rabid dog. Does this sound like a company you can...

rabid dog. Does this sound like a company you can trust?

Enterprise Energy finds Surat Basin oil discovery
04-11-04 Enterprise Energy managing director Warren Leslie declared the Yellowbank Creek-4 well oil discovery in Queensland's Surat Basin a future oil producer after a second successful drill stem test.
"We expect the well to be brought on line quickly and to contribute to cash flow by the end of December, due to the availability of existing infrastructure associated with previous discoveries in the Yellowbank Creek field," Mr Leslie said.

"This will be our first oil production and follows our maiden gas exploration success with the Smegsy-1 wildcat well, which made a commercial discovery in the Cooper Basin in July.”
"Importantly, Enterprise Energy will receive 85 % of the net revenue from the oil well, resulting in the quick recovery of drilling costs."

The Yellowbank Creek oil field has estimated oil reserves of 5.2 mm barrels. Mr Leslie would not speculate on the dollar value of the find, saying there were many variables.
The company is also continuing to test its Nulla Nulla-1 well inthe Cooper Basin in southwest Queensland, in which it has a 41.7 % share.