9 Jan 2006drilling scheduled● Neutral
Operator Victoria Petroleum confirms the rig is rigging up at Eagle North-1, with drilling due 11 January. It expects up to 1,000 barrels a day if a horizontal leg succeeds. Lakes' 15% share is unchanged.
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9 Jan 2006drilling scheduled● Neutral
Partner Sun Resources reports the rig is on site at Eagle North-1, with drilling due about 11 January. The vertical well targets 4,200 metres in roughly 14 days. Repeats earlier background; no new result.
4 Jan 2006drilling scheduled● Neutral
Operator Victoria Petroleum says the rig should start Eagle North-1 in California within a week. Lakes holds 15% of the Eagle Oil Pool, where indicated recoverable reserves range from 13.5 to 34 million barrels of oil. Filed by partner Sun Resources.