Thursday, May 31, 2012

                                                         FAKEBOOK was a dud

Anadarko has announced a discovery at the Lucius exploration well in Keathley Canyon block 875. The well encountered more than 200 feet of net pay in subsalt Pliocene and Miocene sands.



"The Lucius discovery continues to demonstrate the tremendous value of our Gulf of Mexico portfolio," said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration. "Lucius is a three-way structure against salt, and the results of the well indicate thick reservoir sands with very good porosity and permeability. We are continuing to gather data to evaluate the fluids from the well. These initial results are very encouraging, so we plan to immediately drill an up-dip sidetrack appraisal well to delineate the reservoir's areal extent. Additionally, the proximity and availability of our Red Hawk cell spar enhances our potential development options and offers the opportunity to accelerate the production of these resources