eeg is a no brainer for proactive investors, page-100

Significance of Discovery (Good for EEG)


Armour Energy and its independent consultants (MBA Petroleum Consultants) have defined a
mean technically recoverable prospective resource of 18.6 TCF of gas and 2 Billion barrels of
liquids in the Batten Trough under Armour’s granted tenements EPs 171 and 176. This has been
based on defining wet gas or petroleum liquids rich gas windows over the prospective section,
ranging from 200 to 400 metres thick and an area of approximately 300,000 acres.

In 1979 during zinc exploration activities, the narrow diameter Glyde River 9 drill core hole was
drilled on the wet gas window flowed wet gas to surface at approximately 300,000 standard cubic
feet per day from the Coxco dolomite underlying the Barney Creek Shale, at a depth of some 500
metres.

The result to date from the Cow Lagoon 1 hole located 90km to the north of 1979 Glyde River 9
well demonstrates the broad presence of both gas generating shales and dolomites of reservoir
potential in the Batten Trough of the MacArthur Basin on Armour Energy’s 100% owned
tenements. Drill hole tests of the target horizons in Abner Range and Kilgour will, if successful,
lend support to a prospective gas resource across a 300,000 acre area in the prognosed wet gas
zones in the Batten Trough.