Drilling Operations Recommence at “Macintyre-2” Well

Baraka Energy and Resources Ltd’s (ASX:BKP) (Frankfurt Exchange RBD:GR) (“Baraka” or “the Company”), is pleased to announce along with its joint venture partner, Petrofrontier Corp (“Petrofrontier”), the first phase of the two phase 2012 capital program is underway. The Ensign rig has arrived at the Macintyre-2 well site and is being prepared to kick off the horizontal leg in the Basal Arthur Creek “Hot Shale” for an initial 500 metres, up to 1000 metres dependant on the ease of drilling. The drilling is expected to take approximately two weeks. Once the drilling is completed,Petrofrontier will have earned a 75% working interest and operatorship in permits EP127 and EP128, whilst Baraka retains the remaining 25% working interest in each of the permits.

After drilling Macintyre-2H, the Ensign rig will relocate approximately 300 km to the eastern border of EP 104 to drill a high angle pilot hole at the third location, Owen-3 in EP 104 (PFC 100% working interest) and if Petrofrontier considers conditions to be favourable, a subsequent horizontal section at that same location. Mobilization of Ensign Rig to the Owen-3 well site is anticipated to take one week, with the expected drilling timeline for the vertical and horizontal sections at Owen-3H being approximately four weeks.

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