hi to all expectant holders, i cant wait
had a few drinks on the weekend, vowed to be more patient and now we are in a trading halt.
now i can go back to our obvious positives instead of worrying about no releases.
guys, now we may have discussed this in the past, but as of 2009 upgrade all EOK sites accounted for
1P- nothing
2P- 1.4BCF
3P- 23.6 BCF
ummm, we are going to blow those figures away.
additional acreage with 20 wells already been reworked and producing plus the next 20 must be real close, EOK central now has 13 wells drilled and ready for production plus EOK North that wasnt even drilled this time last year.
throw in more producing wells at West Tulsa and recent wells suggesting the field is larger than initially thought plus additional sands to test.
in the annual report to shareholders on 30/10/09, it mentions only 6 wells completed, each well with an approximate 2P reserve of .3bcf per well, which almost ties up with the 1.4bcf 2P reserves in the previous upgrade.
if all wells drilled at all EOK sites are included this time, this would put EOK 2P reserves at 16.8BCF alone, although the EOK South wells will be in the 1P reserves, i think the 385% increase figure overall,especially in 1 and 2P reserves is a very realistic figure, hence why we may be in a trading halt. hopefully will be a case of
" have a look at this market"
GO RFE
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