Leed Restores Production from Eugene Island A-7 Well

Leed Petroleum has completed wire-line operations on the Eugene Island A-7 well and returned it to production. Well tests indicate a gross production rate of 3.1 mmscfd, 458 bopd (combined 977 boepd) and zero water production through a 15/64" choke with a flowing tubing pressure of 7,500 psi.

Commenting, Howard Wilson, Chief Executive Officer of Leed said, "We are pleased to have restored production from the A-7 well at Eugene Island and continue to observe the Company's average daily production increase following the shut in during September 2009."

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