The four wells in the Barber Creek Field are slated for abandonment.Net proved reserves are 712,000 barrels and 140 MMCF ( PV-10% is $22.5 million) per the Fletcher Lewis Engineering report as of 1/1/10, constant price case.There are several behind pipe recompletions in the existing wells.The fields offer multiple productive zones from 7,500 feet to 17,000 feet.Net operating revenue is estimated to be about $238,000 per month.Working Interests are mostly 100% with NRIs about 72%.Production from 9 wells averaged 143 BOPD gross and 102 BOPD net.Odyssey's ownership includes 19 oil wells and two SWD wells.Assets include interests in the Pelahatchie, Verba, and Barber Creek fields.(US), operating under Chapter 11 bankruptcy protection, divested its oil and gas assets in Mississippi. Numerous upside opportunities including a significant exploration play at Main Pass 35.The field, with its 10 linked platforms and oil pipeline, is in a strategic location within Louisiana's coastal waters and has unique characteristics such as third-party oil, gas, and water processing services for neighboring fields. Main Pass Block 35 Field became one of Shell's major discoveries in the 1950's.There is an independent third-party engineer's reserve report.Net Probable & Possible reserves of 794,000 BO and 4,729 MMCF.Net proved reserves of 1,358,000 BO and 1,554 MMCF.Net production of 298 BOPD and 855 MCFD.30 producing wells with a leasehold position of 8,314 gross acres.and its wholly owned subsidiary, XPLOR Energy Operating Company, has sold its oil and gas assets in the Main Pass Block 35, Lake Raccourci, Point a la Hache (Bakers Bay), Branville Bay (Chandeleur Sound Block 71), Lapeyrouse, and East Lake Verret fields.
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