Falcon Area
- ~3,400’ water depth
- Operator with 75% -100% working interest
- 300 Mmcfpd capacity at Falcon Nest platform
- Falcon uses 175 Mmcfpd at peak (gross)
- 1st production from Falcon anticipated in 2nd Qtr 2003
- Fabricating umbilicals & flow lines
- Additional prospects on 24 blocks in area
- Apparent high bidder on 6 additional blocks
- 2002 Drilling
- 2 Falcon dev. wells
- 3 exploration wells