will trade back up, page-4

The next 6-12 months will be extremely interesting for EKA.

EKA has planned to spud a 9-10% interest in the Pan de Azucar well in the Fayette county.

The company paid roughly the equivalent of $1.1 million for it's entire Fayette acreage holding, and will be coughing up something like $800,000 for this well.

When you consider that the Market Cap is $80-85 million the downside isn't that large, but the upside certainly is.

Hopefully we will get a production update tomorrow, I think our chances are pretty decent of this happening.