Cheniere Energy Drilling Update.HOUSTON--(BUSINESS WIRE)--Oct. 29, 1999-- Cheniere Energy Inc. (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) announced it is plugging and abandoning the State Lease 16208 No. 1 well at its Heron Prospect in Cameron Parish, La. Cheniere also announced that it has today commenced drilling its sixth exploratory well of the year, the S. D. Burkhart Unit No. 1 at the Baxter Island Prospect in Matagorda County, Texas Matagorda County is a county located in the U.S. state of Texas. As of 2000, the population was 37,957. Its county seat is Bay City6. Matagorda County is named for the canebrakes which once grew along the coast (Matagorda is a Spanish word meaning "thick bush"). . Houston-based Cheniere Energy Inc. is an independent oil and gas company focusing in the shallow waters See:
 ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. . The
Company relies extensively on the use of 3-D seismic technology in its
exploration drilling program.
This news release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based on assumptions which in the future may prove not to be accurate. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Certain risks and uncertainties inherent in the Company's business are set forth in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion