Stone Energy Extends Gulf of Mexico Discovery

Stone Energy reports that drilling operations have been completed on the OCS-G 18054 No. 2 Well on South Pelto Block 22. Subsequent to the announcement two weeks ago, the well was drilled to a total depth of 18,869 feet MD and logged and cased an additional estimated 89 net feet of pay in two additional sands bringing the estimated total pay to 524 net feet in 11 sands. Discussions with co-owners are in progress to determine a development and production plan for this significant discovery.

Stone has a 50% WI and a 40.7% NRI in this well.