replacement announcement

ASX/Media Release 19 July 2011
DUGAS & LEBLANC #3 ON PRODUCTION
Napoleonville?] Dugas & Leblanc #3 Well, Assumption Parish, Louisiana, Non Operator 39.4% WI
The Board advises that the D&L#3 well has been placed on production at a rate of 1,500mcf/d in the 10ft
?gStray B?h Sand on a 10/64th inch choke. Due to the extremely high reservoir quality sands production
rates may potentially be increased up to 4,000?]5,000 mcfd with the Stray sand being drawn down as quick
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%
Other Partners 45.6%
For further information contact:
Mark Freeman
Executive Director
Phone +61 8 9324 1177
For more