Global Natural Resources reports new discovery offshore Cote d'Ivoire.HOUSTON--(BUSINESS WIRE)--Dec. 14, 1995--Global Natural Resources Inc. (NYSE NYSE See: New York Stock Exchange :GNR GNR Gram-negative rods Infectious disease Bacilli that don't absorb gram stain–ie, are pink; most clinically important GNRs are coliforms: Enterobacteriaceae–eg, Escherichia, Klebsiella, Proteus, Pseudomonas, Salmonella, Shigella ) today announced that it has drilled its eighth successful well in Block CI-11, offshore Cote d'Ivoire, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . The Lion B-3 well, drilled in a new fault block, encountered 169 feet of net oil pay and 63 feet of net gas pay. It tested 5,970 barrels of oil and 4.6 million cubic feet (MMcf) of gas per day on 56/54 inch choke with 950 pounds of flowing tubing pressure. The B-3 well is now producing together with the other five Lion wells and two Panthere wells close to 20,000 BOPD BOPD Barrels of Oil Per Day BOPD Bataan Ocean Petroleum Depot and in excess of 24 MMcf of gas per day. Global Natural Resources holds a 16% working interest in the well. United Meridian Corporation (NYSE:UMC UMC United Methodist Church UMC United Microelectronics Corporation UMC University Medical Center UMC United Microelectronics Corp (Republic of China) UMC University of Missouri-Columbia ) is the operator of the block with a 25% working interest. Global Natural Resources is engaged in worldwide oil and gas exploration and production and in natural gas gathering, processing and marketing. The company has operations and interests in North America, Tartarstan - Russia, Indonesia, Malaysia, the Ivory Coast and Egypt. CONTACT: Global Natural Resources Inc., Houston Robert F. Vagt or Gerald R. Colley, 713/880-5464 |
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