventional Basal Arthur Creek hot shale is prospective for hydrocarbons over most of its landholdings. PetroFrontier's capital program for 2011 continues to focus on exploratory drilling opportunities around these existing wellbores.

Baldwin-2 will be air drilled vertically to an estimated depth of 900 metres to test the Thorntonia formation for prospective hydrocarbon shows. The well will then be extensively logged, plugged back and deviated horizontally for approximately 1,000 metres into the Basal Arthur Creek shale. This is expected to take approximately three weeks, at which time PetroFrontier will suspend the well temporarily and move to drill the MacIntyre-2 well, located in the northeastern corner of EP 127. Once it is drilled, MacIntyre-2 will be frac'd and completed using multistage open hole techniques. The rig and frac crew will subsequently return to Baldwin-2 to conduct a similar completion program on that well.

According to a report prepared by Ryder Scott Company Canada (independent oil and natural gas reservoir engineers), dated Nov. 1, 2010, the unrisked, undiscovered, prospective (recoverable) resource, based on a best (P50) scenario, for the unconventional Basal Arthur Creek shale zone in EP 103 and EP 127, may contain approximately 13.2 billion barrels and 2.7 billion barrels (gross) of oil respectively.

The Ryder Scott resource report on the resource potential of the Southern Georgina basin describes the prospective (recoverable) portion of undiscovered resources, as defined by the Canadian Oil and Gas Evaluation Handbook and does not represent an estimate of reserves. The Ryder Scott resource report is compliant with National Instrument 51-101 "standards of disclosure for oil and gas activities. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are presented as unrisked prospective oil resources. The term unrisked means that no geological risk (play risk) has been incorporated in the hydrocarbon volume estimates.

Additional information on the prospective resources can be found at SEDAR, in the information circular dated Dec. 1, 2010, filed under the profile of Pendulum Capital Corp.

PetroFrontier has engaged Majors Drilling Pty. Ltd., an independent drilling contractor, to provide drilling and support services for the wells to be drilled in EP 103, EP 104 and EP 127.

Unless a material event occurs in the interim, PetroFrontier expects to issue its next drilling update report once Baldwin-2 has completed its horizontal leg and the rig is being mobilized to the MacIntyre-2 well site.

We seek Safe Harbor.

mehr zur Aktie hier:http://www.wallstreet-online.de/diskussion/1167341-71-80/pet…
http://www.wallstreet-online.de/diskussion/1167623-1-10/char…

Gruß BRBa

[BRBa]

Antwort auf Beitrag Nr.: 41.886.926 von BRBa am 03.08.11 17:46:38

Der Chart ist einfach geil

[Popeye82]

Antwort auf Beitrag Nr.: 41.886.926 von BRBa am 03.08.11 17:46:38

Muss ich es verstehen, dass das jetzt schon Dein 3. Thread zu PCF.V ist(den hier musst Du noch verlinken, sonst geht er noch ganz unter )??

Gruß
P.

[BRBa]

Antwort auf Beitrag Nr.: 41.888.051 von Popeye82 am 03.08.11 20:52:25

Nein werde ich nicht machen !! ist für mich nur ein Info-Tages-Thread da viele User so wie Du nicht jede Aktie auf der Watch haben und dadurch nicht jede Wichtige News gleich lesen !! Sei einfach froh das ich Euch mit diesen Info´s fütter

Gruß BRBa

[Popeye82]

Antwort auf Beitrag Nr.: 41.888.095 von BRBa am 03.08.11 21:04:36

OK -in etwa as expected.

Gruß
P.