Drilling programme appears to be going well for EEG.
Latest oil well should hit the pay zone this coming Friday, as per the latest EEG Company report:
"The 7th well of a 10 well program, the Driscoll #31-8, was spudded on Thursday 22, September 2011. Drilling is expected to take around a week."
EEG is selling at bargain rates at present, with all the panic and nervousness in the major sharemarkets of the world. The German Parliament meeting this Thursday, to sort out the Greek debt crisis, will be interesting.
A positive decision, could likely lead to a staunching of the current market blood letting ...and allow EEG to rise again to sensible SP levels.
Good time to top up the EEG portfolio.
Ann: Drilling Update , page-2
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| Last trade - 10.54am 05/07/2024 (20 minute delay) ? |
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