AMU amadeus energy limited

production update just out

  1. 1,331 Posts.
    The Directors of Amadeus Energy Limited wish to provide an update on recently completed successful wells in Lavaca County, Texas.
    Hoffer #1
    Type: Gas wildcat
    Location: Hoffer, Lavaca County, Texas
    Working Interest: 50%
    Operator: Trio Consulting & Management LLC – Wichita Falls, Texas.
    Status: The Hoffer well was placed on initial production on 4 January 2007 and is currently producing at a rate of 3.8 million cubic feet of gas per day, 35 barrels of oil per day and 7 barrels of water per day, maintaining a flowing tubing pressure of 5,800 pounds per square inch, through a 10/64 inch choke.
    Monitoring of flowing tubing pressure will continue and choke size will be gradually increased until the well is producing at its optimal rate.
    Renger Sassin “A” #1
    Type: Gas wildcat
    Location: Halletsville South, Lavaca County, Texas
    Working Interest: 25%
    Operator: Trio Consulting & Management LLC – Wichita Falls, Texas.
    Status: The Renger Sassin well has been placed on production as at 4 January 2007. The well is currently producing at a rate of 0.68 million cubic feet of gas per day, 10 barrels of oil per day and 1-2 barrels of water at a flowing tubing pressure of 1,540 pounds per square inch through a 10/64 inch choke.
    Further details will be provided on these wells once flowing tubing pressures have stabilised and more production data has been acquired.
    Since commencement of the Lavaca County exploration program, 15 out of 18 wells have been drilled successfully, resulting in an overall success rate of 83%. (Amadeus’ working interests range from 22% to 50%).
 
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