"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.
EGO Price at posting:
48.5¢ Sentiment: Hold Disclosure: Held