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trader11 - Fri, 29 Dec 06 :

Since spudding the well early in the year total depth was reached at 4,219
metres. Wireline evaluations of the targeted Gatchell sands indicated oils
saturation over a 21 metre interval from 4,143 meters to 4,164 metres with
interpreted net oil pay of 13.4 metres. In the opinion of the operator, the
wireline log character was similar to that seen in the Gatchell oil sands that
produced oil at Mary Bellochi-1, 366 metres to the southeast of the Eagle
North-1 well, which have produced at rates up to 223 barrels of oil and 0.7
million cubic feet of gas per day.


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