Thursday, August 19, 2010

Fayette County, Texas: Eagle Ford Shale Update

By Andrea:

Eureka Energy (EKA) announced that a wholly-owned US subsidiary of Eureka has signed an option agreement to acquire a 100% working interest of a 761.5 acre block of leases on the eastern extension of the Eagle Ford trend in Texas. The new lease is located in Fayette County, Texas. Eureka believes that this block of land has potential to produce oil. Eureka intends to seek out a partner to fund drilling and acquisition costs for the new block of land.

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