Georgina partners to target Arthur Creek shale

BARAKA Petroleum has signed an amended farm-in agreement with its Georgina Basin partners that allows the company to be free carried for the drilling of a horizontal exploration well through the basal Arthur Creek shale zone.

Under the amended farm-in agreement Australian Energy Corporation will acquire NT Oil's 25% interest in EP 127 and EP 128, taking the company's interest in the two permits to 75%.