Leed Petroleum, a Gulf of Mexico-focused oil and gas explorer and producer, has said that the initial results of Main Pass 64 #1 sidetrack well are in line with pre-drill expectations.

Medco Energi US, the operator in the Main Pass 64 #1well, is currently casing and completing the well for oil production from the primary pay zone.

The first production from this zone is expected to occur early in the fourth quarter of 2010.

In August, Leed had elected to participate with operator, Medco Energi US, in the Main Pass 64 No1 sidetrack well.

The well was spud on 23 August 2010, and reached a total measured depth of 8,086ft on 19 September 2010.

Electric line logs have confirmed that the wellbore encountered three pay sands, containing a total of 71ft of true vertical thickness pay, including 48ft of true vertical thickness pay in the field’s primary pay zone.

The company owns a 25% non-operated working interest and a 19.18% net revenue interest in the well.

The well is presently on track to be drilled and completed for the budgeted cost of approximately $5.4m ($1.35m net to Leed).