re: question for wombat79 from EKA's fourth quarterly:
The Cretaceous limestones at shallower depths are an important
secondary target. A recent gas-condensate discovery by competitors has
been made in one of these shallower limestones within a few kilometers of
the Sugarloaf well location. Seismic and nearby old well data suggests
that the discovery is likely to extend into Eureka’s ground. Note that
Eureka holds 100% of the deep lease rights below the Sligo Formation and
holds lease rights to targets shallower than the Sligo Formation over
approximately 30% of the prospect area. The first well is to be drilled in
an area where Eureka holds rights to all depths
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