Probe Spuds South Timbalier Sidetrack in GOM

Probe Resources has initiated operations for the drilling of the South Timbalier 214 A-6 Sidetrack-1 well in the U.S. Gulf of Mexico. The Hercules 202 jackup drilling rig has been mobilized to the Company's South Timbalier 198 platform.

The Company is currently completing preliminary operations on the A-6 wellbore at the South Timbalier 198 platform in preparation for sidetracking the well. This A-6 sidetrack will penetrate the unproduced Buliminella 1 formation previously penetrated and logged in El Paso's South Timbalier 214-1 well. The Company expects to reach total depth and evaluate the well in mid December. Completion operations will immediately follow.

The South Timbalier 198 platform has an existing pipeline to onshore facilities. Minor refurbishment of the production facility is ongoing and expected to be complete concurrent with the completion of the well. Analogous wells in the area have experienced production rates from similar reservoirs in excess of 25 MMcf of gas per day.

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