PROJECTS

   

   

   

   

   

   

   

   

   

     

GULF OF MEXICO: TEXAS STATE OFFSHORE LEASES

   

HIGH ISLAND 24-L GAS DISCOVERY :


Entek is a participant with US partners in a significant gas discovery on adjoining blocks in shallow Texas State Waters. Gas production commenced in October 2007. Entek’s initial revenue stream from production is forecast at A$5.7million to A$7.2 million annually after royalties and operating costs.  For full information see High Island Gas Production.


Following the initial discovery on High Island Block High Island Block 24-L S/2 SW/4, Entek and its partners bid on three contiguous blocks and the Company now retains the following interests:

LEASE AREA
(Acres)		 WORKING
INTEREST
Lease No. M-106410, High Island Block 24-L S/2 SW/4 (Discovery Well No.1)   720    5.0%    
Lease No. M-107044, High Island Block 24- L, N/2 SW/4  (Discovery Well No.2) Note 1 720    5.0%    
Lease No. M-107045, High Island Block 25- L S/2 SE/4    Note 1 720    5.0%    
Lease No. M-107046, High Island Block 32- L, N/2 NW/4  Note 1 720    5.0%    

Note 1 

These blocks are contiguous to the High Island Discovery Block
Lease No. M-106410.

  

  
Copyright 2006