ann out more of the same

Taken from Eureka.

Eureka Energy Limited (ASX:EKA, “Eureka”
or “Company”)
SUGARLOAF PROJECT UPDATE
Kennedy #1H
Eureka advises that at 6am Texas time on 6 November the Kennedy-1 exploration
well was pulling out of hole at a depth of 15,940 feet (4,860 metres) to replace the
measure while drilling tool. The planned measured depth of this well is 17,570 feet.
Background gas levels whilst drilling in the Austin Chalk upper target zone remain in
the range of 40 to 300 units; the commercial significance of which will not be known
until testing operations are completed.
Sugarloaf-1 Well
The well bore continues to be prepared for the acquisition of post frac logs. The
forward program and timing in relation to testing the other remaining Austin Chalk
zones in this well will be made pending a full assessment of the logs and flow test
results.
Eureka, through its wholly owned US subsidiary Hosston Oil & Gas, LP, has a
12.5 % interest in the Sugarloaf Project which includes the Sugarloaf-1 and
Kennedy #1H wells.
Yours faithfully
EUREKA ENERGY LIMITED
Alex Neuling
DIRECTOR / SECRETARY