Pompano production resumes

Production has resumed from Pompano well No. 1, according to Buccaneer Energy Ltd.

Offshore staff

SYDNEY, Australia -- Production has resumed from Pompano well No. 1, according to Buccaneer Energy Ltd. In October, the well was shut-in awaiting a remedial work-over. While the well was shut-in reservoir pressures were measured and were as expected for both the upper (6700 Sand) and lower (B Sand) completions.

The sand bridges in 6700 Sand completion have cleared without any external intervention and production has resumed at approximately 1 MMcf/d, the company reports. It is expected that on completion of the work-over to the B Sand completion, and installation of the gravel pack to the 6700 Sand completion, production of 5-7 MMcf/d well be stored from the well.

01/08/2009

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