The Boot Spur prospect is a 15700 feet geopressured Cib Op test that will offset the recent Dutch discovery by Contango Oil and Gas Company. The well is expected to reach target depth in approximately 70 days. If successful, the well will be immediately completed and tied-in to the Company's El-7 production facility. The Company has a 35.5809% interest in the well.
The Marsh Island project comprises a quality portfolio of gas/condensate assets onshore/offshore Marsh Island in the Gulf of Mexico, including the 40 MMcfgpd production facility that is tied into the existing regional pipeline infrastructure.
Bayou Bend is an oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area. The Company has lease interests in the State Waters of Louisiana near Marsh Island and owns a 100% interest in several Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007 including a minimum of 7 exploration wells.
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