The Company owns interests in 173 wells on its 927 acres located in the Historic Woodbine Oil Field. In total, the Company's oil field has over 170 wells available for reconditioning and being brought back online. Engineering reports show that Eagle Oil's East Texas field contains over 12,500,000 barrels of recoverable oil, valuing the recoverable oil at over $1.1 billion at current market prices of approximately $88 a barrel.
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