An amendment to BCM's Nov. 9th press release regarding YTD production is as follows: The Nov. 9th release mistakenly cited 13,194 BPO as the YTD production figures. 13,194 BPO is the total production volume from July 2010 to Sept. 2011. As stated above, the year to date production for 2011 is 11,697 BPO.
University Field is a producing oil field in East Baton Rouge parish, LA comprised of approximately 300 gross acres with 19 wells in-field, of which most are workover candidates. Management has identified at least one proven undeveloped drilling location, with plans to begin drilling in early 2012. Current reserve estimates indicate over $12,800,000 in proven reserves and an additional $27,000,000 in probable reserves.
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