FURTHER info:
>>”As far a shelf development projects at Vermilion 380, we are progressing with our development there. We drilled four wells and completed one of them before Hurricane Ike damaged the platform. Remaining development involves drilling of one additional well and completion of all wells. And we hold a 100% interest in the new drilling at Vermilion 380.
We estimate approximately 40 Bcf in proved and probable reserves in this field. And as soon as the pipeline and platform repairs are completed, we will commence production from the new wells, which should occur in the next several months.”
(Mariner Energy, Inc. (ME) Q4 2008 Earnings Call February 27, 2009)
http://seekingalpha.com/article/123270-mariner-energy-inc-q4-2008-earnings-call-transcript
DG
more:
>>”Our largest field in the Gulf of Mexico Shelf by reserves is Vermilion 380. At year-end 2008, estimated proved reserves attributed to this field were 33.1 Bcfe, consisting of approximately 50% oil and 50% natural gas. During 2008, we drilled three wells and completed one well before Hurricane Ike damaged the platform. Hurricane Ike also interrupted the drilling of a fourth well. Remaining development involves finishing the drilling of the fourth well, drilling a fifth well and completing the remaining wells. We anticipate that production from the five new wells will commence by third quarter 2009. The field currently has two producing wells (one of which is the new well we drilled and completed in 2008) in 340 feet of water. These two wells produced approximately 0.5 Bcfe in 2008. We generated this prospect from former Forest properties and hold a 100% working interest in the newly drilled wells.”
DG