I believe it is the same Main Pass area in the Gulf of Mexico.
"Main Pass Block 299 We acquired the Main Pass Block 299 (Main Pass) oil operations as part of our acquisition of Freeport Sulphur in November 1998. As of December 31, 2001, cumulative gross production from the Main Pass oil operations totaled approximately 42.6 MMBbls. In June 2001, we acquired Homestake Sulphur Company LLC’s 16.7 percent working interest and 13.8 percent net revenue interest in Main Pass in exchange for assuming their portion of the remaining reclamation obligations associated with the related oil facilities as well as the remaining reclamation obligations associated with the Main Pass sulphur mine. During the second quarter of 2002, gross daily production at Main Pass averaged approximately 3,500 barrels of oil, 2,500 barrels net to our interest after considering the effects of the net profits interest. "
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
