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Saratoga Resources Inc. Message Board

  • chris_cs16 chris_cs16 Feb 20, 2013 4:15 PM Flag

    MMR - Lineham Creek Update

    Good news for SARA and its acreage position in Louisiana!

    Chevron Makes Big Discovery In Louisiana - And It's Not Even Done Drilling Yet

    They haven’t even finished drilling yet, but this morning McMoran Exploration announced a significant oil and gas discovery at the ultradeep Lineham Creek prospect in coastal Louisiana.

    McMoRan said in a statement that they’ve found proved, probable and possible reserves equivalent to 547 billion cubic feet of natural gas, with 12.9 bcf of that falling into the proved category.

    http://www.forbes.com/sites/christopherhelman/2013/02/20/chevron-makes-big-discovery-in-louisiana-and-its-not-even-done-drilling-yet/

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