Endeavour Continues Successful Appraisal Drilling in Cygnus Field
2009年4月7日 - 7:30PM
PRニュース・ワイアー (英語)
HOUSTON, April 7 /PRNewswire-FirstCall/ -- Endeavour International
Corporation (NYSE-Alt: END) (LSE:ENDV) today announced that the
Cygnus 44/12a-4 appraisal well in the Southern Gas Basin in the
North Sea has further extended the productive area of the Cygnus
field by confirming the presence of recoverable gas reserves in a
third fault block. Endeavour holds a 12.5 percent interest in the
Cygnus field area spread over two United Kingdom blocks, 44/11a and
12a. License partners include GDF SUEZ, the operator, and Venture
Production plc. The well was drilled to a total depth of 12,284
feet and flow tested at a rate of 32 million cubic feet of gas per
day from the targeted Rotliegendes Leman reservoir. Endeavour
estimates that gross recoverable reserves from the eastern portion
of the field alone will be in excess of 500 billion cubic feet.
This number is expected to increase as additional fault blocks are
drilled. "The results of appraisal drilling in the Cygnus field
continue to surpass our expectations. We believe the area will
prove to be one of the largest natural gas fields to be discovered
in the Southern Gas Basin in the last decade," said William L.
Transier, chairman and chief executive officer. "The Cygnus field,
combined with the Rochelle and Columbus developments, comprise the
three major natural gas projects in the United Kingdom that will
provide the company substantial growth in production over the next
few years." A revised field development plan for Cygnus was
submitted to the United Kingdom governing authority, Department of
Energy and Climate Change, in March, 2009 and contained a phased
development scenario that called for initial production to begin in
the fourth quarter of 2010. Endeavour International Corporation is
an oil and gas exploration and production company focused on the
acquisition, exploration and development of energy reserves in the
North Sea and the United States. For more information, visit
http://www.endeavourcorp.com/ Certain statements in this news
release should be regarded as "forward-looking" statements within
the meaning of the securities laws. These statements speak only as
of the date made. Such statements are subject to assumptions, risk
and uncertainty. Actual results or events may vary materially.
DATASOURCE: Endeavour International Corporation CONTACT: UK
Investors, Jeffrey Auld of Cannacord Adams, + 44 (0) 207 050 650;
or UK Media, Philip Dennis, +44 (0) 207 743 6363, or Henry Lerwill,
+44 (0) 203 178 6242, both of Pelham Public Relations, all for
Endeavour International Corporation; or Mike Kirksey, Investor
Relations of Endeavour International Corporation, +44 (0)
207-451-2360, or +1-713-307-8788 Web Site:
http://www.endeavourcorp.com/
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