rig mobilization

PetroFrontier Corp. Confirms Rig Mobilization for Georgina Basin Drilling Program in Northern Territory, Australia
7/6/2011
9:18:34 AM - Market Wire

CALGARY, ALBERTA, Jul 06, 2011 (MARKETWIRE via COMTEX News Network) --

(TSX VENTURE:PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that Major Drilling Pty. Ltd. ("Major Drilling") has begun mobilizing its Schramm TXD200 rig from Brisbane, Queensland to the Southern Georgina Basin in the Northern Territory, Australia.

Drilling Program Update

The rig will mobilize approximately 3,000 kilometres and is expected to arrive at the Baldwin-2 well site in approximately one week. Once the rig arrives on location and is rigged up, it will be subject to a final government audit prior to spud. PetroFrontier will provide a further update once a spud date has been confirmed.

Baldwin-2 is located in the southern part of EP 103 in the Southern Georgina Basin. Its primary target is the Basil Arthur Creek "hot" shale with a secondary target being the Hagen Member above the hot shale. Management believes that the Arthur Creek is analogous to the Bakken play found in Saskatchewan, Canada and North Dakota, USA. PetroFrontier has identified 13 older unconventional wells within the Arthur Creek "hot" shale zone on its lands.

PetroFrontier has a 100% working interest in EP 103 and is the operator.

After completion of drilling the Baldwin-2 well, the rig will then move to the MacIntyre-2 well site located in the northeastern corner of EP 127. MacIntyre-2 will be frac'd and completed immediately after it is drilled and then the rig and frac crew will return to Baldwin-2 to conduct frac'ing and completion operations on that well.