Fortune Petroleum Corp. announces mechanical difficulties at DABM Prospect well.HOUSTON--(BUSINESS WIRE)--Aug. 29, 1996--Fortune Petroleum Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :FPX/FPX.W) announced that drilling has been terminated due to drilling and mechanical difficulties encountered at the DABM DABM Defense Against Ballistic Missiles Prospect, in the Bay Marchand Area, offshore Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. . Fortune has a 13.33 percent working interest in the prospect. The operator has advised Fortune that heaving shales, possibly associated with the Bay Marchand Salt Dome salt dome Largely subsurface geologic structure that consists of a vertical cylinder of salt embedded in horizontal or inclined strata. In the broadest sense, the term includes both the core of salt and the strata that surround and are “domed” by the core. , have been problematic and impenetrable im·pen·e·tra·ble adj. 1. Impossible to penetrate or enter: an impenetrable fortress. 2. Impossible to understand; incomprehensible: impenetrable jargon. prior to reaching the well's first target formation. All partners have concurred to set a temporary plug while further evaluation of methods to correct this problem are studied. Fortune Petroleum is an independent oil and gas exploration and production company with its principal properties located offshore Louisiana and the Texas and Louisiana Gulf Coast. Fortune Petroleum does business in Texas and Louisiana as Fortune Natural Resources Corp. CONTACT: Fortune Petroleum Corp., Houston John Collins, 713/872-1170 |
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