LLOG Strikes Oil at Crown & Anchor

LLOG Exploration (LLOG) and its partners Ridgewood Energy and Stone Energy Corporation have drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect.

The initial exploratory well, located in the Gulf of Mexico, encountered greater than 50 feet of net oil bearing sand in a high-quality Miocene reservoir.

According to Louisiana-based LLOG, which owns 60% working interest in the discovery, the company is now evaluating regional hosts regarding subsea development options for the project.