AMU amadeus energy limited

more drill success = more profit & reserves, page-4

  1. 10 Posts.
    Hi Brunete2

    Why would ppl be selling it ?

    Wilson #24 successful oil well, Raccoon Bend, Texas
    The Directors of Amadeus Energy Limited have been advised by their operator, TNT Engineering Inc,
    that the Wilson #24 well has reached target depth as at Wednesday 27 October 2004 (T exas time).
    Preliminary analysis has shown five separate pay zones, totalling 68 feet of net pay with extremely
    good porosity and permeability, which should be indicative of large reserves. No oil water contact
    was found in any of the five horizons which would further enhance the reserve potential.
    Amadeus has a 60.5% working interest in the Raccoon Bend prospect.

    Shouldn't us be shortly receiving results from Wilson #24 this week ? Also results from Rash Barrett #5 should be this week ?
    maybe the sellers know something ?

    cheers,
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.