Eaglewood Energy Provides Operational Update on Ubuntu-1 Well

- January 17th, 2011

Eaglewood Energy Inc. (CVE:EWD) provides update on the Ubuntu-1 well. The press release is quoted as saying: The Ubuntu-1 well is located on Petroleum Prospecting License 259 (the “259 License”), approximately 17 kilometres east of the Ketu and Elevala gas condensate discoveries in Papua New Guinea. Eaglewood is the operator of the 259 License, holding […]

Eaglewood Energy Inc. (TSXV:EWD) provides update on the Ubuntu-1 well.

The press release is quoted as saying:

The Ubuntu-1 well is located on Petroleum Prospecting License 259 (the “259 License”), approximately 17 kilometres east of the Ketu and Elevala gas condensate discoveries in Papua New Guinea. Eaglewood is the operator of the 259 License, holding a 40 percent participating interest in the Ubuntu Area and a 90 percent interest in the rest of the 259 License.

Click here to access the entire press release

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