NEWS BULLETIN

May 15, 2006 --- Vol. 12, No. 30May 2006

Endeavour proves to be a dry hole

Aurora Gas LLC has announced that it did not find commercial quantities of hydrocarbons in its Endeavour No. 1 well near Anchor Point at the southern end of Alaska’s Kenai Peninsula. Drilling at Endeavour has just finished. The well targeted an oil prospect in the Hemlock and lower Tyonek formations, in a similar geologic setting to the nearby Cosmopolitan oil accumulation. Aurora had also hoped to find gas at higher stratigraphic levels.

“Aurora will analyze data from the Endeavour No. 1 to help determine whether or not additional exploration efforts will be expended in the area,” said Scott Pfoff, president of Aurora on May 15.

The well reached a total depth of 9,225 feet.

Storm Cat to do production testing for gas at Northern Dancer

On a more optimistic note, Storm Cat Energy Cop.’s President and CEO Scott Zimmerman has told Petroleum News that his company’s Northern Dancer No. 1 well near Big Lake in Alaska’s Matanuska-Susitna Borough “found gas throughout the section.”

“We were sufficiently encouraged to set casing,” Zimmerman said. “We’re going to do production testing in the next 60 days.”

Zimmerman said that timing of the testing is contingent on obtaining the required services for working the well and that the company is negotiating the use of a drilling rig.


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