Perhaps something will annouced, have to wait see | EGN Message Board Posts


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Msg  37 of 42  at  11/29/2008 7:30:38 AM  by

Mctrade2


Perhaps something will annouced, have to wait see

This came out back last month(see below) and come December 3, Energen is having an Investor Presentation, maybe some news will come about this Shale Play.



ALABAMA SHALES UPDATE

At the end of September, Energen Resources and Chesapeake Energy Corporation had leased jointly approximately 660,000 acres in the Alabama shale prospects. Energen Resourcesí net position is approximately 330,000 acres.

Work continues on the companiesí initial three-well test program. A completion has been performed on the Marchant well in Bibb County as well as on the Krout well in Bibb County, and completion of the Lamb well in Greene County is scheduled to begin later this week.

Once data from the wells has been analyzed and Energen Resources and Chesapeake determine their next steps, a public disclosure will be made. Energen management said it anticipates disclosing results of the initial 3-well test program before the end of 2008.



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