Forcenergy Announces Gulf of Mexico Drilling Successes; 16,250 Mcfd of Natural Gas Production.MIAMI--(BUSINESS WIRE)--May 7, 1998--Forcenergy Inc (NYSE NYSE See: New York Stock Exchange :FEN Fen (fŭn), river, 375 mi (604 km) long, rising in the Wutai Mts. and flowing southwest, through a narrow valley, to the Huang He, Shanxi prov., N central China; navigable for small junks only in its lower course. ) today announced the completion of two wells, each the initial production from recent successful exploratory drilling programs. High Island 551/552 The C-1 well, the first of two successful exploratory wells recently drilled, has been completed and is producing at a net rate of 7,500 Mcf and 600 barrels of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. per day. Another exploratory well is currently drilling and four additional wells are planned by year-end. Forcenergy owns 100% of the working interest in these wells. West Cameron 630 The first well of a six-well exploitation and exploration program was recently completed. The A-15st well is currently producing 8,750 Mcf and 42 barrels of condensate per day. The second well is currently drilling and the next four wells are scheduled to be completed by year-end. Forcenergy owns 100% working interest in West Cameron 630. Forcenergy Inc is an independent oil and gas company engaged in the exploration, acquisition, development, exploitation and production of oil and natural gas. Certain statements in this news release regarding future expectations and plans for future activities may be regarded as "forward looking statements" within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. They are subject to various risks, such as financial market conditions, operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc underground accumulation of oil and natural gas, as well as other risks discussed in detail in the Company's SEC filings, including the Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1997. Actual results may vary materially. CONTACT: J. Russell Porter E. Joseph Grady (305) 856-8500 |
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