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Monday, 08 September, 2008, 17:50 GMT | more prices >>

Amadeus buys into Louisiana treble



By Upstream staff 

Australia’s Amadeus Energy said today it had bought a working interest in three exploration projects in Louisiana, US.

Amadeus has bought a 19.6875% interest in the North Bayou Henry project and a 30.9375% interest in both the West Klondike and Home Run projects.

All three prospects are targeting fault block closures which have been identified on 3D seismic data.

Amadeus said the purchases have the potential to contain significant reserves of between 3 million and 5 million barrels of oil and between 5 billion and 12 billion cubic feet of gas per prospect.

Drilling will begin in 2008, the company said.


Monday, 15 October, 2007, 02:53 GMT  | last updated: Monday, 15 October, 2007, 03:57 GMT

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