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Gold/Mining/Energy : Canadian Rocket Red's Picks

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To: Rocket Red who wrote (2883)	10/18/2002 9:10:40 AM
From: The Osprey	Read Replies (2) of 19697

OEL-v...in the news: Osprey ahead of schedule on Crosby workover Thu 17 Oct 2002 News Release Mr. Bernard Robichaux reports Osprey Energy has accelerated its timetable on the first phase of a comprehensive work program to significantly increase oil and gas production on its Louisiana properties. A coil tubing workover on the Crosby 36A well is expected to begin on Monday, Oct. 21, 10 days ahead of schedule. Engineers and geologists from Schlumberger and BPR Energy, Osprey's operating partner, are completing on-site preparations and expect to restore production to the Crosby 36A by the end of next week. A work program on the Churchman 9, another well in the company's BVR project, will begin immediately thereafter. The Crosby 36A produced an average of 700 barrels of oil and 1.5 million cubic feet of gas per day for a period of about six weeks last year before rocking up. The well has proven reserves, net to Osprey, of more than six billion cubic feet of gas and 350,000 barrels of oil. The company expects to complete work programs on other wells in the BVR project in addition to production-enhancing work on wells in the Bayou Choctaw and Livingston projects by the end of the year

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