What next hey ......What happened to the revenue stream !!!!!!???????
ASX Announcement Date 24th August 2010 Market Update As announced in the Quarterly Report dated 30 July 2010, production from the three Galveston 307 Block wells began on a 8/64? choke in July 2010. Since commencing production, the project has produced 54,240 MCF sales gas and 344 Barrels of condensate (approximately 2,440 MCF and 15 BC net to Kilgore). The wells were shut in on 17th August prior to undertaking flow testing on the Sandpiper well as maintenance began on the upstream pipeline into which the Galveston production pipeline flows. The maintenance program is expected to last up to 30 days. The market will be advised once the wells recommence production. The technical information in this announcement has been provided by Brian Ayers, B.Geophs, MBA. Mr Ayers has more than 28 years relevant experience in the US oil and gas industry as a geophysicist and exploration geologist. Mr Ayers consents to the inclusion in this announcement of the information in the form and context in which it appears. For further information contact: Mr Anthony Short (Director) or Mr David Ballantyne (Company Secretary) Telephone: +61 (0)8 9486 1122 Facsimile: +61 (0)8 9486 1011
KOG Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
