Norse Unveils Brazilian Subsidiary's Production Results
Norse Energy has announced production volumes for its Brazilian subsidiary in Q4 2009.
Natural gas production from the Manati field (Norse Energy do Brasil 10% working interest) averaged 5.85 MMm3/day (3,678 boe/day net to Norse) in the fourth quarter 2009. This represents an increase of approximately 7% compared to the third quarter 2009. Reported sales volumes in the Company's financial statements will be adjusted for retainage (usage, line loss and stripping of condensate), which has historically been approximately 6% below produced volumes.
On December 13th, production from the field reached an all time high with 7.71 MMm3/day (4,849 boe/day net to Norse).
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