Baraka Energy and Resources announced that the drilling of the MacIntyre-2H well has been successfully completed in the Southern Georgina Basin, Northern Territory, Australia.
MacIntyre-2H reached a total measured depth of 1,916 metres and stayed within the primary target zone, the Lower Arthur Creek "Hot Shale" Formation, for approximately 1,080 metres, recording positive hydrocarbon indications along the entire length of the horizontal section. A multistage open-hole completion string will now be placed in the well before the drilling rig moves on to drill PetroFrontier's horizontal well, Owen-3. Thereafter, a fracture simiulation program is expected to be carried out at each of Baldwin-2Hst1, MacIntyre-2H and Owen-3H.
Although the drilling results from MacIntyre-2H are encouraging, this well remains a high-risk exploration venture.
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