Norse Energy: Manati #5 Exceeds Expectations

Norse Energy Corp (10%), in partnership with Petrobras (35%, Operator) and Queiroz Galvao Perfuracoes SA. (55%), said that the final logging of the fifth production well at Manati has been concluded at TD of 1,538 meters, 42 meters above the gas/water contact.

The logging indicated approximately 232 meters of net pay, similar to MNT well no.-1 net pay.

Gross pay was more than 345 meters, the most of the 5 wells drilled to date. The other four wells have shown gross pay between 233-327 meters.

This well will be equipped with an open hole gravel pack system to prevent future sand production since it is located in the highest structural position of the structure and can reach the highest daily production if required.

The well is completing operations with subsequent tie to the Manati offshore facilities.

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