SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Gold/Mining/Energy
Eaglewood Energy spuds Ubuntu-1 well on PPL 259 licence
An SI Board Since December 2010
Posts SubjectMarks Bans Symbol
3 0 0 EWD
Emcee:  bcjt Type:  Moderated
Eaglewood Energy spuds Ubuntu-1 well on PPL 259 licence

2010-12-13 07:11 MT - News Release

Mr. Brad Hurtubise reports

EAGLEWOOD ENERGY SPUDS UBUNTU-1 WELL

Eaglewood Energy Inc. has begun drilling the Ubuntu-1 well on its PPL 259 licence in the Western Province of Papua New Guinea. Eaglewood is the operator of the well which is expected to be drilled to a total depth of 3,600 metres and take approximately 60 days to drill. The Ubuntu prospect is contained in two of the graticular blocks in PPL 259, and Eaglewood holds 40 per cent of the Ubuntu prospect with Talisman Niugini Ltd. (50 per cent) and Mega Fortune International (10 per cent). Eaglewood (90 per cent) and Mega Fortune International (10 per cent) hold the remaining 66 graticular blocks of the PPL 259 licence.

Chief executive officer Brad Hurtubise commented, "We are glad to finally be drilling and are hopeful a discovery at Ubuntu will begin the first stage of the commercialization program for our PPL 259 licence."

We seek Safe Harbor.
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):