"Vermilion Blocks 341 and 342 (VR 341/342) ? The VR 341/342 Oil Project in the Gulf of Mexico has been significantly progressed; with the first oil appraisal well (of a previous oil intersection) expected to spud in May 2011. The project has gross 3P potential independently evaluated at circa 7.5 MMBO and 9.5 BCFG. Entek has 50% working interest in these blocks which are operated by Peregrine."
Not long now :-)
ETE Price at posting:
17.2¢ Sentiment: None Disclosure: Held
