EGO 0.00% 12.0¢ empire oil & gas nl

Ann: Red Gully North-1 Discovery Delivers 53m Gas Pay, page-113

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    "Empire Oil and Gas CEO Ken Aitken said the amount of gas pay logged in the RGN-1 exceeded Empire’s pre-drill expectations." 29th Dec 2015 Announcement

    Expectations pre-drill
    Upper Cattamarra D Sands............37m pay zone
    Lower Cattamarra Sands...............10m pay zone
    Reference RISC Report Nov 2014 (p19)

    Post Drill Findings
    Upper Cattamarra C&D Sands.......53m pay zone
    Lower Cattamarra Sands................Thin

    Porosities in the RISC Report were 10% at P50 (50% probability).Same as post drill finding.
    Now for a revised resource estimate (see presentations) and flow/pressure test coming to you this year.
 
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