potential 40 bagger

Well worth reading Aurora Oil and Gas, Annual General report.
They give Sugarloaf a huge rap.

http://www.auroraoag.com.au/docs/AUTAnnualReport2005.pdf

EKA has 12.5% of sugarloaf and a market cap of $7M

They are drilling now, the share price has hardly moved.

First 100BCF Target in 3-4 weeks
800-5000BCF Target late october early november.

From Aurora Oil and Gas Annual Report.

"The geological structure at Surgarloaf is clearly defined on seismic data, and the presence of source rock and seal is considered to be low risk"