Eon NRG Limited (ASX:E2E) is pleased to announce that following completion of the drilling of the Govt Kaehne #9-29 well which reached total depth of 6,460 feet (1,969 meters), initial indications are that an excellent quality reservoir has been encountered.
EON NRG Ltd
EON NRG Ltd (ASX:E2E) is an USA onshore focused energy exploration and production company. The Company's growth path is through drilling of high impact oil exploration wells, supported by its 100% owned and operated long life oil and gas production assets and associated cashflow. The company also has a battery minerals division with prospective leases in Nevada which are at the early stages of low-cost exploration.
Eon NRG Limited (ASX:E2E) is pleased to announce CapStar #311 rig reached total depth of 6,450 feet on Wednesday 27th, two days ahead of schedule. The Govt Kaehne #9-29 well is the first of several wells to be drilled on its recently acquired 15,000-acre Powder River Basin leasehold position.
Eon NRG Limited (ASX:E2E) is pleased to announce that drilling operations have commenced with the spudding of the first well on its recent acquired 15,000 acres in the Powder River Basin.
Eon NRG Limited (ASX:E2E) is pleased to announce that it has finalized agreements with eight (8) parties to acquire a minority interest and the Company's Govt Kaehne #9-29 well.
EON NRG Ltd (ASX:E2E) received drilling approval from the Wyoming Oil and Gas Conservation Commission (WYOGCC) and the Federal Authorities, Bureau of Land Management (BLM) in July 2019.
Eon NRG Limited (ASX:E2E) is pleased to announce the installation of conductor pipe and cellar ring in preparation of the drilling rig. The conductor rig drilled and installed sixty feet of steel pipe which was then cemented into place.
Eon NRG Limited (ASX:E2E) is pleased to provide a summary of the independent 1P reserves estimate for the Company's projects as at 30 June 2019, which includes the maiden reserves for its unproduced prospect in the Powder River Basin (PRB) acreage (Donkey Creek Field), Wyoming.
Eon NRG Limited (ASX:E2E) is pleased to announce that it has completed the construction of the well pad and access road for the Govt Kaehne #9-29 well at its Powder River Basin prospect.
Eon NRG Limited (ASX:E2E) is pleased to announce that it has received approval from ANB Bank to renew its revolving line of credit (RLOC) loan facility for a further twelve months with a new expiry date of 1 October 2020.
EON NRG Ltd (ASX:E2E) is an exploration and production (E&P) company focused on identifying and developing oil and gas resources in North America. The Company has an asset portfolio of exploration and producing assets located in onshore USA basins in the states of Wyoming and California.