dugas & leblanc#3 well – increased productio

Napoleonville?] Dugas & Leblanc #3 Well, Assumption Parish, Louisiana, Non?]Operator 15.0% WI
The Board advises that the production rate of the D&L#3 well has been increased to 2,600 mcf/d in the 10ft ?gStray B?h Sand on a
12.5/64th inch choke. Due to the very good reservoir quality sands, production rates may potentially be increased up to 4,000?]
5,000 mcf/d with the Stray sand being drawn down as quickly as possible in order to then move to the ?gM?h sand. The well?fs
production rates will be assessed and increased following further production history.
Following a reserve review the Company has revised its estimated hydrocarbon potential in the M sand as follows:
Oil (BBL) Gas (MCF)
Projected Recoverable Reserve 400,000 1,200,000
The reserve potential of the M sand is expected to increase with reservoir performance data. The Company is expecting flow
rates in the order of 300 ?] 400 bbls per day with around 800?]1,000 mcfd.
Partners in the D&L#3 well are:
Company WI
Grand Gulf Energy Ltd 39.4%
Golden Gate Petroleum Ltd 15.0%
Other Partners 45.6%