EPG european gas limited

"In late November 2006, the well intercepted a severley...

  1. 109 Posts.
    "In late November 2006, the well intercepted a severley fractured zone below 970 metres resulting in total mud loss and water invasion. To date the company continues to address the problems of mud loss and water management through a comprehensive cementing program.

    Currently the well is at 1073 metres and drilling through a sequence comprising carbonaceous claystones with interbedded sandstones and coal."

    So we're now 100m below where the problems started, looking good.
    I especially like the sound of:

    "Subject to rig availabity and casing delivery schedules, production test drilling is planned to commence in mid 2007..."
 
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Currently unlisted public company.

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