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Article: Contango Announces Successful Development Well at Mary Rose #2 and Begins Production of Mary Rose #1 and #3 Wells.
- Article from:
- Business Wire
- Article date:
- April 29, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Contango Oil & Gas Company (AMEX:MCF) announced a successful well at its Mary Rose #2 location in Louisiana state waters. This is the third well the Company has drilled on its Mary Rose prospect and we expect to test this well by the end of May 2008. The Company's net revenue interest in this well is approximately 38.5%. Upon completion and tie-in to our recently completed production platform at Eugene Island 11, we expect the well to flow at an 8/8ths rate of approximately 50 to 60 million cubic feet equivalent per day ("Mmcfe/d"). Mary Rose #2 was drilled by Contango Operators, Inc. ("COI"), a wholly-owned subsidiary of the Company.
Mary Rose #1 and ...