Seven Heads Commissioning Complete

Ramco Energy reports that the Seven Heads Gas field, which came on stream last Saturday has successfully completed its short commissioning period. Gas sales under the Gas Sales Agreement with Innogy commenced on December 18, 2003 at an initial rate, for the field of 60 mmscfd.

Participants in the Seven Heads Field are which are Ramco (Operator) 86.5%, Island Petroleum Developments Limited 12.5% and Sunningdale Oils (Ireland) Limited 1.0%.

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Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
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