Eugene Island well reaches second casing point

The Eugene Island A-7 well in the Gulf of Mexico, which was spudded on April 17, has reached its second casing setting point at a measured depth of 14,815 ft (4,516 m), according to Leed Petroleum.

Offshore Staff

LONDON -- The Eugene Island A-7 well in the Gulf of Mexico, which was spudded on April 17, has reached its second casing setting point at a measured depth of 14,815 ft (4,516 m), according to Leed Petroleum. Electric line logs have encountered two additional pay sands, each containing 23 ft (7 m) of true vertical thickness pay, in this section of the wellbore. To date, three commercial sands containing a total of 80 ft (24 m) of true vertical thickness pay have been discovered in the A-7 well.

The company is planning to run casing to the current depth, and drill ahead to penetrate the primary objectives. Drilling remains on schedule to reach total depth in the third quarter.

"While we remain confident that we will find additional hydrocarbon deposits in the primary objectives in the deeper sections of the A-7 well, the presence of hydrocarbons in these three zones will make the A-7 drilling project a commercial success," says Howard Wilson, president and CEO of Leed Petroleum. "We are very excited about the future as we await the results of the more promising deeper objectives in the A-7 well and plan for the development of additional reserves identified by this drilling program."

06/05/2008

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