The company expects to place the Scanio-Sheldon No-12 well on production shortly. Both wells were drilled in the Vicksburg formation. Current production from the Mission River Field at the end of July 2008 was approximately 1.6 million cubic feet of gas and 50 barrels of oil or condensate per day.
Portrush’s share of the revenue is approximately $60,000 per month. The gathering system has sufficient capacity to handle any anticipated increase in production arising from the No-11 and No-12 wells.
