BARAKA ENERGY & RESOURCES LTD - ASX: BKP

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Description

Baraka is an Australian ASX listed company (ASX:BKP) focused on identifying, exploring and developing Energy & Resource assets within Australia and globally.

Previously, Baraka had a major focus on Oil & Gas in Mauritania, however in 2009 a new board was appointed who then recapitalised the company and shifted closer to home with an interest in the Georgina Basin, Northern Territory.

Recently, Baraka has changed its name to Baraka Energy & Resources Limited to indicate a broader focus on global investments into energy & resource projects to diversify risk. The global demand for energy will not fade with a rapidly increasing & diverse population, which is why energy projects will continue to be the primary focus. With this in mind, Baraka will continue to actively seek out new projects that can create value for its shareholders.

GEORGINA BASIN, NORTHERN TERRITORY

Baraka, with its Canadian Joint Venture Partner, has a carried undivided 25% working interest up to completion of a minimum of 500 meters of horizontal drilling into the Basel Arthur Creek Shale on either EP 127 or EP 128. This zone commences at a depth of approximately 770 meters vertical depth on EP 127. Baraka also retains an undivided 75% working interest in approximately 75kms² around the Elkedra-7 well on EP 127, where previous drilling has indicated oil shows.

Mine For

oil, gas

Location of operation(s)

Northern Territory

Australian Basins

Georgina

Address

Shop 12, South Perth Piazza, 85 South Perth Esplanade
SOUTH PERTH, WA, AUSTRALIA

Phone

(61 8) 6436 2350

Email

Website

http://www.barakapetroleum.com

Last Updated

12/5/2011