mentioned this back when the announcement came out last month that completion works were happening at EOK North.
of the 3 wells drilled at EOK North, Steinhoff#1-2 intersected 65 feet, the closest to the 63 feet mentioned in the recent announcement, we got no correction so either they have listed the wrong well and still dont realise it or the original intersection at Posey#1-17 was bigger than the 27 feet of shale announced.
either way, it appears as if the thickest intersection of shale is being used for the reserve upgrade, sounds good to me. and you are definitely right, testing to the edge of our boundary could have been a forward planning stroke of genius for the exact purpose of estimating reserve sizes.
Nazzy, not prejudice, they can get all sites moving along once infrastructure is in place, quite partial to EOK Central myself, very shallow drilling.
RFE Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held