Baraka Petroleum (BKP)

Shares / Stock Code

BKP

Stock Exchange / Sharemarket

Australian Securities Exchange

Baraka Petroleum (ASX Code: BKP) also known as “Baraka” is an oil and gas production and exploration Company with its oil and gas exploration activities currently centered on its blocks EP 127 and EP 128 located in the Georgina Basin in the Northern Territory. BKP listed on the Australian Stock Exchange (ASX) on 25th May, 2005.

Baraka’s objective is to maximise shareholders wealth through identification, exploration and development of prospective oil and gas assets that can generate suitable returns for shareholders. The Company’s EP 127 and EP 128 blocks consist of two granted exploration permits with a total area of 7.5 million acres. The permits are situated in the south-central part of the Northern Territory, to the south-east of Tennant Creek and the north-east of Alice Springs. BKP entered into agreements with Northern Territory Oil Limited (“NT Oil”) to earn 75% of EP 127 and EP 128 on 22nd May 2009. According to the terms of the farmin agreements, BKP will be responsible for operating the joint venture over each of EP 27 and EP 128 and it has option to earn 75% of the permits by bearing all exploration expenses on the permits in accordance with the terms of grant up to completion of an exploration well.

In addition to the several new investment opportunities in the oil and gas industry that has already been presented to Baraka Petroleum, the Company is also focusing on acquiring interests in new projects that can create wealth for its shareholders through the investment of the BKP’s capital.

Baraka Petroleum History

Incorporated in Western Australia on 11th of February 2005, the Company floated on the Australian Stock Exchange in May 2005.

Baraka Petroleum (BKP) Products and Services

  • Oil and gas exploration and production

Baraka Petroleum Competitors

  • Roc Oil Company
  • Hardman Resources Limited

Baraka Petroleum (BKP) Locations and Subsidiaries

Baraka Petroleum Head Office
Suite 1, Ground Floor, 23 Richardson Street
South Perth, WA, Australia, 6000
Phone: (08) 9486 7001
Fax: (08) 9486 7002
Email: info@barakapetroleum.com

Baraka Petroleum Subsidiaries

Baraka Petroleum Holdings Limited
Baraka Mauritanian Ventures Limited
Baraka Mail Operations Limited
Baraka Morocco Ventures Limited
Baraka Colombia Operations Limited
Baraka Mali Ventures SARL
West African Energy & Minerals Pty Ltd
Baraka Minerals Pty Ltd

Other Baraka Petroleum Details

Baraka Petroleum Year Established: 2005
ACN: 112893491
ABN: 80 112 893 491

Baraka Petroleum (BKP) Share Price

Submitted by ASX Listed Company on 11 August, 2009 - 22:35

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!