EKA eureka energy limited
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Announcement just out in regardsMAIDEN CONTINGENT RESOURCE...

  1. RedMax
    520 Posts.
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    11/05/12
    10:45
    Post #: 10162009

    Announcement just out in regards

    MAIDEN CONTINGENT RESOURCE ESTIMATE FOR AUSTIN CHALK FORMATION

    One point from the announcement

    Independent consultants Netherland Sewell and Associates, Inc (NSAI) have assigned net 2C and 3C
    estimates for the Austin Chalk of 2.130 and 4.276 million barrels of oil equivalent (MMboe)
    respectively.

    I reckon this is the reason that AUT moved so quickly to try to buy us out.

    No sentiment as I own both AUT and EKA. Not sure how I want this to play out as yet. Obviously don't want EKA brought out cheaply, but also don't want AUT to pay to much. Plus I have CGT to consider (EKA less than a year)
    EKA Price at posting: 50.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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