Ann: Quarterly Activity and Cash Flow Report Q4-18, page-27

Powder River Basin, Wyoming
Work is progressing on selecting the initial well locations within Eon’s 15,000 acres of Powder River Basin leases. This basin has a long history of oil production from multi-stacked pay zones.
The Company is targeting conventional oil formations including the Dakota and Minnelusa, with low cost vertical wells that have more favorable technical risk, and which provide long term, low decline production.

Success from drilling wells in this new acreage will be company changing, with further details to be advised to shareholders on completion of initial technical studies in February 2019.A range of funding options for this program are also being considered including introducing JV partners.

Results from ITS in Feb will be far more important than the previous qrt"s revenue imo..