Gulf Coast Western Controls Blowout on Louisiana Gulf Coast Well Previously Drilled by Conoco

  Gulf Coast Western Controls Blowout on Louisiana Gulf Coast Well Previously
  Drilled by Conoco

Confirms Significant Flow Rates and Reserve Potential of More Than Two Million

                Completion Activities Resume on Re-Entry Well

Business Wire

DALLAS -- May 27, 2014

Dallas-based Gulf Coast Western and its operating partner, Dallas-based Alpine
Exploration Companies, Inc., confirmed that they have controlled a well
blowout located in the Mallard Bay marshlands along the Southern Coast of
Louisiana. They have resumed completion activities and expect to start
production of their Mary O. Long #1 well, located in Cameron Parish, Louisiana
in the next two weeks. Gulf Coast Western explores, develops, and acquires
domestic oil and gas reserves primarily in the Gulf Coast region of the United

The Mary O. Long #1 well was a re-entry of a proven oil/gas well drilled by
Conoco nearly 30 years ago with multiple logged zones, but abandoned due to
several factors at the time including low commodity pricing and the need to
construct a production platform and pipeline. On March 3, 2014, the Mary O.
Long #1 well experienced a blowout during completion activities in the Lower
Alliance Sand at 12,420-60 feet. The well tested at extrapolated rates as high
as 14,496 MCFGPD and 545 BOPD prior to the well being brought under control.
In the future, Gulf Coast Western also expects to produce from the Planulina
Sand located above the Lower Alliance, bringing the total production potential
for the well to more than two million barrels of oil equivalent.

“We have very high expectations for this well and are extremely pleased with
the initial test results,” said Gulf Coast Western CEO Matthew H. Fleeger.
“Upon re-entering the well, we encountered even greater pressures than those
experienced by Conoco 30 years ago, and lost control of the well. We are
pleased that Alpine was able to successfully get the well back under control
and look forward to placing the well into production in the near future.”

Gulf Coast Western maintains a strategy focused on acquiring interests in
prospects and properties that have excellent geological and geophysical
attributes in well-developed structures, which provide significant return
potential with quantified downside risk for our participating partners.

About Gulf Coast Western

Gulf Coast Western, a Dallas-based company founded in 1970, is focused on the
exploration, development, and acquisition of domestic oil and gas reserves in
the Gulf Coast region, and has activities in Texas, Louisiana, Mississippi,
Oklahoma, and Colorado. Gulf Coast Western serves as the Managing Venturer of
Oil & Gas General Partnerships otherwise known as Joint Ventures. For more
information, visit


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Vicki Granado, 214-599-8785
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