Medco Energi, the operator of the field with 75% working interest, proposed the sidetrack of the well with the operations beginning recently.
The well has been planned to be drilled to a total measured depth of approximately 8,038ft and completed for a total cost of approximately $5,400,000 ($1,350,000 net to Leed).
The production is expected to begin early in the fourth quarter with the log results expected by the end of third quarter 2010
The company owns a 25% non-operated working interest and a 19.18% net revenue interest in the well.
