This revenue is reportedly in line with forecasts and reflects the stabilization of production rates following commissioning of the production facilities that commenced on October 18, 2007.
Entek said that it expects to continue to receive monthly income from High Island 24L production, at approximately this level, for the foreseeable future.
Through its wholly owned subsidiary, Entek USA, the company has a 5% working interest in production from two wells in the High Island 24L producing gas field.
During tests, the two producing wells drilled on the High Island 24L structure flowed a cumulative rate of 98 million standard cubic feet per day, the company said.
