April 2009 production update
Rocksource ASA (“Rocksource”) announces that the April 2009 production from its US subsidiaries averaged 1,675 boepd (barrels of oil equivalent per day). This compares to the March 2009 production of 1,638 boepd and 2,515 boepd in April 2008. 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.
The final development well in the 2008 drilling campaign has been completed and tied in to sales with a flow-rate slightly below expectations.
In addition to evaluating development options for the Granbury discoveries, Rocksource is reviewing growth opportunities to secure further production increase. The target of increasing production to 5,000 boepd by 2010 remains, but may be changed if prices do not improve.
Oslo, 11.5.2009
Rocksource ASA
Trygve Pedersen
CEO
+47 90 09 77 41
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