Post by
PINK-i on Mar 15, 2011 10:48am
In court now to aquire license
Eaglewood is in court now to acquire an expired license on a lease with a proven commercial well. They plan to drill two wells on it. The lease is close to the ppl 259 license. Will start drilling after the re-acquire the rig they used to drill Ubuntu-1 which is being moved to a new location to drill one short 30 day hole for SASOL.
Comment by
tigris72poo on Mar 15, 2011 12:42pm
I can verify that from talks with mgmt
Comment by
tigris72poo on Mar 15, 2011 12:49pm
see p 17 of corp presentation
https://www.eaglewoodenergy.ca/investors/documents/EaglewoodEnergy_CorporatePresentation.pdf
It is PPL 5 which is surrounded by our PPL 259. Santos had a discovery which they were not developing so they lost the licence and are filing an appeal. If EWD can get it = big plus