extract below of an announcement made by AJQ i would think that this is a positive for EEG
Armour Energy Limited
13 November 2013
Well Update – Lamont Pass 3, Northern Territory
Oil Bearing Barney Creek Shale Intersected Over 500 Metres
HIGHLIGHTS
? Well has penetrated a continuous section of oil-bearing Barney Creek Shale source rock.
? Oil bearing Barney Creek Shale intersected from 260 metres to 780 metres.
? Results indicate oil window exists to a depth of 780 meters which is deeper than previously
assessed.
The Directors of Armour Energy are pleased to provide the following update on the Lamont Pass 3
vertical exploration well being drilled in the Company’s 100% owned EP 190 in the Northern
Territory. The well is the second site testing for hydrocarbon accumulations located in the Glyde
Sub-basin of the McArthur Basin in 2013. Lamont Pass 3 is located 50km south of the Myrtle Sub-
basin and is 25km north of the Glyde 1 (ST1) gas discovery made by Armour Energy in 2012, which
flowed up to 3.3 mmcfd (Figure 2). The well is at a depth of 922 metres progressing towards a
planned total depth of approximately 1,200 metres.
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