Continental Southern Announces New Field Discovered at Hell Hole Bayou.Business Editors BALA CYNWYD, Pa.--(BUSINESS WIRE)--Feb. 27, 2003 CONTINENTAL SOUTHERN RESOURCES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSOR CSOR Central Scotland Off-Roaders CSOR Canadian Special Operations Regiment (Canadian Forces) CSOR Computer Security Objects Register CSOR Chip Select Option Register CSOR Cumulative Steam Oil Ratio CSOR College Skills Orientation ) ("CSOR") has disclosed a new field discovery. The operator of the SL 1614 No. 2 well located in Vermillion parish, Louisiana, has advised that the well reached TVD TVD Tuvalu Dollar (ISO currency code) TVD True Vertical Depth (oil drilling) TVD Total-Variation-Diminishing TVD Total Vertical Depth (oil and gas) of 17,500 feet and encountered 79 net feet of pay on the N and O sands. Numerous other pay sands were encountered as well and are being evaluated as well. Casing is currently being run to depth and cemented and the well will be completed over the next two weeks. Production will follow immediately upon completion. CSOR holds leasing on 5,000 surrounding acres. Based on 3-D seismic data, the O sands and Marg A sands appear to be present in over 70 percent of the acreage. CSOR can drill up to 16 more locations on the acreage at this horizon. In his report dated December 19, 2002, Chris Barden, registered professional petroleum engineer, stated that the O sand produces from six wells in the Redfish redfish or rosefish or ocean perch Commercially important food fish (Sebastes marinus) of the scorpion fish family (Scorpaenidae), found in the Atlantic along European and North American coasts. Point field several miles due north of the discovery. On trend, the objective sands have produced 10 billion to 50 billion cubic feet of gas per well. Mark Bush, President of Touchstone touchstone Black, silica-containing stone used in assaying to determine the purity of gold and silver. The metal to be assayed is rubbed on the touchstone, and then a sample of metal of known purity is rubbed on the stone right next to it. Resources, Ltd., which is partnering with CSOR on the SL 1614 No. 2 well located in Vermillion parish, Louisiana stated, "We are very fortunate not only to discover a new well but also to have a field discovery. We have shallow bright spots to drill on the northern portion of the acreage and 3,000 acres of closure at the deeper Siph Davisi interval which we hope to drill this summer." This release contains certain 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. regarding potential future events and developments affecting the business of the CSOR. These forward-looking statements involve known and unknown risks, uncertainties or other factors not under the CSOR's control which may cause actual results, performance or achievements of the company to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward-looking statements. |
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