Anglo-Suisse Offshore Partners Completes Five-Well Drilling Program in Western GOM.HOUSTON -- Houston-based Anglo-Suisse Offshore Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ASOP ASOP Actuarial Standards of Practice ASOP American Society of Orthopedic Professionals ASOP Anglo-Suisse Offshore Partners (oil exploration company) ASOP American Singers Opera Project (Winston Salem, NC) ), (www.anglosuisse.com) today reported the commencement of production from the company's most recent five-well drilling program in the Western Gulf of Mexico's Matagorda Island Matagorda Island, Spanish for "thick brush," is a 38 mile (61 km) long barrier island on the Texas Gulf coast, about seven miles south of Port O'Connor. The island is oriented generally northeast-southwest, with the Gulf of Mexico on the east and south, and Espiritu Santo area. The wells were drilled in approximately 70 feet of water with Pride Internationals' jack-up rig, "Pride Georgia." This is the company's second drilling program in Matagorda since acquiring the property in 2006. ASOP drilled three wells in Blocks MI 657, two of which were completed as producers from Miocene channel sands at a depth of 2,100 feet. The wells were drilled from a tripod and tied-back to the B platform in MI 657. Each well is producing at a rate of 4 million cubic feet of gas per day (mmcf/d). Each of the two wells completed in Blocks MI 632 are also flowing at 4 mmcf/d at a depth of 2,100 feet from single-well caissons tied back to the A platform in MI 632. These four new completions, which the company believes are capable of achieving even higher flow rates, have added significantly to the gas production from Anglo-Suisse fields in MI 632 and MI 657. Anglo-Suisse has just finished compression upgrades, bringing cumulative field production up to 23 mmcf/d. About Anglo-Suisse Offshore Partners (ASOP): Anglo-Suisse Offshore Partners, LLC, is a privately-owned, independent oil and gas company headquartered in downtown Houston Downtown Houston is Houston's largest business district. In terms of office square footage, it is the seventh largest in the United States. Downtown Houston contains the headquarters of many prominent companies. , Texas. The company owns operated and non-operated producing and exploration acreage in the Shelf waters of the central and western Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . Production from the company's producing properties is expected to exceed 10,000 barrels of oil equivalent per day by August 2008. In addition, ASOP owns Anglo-Suisse Offshore Pipeline Partners, which owns oil and gas pipelines and onshore processing properties. The company is focused on utilizing its engineering and geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge expertise to acquire drilling prospects that hold significant upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar in the shallow-water Gulf of Mexico. |
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