re: yellowbank spud!!! epe running: 37.5c $$$$$ Currently mixed reactions between bulls and bears.. Amazing volume with many big buyers in the hour.
Yellowbank shows potential.
YELLOWBANK CREEK-4 SURAT BASIN, QUEENSLAND
COMMENCEMENT REPORT Enterprise Energy is pleased to advise that the Yellowbank Creek-4 well being drilled in Production Licence 18 (PL-18) of the Surat Basin in the Queensland was spudded at 2 AM on Sunday 24 October.
Depth 195 metres Current Operation Setting surface casing Forward Operation Test BOPs and drill-out casing shoe. Spud Date 24 October 2004 Programmed total depth 1880 metres
This is a development well with the primary target being the Triassic Showground Sandstone. This well is located 400 metres west of Yellowbank Creek-2, which produced oil from the Showground Sanstone.
Interests in this licence at the completion of drilling will be: -
Enterprise Energy NL 85%, reverts to 50% after pay-out Brisbane Petrloem NL 25% after pay-out Delbaere Associates Pty. Ltd 25% after pay-out
Cheers, Ace.
EPE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
