from the bkp announcemen... looks like its def going to have to...

from the bkp announcemen... looks like its def going to have to wait till after the wet season..

Operational Update for the Southern Georgina Basin Drilling program
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.
PetroFrontier is in the process of completing the Ross Infill 2D seismic survey over the northern portion of EP 103 and expects it to be completed on time and within budget. The crew is currently recording the final line of the survey adjacent to the Sandover Highway as it leaves the area. The 378 kilometre survey was required to delineate drilling targets in the area. Additional seismic acquisition is also planned in EP 104 and Baraka’s EP 128 after the wet season in 2012.
Baraka has a carried undivided 25% working interest up to completion of a minimum of 500 meters of horizontal drilling into the Basel Arthur Creek Shale on either EP 127 or EP 128. This zone commences at a depth of approximately 770 meters vertical depth on EP 127. Baraka also retains an undivided 75% working interest in approximately 75kms2 around the Elkedra-7 well on EP 127, where previous drilling has indicated oil shows.