According to their last update they noted that Australian law dictates they reveal results in a timely fashion to share holders, now I can not see them telling their Aussie holders without revealing the same info to us. What is considered timely is a matter of conjecture.
DRILLING UPDATE – COBB 12-7 WELL
Entek Energy Limited is pleased to give the following update on the Cobb 12-7-HA1 (Cobb 12-7) well as part
of the 2015 Battle Mountain AMI drilling program. The Cobb 12-7 well is the first of three wells scheduled to
be drilled and tested this year by the Operator of the Battle Mountain AMI, GRMR, a private company
associated with East Resources, Inc. Entek owns a 20% working interest in the Battle Mountain AMI and
related leases, with GRMR holding the remaining 80%.
The Cobb 12-7 well is located in the southern part of the Battle Mountain 3D seismic survey (refer map
below) and is being drilled as a high angle directional well aimed to intersect naturally fractured fault zones
within the Niobrara oil bearing formation. The target measured depth of the well is 9,995 feet.
As at 17:00 local US time on 19 July 2015 the well has reached its intermediate section total depth of 5,962
feet where 9 5/8 inch casing will be set before drilling out into the Niobrara target zone.The Cobb 12-7 well is scheduled to be followed by the drilling of the McKee 5-16-H1 (McKee 5-16) and State
15-8 wells which are also located within the Battle Mountain 3D seismic survey as shown on the map below.
McKee 5-16 is to be drilled as a horizontal well, with the lateral section of the well targeting interpreted
highly fractured zones within the Niobrara Formation. State 15-8 will be drilled as a vertical well to test a clearly defined structural closure with multiple conventional reservoir targets as well as the Niobrara
I kind of look at it this way, it gives me more of an opportunity to add to my position. I think that share price will start to escalate when good results are announced on the first well. We should not have too wait much longer.
If the wheels don,t fall off.