Black Elk Energy announces successful oil well flowtest

Source:Black Elk Energy Offshore Operations

The company reports a 7% increase in oil and a 17% increase overall in the Company’s gas / oil mix.  Black Elk Energy Offshore Operations, LLC (“Black Elk Energy”), an independent oil and gas company headquartered in Houston, and their partner, SCL Resources, LLC, announced today they have conducted a successful flowtest of the recently sidetracked High Island A443 #A¬5. The GA¬-Series Lower interval has tested at a stabilized flowrate of 1,200 barrels of oil per day. The flowing tubing pressure was 1,150 psi on a 24/64” choke. The GA-¬Series oil stringer was also encountered, which is a new reservoir not seen in offset wells.

This is great news for the Company as there is a 7% increase in oil and a 17% increase overall in the Company’s gas / oil mix.

“The successful flowtest conducted at HI A443 is another significant milestone for Black Elk Energy”, says John Hoffman, President and Chief Executive Officer of Black Elk Energy. “We are extremely pleased with these results and confident in the future success of our 2013 drilling program.”

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