Drilling activity has been increasing in fayette county which is significantly de-risking this land -
PEEBLES #1H - 30 day Av rate - 436 Boepd BLACK JACK SPRINGS #1H - 30 day Av rate - 369 Boepd ARNIM #1H & 2H - 30 day Av rate - 636 Boepd FLATONIA EAST #1H & 2H - 30 day Av rate - 428 Boepd NEWTONVILLE #1H - 30 day Av rate - 566 Boepd
Also Fayette county is located within the giddings field which is prospective for the austin chalk, a recently completed well located near EKA's land in the fayette county had a 30 day AV flow rate of 326 Boepd (%93 oil) (Tilicek 1H)
EKA Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held