General Search - Enter what you're looking for...
ANTARES ENERGY LIMITED - ASX: AZZ
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Antares Energy will become a successful exploration and production company, with a profitable portfolio of producing assets. Our mission is to create wealth for our shareholders through the successful exploration and production of hydrocarbons.
Antares Energy Limited is an oil and gas exploration and production company focused on the onshore Texas gulf coast region. Currently Antares has two core projects being:
1. Oyster Creek
2. Petrohawk-Eagle Ford Term Assignment
Oyster Creek - Harrison-1
The Harrison-1 well is currently shut-in awaiting the outcome of the further development of the field. Harrison-1 may be used for salt water disposal if required.
Oyster Creek - Harrison-2
On 8 December 2009 Antares announced the successful completion of the Anomalina 'C' reservoir in the Harrison No.2 wellbore in the Oyster Creek project located in Brazoria County, Texas. The Harrison No.2 well was spud on 30 December 2007 reaching a total depth of 13,040 feet encountering 164 feet of gross pay and 67 feet of net pay over three reservoir intervals - the F-41 sand, the Anomalina 'C' sand and the Anomalina 'B' sand. The secondary F-41 sand being the lowest reservoir was produced first and has produced in excess of 135,000 boe. The primary Anomalina 'C' sand being the next reservoir was successfully perforated and is currently in production on a restricted 6.5/6f4" choke at 5,400 psi. The well is currently producing in excess of 200 Bo/d and 1,800 Mcf/d.Oyster Creek - Harrison-3
The Harrison-3 development well continues to be evaluated by the joint venture partners in light of the encouraging production from Harrison-2. The successful perforation, testing and production of the Anomalina C sand in Harrison-2 will be extremely encouraging for further successful development of this field.
Oyster Creek - Scott-2
The Scott-2 well is currently shut-in awaiting the outcome of the further development of the field. Scott-2 may be used for salt water disposal if required.
Other Projects
Antares Energy has non-operated interests in several other Texas joint ventures which are not material to the Company at present and are not likely to be in the future. It is expected that these will be wound up or Antares will progressively exit in order to focus on four key projects.
Mine For
oil, gas
Location of operation(s)
USA
Address
Level 2, 5 Ord Street
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9324 2177
Website
Last Updated
26/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
