North Padre (PN) 975
Well A-11 ST#1 on North Padre Block 975 in which Entek Energy has earned a 25% Working Interest is flowing gas at a rate of 4.440 MMCFD.
Conservative projected earnings from the well indicate payback of Entek's estimated $1,250,000 completed well cost share within 12 months, at which time there will still be 70% remaining of the initial 4 BCF reserve with potentially a further 2 BCF of upside reserve.