Contango to Spud Prospect at Vermillion 155 Block

Repairs are proceeding as planned on Contango's recently ruptured 20" pipeline that runs from our production platform at EI-11 to EI-63 and we are on target to complete the work by the end of March 2010. Contango's current net production is approximately 31 million cubic feet equivalent per day.

Additionally, the Company has taken a farm-in on block Vermillion 155 and expects to spud this prospect prior to month's end. This prospect has an estimated dry hole cost of approximately $12 million and the Company has a 100% working interest.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Packer
Expertise: Storeman|Warehouse Person
Location: Lovell
 
Drivers
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
 
Class A CDL Drivers INTERVIEW OPPORTUNITY
Expertise: Motorman
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours