Entek Spuds High Island Well in the Gulf of Mexico

Following last year's discovery on High Island ST 24-L (S/2 SW/4) #1 well which flowed gas at the rate of 47.5 MMscfD immediately prior to shut-in at completion of the flow test, Entek Energy reports that High Island Block 24-L,(N/2 SW/4) #1 spudded on February 14, 2007.

The well proposed TVD is 4,572 meters (15,000 feet) and is located approximately 1,090 meters north west of the discovery well. The well is expected to take approximately 60 days to drill.

Assuming this well is successful, it is planned to tie it back to the original facilities which are engineered to process up to 80 MMscfD.

The original facilities (comprising deck and facilities) are expected to be installed at the discovery well location in April 2007. Flow lines from the facilities to the main market trunk lines are expected to be installed ready for commencement of production April to May 2007.

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