Eon NRG Limited

As we head into 2020, there is lots to look forward to in the energy sector. Is oil the counter-cyclical investment opportunity that gold was a couple of years ago when Au was unloved? Being the worlds most traded commodity, it is difficult to predict how all of the moving parts (supply, demand, geopolitics, technology, etc) will react as the new decade unfolds.

Drilling of the Govt Kaehne 9-29 well was successfully completed yesterday. This was two days ahead of schedule which brings forward production and reduces drilling cost. Testing is currently under way. This will be followed by completion and then on to production which will add to Eon's already strong production.



This is an article from the West Australian Newspaper today.

Opening drilling salvo hits the spot for Eon NRG Early indications are good for energy player Eon NRG as it hits initial targets during the spudding of its first onshore oil well in the USA.

Drilling progress report due out from the company this week, 7 days since the Govt Kaehne well was spud. 12 days drilling to total depth followed by testing and completion.