LONDON (Thomson Financial) - Irvine Energy Plc. said it is making rapid
progress across its portfolio, both in raising production levels and in
confirmation of the oil and gas resources which it aims to convert into the
reserve categories in the near future.
The AIM-listed company said the first Kansas well has encountered oil, and
the second well commenced.
The company said a further eight wells are online to start production at the
Niobrara project, and added five additional wells will be brought on line in
early summer, bringing the total number of producing wells to 23.
It said current planning is in place for a further 40 new wells to be
drilled in the near future at Niobrara.
TFN.newsdesk@thomson.com
ans/rfw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|