Southeast
Texas Areas
We have approximately 881 square miles of
3–D data over our Southeast Texas project area which is focused
primarily on the Frio, Yegua, Cook Mountain and Vicksburg formations.
We expect to devote approximately $4.8 million to drill five wells
(1.7 net) in this area in 2005. Currently, we have identi.ed over
22 exploratory drilling locations with an additional 12 potential
extension opportunities.
East
Texas
The East Texas area encompasses multiple
objectives, including the Wilcox and Cotton Valley intervals.
We are focused on the Camp Hill Field, a Wilcox steam flood project
in Anderson County, and the Tortuga Grande Prospect, a Cotton
Valley sand opportunity. We have licenses for over 500 square
miles of 3–D seismic data in the East Texas area and 1,449
net acres under leasehold.
Louisiana
We have acquired licenses for approximately
1,887 square miles of 3–D data, and over 4,752 net acres
of leasehold. We expect to devote approximately $17.8 million
to drill ten wells (6.0 net) in this area in 2005. Currently,
we have identified over nine exploratory drilling locations with
an additional ten potential extension opportunities.
