OPERATIONS UPDATE: SUGARLOAF AMI (EKA 6.25% Working Interest)
May #1H (Final depth 17,550 ft) Fracture stimulation of the May #1H horizontal well commenced on 21st October 2010. 16 fracture stimulation stages are planned along approximately 5,000 ft of the well�s horizontal section. Eureka will provide an update to the market once the well has cleaned up and a stable flow has been achieved. Direct Assets #1H (Final depth 17,600 ft) The Direct Assets #1H well has been drilled to its final depth and casing has been run and cemented to secure approximately 5,000 ft of horizontal section for fracture stimulation in due course. ASX participants in the Sugarloaf AMI are: Eureka (ASX:EKA) � 6.25% (post farmout) Aurora (ASX:AUT) � 10% (post farmout) AWE (ASX:AWE) � 10% (post farmout)
EKA Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
