its true

its true by the looks of it Nesbit #5 well has encountered approximately 800 feet of potentially oil bearing section in the Saugus Formation, the net hydrocarbon column is approximately 280 feet.
�� Wireline logs indicate that the Saugus Formation is hydrocarbon bearing, however further evaluation of the data and production testing is required to determine the size and commercial significance of this discovery.
�� Sunset Energy has secured an 18.5% interest in a further 200 acres (limited down to the depth of the Saugus Formation) which adjoins the Nesbitt Lease.
Sunset Energy