New Sage Energy Corp., which is based in Toronto, Ontario, announced today that it has drilled and completed the J. Leger #1 well in the Lafourche Crossing Field.The well reached a total depth of 10,648 feet and was completed between 10,614 feet and 10,643 feet with initial flow test results that show a tubing pressure of 3610 psig, a flow rate of 910 mcf/d natural gas and 29 bbls/d of 52 degrees API oil, equivalent to roughly 100 BOE/d. New Sage holds a 5% working interest in the J. Leger #1 well.
New Sage, whose primary focus has been in South America, announced last month that it was initiating a strategy for developing oil and gas projects in the U.S. Gulf Coast. The strategy is focused on "work-over" projects in areas with known historic producing formations and excellent existing infrastructure in
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