USA Producing Leases
Williams Alternate #2 Well, Mystic Bayou Field:
Operator: White Oak Operating Co. L.L.C.
Working Interest: 25%; Net Revenue Interest: 18.50%
The Williams Alternate #2 well, located in Mystic Bayou Field, was directionally drilled utilising a barge drilling rig in May/June 2015. The well commenced initial production on 31 August 2015 and was tied into existing production facilities .
Adeline Sugar Factory #4 Well, Jeanerette Field:
Operator: Castex Energy
Working Interest: 12.5%; Net Revenue Interest: 9.22%
The Adeline Sugar Factory #4 (ASF #4) well was discovered and brought into production in June 2014. The well is the first well drilled on prospects acquired in a recently completed transaction announced to the ASX on the 7 July 2014.
Hummer Project – Main Pass Blocks 270/273/274:
Operator: Castex Energy Inc.
Working Interest: 12.50%; Net Revenue Interest: 10.24%
The Main Pass Block 270 No. 3 BP 1 well on the Hummer exploration prospect in 215 feet of water, offshore Louisiana (federal waters) was drilled during the second half of 2015 encountering the Miocene age sand objectives as anticipated. Well logs indicate additional potential reservoirs in the well. These untested sands will be targets of future drilling on the Hummer project.
The Main Pass Block 270 No.3 well has been temporarily suspended pending fabrication and installation of permanent production facilities and pipelines. Production from the well is scheduled to commence in mid-late November 2017.