Talk about being kept up to date!! -----------------------------------
Eastern Bush-1 Progress Report At 1600 hrs on 11 May 2007 the Eastern Bush-1 exploration well was at a depth of 1,605 metres and drilling ahead in the Beaumont Formation. Although wireline log information is not available, a field top for the Beaumont Formation has been picked at a depth of 1,320 metres, approximately 70 metres low to prognosis. No significant hydrocarbon shows have been encountered in the section to date. The Joint Venture is currently evaluating the field information from the well pending a decision to run wireline logs. Participants in the well are as follows: L&M Petroleum Limited (Operator) 50% Mighty River Power Limited 50%
LMP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
