Ignis Petroleum Group spuds Sherburne Field development well

Ignis Petroleum Group spuds Sherburne Field development well

Thursday, August 10th 2006

Ignis Petroleum Group, Inc. announced that its partner and operator, Rodessa Operating Company, commenced drilling operations in their Sherburne Field development well prospect.

“We are pleased to announce that our Sherburne well, located in Point Coupee Parish, Louisiana, which has a target depth of 9,800 feet, should take approximately one month to complete drilling operations,” said Michael P. Piazza, President and Chief Executive Officer.

“The prospect is a gas play up dip to two Texaco wells that were recompleted in the 1960′s to shallower zones after producing more than 15 billion cubic feet of natural gas and 450,000 barrels of condensate,” he continued. “The Sherburne Field was first discovered in the early 1950′s and has produced approximately 120 Bcf of natural gas and 2.5 million barrels of oil. The Company has a 15% before payout working interest in the well. We will provide more information as the project progresses.

Source: OilOnline

Share this post