MAGNUM HUNTER

Magnum Hunter has announced two natural gas discoveries on Vermilion 84 in the U.S. Gulf of Mexico. The B-2 well was drilled by Pride's jackup, Pride Mississippi. The discovery well flowed at a rate of 7.5 mmcf of gas and 200 barrels of oil per day. The second discovery well, A4, tested at flow rates of 5.0 mmcf of gas per day. Magnum Hunter has a 16.67% working interest in the B-2 well and a 16.25% working interest in the A4 well. Burlington Resources is the operator of both wells and holds the remaining interests.
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Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
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