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Posted 3 September 2010 by Admin. Blog, EEG Updates

Ensight Energy Group, Inc.  Announces NEW Coquille Bay Project

Ensight Energy Group, Inc. would like to formally announce their new EEG Coquille Bay Drilling Project with two wells in Plaquemines Parish, Louisiana.

Ensight Energy Group, Inc. has commenced funding for their new EEG Coquille Bay Project limited Partnership, a two (2) well project located in Plaquemines Parish, Louisiana. Both wells, Martin-Marks Operating Co., LLC No. 3 R.F. Price and the Martin-Marks Operating Co., LLC Duck Head No. 1, will be drilled to a total depth +/- 11,500’ and +/- 2,500’ respectively under a Turnkey Drilling Contract.
The Coquille Bay Project will have various industry partners involved in as well as the project’s limited partners. Both wells should produce natural gas with associated oil.

Potential recoverable reserves have been estimated at 17,832,783 MCF and 3,619,088 BO for both wells. Ensight Energy Group, Inc. has run internal economics based on $4/MCF gas and $70/BO.

Current drilling prices at the above mentioned commodity prices gives the EEG Coquille Bay Project a strong upside potential. read more

For further information regarding topics discussed in this article please contact Ensight Energy Group, Inc. directly at (866) 885-3221 or visit them on the web at www.ensightenergygroup.com. Emails may be directed to Info@ensightenergygroup.com.

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