EKA 0.00% 45.0¢ eureka energy limited

georesources well results in fayette county, page-37

  1. 279 Posts.
    There are a lot of people willing to pay more than 45c. Looks like they are counting on AUT to up their offer.
    If you remember the same thing happened when AWE took over ADI. ADI was one of the parties with a 20% share like AUT.
    If my memory is right 20% was ADI, 20% was AUT and 12.5% was EKA. Although AUT also had other holdings that they owned 100% in the same area. This was before all the farmout/sharing of resources in return for drilling.
    Anyway to me it looks like people are prepared to bet on the fact that AUT will have to up their offer.
 
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