Louisiana
Napoleonville Salt Dome Project
Grand Gulf Energy has a 26% interest in the Napoleonville Salt Dome Project in Assumption Parish, Louisiana. The Napoleonville Salt Dome has historically produced some 188 billion cubic feet of gas and 20 million barrels of oil. It was one of the last remaining salt domes in Louisiana without 3D seismic prior to the 50.4 square mile 3D seismic acquisition program undertaken by Grand Gulf and its Joint Venture partners in 2007. Initially the Joint Venture acquired seismic lease options over some 30,000 acres covering the salt dome.
Since 2007 when the 3D seismic acquisition was completed the Joint Venture has been involved in working up leads and prospects over the Salt Dome. Numerous lead and prospects have been generated, from prospects updip of existing production wells to new exploration prospects identified on the edges of the salt dome and sands under wings of the salt dome.
|
|
Please refer to Monthly Operations Reports and Drilling Updates lodged for more information.
Please refer to ASX announcements and drilling updates for information on this program.