Portrush Puts Number 11 Well on Production
Monday, August 25th 2008
Portrush Petroleum Corporation wishes to announce that the Scanio/Sheldon No.11 well in the Mission River property in Texas has been placed on production at a rate of 727,000 cubic feet of gas and 25 barrels of oil a day. The well was drilled to a total depth of 8,700 feet.
The Company expects to place the number twelve well on production later this week. Both wells were drilled to the Vicksburg formation.
Current production from the Mission River field at the end of July was approximately 1.6 million cubic feet of gas and 50 barrels of oil/condensate a day. Portrush’s share of the revenue was approximately $60,000 per month. The gathering system has sufficient capacity to handle any anticipated increase in production arising from the number 11 &12 wells.
Website: www.portrushpetroleum.com
