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Log data and core samples from the Owen-3H well in Australia confirm the presence of oil in the Lower Arthur Creek and Thorntonia Carbonate formations, according to a news release.
The well is located in the Southern Georgina basin, Northern Territory, Australia.
PetroFrontier Corp. is now preparing to conduct an extended flow test of the well prior to the wet season, the release said. This data will be used to guide the 2013 capital program as it supports the potential for oil recovery in PetroFrontier's unconventional acreage.
During the hydraulic stimulation program of the Baldwin-2Hst1 well, a shallow casing failure occurred and as a result, PetroFrontier was unable to complete the program, according to the release. The multiple casing design protected the shallow aquifers. PetroFrontier plans to carry out remedial work to repair this well so that the planned hydraulic stimulation program can be completed.
As a result of these unforeseen operational delays at MacIntyre-2H and Baldwin-2Hst1, test results on these wells are not likely until 2013, depending on regulatory approvals, weather, and the availability of required equipment and services, the release said.
PetroFrontier, in conjunction with its partners, Statoil Australia Oil & Gas and Baraka Energy & Resources Ltd., intends to continue assessing the most efficient and cost effective way to explore and develop its unconventional resource potential in the Southern Georgina basin.
Baraka's view on the Owen-3H results are that it is excellent for Baraka as it is located just a short distance directly north of EP127's southeastern boundary where BKP holds a undivided 25% working interest, the release said. That means Baraka can place a lot of weight on the EP127 southeastern area displaying similar or identical results if and when any drilling programs in that area are embarked on in the future.