Eugene Island well A-6 completed, flow tested

Leed Petroleum has successfully completed and flow tested the Eugene Island A-6 well.

Offshore staff

LONDON -- Leed Petroleum has successfully completed and flow tested the Eugene Island A-6 well.

The company has successfully perforated and begun production from the deeper of the two commercial zones intersected by the well. Following an initial 21-hour clean-up flow period, this deeper zone, which had 51 ft (15.6 m) of true vertical thickness net pay, was tested to sales over a 4.5 hour period through a choke at a stable restricted rate of 6.168 MMcf/d and 1,146 b/d of oil with 0 b/d of water with a flowing tubing pressure of 8,513 psi.

After the drilling rig is repositioned in preparation to drill the Eugene Island A-7 well, the company plans to return the A-6 well to production and conduct ongoing well testing to determine the optimum long-term production flow rate for the well.

"Commencement of production from the Eugene Island A-6 well is a very significant milestone for the company," says Howard Wilson, president and chief executive of Leed. "Results of the well have proven that our exploration concepts for the property are valid and have lowered the risk profile of additional prospects in the field, which we intend to pursue. We are moving to spud the very promising Eugene Island A-7 well in the coming days. "

04/10/2008

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