PetroFrontier Corp. reported that its wholly-owned subsidiary, PetroFrontier (Australia) Pty Ltd. has completed the earning of a 50 percent working interest in EP 127 and EP 128 (Northern Territory, Australia) pursuant to its previously announced farm-in agreement with Baraka Energy & Resources Limited (formerly Baraka Petroleum Limited). This earning will increase PetroFrontier's working interest in EP 127 and EP 128 to 75% from 25% in 7.9 million gross undeveloped exploratory acres (5.9 million net).

PetroFrontier is currently drilling the farm-in well (MacIntyre-2H) on EP 127, which has now exceeded a horizontal length of 1,644 feet (501 meters), the minimum farm-in commitment. PetroFrontier intends to continue drilling to a total horizontal length of approximately 3,281 feet (1,000 meters).

Tags: PetroFrontier Corp.