Eureka Energy Limited (“Eureka”) is an oil & gas exploration and development company listed on the Australian Securities Exchange (“ASX”). Eureka’s objective is to source and acquire advanced high impact exploration and development opportunities in acceptable international jurisdictions. The opportunities acquired to date are of sufficient size to significantly enhance the value of the company as success is demonstrated. Eureka’s current portfolio is focused on the Sugarloaf Project which is located within the exciting new Austin Chalk Field and the emerging Eagle Ford Shale Field in Texas, U.S.A.
Eureka owns a 12.5% working interest in the large Sugarloaf Project which is located within the exciting new Austin Chalk and Eagle Ford Shale discovery in Texas called the ‘Sugarkane’ Field. The Sugarloaf Area of Mutual Interest (“AMI”) comprises contiguous leases covering approximately 22,000 acres (2,780 acres net to Eureka). The AMI is situated within the Sugarkane Field and provides the Company with an exceptional opportunity to participate in the development of a potential multi trillion cubic feet equivalent (“TCFE”) gas and, importantly, condensate rich resource.
