April 2008 production update
Rocksource ASA (“Rocksource”) is pleased to announce that the April 2008 production from its US subsidiaries averaged 2,500 boepd (barrels of oil equivalent per day). This compares to an average production in 1st quarter 2008 of 2,150 boepd. The stated production numbers are based on metered daily production, and may thus differ slightly from the final production volumes that will be used for accounting purposes due to changes in stock volumes etc.
All wells drilled in the first and second drilling campaign have now been tied in to production. A total of 9 wells have been drilled in the fields, 8 of which are in Drews Landing. All wells have encountered multiple hydrocarbon reservoir zones which have confirmed the expected total proven reserves of 4.9 million barrels of oil equivalent as of 31 December 2007.
The last well to be tied in to production was delayed due to a more extensive completion than originally planned, but is currently producing from co-mingled zones at a constrained flow-rate as the re-completion was better than expected and in excess of the temporary tie-in available. The permanent tie-in is now under construction and is expected to be operational in late May.
Oslo, 5.5.2008
Rocksource ASA
Trygve Pedersen - CEO
+47 90 09 77 41
Published: 05.05.2008
Contact Information
Address:
Thormøhlensgate 53 D
Postboks 994 Sentrum
N-5808 Bergen
Norway
| Phone: | +47 05369 |
| From abroad: | +47 21 49 32 69 |
| Fax: | +47 55 36 87 98 |
Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com