PetroFrontier Corp. (CVE:PFC) updates its shareholders and other interested parties regarding its proposed drilling operations.
PetroFrontier Corp. (TSXV:PFC) updates its shareholders and other interested parties regarding its proposed drilling operations.
The press release is quoted as saying:
PetroFrontier and a co-owner each own a 50% working interest in EP 103 and EP 104 (comprising approximately 5.71 million gross acres), Northern Territory, Australia. PetroFrontier and the co-owner are also parties to a joint operating agreement (“JOA”) governing their operations in EP 103 and EP 104, under which PetroFrontier is the operator. The first well to be drilled by PetroFrontier will be the first horizontal well (“Baldwin-2″) on EP 103 to be drilled as a part of the 20 Well Program. Baldwin-2 will be a twin to the existing “Baldwin-1″ well. Baldwin-1 will be the pilot hole for the horizontal leg of Baldwin-2 into the Basal Arthur Creek shale zone.