ASX ANNOUNCEMENT 29 MARCH 2010
DRILLING UPDATE FOR PARADOX BASIN # 3 ON THE GOLDEN EAGLE GAS FIELD, UTAH.
CURRENT OPERATION: DRILLING AHEAD AT 11,565
KEY POINTS:
h Paradox Basin #3 has encountered further gas shows
h Gas Show 4 of 270 Units is present over the interval 11,367 to 11,378
h The well is currently at 11,565 and Paradox Basin #3 is expected to reach 12,000 tomorrow
h The well continues to show high operational gas levels reaching 1453 units during reaming, and 1823 units whist running a junk basket
h Logging is expected to commence on Wednesday
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