Pharma Investments, Ventures & Law Weekly
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Endeavour International Corporation
Endeavour Announces Positive Results of Noatun C Sidetrack Well
November 9th, 2008
Endeavour International Corporation (AMEX:END) announced that a sidetrack well to its recent Noatun C discovery has further confirmed the presence of gas condensate at the site located in PL 107 in the Norwegian North Sea. The operator StatoilHydro has issued preliminary estimates of "discovered recoverable reserves between 30 - 50 million barrels oil equivalent." The discovery will be evaluated for development as a tie back to the Njord field that lies 16 kilometers south. The sidetrack found gas condensate in the same Jurassic reservoirs as the 6407/8-7 discovery well drilled in September. No water contact was reached suggesting the gas condensate column extends...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
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