Devils Tower - No Change in Status
- Platform rig and topsides sustained significant damage from Hurricane Ivan
- Business interruption insurance coverage begins on November 1 (not in either Plan)
- Covers projected net revenue stream
- Company keeps reserves
- Expect to reinitiate production from four wells by late-October to mid-November
- Rig repairs expected to take 90 to 120 days
- Four additional wells will be tied in upon completion of rig repairs
- Two satellite discoveries, Triton and Goldfinger, under development