Callon Reports Discovery Well Tests At 20.3 MMcf/d At High Island Block A-494.NATCHEZ, Miss.--(BUSINESS WIRE)--Feb. 8, 1999--Callon Petroleum Company (NYSE NYSE See: New York Stock Exchange : CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) (NYSE: CPE.PrA) announced today its High Island Block A-494 No. C-1 discovery well tested at 20.3 million cubic feet of natural gas per day (MMcf/d). Callon owns a 50 percent working interest in the well. The operator, PetroQuest Energy, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PQUE) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : PQU), holds a 42 percent working interest. The No. C-1 well (Snapper Prospect) reached a total depth of 8,800 feet and encountered 207 feet of gross gas pay with 80 feet of net natural gas pay in the objective Cris. S. sandstone formation. It was tested on a 31/64-inch choke with a flowing tubing pressure of 2,766 pounds per square inch Noun 1. pounds per square inch - a unit of pressure psi pressure unit - a unit measuring force per unit area and shut-in tubing pressure of 3,323 pounds per square inch. Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950. This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion