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PetroFrontier updates on exploration activities in Northern Territory


Published Jul 24, 2014
PetroFrontier Corp.

PetroFrontier Corp. says that Statoil Australia Theta B.V. (Statoil), PetroFrontier’s joint venture partner and the operator of the 2014 work program and budget (2014 WP&B) has initially selected two of the wells from the 2014 WP&B for completion and testing.

The OzAlpha-1 and OzBeta-1 wells in Australia's Northern Territory exploration permit (EP) 104 and EP 127, respectively are believed to provide the best opportunities to test the concept of extracting oil from the Lower Arthur Creek and Thorntonia formations. Statoil has developed comprehensive completion and testing programs and has commenced operations on the OzBeta-1 well.

Tags: PetroFrontier Corp.




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