load and pump capacity compared to the previous rig, which
should notably improve tripping times and reduce overall
costs.
Rig #918 will commence drilling the horizontal section of
PetroFrontier's MacIntyre-2H well (in EP 127) following
release from its current operations and its mobilization to
the well site, expected to be in mid to late March 2012.
PetroFrontier plans to then drill a high angle pilot hole and
horizontal leg of PetroFrontier's Owen-3 well (in EP 104)
immediately thereafter. However, these target dates are
dependent upon completion of Rig #918's current drilling
operations and the end of the wet season in the areas of
MacIntyre-2 and Owen-3.
PetroFrontier is currently negotiating to secure a service
rig to support its upcoming completion and stimulation
operations at MacIntyre-2H, Baldwin-2Hst1 (in EP 103) and
Owen-3H. Completion operations are expected to commence in
April 2012. MacIntyre-
2H, Baldwin-2Hst1 and Owen-3H will be frac'd, flowed and
completed in that order.
PetroFrontier is an international oil and gas company engaged
in the exploration, acquisition and development of both
conventional and unconventional petroleum assets in the
Southern Georgina Basin in the Northern Territory, Australia,
where it has an approximate 85.5% working interest in 13.6
million gross acres in four exploration permits.
PetroFrontier's head office is in Calgary, Alberta and
operations office is in Adelaide, South Australia.
PetroFrontier's common shares are listed on the TSX Venture
Exchange under the
symbol "PFC".
For further information contact:
Susan Showers, Manager, Investor Relations
PetroFrontier Corp.
Suite 320, 715 5 Ave. SW, Calgary, Alberta, Canada T2P
2X6
Telephone: (403) 718-0366
Toll Free: (877) 822-7280
Fax: (403) 718-3888
Email: info@petrofrontier.com
Website: www.petrofrontier.com
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