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 appoointed 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 comtinue to be the primary focus.

GEORGINA BASIN

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.

The Georgina basin is a region of proven oil potential and represents one of the few remaining virtually unexplored, hydrocarbon, and onshore sedimentary basins in the world. “The southern Georgina Basin, onshore Australia, hosts high quality source beds and potential conventional and unconventional reservoir rocks. We believe that this basin is one of the most prospective onshore basins in Australia with potential for both very large conventional and unconventional oil and gas deposits. The Basin covers more than 100,000 square kilometers (24.7 million acres) in the NT and western part of Queensland. Baraka’s two Exploration Permits are situated over what is believed to be a prospective part of the basin” (Source: Ryder Scott). It is a sparsely explored green field area which makes up part of the Centralian Superbasin, comprising the Amadeus, Georgina and Wiso sub-basins. During the Cambrian era, the Central Australian plate was on the subtropical waters on the fringes of the Rodinia supercontinent. In this period, the organic-rich Arthur Creek black marine shales were deposited, particularly in the Dulcie and Toko troughs. Similar Cambrian marine shales are the source rocks in the extremely productive fields of East Siberia, Oman and the Tarim Basin in China. Above the Arthur Creek shales are the Thorntonia and Hagen Formations, both of which have been shown by previous drilling to show good reservoir properties and anhydrite seals. The Georgina Basin therefore has all the attributes of a productive hydrocarbon province. This prospectivity has been enhanced by oil shows in a number of wells, and gas flows to surface in the Ethabuka-1 and the Discovery Creek water bore.

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OTHER PROJECTS

Baraka is always looking to acquire interests in new projects that can create value for its shareholders through the investment of the Company’s capital. Baraka has already been presented with a number of new investment opportunities in the oil and gas sector. If you have a project or opportunity that you think may be of interest to Baraka, please contact the Baraka team on +61 8 6436 2350 or email us at info@barakaenergy.com.au.

BARRY MACKINNON
Non-Executive Chairman
Mr Mackinnon has a Bachelor of Economics, is a Fellow of the Australian Society of Certified Practicing Accountants and is currently the Chairman of Cervantes Corporation Limited. Mr Mackinnon has a wide range of experience in corporate finance and business management.

COLLIN VOST
Managing Director
Mr. Vost is currently the Chairman of JV Global Ltd, Managing Director of Cervantes and Zurich Securities Pty Ltd. Mr Vost has been involved in public companies for the past 20 years and has served on the Board of several companies as well as being involved in the securities dealing business since 2001.

JUSTIN VOST
Non-Executive Director
Mr. Vost has a Diploma in Financial Markets and is currently involved in the Capital Markets. Mr Vost also has experience in Mining, Manufacturing and Business Management within Australia & overseas. Mr. Vost is also a Non-Executive Director of JV Global Ltd.

PATRICK O'NEILL
Company Secretary
Mr. O'Neill is Company Secretary to a number of listed companies and is a partner in Jackson Greeve, Certified Practicing Accountants & Business Advisors. Mr. O'Neill holds a Bachelor of Business Degree & is a qualified CPA.

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