rain, page-12

Hi Hitnmiss,


I would rather take notice of last announcement than someone's non documented personal opinion.

IMO, if PFC got it wrong in determining if and when they should pack up and leave, ...... " Management is concerned that in such event, the drilling rig would be stranded for up to four months, at a heavy standby cost to PetroFrontier."

From last BKP announcement, 22/11/11;

"Due to increasing rains and a continued heavy rain forecast in the Northern Territory of Australia, Baraka and PetroFrontier have jointly made the decision to suspend operations; this will defer the completion of the horizontal portion and the frac’ing of the MacIntyre-2 well until after the wet season, early 2012.
Furthermore, Baraka has also consented to extend the timeframe in which PetroFrontier can complete their obligations to earn their 50% equity in EP-127 and EP-128.
Access to the MacIntyre-2 well site is via 300 kilometres of rough graded dirt roads that could quickly turn impassable in the event of a heavy rain.
In addition, the Northern Territory government frequently closes the Sandover and Plenty Highways that PetroFrontier uses for access during heavy rains to preserve the road infrastructure.
Management is concerned that in such event, the drilling rig would be stranded for up to four months, at a heavy standby cost to PetroFrontier."


RAVI