Portrush Petroleum Corporation has entered into an agreement leading to the development of a 1200 acre prospect in Pointe Coupee Parish, Louisiana.

The Prospect is located less than 30 miles northwest of the city of Baton Rouge and approximately 30 miles east of the town of Opelousas. Stratigraphically, the lease is situated in the fairway of the Oligocene and Eocene producing trends and, more specifically, in the Frio, Vicksburg, Cockfield, Sparta and Wilcox sand series. Historically, these have been among the more prolific reservoirs in this geological trend. Structurally, the Prospect is a downthrown fault trap. Similar structural traps in this area are associated with a number of major producing fields.

The Company has agreed with the operator to review all existing technical data before it takes on any further development.

The operator has recommended acquiring several square miles of 3-D seismic to integrate into the existing seismic data and also to define the deeper stratigraphic potential.

The initial well is proposed to be drilled to a depth of 11,600 feet and subject to a successful test, a total of five wells will be required to complete development of the field.

Tags: Portrush Petroleum Corporation